NAND demand bits are expected to grow by 28.9%, while supply bits will grow by approximately 32.1%.



In PCs, the  proportion of DDR4 and LPDDR4X will fall further while the penetration rate of LPDDR5 and DDR5 will continue to rise. However, the price premium of DDR5 will limit the growth of density in PCs.

DRAM density in PCs is estimated to increase by approximately 7% annually in 2023. If manufacturers cut DDR5 pricing more aggressively next year, installed capacity may be driven up to 9%, depending on whether DDR5 price concessions can be effectively reconciled with DDR4.


In servers, the average  DRAM capacity increase is forecast to grow approximately 7% in 2023.

Mobile DRAM density is estimated to increase by only 5% annually in 2023

NAND Flash oversupply will continue into H1 with a reduction in NAND Flash pricing  increasing the shipment ratio of SSDs above 4TB. The average annual growth rate of enterprise SSD capacity in 2023 is estimated to be 26%.

2023 growth of smartphone NAND Flash density is forecast to be maintained at 22.1%, slightly lower than that in 2022.