DRAM Module and Component Market to Generate $111.1 Billion Revenue by 2030

The DRAM module and component market size is expected to advance at a CAGR of 1.40% during 2022–2030, to reach USD 111.1 billion by 2030.

The rising usage of smartphones and the growing deployment of 5G network technologies, along with the overall increase in the utilization of DRAM modules and components in varied industries, are expected to drive the growth of the market.

The memory is one of the basic necessities for a computer to function, and DRAM is a type that comprises two basic components, namely a transistor and a capacitor. It is a type of RAM that belongs to the category of semiconductor memory and is mostly used in the main memory of computers, laptops, and smartphones, especially the latest ones.

DRAM allows for easier access to data while the system (computer or laptop) is running as compared to the secondary memory types, such as hard disk drives, thus allowing it to function faster and more efficiently. The higher rate of transfer, as well as storage density, is one of the main reasons for its usage in the main memory of computers.

Faster and more-efficient broadband and cellular network services are one of the main objectives of telcos and related service providers currently. With the advent of the latest technologies, such as 5G, IoT, and AI, it is essential that the devices have the necessary components to function efficiently; here, DRAM allows for quicker access to data and applications. The synergy of the latest technologies would enable users to have access to advanced features and functionalities.

The utilization of smart devices is on the rise due to the increasing availability of the latest technologies and tools. The digitalization of all kinds of procedures is also a commonly accepted practice among individuals and businesses, to ensure accuracy and efficiency. Digitization requires handling huge volumes of data, wherein memory and storage come into the picture. There are a variety of DRAM modules and components based on storage capacities and functionalities that can enable the devices to transmit and process data at a higher rate.

North American Region Is Likely To Hold Significant Market Share

The North American market is expected to exhibit a significant demand for DRAM modules and components in the coming years, which will likely grow at a CAGR of around 1.3%.

The U.S. is likely to contribute more significantly to the market growth in the region. It can be attributed to the existence of major companies developing the latest technologies in the country, be it semiconductor foundries or software firms. Moreover, the consumer electronics market in the country generated more than USD 100 billion in revenue in the past year, and DRAM is one of the most-common types of memories used in digital devices and gadgets. Thus, the growth in the electronics and technology sectors would help the DRAM module and component market sustain momentum.

In addition, the Government of Canada is focusing on the development of its semiconductor ecosystem, having allocated more than USD 189 million (CAD 240 million) for this purpose. Hence, since DRAM is a type of semiconductor memory, its market would also receive benefits and eventually grow.

Some of the major companies operating in the DRAM module and component market are Samsung Electronics Co. Ltd., SK hynix Inc., Micron Technology Inc., Nanya Technology Corporation, Winbond Electronics Corporation, Powerchip Semiconductor Manufacturing Corp., ADATA Technology Co. Ltd., Patriot Memory Inc., Kingston Technology Corporation, Smart Modular Technologies Inc., Super Micro Computer Inc., and Transcend Information Inc.