Global DRAM Market Rebounds in 2024, Top Players Dominate
The global DRAM module market experienced a strong recovery in 2024, with total revenue reaching USD 13.3 billion, a 7% increase from the previous year. Despite this growth, market leader Kingston faced slower revenue growth due to weaker consumer demand in the stock market today's second half of the year.
The top five manufacturers captured 81% of the total global revenue, with the top eight accounting for 83%. Samsung, SK Hynix, Micron, Nanya, and another major competitor remained the leading players. Among them, Nanya showed the strongest revenue growth, benefiting from increased DDR4 sales while others phased out production.
Patriot Memory's diversified portfolio across consumer, gaming, and industrial control sectors contributed to a 12% YoY growth, securing the fifth position. Similarly, Kimtigo broadened its channels, projecting a 10% revenue increase. ADATA's aggressive shipments in the first half of 2024 resulted in a 20% revenue rise, earning it the second spot. Team Group's focus on gaming and enterprise server DRAM projects led to a 59% revenue increase, placing it fourth. Innodisk's expansion into edge AI products and new markets also increased revenue and climbed it to sixth place.
Despite the market's overall growth, the latter half of 2024 saw a decline in demand momentum due to rising module prices. Manufacturers shifted focus to HBM and server DDR5 products, tightening supply for other DRAM types and increasing prices. Kingston, despite retaining a strong 66% market share, faced slower revenue growth due to these stock market dynamics. The leading manufacturers continue to dominate the market, with Nanya showing significant revenue growth.
