The dynamic random access memory (DRAM) market is predicted to continue to rise at a notable pace over the 2024 -2030 forecast period. DRAMs find wide use across a number of end users including computing, infocom, infrastructure, and entertainment, thereby fuelling the DRAM market.
Surging demand for high-memory handheld devices such as smartphones and tablets for high performance is a key factor fuelling the DRAM market. Mobile phones are expected to account for large share in the DRAM market owing to their growing penetration and declining prices. Furthermore, the demand for high performance and low power consuming DRAM solutions in mobile devices is expected to boost growth in the dynamic RAM market.
Key parameters based on which the dynamic random access memory market is divided are application and region.
The report on dynamic access memory market provides an in-depth analysis of demand drivers, growth indicators, and opportunities in the said market over the 2024-2030 forecast period. Furthermore, the report sheds light on key regions in the dynamic random access memory market and revenue projections of these regions over the stated forecast period.
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Dynamic Random Access Memory Market: Competitive Landscape
The dynamic RAM market is oligopolistic with few large players, and a high degree of price competition. Key players in the dynamic RAM market are vying to gain competitive advantage by leveraging advanced processing technology and reduce per unit cost. For example, in March 2014, Samsung Electronics started mass production of dynamic RAM using 20nm process technology. Using the technology, the company is able to produce dynamic random access memory at reduced production costs and better energy efficiency.
In addition, collaborations and business alliances with major mobile device manufacturers is another key strategy adopted by large players in the dynamic random access memory market to outperform competitors.
Prominent players in the dynamic RAM market include Micron Technology Inc., Nanya Technology Corp., Intel, Etron Technology Inc., Texas Instruments, Samsung Electronics Co. Ltd., Kingston Technology, Elpida Memory Inc., and Advanced Micro Device.
Dynamic Random Access Memory Market: Key Trends
Continual development of avant-garde personal computing devices fuelling demand for DRAM products underscores growth in DRAM market. Development of ultra-thin notebooks that offer long battery life, high performance, and sturdy physical profile are backed by dynamic RAM technology.
Wide use of DRAM across a number of end users is another key factor fuelling the dynamic random access memory market. Mobile phones, workstations, personal computers, gaming devices, and tablets are some computing devices that use dynamic random access memory to expedite operational speed.
Key entertainment applications of DRAM include camcorders, DVD players, game consoles, projectors, set-top box, and e-books.
Furthermore, rising demand for cloud computing and the need for high speed communication are anticipated to boost demand for dynamic random access memory, especially for data centers. Cloud computing services require high-speed data transmission, cooling, and back-up facilities, which are handled by high-density memory and low-power consumption technologies such as dynamic RAM.
However, on the downside, emergence of substitutes such as NAND flash is expected to hamper the dynamic random access memory market in the years ahead.
Dynamic Random Access Memory Market: Regional Outlook
Key regions into which the dynamic random access memory market is divided are North America, Eastern Europe, Western Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America is expected to witness growth strong growth in the DRAM market over the forecast period mainly because of high technological advancements in the region.
Asia Pacific is another key region in the dynamic random access memory market. Rapid penetration of mobile devices in emerging economies is indirectly fuelling the dynamic random access memory market in the region.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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