Kingston holds global DRAM module lead with 62% share

Kingston retained the top position in the global third-party DRAM module market, with a 62% revenue share, according to TrendForce.

TrendForce estimated that the global DRAM module market generated USD $21.2 billion in revenue in 2025, a 59% year-on-year increase and a sharp acceleration from 7% growth in 2024.

Kingston's revenue in the segment rose 48% year on year in 2025, the rankings showed. The top five DRAM module suppliers accounted for 77% of total market revenue, leaving Kingston with nearly two-thirds of the market on its own.

The market shifted during the year. In the opening months, module makers built up DDR4 inventory in response to tariff concerns and plans by DRAM suppliers to phase out DDR4 products.

Later in the year, demand from cloud service providers supporting agentic AI workloads lifted server DRAM consumption. That reduced the amount of DRAM available for PC and consumer uses, pushing memory prices higher and improving conditions for module suppliers.

The shift also underlined how enterprise, data centre and AI infrastructure demand is shaping the market. Kingston pointed to those areas as key parts of its expanding B2B activity.

Market shift

TrendForce also noted a broader change in supplier focus across the industry. During 2025, DRAM module manufacturers increasingly targeted industrial and enterprise server markets while shifting their portfolios towards DDR5 products.

That transition matters because it points to where suppliers expect demand and margins to develop. It also reflects the declining emphasis on older PC and consumer segments as large-scale computing workloads take a greater share of available memory supply.

Kingston said its procurement scale helped it manage inventory through 2025. As DRAM prices strengthened in the second half, it said it was able to meet channel demand more aggressively, contributing to its annual result.

Beyond the channel business, Kingston said its B2B operation posted strong growth during the year. It said enterprise, data centre and industrial customers were seeking supply continuity, validated products and long-term support.

Its product range spans DDR4 and DDR5 memory for client PCs, gaming systems, servers, data centres, AI infrastructure, industrial systems, embedded deployments, surveillance and automation. That breadth reflects how memory suppliers are trying to serve a wider set of customers as demand patterns become more uneven across end markets.

Competitive backdrop

The rankings come amid a year of unusual pricing and supply dynamics in memory. Rising DRAM prices supported revenue growth across the market, while shipment volumes also improved in the second half, giving suppliers a second tailwind.

For Kingston, the result extends a long run at the top of the market. It said it has now been recognised as the leading supplier in the segment for 23 consecutive years.

Industry concentration remains notable but not absolute. While the five largest suppliers took just over three-quarters of market revenue, the rest was split among a broader group of competitors, showing that scale remains important but the market is still contested outside the leading tier.

Kingston attributed its position to supplier relationships, inventory management and its customer base across both channel and business markets.

"Maintaining our leadership position in a dynamic and rapidly evolving memory market reflects Kingston's long-term strategy, strong supplier relationships, and commitment to serving customers worldwide," the company said.

"Our ability to anticipate market transitions, manage inventory effectively, and provide reliable memory solutions enabled us to support partners and customers throughout the year. At the same time, Kingston's B2B business has become a key growth engine, as enterprise, data centre, and industrial customers increasingly rely on Kingston for supply continuity, validated solutions, and long-term support. With memory solutions spanning every major DRAM application, from client PCs and gaming systems to servers, data centres, and AI infrastructure, we are well positioned to help customers scale and innovate wherever their workloads take them."