Published: 02 May 2024
After demand recovers in 1H24 and excess customer inventory is consumed, DRAM market undersupply conditions will peak in 3Q24. This will result in DRAM revenue increasing by 67.4% in 2024 to reach $83.5 billion as pricing rebounds, encouraged by demand for AI and high-bandwidth memory.
The DRAM market entered undersupply conditions from 4Q23 which will last until 3Q25, with shortages of 3.1% in 2024 and 1.2% in 2025.
A server DRAM average selling price (ASP) increase will be front-loaded in the first half of 2024, with a 10% increase in 2Q24 and an overall increase of 28% through 4Q24, as demand for AI and high-bandwidth memory (HBM) remains strong.
Low-power DRAM (LPDRAM) pricing will increase by 36% between 1Q24 and 4Q24 due to higher demand for premium smartphones and an increasing undersupply in 2024.
DRAM revenue will increase by 67.4% to $83.5 billion in
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