PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1803346
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1803346
The global DRAM module and component market is poised for steady growth, projected to expand from USD 100.7 billion in 2024 to USD 113.9 billion by 2032, advancing at a compound annual growth rate (CAGR) of 1.7% from 2025 to 2032. Several key factors are expected to drive this growth, including the widespread adoption of IoT and 5G technologies, the growing number of data centers, and the increasing use of DRAM in a wide range of industries. As data centers continue to scale, there is a rising demand for advanced DRAM modules that can handle large workloads, boosting both chip production and module assembly. Furthermore, the popularity of smartphones, laptops, gaming consoles, and smart devices is also contributing to the growing demand for DRAM.
In particular, DRAM modules play a critical role in supporting high-performance applications such as gaming, high-performance computing, and AI-driven systems. Innovations in memory technologies, such as clock driver technologies CKD & RCD, are improving memory speed and stability, further driving demand for the latest DRAM modules. With an increasing reliance on smart technologies like AI, machine learning, and autonomous systems, industries such as healthcare, banking, and automotive are incorporating more DRAM into their operations to process vast amounts of data.
Key Insights
DDR SDRAM dominated the market in 2024, holding 80% of the market share and is expected to grow at the highest CAGR of 1.6%. DDR SDRAM remains the most common type of memory used in computers, smartphones, laptops, and gaming consoles, offering a good balance between speed and energy efficiency. Newer versions, such as DDR4 and DDR5, further enhance speed and performance, driving widespread adoption across data centers and consumer electronics.
The 6-8 GB memory category is expected to grow at the highest CAGR of 1.8% during the forecast period. This memory size is ideal for everyday tasks such as browsing, video streaming, and light gaming, making it a popular choice for mid-range smartphones and laptops.
The above 8 GB memory category held the largest share of 40% in 2024, driven by the growing demand for high-end smartphones, gaming laptops, workstations, and hyperscale data centers. These systems require more memory to support powerful tasks, including video editing, AI applications, and graphic-intensive gaming.
The mobile devices segment accounted for the largest share of 45% in 2024, driven by the continuous demand for smartphones and tablets. With billions of devices in circulation, DRAM is essential for ensuring fast performance and supporting applications like gaming, social media, and multimedia consumption.
The automotive sector is expected to grow at the highest CAGR of 2% during the forecast period. Modern vehicles, particularly electric and autonomous cars, rely on DRAM for advanced features like infotainment systems, digital dashboards, navigation, and driver assistance technologies. The rise of connected cars, capable of receiving real-time updates and running complex software, further boosts the demand for DRAM.
Asia-Pacific (APAC) held the largest market share of 65% in 2024 and is expected to grow at the highest CAGR of 2.5% during the forecast period. The region's strong electronics manufacturing base, particularly in countries like China, South Korea, and Japan, drives the demand for DRAM modules. Additionally, the government's focus on semiconductor production in India is expected to further accelerate the region's growth.
High Bandwidth Memory (HBM) is gaining traction for AI and high-performance computing (HPC) applications. With significantly higher speed and performance than traditional memory types, HBM is increasingly used in AI-driven technologies, such as large language models and data centers. The growing demand for AI applications, along with investments by companies like Micron and SK Hynix, is driving the adoption of HBM.
Data center expansion is one of the primary drivers for the growth of DRAM modules. As data centers require large amounts of memory to process vast amounts of data, the rise of cloud services, AI, and streaming platforms is contributing to the increasing need for high-performance DRAM. The global expansion of data centers, with more than 11,800 operational facilities worldwide, is expected to continue fueling DRAM demand.
The market remains fragmented, with a variety of players offering DRAM modules tailored for different applications, including mobile devices, gaming, AI, and data centers. Companies like Samsung, Micron, SK hynix, and Kingston are among the market leaders, while smaller companies focus on niche markets or specialized products, such as high-speed gaming memory modules or automotive-grade DRAM.