Stored as contagious chunks in memory
Has the smallest footprint of all the Data Structures
Array Lookup : addr(a[i]) = addr(a[0]) + i*size(object)

Arrays support Cache Locality which technically makes them faster than Linked List that is scattered all over memory

Application

Temporary Object Storage
Buffer
Lookup Tables
Return Multiple values from Function
Dynamic Programming

Time Complexity

Static ArrayDynamic Array
LookupO(1)O(1)
SearchO(n)O(n)
InsertionN/AO(n)
AppendingN/AO(1)*
DeletionN/AO(n)

When dynamic array has to be grown in size to accommodate new elements append operation is O(n)