Static Random-Access Memory (SRAM) Market Trends, Business Revenue Forecast Statistics and Growth Prospective
Static random-access memory (S-RAM or SRAM) is a semiconductor memory component capable of retaining data as long as power is being supplied. It is used in small memory banks, caches, and registers. The large number of computing, microprocessor, and consumer electronic applications can drive its need exponentially. The global static random-access memory market report by Market Research Future (MRFR) provides a detailed view of the industry replete with growth enablers and challenges for estimating revenue and growth trajectories for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact are analyzed at a granular level for providing an unbiased view.
Market Scope
The global Static Random-Access Memory (SRAM) Market was valued at USD 389.3 million in 2018 and is expected to reach USD 527 million by 2025. It can display a CAGR of 4.45% during the forecast period.
The ability to access data at high speeds and compatibility with low-power applications can drive the market. Shift to embedded SRAM in ASIC applications and customized applicatiosn can bode well for the market. Assembly of various consumer electronic devices and demand for quality semiconductor components can fuel the need for SRAM. The popularity of gaming and gaming devices can lead to its integration in latest system consoles. This is evident with Microsoft Corporation using SRAM in Xbox One systems which can accelerate file saving than traditional DDR3 RAM. Moreover, the integration of SRAM physical unclonable functions (PUF) on semiconductor chips for prevention of data theft can favor the market greatly.
But the complex architecture and expensive nature of the component can threaten market growth.
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Competitive Outlook
Lyontek Inc., Integrated Device Technology, Inc., ON Semiconductor, Integrated Silicon Solution Inc., Microchip Technology Inc., SemiLEDS Corporation, Cypress Semiconductor, Jeju Semiconductor, Renesas Electronics Corporation, Chiplus Semiconductor Corp., and others are key players of the global static random-access memory (S-RAM) market.
Segmentation
The global static random-access memory (SRAM) market has been segmented on the basis of type, memory size, and application.
By type, the global static random-access memory (SRAM) market has been segmented into serial SRAM, synchronous SRAM, laser asynchronous SRAM, pseudo SRAM, and others.
By memory size, the global static random-access memory (SRAM) market has been segmented into 8 KB–256 KB, 256KB–2 MB, and above 2 MB.
Based on application, the global static random-access memory (SRAM) market has been segmented into IT & telecommunication, automotive, consumer electronics, industrial, aerospace & defense, and others.
Regional Analysis
By region, the global static random-access memory (SRAM) market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Central & South America.
The APAC region is estimated to dominate the global static random-access memory (SRAM) market followed by North America. The wide consumer electronics customer base in China and the presence of major global foundries in APAC has led to the faster development of non-volatile memory technologies and has permitted the easy availability of products in the market. The launch of next-generation technologies and 3D packaging can induce the need for SRAM on chips. Furthermore, technological initiatives and investments by governments in the form of IT parks to promote the development of dynamic memory modules is further boosting the growth of the regional market.
On the other side, North America is expected to witness the fastest growth due to the increasing deployment of data centers in the region. According to the Washington State Department of Commerce, the US data center market is witnessing growth due to large storage options by consumers and enterprises. North Virginia has the largest data center market in the US. The focus on online gaming and sales of latest multi-player games can be fruitful for the global SRAM market in the region.
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