Static RAM (SRAM) market to reach $ 527 million by 2025
New York, United States, August 6, 2021 (GLOBE NEWSWIRE) – SRAM Market Overview:
According to a comprehensive research report from Market Research Future (MRFR), “Global SRAM Market Insights by Type, Memory Size, Application, and Region – Forecast to 2027”The market was valued at USD 389.3 million in 2018 and is expected to reach USD 527 million by 2025 at a CAGR of 4.45%.
SRAM Market Scope:
Static Random Access Memory (SRAM) is a memory technology imperative for many designs that require fast access and the ability to retain data without memory refresh cycles. SRAM retains data when powered on and is used for variables, running programs, and temporary storage. However, SRAM cannot be used to store permanent data such as device configuration, files or saved data because memory cells use transistors to maintain state.
The Major Key Players in the Covered SRAM Market are:
- SemiLEDS Corporation (Taiwan)
- ON Semiconductor (United States)
- Chiplus Semiconductor Corp. (Taiwan)
- Cypress Semiconductor (United States)
- Integrated Silicon Solution Inc. (United States)
- Integrated Device Technology, Inc. (US)
- Jeju Semiconductor (JSC – South Korea)
- Lyontek Inc. (Taiwan)
- Microchip Technology Inc. (United States)
- GSI Technology, Inc. (United States)
- Alliance Memory, Inc. (US)
- AMIC Technology Corporation (United States)
- Pyramid Semiconductor Corporation (United States)
- Maxwell Technologies (United States)
- TowerJazz (United States)
- XPERI CORPORATION (United States)
- Renesas Electronics Corporation (Japan).
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Static RAM Market Drivers:
Over the past few years, SRAM has continuously enjoyed tremendous success due to its use in various applications. It is, in general, very attractive due to the use of Quantum Trapping technology which faces degradation of shadow memory due to frequent ascents and descents. The static random access memory market is growing rapidly, with the increasing demand for highly scalable memory devices and the increasing uses of connected and portable devices.
Static RAM is quite fast and works differently from DRAM due to the shorter access time. In addition, static random access memory is ideal for creating a speed sensitive cache.
Unlike dynamic RAM, SRAM does not need to be refreshed periodically. This allows for faster and better functionality, but it also consumes more power and increases the total cost of using this type of RAM. However, SPRAM requires a constant power supply and costs significantly more, making it a poor option for economy applications. In addition, SPRAM has low packaging density and less storage capacity for physical size compared to DRAM.
Browse the in-depth market research report (111 pages) on the Static RAM Market:
The Asia-Pacific region dominates the global static RAM market. The region is experiencing faster developments in non-volatile memory technologies and has allowed the easy availability of products in the market.
Additionally, the largest market share is attributed to the large consumer electronics customer base and the presence of large global foundries in this region. Government initiatives and investments to promote the development of dynamic memory modules increase the region’s SRAM market share.
North America ranks second in the world in terms of static random access memory market revenue. The market is dominated by the presence of many notable players and well established end user verticals in the region. In addition, the wide adoption of SRAM technologies in an increasing number of applications promotes the size of the SRAM market.
Moreover, the increasing investments in technological developments are propelling the growth of the regional market. The vast demand for reliable backup and recovery systems is supporting the market growth in the region. The United States, with a growing number of data centers, dominates the regional market, followed by Canada.
Europe is witnessing a dramatic increase in the market value of static RAM. Market growth is being driven by the increasing deployment of data centers and the growing number of businesses and technology upgrades in the region. Germany, France, Italy and the United Kingdom are the main contributors to the growth of the regional market.
Stable economic growth is a significant tailwind behind regional market growth. Additionally, the growing adoption of on-premise and cloud-based database infrastructure in SMBs and large enterprises is boosting the SRAM industry in the region.
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Market segmentation covered by research:
The SRAM market forecast is segmented into type, memory size, application, and regions. The type segment is sub-segmented into Asynchronous Laser SRAM, Pseudo SRAM, Serial SRAM, Synchronous SRAM and others.
The memory size segment is sub-segmented into 8KB to 256KB, 256KB to 2MB and above 2MB. The applications segment is sub-segmented into Automotive, Industrial, Aerospace & Defense, Consumer Electronics , IT and telecommunications, etc.
The increasing demand for static random access memory in many applications requiring high performance, low power consumption, and high endurance is a major trend positively impacting the growth of the market. In addition, the increasing use of SRAM in hard drives as disk cache, digital cameras, modems, routers, printers, compact discs (CDs) and digital versatile discs (DVD) confirms the growth of the market.
In addition, the increasing adoption of static RAM to integrated SRAM in highly complex ASIC applications and application-specific standard product designs are major industry trends. Advances in next-generation packet-switched (NGN) networks have also driven the adoption of SRAM for high-performance telecommunications and networking equipment. The great popularity of SPRAM in IT, telecommunications and automotive industry is influencing the growth of the market.
Impact of COVID-19 on the Global Static SRAM Market
The static random access memory market has been significantly impacted by the COVID-19 crises around the world. The pandemic has caused significant loss of income for most industries. However, the need for fast processing and big data even at low power has increased its uses in various verticals, which has driven the demand for SRAM globally.
The pandemic has also accelerated the adoption of SPRAM in applications such as automotive, industrial, aerospace and defense, consumer electronics, computing and telecommunications. This has put further emphasis on advancing and rationalizing telecommunications capabilities. It is estimated that the static random access memory market will continue to grow significantly during the evaluation period.
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