Dynamic Random Access Memory Global Market Report 2024

The dynamic random access memory market size has grown rapidly in recent years. It will grow from $68.82 billion in 2023 to $76.73 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth observed in the historic period can be attributed to several key factors including the increased adoption of generative AI technologies, escalating requirements for advanced technology infrastructures such as data centers, expansion of smart city initiatives, rising smartphone production, and significant growth in data center capacities.

The dynamic random access memory market size is expected to see rapid growth in the next few years. It will grow to $120.53 billion in 2028 at a compound annual growth rate (CAGR) of 12%. The projected growth during the forecast period can be attributed to heightened investment in smart infrastructure, escalating demand for educational and gaming notebooks, increased need for hyperscale data centers, the growing trend of remote work, and the rise of IoT devices. Prominent trends anticipated in the forecast period include the shift towards the DDR5 standard, advancements in manufacturing processes, continuous technological enhancements, improved packaging technologies, and the integration of AI-driven memory management techniques.

The escalating demand for digital electronics is poised to drive significant growth in the dynamic random access memory (DRAM) market. The field of digital electronics, which encompasses the design and utilization of digital signal devices, is experiencing rapid expansion due to advances in cloud computing, technological innovations, and enhanced connectivity speeds. DRAM enhances digital system performance by providing quicker data access compared to other storage options such as hard disk drives. For example, a report by the Japan Electronics and Information Technology Industries Association in May 2022 noted that the production of electrical devices and components surged to $29.33 billion in 2022 from $5.17 billion in 2021, highlighting the increasing demand for digital electronics and, consequently, for dynamic random access memory.

Leading entities in the dynamic random access memory sector are pioneering developments such as the Graphics DRAM chip, aimed at elevating graphics processing capabilities in applications such as gaming and visual computing. Graphics DRAM is specifically engineered for the storage of graphical data in a computer's GPU. In August 2022, Samsung Electronics Co. Ltd., based in Korea, introduced the GDDR6 DRAM chip. This chip is distinguished by its exceptional speed and efficiency, capable of processing visual data at a rate of up to 1.1 terabytes per second enough to process 275 full HD movies in just one second. This represents a more than 30% increase in data processing speed compared to earlier versions. The GDDR6 chip is expected to find broad applications in high-resolution 3D gaming, PCs, laptops, and high-performance computing, significantly enhancing graphics performance and extending battery life.

In June 2023, Nvidia Corporation, a US-based company known for its GPU and chipset technologies, entered into a partnership with SK Hynix Inc., a South Korean semiconductor specialist, to spearhead developments in the next-generation DRAM market. This collaboration focuses on the mass production of HBM3E chips, the most advanced DRAM chips designed for AI applications, thereby cementing their position as leaders in cutting-edge DRAM technology. This strategic partnership underscores both companies' commitment to leading the market in high-bandwidth memory solutions.

Major companies operating in the dynamic random access memory market are Samsung Electronics Co Ltd., Intel Corporation, SK Hynix Inc., Fujitsu Limited, Micron Technology Inc., Advanced Micro Devices Inc. (AMD), Texas Instruments Incorporated (TI), Infineon Technologies AG, Delta Electronics Inc., Kingston Technology Company Inc., ON Semiconductor Corporation, Powerchip Semiconductor Manufacturing Corp., Nanya Technology Corporation, ChipMOS Technologies Inc., Elite Semiconductor Microelectronics Technology Inc., Integrated Silicon Solution Inc. (ISSI), Apacer Technology Inc., Transcend Information Inc., EverSpin Technologies, ATP Electronics Inc., Viking Technology, GSI Technology Inc., Centon Electronics Inc., Etron Technology Inc., Elpida Memory Inc., Winbond Electronics Corporation, ProMOS Technologies Inc., Alliance Memory Inc.

Asia-Pacific was the largest region in the dynamic random access memory market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the dynamic random access memory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the dynamic random access memory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Dynamic Random Access Memory (DRAM) is a type of semiconductor memory widely utilized in computing environments to store data or program code required by a computer processor. It retains bits of data within storage cells that consist of capacitors and transistors, organized in a two-dimensional grid structure.

The primary categories of dynamic random access memory (DRAM) are module DRAM and component DRAM. Module DRAM is a form of semiconductor memory extensively used in computers, workstations, and other devices to boost memory capacity and improve overall performance. The various technologies within DRAM include synchronous dynamic random-access memory (SDRAM), rambus dynamic random-access memory (RDRAM), double data rate synchronous dynamic random-access memory (DDR SDRAM), fast page dynamic random-access memory (FP DRAM), and extended data output dynamic random-access memory (EDO DRAM). These technologies find applications across diverse sectors such as automotive, data centers, industrial automation, information technology (IT), and telecommunications.

The dynamic random access memory market research report is one of a series of new reports that provides dynamic random access memory market statistics, including dynamic random access memory industry global market size, regional shares, competitors with a dynamic random access memory market share, detailed dynamic random access memory market segments, market trends and opportunities, and any further data you may need to thrive in the dynamic random access memory industry. This dynamic random access memory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The dynamic random access memory market consists of sales of DRAM modules, DRAM chips, and graphics memory (GDDR). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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