Market Size of Americas Dynamic Random Access Memory (DRAM) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.49 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Americas Dynamic Random Access Memory (DRAM) Market Analysis
The Americas' Dynamic Random Access Memory (DRAM) market accounts for USD 29.27 billion in the current year and is estimated to reach USD 35.92 billion by the end of the forecast period while registering a CAGR of 3.49%. The Americas is expected to witness considerable growth in the DRAM market over the forecast period, primarily due to high technological advancements in the region.
- One of the main drivers of the DRAM market is the surge in demand for high-memory mobile devices like smartphones and tablets for high performance. Due to their increasing market penetration and falling prices, mobile phones are anticipated to hold a sizable portion of the DRAM market. Additionally, the demand for high-performance and low-power DRAM solutions in mobile devices is anticipated to spur expansion in the Americas' DRAM market.
- The increasing number of data centers, growing reliance on AI, machine learning, big data, IoT, industrial and consumer electronics, and ICT infrastructure are some of the factors propelling the production of DRAM. Some of the short-term DRAM demand drivers include increasing demand for gaming and educational notebooks, ongoing low- and mid-priced 5G smartphone launches, rising GPU demand due to the rising cryptocurrency mining, significant gaming console demand, and significant home entertainment demand for TVs, smart speakers, and set-top boxes because of the rising disposable income in American countries.
- The market's growth can be primarily attributed to the region's increased demand for smartphones and personal laptops, supporting the region's increased production of DRAM chips. One of the primary factors driving the demand for personal computers in the region is an increase in the number of adults in the United States who engage in online gaming.
- However, the ever-increasing price sensitivity of the features on these electronic devices is another factor contributing to the decline in demand for electronics. DRAM demand is expected to decrease in the market. Additionally, DRAM provides one-time investments for memory solutions because, barring significant damage, it has a long lifespan. However, DRAM manufacturing demand will consequently decrease, making it more difficult for market suppliers to compete.
