Market Trends of Static Random Access Memory (SRAM) Industry
This section covers the major market trends shaping the Static Random Access Memory Market according to our research experts:
Consumer Electronics to Hold Significant Share
- The demand for cellular RAM is growing at a rapid rate and increasing the application of SRAM in cellular devices is expected to impact the market. Flash memory can be replaced by SRAMs, thus, providing several opportunities for the manufacturers. The increase in sales of smartphones is expected to increase the demand for mobile SRAMs, making smartphones the major revenue-generating source in the global mobile SRAM market.
- The requirements for high-speed performance are continuously increasing in consumer electronics owing to the rising need for memory density and high processing power while maintaining the cost of the product more or less intact.
- Equipped with advanced technologies such as IoT, AI, and big data analytics, the SRAM has the capability to address the requirements pertaining to processing speeds and memory density in the consumer electronics sector. It is coupled with the advanced technologies, can be used to store the vast amounts of data that is being generated in the industry.
- Cisco Systems estimates that the number of connected wearable devices worldwide could reach 1,105 million units by 2022 from 593 million units in 2018. This growth of IoT and wearable technology would provide adoption opportunities for the market studied.
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Asia-Pacific to Hold Major Share
- Asia-Pacific is anticipated to hold major share over the forecast period, mainly with the growing demand from China, Japan, and South Korea, owing to the presence of key industry participants. The rising popularity of smartphones and demand for newer memory technologies have increased the growth of computationally-intensive consumer electronics, thereby, creating a range of opportunities for SRAM in this region.
- For embedded high-speed applications, Static Random Access Memory (SRAM) continues to be the memory of choice, from mobile to high-performance servers being utilized in Asia-Pacific.
- System-on-chip (SoC) is one of the most modern forms of technology being underutilized and further research for high-speed applications is ongoing. This technology has nominated a large number of different research areas which would lead the existing technology towards one of the most widely used computing technology.
- Indian companies are positioning themselves to benefit from the shift to mobile devices, multimedia, networking and broadband applications, all of which are bolstering the demand for SoC technology. According to the International Technology Roadmap for Semiconductors (ITRS), embedded SRAM will continue to dominate the area of SoCs approaching 90% within 2020.
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