Dynamic Random Access Memory Market Top Worldwide Key Players - ELECTRONICS, NANYA TECHNOLOGY, WINBOND ELECTRONICS, MICRON TECHNOLOGY, POWERCHIP TECHNOLOGY

The global dynamic random access memory (DRAM) market is expected to reach a value of USD 76.9 billion by end of 2023.
DRAM has applications in various electronic devices, such as PCs, smartphones, music players, laptops, netbooks, and tablet computers. High growth in the smartphone & tablet market has increased the growth of the mobile DRAM market. With the boost in enterprise architecture and cloud computing, the computing DRAM market is expected to witness significant growth during the forecast period.

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Major Players:
ELECTRONICS CO. LTD, NANYA TECHNOLOGY CORPORATION, WINBOND ELECTRONICS CORPORATION, MICRON TECHNOLOGY, POWERCHIP TECHNOLOGY CORPORATION, INTEL CORPORATION, AND TEXAS INSTRUMENTS, amongst others.

Key Developments in the Market
March 2017 - Micron Technology, Inc., semiconductor systems, announced that it successfully won the auction for Cando Corporation assets, which will be utilized in establishing a back-end site for Micron Taiwan.

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Increasing Penetration of Smartphones in Developing Countries
Mobile DRAM finds its major applications in smartphones. The use of DRAM in smartphones is increasing with the development of smartphones with high storage capacity. The increased use of mobile DRAM in tablets and computers is also impacting the growth of DRAM. The global smartphone market is expected to witness a growth rate of more than 11%. The increase in urbanization, increase in per capita income, decline in the ASP of smartphones and tablets, and the need for technologically sound headsets are some of the key factors responsible for the growth of the mobile & tablet market.

Asia-Pacific to Occupy Significant Market Share
Asia-Pacific is expected to witness highest growth rate, mainly with the growing demand from China, Japan, and South Korea, and owing to the presence of key industry participants. The rising popularity of smartphones and demand for newer memory technologies have driven the growth of computationally intensive consumer electronics, thereby creating a wide range of opportunities for DRAM in this region.

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This release was published on openPR.