The North America DRAM Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America DRAM Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $26,677.6 million by 2031. The Canada market is experiencing a CAGR of 8.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2024 - 2031).
The adoption of DRAM has witnessed a remarkable trajectory, propelled by the relentless march of technological progress and the ever-increasing demands of computing-intensive applications. The widespread adoption of smartphones, tablets, and personal computers has been a primary driver of DRAM demand in the consumer electronics sector. The need for larger and faster DRAM modules has become increasingly pronounced as these devices evolve with higher-resolution displays, advanced camera systems, and multitasking capabilities.
Furthermore, the exponential growth of digital data generated by social media, e-commerce, streaming services, and IoT devices has fueled the expansion of data centers. These data centers rely heavily on DRAM for caching, buffering, and processing vast amounts of data in real time. An increasing focus is on enhancing DRAM performance and efficiency to satisfy the demands of hyperscale data centers and edge computing nodes deployed closer to end users with the introduction of cloud computing and edge computing concepts.
Mexico's automotive industry has experienced steady growth in vehicle production over the years. The country produces many vehicles for domestic and export markets, including passenger cars, light trucks, and commercial vehicles. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer globally, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States. In addition, the expansion of telecom networks and the increasing demand for online services, streaming media, cloud computing, and enterprise applications are driving the growth of data centers in Canada. As per the Government of Canada data, in 2021, the telecommunications industry generated $55.3 billion in total revenues, reflecting a 3.4% growth in the sector's overall earnings compared to the previous year, 2020. Hence, North America's growing telecom and automotive sectors will assist in the growth of the regional market.
Free Valuable Insights: The DRAM Market is Predict to reach USD 163.5 Billion by 2031, at a CAGR of 6.3%
Based on Technology, the market is segmented into DDR4, DDR5 and Others. Based on Type, the market is segmented into Double Data Rate SDRAM, Rambus DRAM, Fast Page Mode DRAM, Extended Data Out DRAM and Others. Based on Application, the market is segmented into Mobile Phones, Gaming Console, Automotive, PCs/Laptops, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Technology
By Type
By Application
By Country
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