Price rises to drive memory markets up by 75% in 2024
Cette publication existe aussi en Français
The 2024 DRAM and NAND flash markets are going to increase year-on-year by 75 and 77 percent respectively, according to market analyst TrendForce.
The jump in values are a rebound after the markets fell in 2023. That rebound is driven by increased bit demand and rising average selling prices after the end of an oversupply, and the increased purchase of high-value products, such as high-bandwidth memory (HBM) format DRAMs, the company said.
The boom is expected to continue in 2025 with the DRAM market expected to increase by a further 51 percent and NAND flash by 29 percent. This will revive capital expenditure drives proving a boost for equipment and materials suppliers but will put price pressure on purchasers.
Annual global DRAM revenues and year-on-year growth 2017 to 2025. Source: TrendForce.
DRAM ASPs will increase by 53 percent in 2024 and by 35 percent in 2025 and DRAM revenue will reach US$90.7 billion in 2024 and US$136.5 billion in 2025. HBM is expected to contribute 5 percent of DRAM bit shipments and 20 percent of revenue in 2024.
TrendForce estimates that DDR5 will account for 40 percent of server DRAM bit shipments in 2024, increasing to 60 to 65 percent in 2025. LPDDR5/5X is expected to contribute 50 percet and 60 percent of mobile DRAM bit shipments in 2024 and 2025, respectively.
Annual global NAND flash memory revenues and year-on-year growth 2017 to 2025. Source: TrendForce.
NAND flash revenue will reach US$67.4 billion in 2024 and US$87 billion in 2025.
TrendForce estimates that quad-level-cell (QLC) will contribute 20 percent of NAND flash bit shipments in 2024, with this share expected to increase in 2025. In smartphone applications, QLC is expected to gradually penetrate the UFS market starting with Chinese smartphone makers in 4Q24 and with Apple expected to begin using QLC in iPhones in 2026.
Capital expenditures in support of DRAM and NAND flash production are expected to increase by 25 and 10 percent, respectively, in 2025, with the potential for further upward revisions.
Related links and articles:
News articles:
DRAM revenues up while shipments decline
Micron has also ‘sold out’ of HBM DRAMs for 2024
Micron ships 232-layer QLC NAND flash memory
DRAM, NAND flash prices could rise 60 percent in 2024
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
