According to a new report, published by KBV research, The Global DRAM Market size is expected to reach $163.5 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period.
In the fast-paced landscape of modern computing, memory technologies play a foundational role in shaping electronic devices' performance, efficiency, and functionality. Among these technologies, Dynamic Random Access Memory (DRAM) stands as a cornerstone, providing high-speed, volatile storage crucial for operating various electronic devices, from personal computers to data centers and beyond.
The DDR4 segment is registering a CAGR of 6 % during the forecast period. Compared to DDR3, DDR4 provides lower power consumption and faster data transfer rates. This makes it more suitable for handling the demands of modern computing tasks, such as gaming, content creation, and data processing. Over time, as DDR4 production has ramped up and older memory technologies have become obsolete, the cost of DDR4 modules has decreased, making them more accessible to consumers and businesses alike.
The Double Data Rate SDRAM segment led the Global DRAM Market by Type in 2023; thereby, achieving a market value of $101.8 billion by 2031. The proliferation of consumer electronics, especially smartphones, tablets, and PCs, has significantly driven demand for DDR SDRAM. These devices require memory modules with high-speed data transfer capabilities to effectively handle multitasking and multimedia applications. Thus, owing to these factors, there will be increased demand in the segment.
The Mobile Phones segment is growing at a CAGR of 5.6 % during the forecast period. With the proliferation of smartphones globally, there's a growing demand for DRAM chips to support the increasing memory requirements of these devices. Modern smartphones are becoming more powerful and versatile, requiring higher amounts of DRAM to run multiple applications simultaneously, handle complex tasks, and support advanced features like high-resolution displays and augmented reality.
Full Report: https://www.kbvresearch.com/dram-market/
The Asia Pacific region dominated the Global DRAM Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $73 billion by 2031. The Europe region is anticipated to grow at a CAGR of 5.6% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 5.8% during (2024 - 2031).
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