Static Random-Access Memory (SRAM) Market Research Report - Forecast till 2027

Static Random-Access Memory (SRAM) Market Research Report: By Type (Asynchronous SRAM, Pseudo SRAM, Serial SRAM, Synchronous SRAM, Others), Memory Size (8 Kb–256 Kb, 256Kb–2 MB, Above 2 Mb), Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics, IT & Telecommunication, Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa, Central & South America) - Forecast till 2027

ID: MRFR/SEM/6918-HCR | February 2021 | Region: Global | 111 pages

Static Random Access Memory (SRAM) Market Synopsis

Static Random Access Memory (SRAM) Market was valued at USD 389.3 million in 2018. SRAM 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 is considered the simplest type of memory, with complex infrastructure comparatively. The memory is primarily manufactured to act as an interface between the device and CPU. The increasing end-user applications of SRAM such as compact discs, digital cameras, routers, printers, advanced medical imaging systems such as portable ultrasound scanners; printers are propelling the overall growth of the Static Random Access Memory industry. On the other hand, the demand for retaining the data after loss of power has increased the demand for the Static Random Access Memory units. The advancements in shrinking the size of SRAM, the changes in the alignment of the internal structure are expected to boost the Static Random Access Memory market growth in the forecast period. The expensive nature of SRAM at its manufacturing stage is considered as the major restraining factor in the industry. However, the major crucial applications are supporting the Static Random Access Memory market growth.

COVID 19 Analysis:

The COVID 19 has brought in several changes in the manufacturing and delivery process in the industrial sectors. The business operators are increasingly adopting alternatives and trying to carry out business continuity plans. These factors have propelled the businesses and industrial sectors have increased the demand for faster data processing and efficient data managing in recent times. Thus COVID 19 pandemic has increased the overall growth of the Static Random Access Memory industry.

On the other hand, several end-user applications such as automotive, industrial, defense, aerospace, consumer electronics are increasingly utilizing the SRAM in their industries to further develop their industry.

Market Dynamics:

Market Drivers:

The comparative advantages of SRAM over DRAM are considered by the manufacturers of electronic equipment and other end-user application industries. The faster processing speed of SRAM over DRAM, faster accessibility of data when compared to DRAM, lesser power consumption are some of the key advantages of SRAM which propels the overall growth of the Static Random Access Memory industry.

The intensive utilization in the highly complex Application Specific Integrated Circuit applications, the intensive growth of those applications is driving the Static Random Access Memory market growth.

Market Opportunities:

The SRAM storage technologies are widely used in the applications such as modern electronic equipment, microprocessors, automobile equipment, compute cache memory, cell phones, and digital cameras, and so on. Therefore SRAM is considered as the imperative memory storage in the market. Especially SRAM is intensively used in portable ultrasound scanners, which require a non-volatile memory unit, the device involves identification and configuration information, and retaining the previous configurations also important. Therefore nvSRAMs are used in such cases, which are compact yet offer zero risk of losing data. Therefore, the increasing demand for medical imaging equipment is boosting the Static Random-Access Memory (SRAM) market growth.

Due to the infinite endurance and long-lasting data retention, nvSRAMs are intensively used in automotive crash recorders, the crucial logistics companies make use of Event Data Recorder to monitor the position of the vehicle and cause of the event. The Event Data Recorder is generally triggered when the device sense sudden changes in the wheel speed, electrical problems sensed in the engines or changes in the engine. The increasing development in various application verticals is expected to boost the Static Random-Access Memory market in the forecast period.

Market Restraints:

The complex architecture of SRAM and the higher manufacturing cost are considered as the primary restraints for the overall growth of the Static Random Access Memory industry.

The manufacturers of chips are striving hard to shrink the overall size of SRAM so that it can be utilized in compact applications and the growing trend of compact-sized consumer electronics. Shrinking the size of the SRAM bit cells while retaining the power and performance has been a challenge for the manufacturers. Such factors are considered as the major restraining factor for the Static Random Access Memory market growth.

