May 06, 2021 (Heraldkeepers) -- Market Research Future published a research report on "DRAM Market Research Report – Global Forecast to 2027" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The DRAM market is anticipated to grow rapidly at a CAGR of 28.70% during the forecast period 2019 – 2023. The global DRAM market is driven by growing popularity of high-end smartphones and presence of electronics manufacturing giants. These factors have helped shape the DRAM market and are expected to boost the growth. Companies in the DRAM market could also face challenges such as a weak supply chain in some parts of the world and lack of demand from certain market segments. The details covered in the DRAM market report cover all the aspects of the industry. DRAM market analysts have also shared growth projections in the report and have suggested DRAM market players to plan growth strategies accordingly.
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Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Powerchip Technology Corporation, Kingston Technology Corporation, Integrated Silicon Solution Inc., Transcend Information, Inc., Micron Technology, Inc., Nanya Technology Corporation, ATP Electronics, Inc., and SK Hynix Inc. are some of top-notch companies that are profiled in MRFR's report.
DRAM Market - Segmentation
Based on type, the DRAM Market has been segmented into asynchronous DRAM, synchronous DRAM, burst extended data output (BEDO), extended data output (EDO), and FPM (Fast Page Mode). The synchronous DRAM (SDRAM) segment accounts for the largest market share and is expected to remain highly profitable in the coming years. By the year 2023, the segment is expected to surpass a valuation of USD 120 Bn reflecting a strong CAGR of 32.80%. Synchronous DRAM is faster and more efficient as compared to asynchronous DRAM. Its syncs to the clock of the processor and executes multiple threads by utilizing multiple memory banks.
On the basis of technology, the market has been segmented into DDR5/GDDR5, DDR4, DDR3, and DDR2. The DDR4 segment accounts for the lion's share of the market. It stood at USD 38.59 billion valuation in 2017 and likely to retain its top position till 2023. DDR4 is curved edge technology which supports memory slot integration in smart devices. It is a eco-friendly technology which powers up the computing power with low expenditure of power. Apart from DDR4, DDR5/GDDR5 is another emerging DRAM technology which is deemed to exhibit the fastest CAGR over the forecast period.
On the basis of application, the market has been segmented into gaming consoles, mobile phones, PCs/laptops, and networking devices. The PC/laptop segment currently accounts for the largest market share in terms of value. The segment is projected to witness a CAGR of 31.50% during the forecast period. Meanwhile, the mobile phone segment accounted for the second largest share of the market in 2018.
Global DRAM Market - Regional Analysis
On the basis of region, the global DRAM market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC is the most significant contributor to the global DRAM market and is projected to exhibit a relatively higher CAGR during the assessment period. In APAC, China (including Taiwan) is the most important investment destination for market players. It is one of the leading producers of electronic products. The demand for electronic products in Japan, China, and South Korea are expected to encourage DRAM growth in the region.
North America is poised to garner significant share of the global dynamic random access memory market. The offering of 5G by telecommunication providers and AI-driven applications can induce demand in the region.
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Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.
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