Dynamic Random-Access Memory Market Trends

Growth Drivers

• Growing Manufacturing of Smartphones – The RAM provided in smartphones is called DRAM which is generally used as the main memory. Dynamic random-access memory is a vital part of modern smartphones. Hence, the growing utilization of smartphones is expected to drive market growth over the forecast period. For instance, in 2023, approximately 6 billion people were noticed to be using smartphones which was an increase from nearly 3 billion in 2016.

• Rising Trend of Working from Home to Boost Market Growth – A surge in the work-from-home facility is noticed to hike the demand for personal laptops or computers since each employee requires a single device to work with. For instance, the process of working from home in America was observed to rise from approximately 4% in early 2019 to nearly 60% in 2020. Additionally, it was also observed that around 40% of employees across the globe can work from home. 

• Increasing Inclination of the Global Population towards Online Gaming – Owing to the increment in online gaming, the demand for smartphones and laptops with high performance is estimated to drive the growth of the market over the forecast period. for instance, as of 2019, there nearly 3 billion online gamers were estimated to live across the globe who has spent more than USD 140 billion on these games.

• Growing Prevalence of E-Leaning - During the COVID-19 pandemic, the trend of e-learning was at its peak which is still growing owing to its countless benefits. For a better e-learning process, students and teachers are required to have at least a laptop or smartphone. Hence, the growing online classes are expected to hike the market growth over the forecast period. For instance, it was found that more than 80% of companies and 55% of students have used some type of e-learning platform.

Challenges

• High Cost of Design and Fabrication of DRAM - The designing process of DRAM is quite expensive since the manufacturing of dynamic random-access memory is quite complex. It consists of several tiny transistors and capacitors. To enhance its functionality, manufacturers are observed to require higher investment which is further expected to hamper the market growth over the forecast period.
• Higher Power Consumption Compared to Others
• Slower Performance than SRAM