Market Size of Europe 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 | 2.42 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Dynamic Random Access Memory (DRAM) Market Analysis
The European dynamic random access memory (DRAM) market is valued at USD 20.01 billion in the current year. Over the projection period, it is anticipated to record a CAGR of 2.42% and reach USD 23.08 billion.
- The need for cloud computing and a high-speed connection is projected to drive growth in the dynamic random access memory (DRAM) market, especially for regional data centers. Solutions with high memory density and low power consumption meet the demands of cloud computing services for high-speed data transfer, cooling, and backup.
- Since they are regularly found in 3D games, personal computers, laptops, and equipment that play high-definition movies, several major industry manufacturers are even focusing on developing new graphics DRAM chips with faster speeds and greater power efficiency.
- Europe has a burgeoning market for data centers. The amount invested in data centers in Europe is breaking records due to the surge in demand. The FLAP areas (Frankfurt, London, Amsterdam, and Paris), where the bulk of demand is sought, remain the leading data center markets. The need is skyrocketing and is increasing. Large markets like Frankfurt and London have seen an increase in foreign direct investment. However, colossal cloud providers and internet companies that use hyperscale data centers account for a substantial portion of the demand. These emerging trends may propel the market's growth in the region.
- According to the EU Chips Act, Europe is promoting the capacity of advanced semiconductor products and tools. The most recent generation of AI applications, computers, data centers, smartphones, supercomputers, and memory depend on advanced node processors. In contrast, trailing node chips are largely required by the automotive sector, home appliances, medical equipment, and most industrial facilities. This trend may also be effective in the market's growth during the projected period.
- During the COVID-19 pandemic, PCs, tablets, and mobile phone sales declined drastically. Consequently, the demand for DRAM manufacturing was also impacted. As the demand declined in the market, the price of DRAM increased, which was one of the restraints for the market's growth in the region.
