Global DRAM module and components market is expected to reach USD 110.7 billion by 2027 from USD 94.9 billion in 2021, 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.
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).
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APAC is expected to be the largest as well as the fastest-growing market of DRAM module and components due to the presence of major providers of memory technologies and early adopters of advanced technologies, namely, artificial intelligence (AI), Internet of Things (IoT), and big data analytics, which widely utilize DRAM. The established players in the market are undertaking strategic collaborations and research and development (R&D) activities for the advancement of memory technology and its potential applications. The growing demand for high-performance smartphones, tablets, and automobiles is driving the growth of the DRAM module and components market in APAC countries.
LPDRAM Module and Component segment holds the largest market share in the DRAM module and components market by type and is expected to retain its position during the forecast period owing to the increasing applications of these DRAMs in battery-operated devices such as smartphones and tablets. The demand for smartphones and tablets is increasing rapidly every year, increasing the demand for LPDRAM module and component as well.
The servers segment is expected to hold the largest market share of the DRAM module and components market during the forecast period due to the increasing number of network users in the current highly connected IT world. The number of servers and data centers is increasing rapidly to manage the growing crowd over the network.
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