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ECC memory Market is estimated to grow at a significant rate by 2025 (SARS-CoV-2, Covid-19 Analysis)

ECC memory Market

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Error-correcting code memory Market. The growth sectors of the Error-correcting code memory Market are identified with precision for a better growth perspective.

The major factors driving the growth of ECC memory market are the growing number of data centers and servers, and increasing adoption of the internet of things technology. IoT adoption is being witnessed across various sectors including automotive, industrial, and infrastructure. With each development comes huge volumes of data that require high-end data processing capabilities with a differentiated storage portfolio. As a result, the demand for error coding, reliable, and cost-effective high-density ECC memory solutions is growing.

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The ECC Memory help in rectifying any physical or programming error while writing data on a memory chip. However, high fabrication and maintenance cost of ECC memory chips along with higher prices as compared to non-ECC memory than non-ECC memoy is expected to restrain the market growth.

Key Players

The key players in the ECC memory market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Micron Technology Inc (US), Kingston Technology Corporation (US), Other World Computing (OWC) (US), Lenovo Group Limited (China), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Dell Inc. (US), Transcend Information Inc. (Taiwan), SK Hynix Inc (South Korea), I’M Intelligent Memory Limited (US), Intel Corporation (US), IBM Corporation (US), Nemix RAM (US), Black Diamond Memory (US), Brute Network (US), and Adamanta Memory (US). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the ECC memory market.

Regional Analysis

The ECC memory market has been categorized into four regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is one of the major consumers of ECC memory. The demand in the region is anticipated to expand at a rapid pace owing to the expansion of applications in various industry verticals such as consumer electronics, automotive, and IT and telecommunications. The region has witnessed high demand for DRAMs in consumer electronic devices that require fast, non-volatile memory for smartphones, PC/laptops, and gaming consoles applications.

According to the GSM Association, over 70% of the users have adopted smartphones in the European region. Similarly, the increasing adoption of GPS and navigation systems in the automotive industry is also driving the ECC memory market. Moreover, the requirement of data centers in the region has increased over the years due to increasing cloud computing applications in verticals such as BFSI. This has further created the demand for ECC DRAM memory for servers.

The demand and supply of DRAM in China have seen a tremendous increase in the last decade and it is estimated to dominate the market during the forecast period. China is a major supplier of DRAM modules in terms of manufacturing used in consumer electronic devices. The wide customer base of consumer electronics in China and the presence of major global foundries in this region has led to the rapid development of non-volatile memory technologies and has facilitated the availability of products in the market. Furthermore, technological initiatives and investments by the government to promote the development of dynamic memory modules are further boosting the market.

The ECC memory market in Japan is also expected to witness significant growth from 2018 owing to the rapid developments in consumer electronics, rising adoption of IIoT, and growing utilization of fast and reliable memory components in consumer electronic devices. Moreover, strong presence of market players such as Micron Technology, Cypress Semiconductor, and Renesas Electronics contribute to the growing regional revenue. South Korea is an active semiconductor production hub. The semiconductor production ratio to its total annual exports increased from 12.6% in 2016 and 17.1% in 2017, to 21.2% in 2018. This significant growth rate is mainly due to consistent investments by major players in the development of memory solutions, technology upgrades, and capacity expansions. The high production rate of consumer electronics such as smartphones, laptops, and television sets among others accounts for the growing demand of ECC DRAM memory in the region.

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