China Dynamic Random Access Memory (DRAM) Market Size (2024 - 2029)

China Dynamic Random Access Memory (DRAM) Market Analysis

The China Dynamic Random Access Memory Market size is estimated at USD 21.82 billion in 2024, and is expected to reach USD 26.48 billion by 2029, growing at a CAGR of 3.95% during the forecast period (2024-2029).

As consumers nowadays require safe data storage systems with increasing capacities due to the growing adoption of modern communication and advanced digital technologies, the demand for advanced memory solutions such as DRAM is growing.

• DRAM, or dynamic random access memory, is a specific type of RAM (random access memory) that is widely adopted in modern desktops, laptops, and other computing systems. DRAM acts as a temporary memory bank for a computer where data is stored for quick, short-term access as they are significantly faster than storage devices such as SSDs.
• China is among the major consumer of DRAMs as the country has witnessed rapid infrastructural growth in recent years, which has significantly enhanced the penetration of advanced digital technologies and computing devices. According to the National Bureau of Statistics of China, the share of e-commerce in total retail sales of consumer goods in China reached 27.2% in 2022. The growth of e-commerce has positively impacted the adoption of computing devices.
• The growing urbanization rate is also positively influencing the growth of the market in China as it has significantly enhanced the demand for mobile computing devices such as smartphones, tablets, and laptops. With the government focusing on further increasing the rate of urbanization, the demand for such products is anticipated to grow, creating demand for DRAMs. For instance, according to the National Bureau of Statistics of China, approximately 65.2% of the total population in China lived in cities in 2022.
• The IT and data center industry is also flourishing in the country amid the growing amount of data generated each year. For instance, China's National Development and Reform Commission (NDRC) has recently unveiled its plans to establish four more data center mega clusters across the country. Such trends also favor the studied market's growth in the country.
• However, technical limitations of DRAM, such as a higher power than SRAM because its capacitors need to be recharged often to maintain their charge, is among the major factor challenging the studied market's growth in the country. Additionally, the US-China trade dispute is creating barriers to the development of the DRAM market in China.

China Dynamic Random Access Memory (DRAM) Industry Segmentation

Dynamic random access memory, or DRAM, is a type of random access memory (RAM) device that stores data on a different capacitor. This type of memory device is significantly faster than other memory types, such as solid-state drives (SSDs). Hence, its adoption is increasing in modern computing and storage devices.

The study comprehensively analyzes DRAMs' demand, technological trends, and growth trends across various end-user industries in China. The study also analyzes the recent developments and changing market dynamics to provide a holistic overview of the market opportunities. The study segments the market by architecture and application and includes a section analyzing the impact of COVID-19 on China's DRAM industry. The market sizes and forecasts are provided in terms of value (USD billion) and volume (billion units) for all the above segments.