Kingston Technology has maintained its spot as the top DRAM module supplier in the world for another consecutive year, according to a report by analyst firm TrendForce. For the 21st year in a row, Kingston was able to retain its number 1 position in 2023, with a market share of 68.8%, in spite of a 28% year-on-year decline in DRAM module sales for the year.
Here’s a snippet from the announcement:
“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.”
In 2023, Kingston once again expanded its portfolio by introducing its Kingston FURY Renegrade Pro DDR5 RDIMM modules while also releasing a refreshed design for its Kingston FURY Renegade DD4 memory. The company’s Server Premier DDR5 4800MT/s Registered DIMMs were also validated for use with the 4th Gen Intel Xeon Scalable Processors during that time.
“The 2023 findings from TrendForce reflect the company’s ongoing strength and adaptability in the face of yet another demanding business year.” said 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.”