ID: MRFR/SEM/6918-HCR | February 2021 | Region: Global | 111 pages
Static Random Access Memory Market Synopsis
The Static Random Access Memory Market was valued at USD 389.3 million in 2018. Static Random Access Memory Market is expected to reach USD 527 Million by the end of the forecast period at a CAGR of 4.45%.
Static random-access memory or static RAM or SRAM stores data bits in the memory only when a power source is applied to it. The memory is designed to provide an interface with the CPU which is difficult to be provided using DRAMs. One of the advantages of this memory is that it can access data with relatively high speeds and is suitable for use in low-power applications. Although this memory can operate at high-speeds, it is expensive to manufacture SRAM owing to their complex internal structure. Apart from this, the applications of SRAM can be seen in hard drives as disc cache, digital cameras, modem, routers, printers, compact discs (CDs), and digital versatile discs (DVDs).
The shift from static RAM to embedded SRAM in highly complex ASIC applications and application-specific standard product designs has attributed to the growth of the Static Random Access Memory Market. In addition to this, the advancements in packet-switched next generation network (NGN) has also fuelled the adoption of SRAM for high-performance networking and telecommunication equipment. However, the complex architecture of SRAM might hamper the market growth during the forecast period.
The SRAM Market has been segmented on the basis of type, memory size, application, and region.
By type, the static random-access memory (SRAM) market has been segmented into laser asynchronous SRAM, pseudo SRAM, serial SRAM, synchronous SRAM, and others.
By memory size, the 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 static random-access memory (SRAM) market has been segmented into automotive, industrial, aerospace & defense, consumer electronics, IT & telecommunication, and others.
By region, the static random-access memory (SRAM) market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.
The Static Random Access Memory Market is estimated to grow at a staggering rate during the forecast period from 2019 to 2025. The geographic analysis of the SRAM Market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.
As per MRFR analysis, the Asia-Pacific region is estimated to dominate the Static Random Access Memory Market, followed by North America, Europe, and rest of the world. The wide consumer electronics customer base in China and the presence of major global foundries in Asia-Pacific has led to the faster development of non-volatile memory technologies and has permitted the easy availability of products in the market. Furthermore, technological initiatives and investments by the government to promote the development of dynamic memory modules is further boosting the growth of Asia-Pacific market. On the other side, the North American market is expected to witness the fastest growth due to the increasing deployment of data centres in the region. According to the Washington State Department of Commerce, the US data center market is witnessing growth both in terms of new construction and absorption. North Virginia has the largest data center market in the US.
Static Random-Access Memory (SRAM) Market, USD Billion
Source: MRFR Analysis
The manufacturers in the Static Random Access Memory Market are primarily focused on developing modules based on SRAM technology resulting in global expansion and solidifying their position in the global market. Since SRAM is highly efficient and is suitable for operations in low-voltage applications, manufacturers are aiming at integrating this memory in several consumer electronic and automotive applications. Moreover, as a part of their market development strategy, these companies focus on inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain competitive advantage in the global static random-access memory (SRAM) market.
For the purpose of this study, MRFR has identified a few companies as prominent players in the Static Random Access Memory Market. These include ON Semiconductor (US), SemiLEDS Corporation (Taiwan), Chiplus Semiconductor Corp. (Taiwan), Integrated Silicon Solution Inc. (US), Cypress Semiconductor (US), Integrated Device Technology, Inc. (US), Lyontek Inc. (Taiwan), Jeju Semiconductor (JSC) (South Korea), Microchip Technology Inc. (US), and Renesas Electronics Corporation (Japan). These companies are analyzed on the basis of their geographic presence, origin, product portfolio, key developments, and expertise in the laser projection technology. Apart from the above-mentioned players, Alliance Memory, Inc. (US), GSI Technology, Inc. (US), AMIC Technology Corporation (US), Maxwell Technologies (US), Pyramid Semiconductor Corporation (US), XPERI CORPORATION (US), and TowerJazz (US) too have a significant presence in the SRAM Market.
Frequently Asked Questions (FAQ) :
At 17% CAGR, the SRAM market is expected to value at USD 547.15 billion by 2023.
GCL System Integration (Hong Kong), Hanwha Q CELLS Co., Ltd. (South Korea), and Sharp Corporation (Japan) are some renowned players of the market.
Unpredictable weather condition and complex function are can resist the SRAM market expansion.
In 2017, the SRAM market valued at USD 225.6 billion.
The high consumption of renewable energy can impel the APAC SRAM market in the study period.