DRAM Module and Component Market - Growth in Adoption of High-end Smartphones


Posted April 22, 2022 by ctom7000

The various key factors are expected to boost the growth of the DRAM module and components market in APAC during the forecast period.

 
The global DRAM module and components market was valued at USD 94.9 billion in 2021 and is expected to reach USD 110.7 billion by 2027, at a CAGR of 1.2% during the forecast period from 2022 to 2027.

The key factors driving the growth of the DRAM module and components market include emergence of 5G technology, growth in demand for DRAM module and components in automotive sector, growth in adoption of high-end smartphones, and others.

Emergence of 5G technology

The emergence of the 5G cellular network has opened more lanes on the information superhighway, enabling vast amounts of data to move faster and more freely, reducing traffic jams. Enabled by innovations in memory and storage, 5G, coupled with next-generation technologies such as artificial intelligence (AI), shows enormous promise to transform mobile devices into prescient, intuitive, and truly smart companions. The 5G/AI revolution stands to change the way people communicate, work, consume, recreate, and experience.

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Above 8GB memory segment to hold largest share of DRAM module and components market during the forecast period

Above 8GB memory segment is expected to hold the largest market share in the DRAM module and components market during the forecast period owing to the increasing applications of these DRAMs in resource-heavy applications, especially image or video processing (even 4K video), CAD, or 3D modeling and/or virtual machines. On top of that, video editing and other multimedia will be more effective with more DRAM. Having more than 8GB also comes in handy if the user makes extensive use of virtualization tools such as Microsoft Hyper-V or VMware Workstation, especially if multiple virtual machines are run simultaneously.

Automobiles industry in end-user industries segment is expected to exhibit the highest growth rate during the forecast period

The automobiles segment is expected to grow with the highest growth rate during the forecast period owing to the increasing applications of DRAM module and components in modern automotive for offering features such as infotainment, ADAS, telematics, and D-clusters (digital instrument clusters).

APAC to account for the largest market share during the forecast period

APAC holds the largest market share of the DRAM module and components market and is expected to retain its position as the largest during the forecast period due to the presence of countries such as China and South Korea in the region.

China is a key market for memory devices and continues to grow strongly due to their high demand in the mobile, automotive, and server markets, but it depends on other countries to fulfill its DRAM requirements. With the launch of "Made in China 2025" in 2015, the Chinese government, in partnership with private players, started investing billions of dollars in developing their local semiconductor industry aiming at bridging the gap between domestic production and consumption.

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Key Market Players

Some of the key companies operating in the DRAM module and components market are Samsung Electronics Co., Ltd. (South Korea), SK Hynix Inc. (South Korea), Micron Technology, Inc. (US), Nanya Technology Corporation (Taiwan), Winbond Electronics Corporation (Taiwan), Powerchip Technology Corporation (Taiwan), ADATA Technology Co. Ltd. (Taiwan), Ramaxel Technology (Shenzhen) Co, Ltd (China), Kingston Technology Corporation (US), SMART Modular Technologies (US), and so on.
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Issued By Tom
Country United Kingdom
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Tags DRAM Module and Component Market
Last Updated April 22, 2022