Kingston Technology Remains Top DRAM Module Supplier for 2023
• Recognized World Leader for 21 Consecutive Years
Fountain Valley, CA – November 13, 2024 – Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced it has been ranked top third-party DRAM module supplier in the world, according to the latest rankings by revenue from analyst firm TrendForce. Kingston retains its number 1 position with an estimated 68.8% market share. TrendForce states DRAM module sales in 2023 saw a 28% YoY decline across the industry. Kingston’s revenue showed a slight decrease but held its position as the global leader for the 21st consecutive year.
According to the report, the world’s top ten memory module houses accounted for 93% of total sales in 2023 with Kingston maintaining its dominant market share of 68.8%. The decline was mainly due to an inventory correction phase in the consumer electronics sector following the pandemic. This was exacerbated by high utilization rates among DRAM suppliers, which accelerated the price drop. However, the market started to recover in the second half of 2023. Consumer buying trends for electronic products took a hit following the pandemic but Kingston’s robust brand scale along with its comprehensive regional market layout limited its decline, keeping it firmly at the top of market share rankings.
According to the latest findings, shipments of branded SSDs in the retail market reached 118 million units in 2023, reflecting a 3.7% YoY growth. Most PCs are equipped with 256GB or 512GB SSDs, which often prove insufficient for gamers and high-performance users. As a result, many users upgraded to SSDs with over 2TB of storage, driving increased sales. TrendForce also noted that many PCs purchased during the pandemic have now entered their typical replacement cycle, further contributing to market growth.
In 2023, Kingston expanded its portfolio by introducing the Kingston FURY Renegade Pro DDR5 RDIMM, offering overclockable server-grade DDR5 memory tailored for creators, engineers, and data science professionals to support the demands of modern applications. Additionally, Kingston's 64GB, 32GB, and 16GB Server Premier DDR5 4800MT/s Registered DIMMs were validated for use with the 4th Gen Intel® Xeon® Scalable Processors (previously known as Sapphire Rapids). Kingston also refreshed the design of its Kingston FURY Renegade DDR4 memory, incorporating striking two-toned heat spreaders. Earlier in 2023, the company celebrated a major achievement of shipping over 100 million overclockable modules.
“The 2023 findings from TrendForce reflect the company’s ongoing strength and adaptability in the face of yet another demanding business year.” said Kristy Ernt, DRAM business manager, Kingston. “This milestone not only reaffirms Kingston’s dominant presence in the market but also underscores the company’s resilience and significance within the industry, as we now proudly maintain our top position for the 21st consecutive year.”
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About Kingston Technology Company, Inc.
From big data to IoT devices, including laptops, PCs, and wearable technology, Kingston Technology is dedicated to delivering top-tier product solutions, service, and support. Trusted by leading PC manufacturers and global cloud providers, we value our long-term partnerships that help us evolve and innovate. We ensure every solution meets the highest standards by prioritizing quality and customer care. At every step, we listen, learn, and engage with our customers and partners to deliver solutions that make a lasting impact. To learn more about Kingston Technology and our “Built on Commitment” vision, visit kingston.com.
Editor’s Note: For additional information, evaluation units or executive interviews, please contact PR Team, Kingston Technology Company, Inc. 17600 Newhope Street, Fountain Valley, CA USA 92708, 714-435-2600 (Voice). Press images can be found in Kingston’s press room.
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Kingston and Kingston logo are registered trademarks of Kingston Technology Corporation. IronKey is a registered trademark of Kingston Digital, Inc. Kingston FURY and the Kingston FURY logo are trademarks of Kingston Technology Corporation. All rights reserved. All trademarks are the property of their respective owners.
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