Market Challenges:

To combat the scaling issue of SRAM, the manufacturers are adopting difficult procedures and design techniques to shrink every SRAM bit cell in the processors and other areas. 

The SRAM is used in a wide range of applications in recent times. However, the cost of the device is affected by the usage of SRAM in such end-use applications. The smart meters, which utilize SRAM for data storage, are highly deployed in several developed regions of the world. The demand for such products is affected by ost incurred for the manufacturing of SRAM.

Cumulative Growth Analysis:

The SRAMs are intensively utilized in the chips for the satellites, chips used in cell phones, voice recorders, and bitcoin miners, and such applications are highly complex and require stability in storage in minimal power consumption. The increasing demand for Application-specific Integrated Circuits in the field such as aerospace, voice recorders, and their increased production rate in recent times have significantly impacted the Static Random Access Memory market growth.

The Static Random Access Memory Market value was at USD 389.3 million in the year 2018 and is expected to surpass the market value of USD 527 million by the year 2025 while registering a CAGR of 4.5%. The on-chip SRAM was utilized in the automotive industry to enable the automated driving criteria which enable a safe and reliable driving experience. The advancements in the automotive industry and the increasing investments and emerging market players in the automotive industry are further propelling the overall growth of the Static-Random Access Memory industry.

Value Chain Analysis:

The potential advantages of SRAM such as easy interfacing, easier to work since there is no need for refresh cycles, easy accessibility of address and data buses are stimulating the overall growth of the Static Random Access Memory market growth. Recent endeavors are to equip advanced technologies such as big data, AI, IoT into the manufacturing of SRAM to increase the storage space and to increase the processing speeds as well. A recent study by Cisco system states that there would be about 1105 million wearable devices purchased by people by the year 2022. Such factors are propelling the Static Random-Access Memory market growth. 

On the other hand, the inevitable demand for hard drives, digital cameras, routers, printers, compact discs is propelling the Static Random Access Memory market growth. 

Segment Overview:

Based on Type:

  • Laser asynchronous SRAM

  • Pseudo SRAM

  • Serial SRAM

  • Synchronous SRAM

Based on Memory Size:

  • 8 Kb–256 Kb

  • 256Kb–2 MB

  • Above 2 Mb.

Based on Application:

  • Automotive

  • Industrial

  • Aerospace & defense

  • Consumer electronics

  • IT & telecommunication

Regional Analysis:

Asia Pacific region is expected to project higher Static Random Access Memory market value in the forecast period. The emerging global foundries across the Asia-pacific region are fuelling the overall growth of the Static Random Access Memory industry. On the other hand, the increasing demand for wearable and consumer electronics in the countries such as China, India are further stimulating the Static Random Access Memory market growth. China is considered to possess a huge consumer base for consumer electronics. 

North America is also expected to project steady growth in the forecast period, owing to the increasing number of data centers in the region. The presence of renowned market players in North America and end-user industries in the region are presenting lucrative opportunities for the Static Random Access Memory market growth. The development in the industries and increasing adoption of on-premises and on-cloud databases for handling the huge amount of data is fuelling the Static Random Access Memory market growth.

Competitive Landscape:

  • 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)

  • Renesas Electronics Corporation (Japan) 

Recent Developments:

Recently the second generation SRAM was introduced in the market which is considered to be non-volatile memory storage, unlike previous versions. The company has introduced the SRAM as a package with 32 pins 300 mil DIL.

The recent development of 6T SRAM cells with multi-threshold and fingering techniques is expected to process at a higher speed with enhanced stability to address the power leakage issue. The advent of handheld devices and developments in such devices has significantly reduced the size of the device, which demands higher memory storage in a compact size. The UMC 55nm technology is deployed to build this advanced SRAM.

Report Overview:

This report has covered:

  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments

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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.