Latest News- Dynamic Random Access Memory (DRAM) Market: Computers is expected to lead the Application segment during 2025-2029

The Dynamic Random Access Memory (DRAM) Market is being driven by Growth of smart cities

The Dynamic Random Access Memory (DRAM) Market is expected to grow at a CAGR of 21.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 258.8 billion. The DRAM market has experienced substantial growth in output due to the increasing complexity of Driver Awareness Systems (ADAS) and self-driving vehicle systems in the automobile industry. To meet the stringent requirements of safety-critical automotive systems, the market landscape must adhere to automotive standards such as ISO 26262. Intelligent memory provides a solution with its range of LPDDR4(X) chips, which offer embedded error correction code (ECC) capabilities. These chips operate at high speeds while maintaining low power consumption, making them suitable for automotive applications. They are designed for higher temperature ranges up to 125°C and have undergone AEC-Q100 qualification. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Computers
  • Mobile devices
  • Consumer electronics
  • Networking devices
• Technology
  • DDR2
  • DDR3
  • DDR4
  • DDR5
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of smart cities
• Increase in miniaturization
• Faster product replacement cycle

However, the market also witnesses some limitations, which are as follows:

• Various upcoming and improved technologies with price benefits
• Constant fluctuations in demand and supply
• Difficulty in achieving shorter time-to-market

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Market Scope in Dynamic Random Access Memory (DRAM) Market Research Report

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Research Analysis Overview

The dynamic random access memory (DRAM) market encompasses various applications including personal computers, smartphones, automotive advanced driver-assistance systems (ADAS), workstations, servers, generative AI, streaming platforms, data centers, machine learning, big data, ICT infrastructure, Bitcoin mining, gaming consoles, GPUs, home entertainment products like TVs and smart speakers, and set top boxes. With advancements in technology, DDR3 and DDR2 architectures in semiconductor memory continue to evolve, offering power saving capabilities that cater to the increasing demands of these industries. Key players in the market include Micron Technology, with a focus on meeting the memory requirements of datacenters, artificial intelligence, and other high-performance applications.

Market Research Overview

The dynamic random access memory (DRAM) market is a significant segment of the global semiconductor industry, encompassing architecture variants such as DDR3 and DDR2. DRAM is a crucial semiconductor memory technology utilized in various applications, including personal computers, smartphones, advanced driver-assistance systems (ADAS), smartwatches, workstations, servers, and generative AI. The market's size is determined by the revenue generated from the shipment of DRAM ICs to original equipment manufacturers (OEMs) and original design manufacturers (ODMs), sourced from both fab and fabless companies and integrated device manufacturers (IDMs). The global semiconductor market's expansion is fueled by escalating investments in constructing new fabrication plants (fabs) and expanding existing ones, driven by the increasing demand for advanced technologies in various sectors, such as datacenters and AI applications. Key players like Micron Technology are capitalizing on this trend by focusing on power-saving capabilities to cater to the evolving market requirements.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/