DRAM Modules and Components Market to Reach $111.1 billion by 2030

Author: Release time:2023-04-20 Source: Font: Big Middle Small View count:256

It is expected to grow at a CAGR of 1.40% from 2022-2030 to reach USD 111.1 billion by 2030.

 

The DRAM modules and components market size was USD 99.4 billion in 2022 and is expected to grow at a CAGR of 1.40% from 2022-2030 to reach USD 111.1 billion by 2030.

 

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Adoption of IoT and 5G tech, increasing number of data centers, and increasing utilization of DRAM modules and components across industries are the main factors driving the market growth.

 

Memory in computers, laptops, smartphones, and similar devices is a key component. It enables the device to operate and retain data according to the user's requirements. DRAM is a type of RAM, or random access memory, that is volatile and stores data temporarily in real time. It enables processors to access data and multiple applications simultaneously faster than flash memory.

 

Deployment of IoT and 5G Network Technologies on the Rise


The development of 5G networking technology is accelerating since 2019. It is one of the latest standards introduced for networking technologies to provide better and faster connectivity.

 

Cellular companies have already started deploying it in certain regions of the world, especially in terms of network reliability, connection stability and high data rates to provide users with the opportunity to experience some of the benefits of 5G.

 

The combination of 5G and AI with DRAM has great potential to improve the user experience of smartphones. DRAM will enable smartphones to access and process data at faster speeds, which is essential for 5G connectivity to operate efficiently and avoid latency when devices are in use.

 

In addition, the use of IoT and the amount of data transmitted through IoT-based devices has increased in recent years. The use of IoT to connect various devices and implement concepts such as smart cities, homes, offices and factory buildings requires the simultaneous processing and analysis of large amounts of data, thus creating a demand for DRAM modules and components. The growing popularity of IoT applications and devices will drive the growth of the DRAM modules and components market, as there is a strong demand to ensure adequate operation.

 

Growth in the number of data centers is one of the biggest market drivers

 

There are more than 8,000 data centers worldwide. The country with the largest number of them (around 2,600) is the US, followed by countries in the European region, namely Germany and the UK. The use of DRAM in servers has been increasing due to the growing need to store and process the large amount of data processed by data centers.

 

The 8 GB+ category is likely to account for the largest share of the memory segment

 

The 8 GB category is likely to hold the largest share and grow at a CAGR of 1.6% over the forecast period. This can be attributed to the perpetual demand for high memory capacity for storing, processing and transferring large volumes of data.

 

The rate of data generation has been growing at a rapid pace over the last decade. The processing of heavy applications is also becoming quite common today due to the introduction of various advanced technology products and solutions. This brings with it the need to update them regularly for efficient operation.

 

HD image and video quality, such as 4K, requires higher memory to store and process. In addition, video and other media editing is facilitated when computers and laptops have optimal memory, driving the need for DRAM with more than 8 GB of memory.

 

Moreover, the 6-8 GB category is expected to hold a significant market share and grow at a CAGR of about 1.3% over the next few years, due to the cost-effectiveness of this variant compared to other variants with higher memory capacity. In addition, systems require optimal memory capacity to ensure absolute performance and compatibility with the latest applications and technologies.

 

Automotive Category Expected to Grow at a High Rate


The automotive category, segmented by industry, is expected to grow at a CAGR of over 1.6% during the forecast period. This growth can be attributed to the introduction of advanced digital devices and applications that enhance performance and improve user experience by enabling more comfortable and safer driving.

 

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The growing popularity of IoT devices, automation solutions and remote access applications in vehicles will fundamentally drive market growth. DRAM components help to efficiently run applications dedicated to automation, reliability, safety and overall vehicle performance enhancements. Automobiles are constantly innovating, and now they are using a variety of computer applications, software and sensors to improve performance and provide a better experience for the user, with different capacities of DRAM that can be deployed in the vehicle. In addition, electronics companies have begun to obtain certification for their advanced memory products for automotive safety and performance.

 

Asia Pacific is likely to maintain its dominant position in the market

 

Asia Pacific has held the largest market share in the past and is likely to maintain its position in the coming years. In addition, it is expected to grow at a CAGR of 1.6% over the next few years due to the expansion of the semiconductor industry and the growing demand for smart electronic devices in populous countries such as China and India.

 

The increasing pace of adoption of smart digital devices in Asia Pacific countries is expected to fuel the demand for DRAM modules and components as they are able to meet the memory requirements of these devices.

 

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In addition, the Indian government is taking initiatives to become a global hub for semiconductor production and an alternative to China. In this regard, a special program has been announced which will provide incentives to manufacturers of semiconductor and display products.

 

As a result, the growth in semiconductor production will drive the DRAM modules and memory market in the coming years. Moreover, the majority of these modules and components are manufactured in countries/regions such as South Korea and China in the Asia Pacific region, which export them to other countries/regions.

 

 


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