The global DRAM module and components market is expected to experience significant growth in the coming years, driven by the emergence of 5G technology, growth in demand for DRAM module and components in the automotive sector, and growth in adoption of high-end smartphones.
Above 8GB Memory Segment to Dominate Market
The above 8GB memory segment is expected to hold the largest market share in the DRAM module and components market during the forecast period. This is due to the increasing applications of these DRAMs in resource-heavy applications such as image or video processing, CAD, 3D modeling, virtual machines, and video editing.
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Automobiles Industry to Exhibit Highest Growth Rate
The automobiles segment is expected to grow with the highest growth rate during the forecast period. This is owing to the increasing applications of DRAM module and components in modern automotive for offering features such as infotainment, ADAS, telematics, and D-clusters (digital instrument clusters).
APAC to Account for Largest Market Share
APAC holds the largest market share of the DRAM module and components market and is expected to retain its position as the largest during the forecast period. This is due to the presence of countries such as China and South Korea in the region. China is a key market for memory devices and continues to grow strongly due to their high demand in the mobile, automotive, and server markets.
China and South Korea to Drive Growth
China is a key market for memory devices and continues to grow strongly due to their high demand in the mobile, automotive, and server markets. With the launch of "Made in China 2025" in 2015, the Chinese government, in partnership with private players, started investing billions of dollars in developing their local semiconductor industry aiming at bridging the gap between domestic production and consumption. South Korea, on the other hand, is a leader in manufacturing mobile devices, servers, consumer electronics, computers, as well as DRAM module and components with the presence of companies such as Samsung Electronics Co., Ltd. (South Korea) and SK Hynix (South Korea)—the top 2 companies for DRAM module and components worldwide. This is the main driving factor for growth in this country.
Key Players
The major players in the market include Samsung Electronics Co., Ltd. (South Korea), SK Hynix Inc. (South Korea), Micron Technology, Inc. (US), Nanya Technology Corporation (Taiwan), Winbond Electronics Corporation (Taiwan), Powerchip Technology Corporation (Taiwan), ADATA Technology Co. Ltd. (Taiwan), Ramaxel Technology (Shenzhen) Co, Ltd (China), Kingston Technology Corporation (US), SMART Modular Technologies (US), and so on. These players have adopted various growth strategies such as product launches/developments, partnerships/contracts/collaborations/acquisitions to expand their global presence and increase their share in the global DRAM module and components market.
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