DRAM Module and Components Market worth $110.7 billion by 2027

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MarketsandMarkets Presents

DRAM Module and Components Market worth 110.7
billion by 2027 DRAM Module and Component Market
by Type (LPDRAM, DDR5, DDR4, DDR3, GDDR, HBM),
End-User Industries (Server, Mobile Devices,
Computers, Consumer Electronics, Automobiles),
Memory (above 8GB, 6-8GB, 3-4GB, 2GB) and
Geography - Global Forecast to 2027 https//www.m
arketsandmarkets.com/Market-Reports/dram-module-co
mponent-market-105922994.html
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According to the new research report, the "DRAM
Module and Component Market by Type (LPDRAM,
DDR5, DDR4, DDR3, GDDR, HBM), End-User Industries
(Server, Mobile Devices, Computers, Consumer
Electronics, Automobiles), Memory (above 8GB,
6-8GB, 3-4GB, 2GB) and Geography - Global
Forecast to 2027", published by
MarketsandMarkets, the global DRAM module and
components market was valued at USD 94.9
billion in 2021 and is expected to reach USD
110.7 billion by 2027, at a CAGR of 1.2 during
the forecast period from 2022 to 2027. The key
factors driving the growth of the DRAM module and
components market include emergence of 5G
technology, growth in demand for DRAM module and
components in automotive sector, growth in
adoption of high-end smartphones, and
others. Browse 140 market data Tables and 60
Figures spread through 200 Pages and in-depth TOC
on "DRAM Module and Component Market by Type
(LPDRAM, DDR5, DDR4, DDR3, GDDR, HBM), End-User
Industries (Server, Mobile Devices, Computers,
Consumer Electronics, Automobiles), Memory (above
8GB, 6-8GB, 3-4GB, 2GB) and Geography - Global
Forecast to 2027"
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LPDRAM Module and Component segment to account
for the largest share of DRAM module and
components market during the forecast
period LPDRAM Module and Component segment holds
the largest market share in the DRAM module and
components market by type and is expected to
retain its position during the forecast period
owing to the increasing applications of these
DRAMs in battery-operated devices such as
smartphones and tablets. The demand for
smartphones and tablets is increasing rapidly
every year, increasing the demand for LPDRAM
module and component as well. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id105922994 Servers application to
account for the largest share of DRAM module and
components market during the forecast period The
servers segment is expected to hold the largest
market share of the DRAM module and components
market during the forecast period due to the
increasing number of network users in the current
highly connected IT world. The number of servers
and data centers is increasing rapidly to manage
the growing crowd over the network.
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APAC to account for the largest share and
fastest growth of DRAM module and components
market during the forecast period APAC is
expected to be the largest as well as the
fastest-growing market of DRAM module and
components due to the presence of major providers
of memory technologies and early adopters of
advanced technologies, namely, artificial
intelligence (AI), Internet of Things (IoT), and
big data analytics, which widely utilize DRAM.
The established players in the market are
undertaking strategic collaborations and research
and development (RD) activities for the
advancement of memory technology and its
potential applications. The growing demand for
high-performance smartphones, tablets, and
automobiles is driving the growth of the DRAM
module and components market in APAC
countries. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id105922994 The novel coronavirus
has affected the global economy to a large
extent. The economies in APAC, including Japan, Ch
ina, South Korea, and India, have a significant
contribution toward the global economy as they
are home to various manufacturing and assembly
plants in the world. China, which is known as the
manufacturing hub of the world, faced a serious
economic crisis owing to the spread of the virus
and brought all economic activities to a
standstill for weeks. The other countries, such
as India, China, South Korea, and Japan, have
also witnessed a downfall in the economic
activities across various sectors.
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Some of the key companies operating in the DRAM
module and components market are 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. COVID-19 Impact on the Global DRAM Module
and Components Market The outbreak of COVID-19
has severely impacted the supply chain of mobile
devices, computers, and consumer electronics,
which are the leading end-user industries of the
DRAM module and components market. Lockdowns and
suspension of manufacturing operations have
further hampered economic growth and upended the
global semiconductor industry and created a major
chip shortage, affecting automobiles, computers,
and other industries worldwide. Nevertheless,
with this shortage comes the opportunity for
investments and the emergence of new players in
the semiconductor industry semiconductor
producers are now scrambling to increase
production.
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