NAND Market Monitor

MARKET

• 2023-2031 Timeframe
• Device units
• Value
• Wafer (device)
• Equipment
• Materials

PLAYERS

• Market shares
• Business news
• Ecosystem / Supply chain
• Strategy / Financial analysis

 

• Depth analysis
• MarketShare
• Demand/Supply
• Unit Shipment
• Capacity ExpansionNAND Technology

 

TECHNOLOGY

• SLC
• ML
• TLC
• QLC
• PLC
• 3D NAND Layers Roadmaps
• Hybrid Bandwidth Flash (HBF)
• Fabs/wafers

 

• TechnologyRoadmap
• Technologystatus

Monitor’s objectives

Provide a comprehensive guide to the dynamic NAND flash market, including: 

• Overview of current market and competitive dynamics that will shape the market in the coming quarters/years 
• Impact of geopolitical issues (e.g. US/China relations) on the NAND market 
• Historical data that provides context for the long-term outlook: market shares, supplier profitability, capex, etc. 
• Current drivers of NAND and SSD demand, including by end device, memory content, and technology type 
• Technology trends by supplier, including roadmaps, layer count, stacking, and hybrid bonding developments
• Wafer capacity evolution by supplier

AI demand drives NAND flash shortage and sharp price surg

In 2H25, AI computing demand extends beyond HBM, driving growth in both compute and data storage, significantly impacting the NAND Flash market. Surging demand is reshaping the industry, rapidly shifting from oversupply to shortage. Starting Q3 2025, NAND Flash prices rose over 35% QoQ, and are projected to nearly double (+96%) in 2026, pushing total market value to $164B.

The supply shortage is not only driving prices higher but also reshaping end-market supply. Memory vendors are prioritizing cloud service providers (CSPs), while mid- to low-end PCs, smartphones, and consumer electronics face supply constraints and cost pressure, leading to expected demand softness.

NAND Flash Monitor Q1-26 Highlight:

• Quarterly revenue surpassed $42B (+78% Q/Q), a new record, as ASP strength (+82% Q/Q) more than offset a dip in bit shipment (-2% Q/Q).
• eSSD revenue reached a record $16B (+87% Q/Q), underpinned by datacenter demand, bit shipments (+12% Q/Q), and favorable pricing (+67% Q/Q). 
• Q1-26 industry margin expanded 25pps Q/Q to 58%, 4th consecutive quarter of improvement.
• Rare convergence of tailwinds drove an accelerated rising price environment - supported by adjacent HDD supply tightness, lean NAND inventory, and strong datacenter demand.

NAND market overview

• Executive summary – market dynamics
• Current events
• Market summary, near- and long-term
• Revenue – historical & forecast
• Shipments
• Pricing
• Operating margins
• Sufficiency
• Near-term supply & pricing outlook
• Capex (overview, WFE, Hybrid bonding,…)

NAND market shares 

• Revenue share
• Bit shipment share
• Regional shares
• Segment shares
• cSSD and eSSD shares

NAND demand

• Segment bit demand & share
• Mobile
• SSD summary
• Client/PC SSD
• Enterprise/datacenter SSD
• SSD vs. HDD summary
• Automotive
• Gaming
• Chromebook
• Removable storage

NAND supply

• Wafer production by supplier, fab location, process, and technology
• GB per wafer by supplier
• 3D NAND supplier roadmaps
• Bit production by process & technology
• Density mix by bits and units
• Technology bit mix by segment

NAND supplier profiles

• Samsung
• Kioxia
• Western Digital
• Micron
• SK hynix
• Solidigm
• YMTC
• Other suppliers

 

Appendix/Backup

Yole Group coporate presentation

Kioxia Corp., Macronix International Co., Micron Technology, Inc., SK hynix Inc., Samsung Electronics Co., Solidigm, Western Digital Corp., Winbond Electronics Corp., Yangtze Memory Technologies Corp. (YMTC) and more​