04 Mar 2024 -
 General

DRAM market boom, set to soar in ’24

server DRAM

The market for DRAM (Dynamic Random-Access Memory) chips is experiencing remarkable growth. According to market research firm TechInsights, global DRAM sales jumped a staggering 79% year-on-year in the week ending February 16th, 2024. This surge is echoed in the 13-week moving average, which also reflects a 79% year-on-year increase.

TechInsights forecasts this positive momentum to continue throughout 2024, predicting a 46% year-on-year growth in global DRAM sales, reaching a total of US$78 billion. This significant rise comes after a period of decline in 2023, highlighting a potential turning point for the DRAM market.

Furthermore, the report reveals a continued upward trend in retail prices of electronics. This trend is attributed to strong demand for terminal equipment such as mobile phones and laptops, suggesting a robust consumer appetite for electronics despite rising costs.

Thousands of senior engineers and procurement professionals subscribe to our LinkedIn Market Intel newsletter – get yours here

For more help with looking at supply chain options, contact Astute Electronics

Related News

18 Jul 2024 - General

New Study Unveils Significant Value of Authorised Electronics Distributors

Read more

16 Jul 2024 - Defence

Astute Group Strengthens Embedded Computing Portfolio with AiTech Systems Distribution Deal

Read more

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more