Global DRAM market garnered exponential valuation in 2017, and expected to reach USD 221.67 Bn which is poised to grow further at 9.2% CAGR during the forecast period.
COVID-19 Analysis
The COVID-19 outbreak had affected the DRAM market severely, causing huge revenue losses to end-use industries like Mobile Phones, PCs/laptops, and more. After a brief slowdown in 2019, the memory market was again hit by the COVID-19 pandemic. However, post lockdown limitations getting relaxed with time, the DRAM market is again gearing up gradually.
Frequently Asked Questions (FAQ) :
What valuation is the market projected to hit by 2024?
Which product type can be the dominant segment in the global market?
What was the market value of the North American market in the year 2018?
What will be the growth rate of the market in the future?
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Regional Analysis:
The regional analysis for the global DRAM market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2020, and it is expected to register strong growth during the forecast period. The major factors behind the growth of the DRAMs market in North American are the rising adoption of these sensors in the automotive and military sector. However, the Asia Pacific area is experiencing tremendous growth due to the growing industrial sector combined with an increasing presence of small and medium-sized enterprises (SMEs) in the region.
Key Companies- 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
DDR4 Technology Holds Largest DRAM Market Share
The technology segment is bifurcated into DDR2, DDR3, DDR4, and DDR5/GDDR5. The DDR4 segment accounts for a predominant market share, reaching a valuation of USD 38 BN in 2017. The segment is predicted to grow at an impressive CAGR over the next couple of years. The DDR5/GDDR5 segment is also expected to witness healthy growth during the review period.
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Report Overview
This study estimates revenue growth at the global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2018 to 2030. For this analysis, MRFR segmented the DRAM market has based on type, application, and region/country.
Some of the outstanding benefits of implementing an DRAM can be elaborated on below –
Risk Improvement
It is easy to predict that the DRAM must be predictive, in order to symbolize opportunities of power preservation by reducing power demand and to reduce the risk of power shortage. Also, the DRAM offers security from theft and fraud as well, through access control systems.
Eco-Friendly
It is concluded that the DRAM from being performing the function of being able to conserve energy, the system must also be eco-friendly in some way or the other. Being eco-friendly is not only essential to have a green image, but it can also save a lot of costs involving carbon taxes and managing carbon footprint.
Lowering of Costs
With increasing rates of power, such as energy & building management equipment is the high demand of the time. The DRAM has enough arrangements and monitoring features to cut the cost by efficient power saving and fault detection.
Market Dynamics
The major factors driving the growth of the DRAM market are the increasing demand of electronics in automobile sector and growing adoption of anti-lock braking system. However, lack of skilled workforce is hindering the market growth. Although, development of low power and high accuracy DRAMs is creating an opportunity in the market.
Segmentation
The global DRAM market has been segmented based on technology, application, and region.
Based on technology, the global DRAM market has been segmented into Magneto-Resistive, Hall Effect and Variable Reluctance.
Based on application, the global DRAM market has been segmented into Automotive, Industrial, Aerospace & Defense and Consumer Electronics.
The DRAM market has been analyzed for five regions—North America, Europe, Asia-Pacific, Middle East & Africa and South America.
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What are the Driving Factors behind Global DRAM
The driving factors for the DRAM market are included as rising awareness among people in the matter to improve increasing demand and environmental quality for the green environment across the globe.
Even awareness among factory owners to implement DRAMs for their production units to have a healthy environment has also highly led to the growth of DRAMs in the market.
In fact, the advantage of using an DRAM is that it reduces costs because of which most of the organizations can save up to half of the fuel by managing energy use. The only drawback is that some of the organizations do not use the system of energy management as an opportunity to improve performance and reduce costs.
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4 Market Dynamics
4.1 Overview
4.2 Drivers
4.2.1 Growing Adoption Of Smart Homes
4.2.2 Increasing Awareness Regarding Security And Safety
4.2.3 Ease Of Installation
4.3 Opportunities
4.3.1 Advancement In Wireless IP Cameras
4.3.2 Emerging Smart City Initiatives
4.4 Challenges
4.4.1 Issues Regarding Privacy And Loss Of Data
5 Market Factor Analysis
Continued…
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