Global SSD Shipments Down 10.7% YoY to 114 Million Units in 2022
November 7, 2023 | TrendForceEstimated reading time: 2 minutes
TrendForce has issued its latest findings, indicating that the global SSD market has rectified its supply and demand dynamics in 2022, following a resolution in the shortage of master control ICs that had hampered the market in 2021. Despite the normalization of supply, global SSD shipments witnessed a decline, with only 114 million units shipped in 2022—a 10.7% decrease from the prior year.
The top three SSD shipment leaders of 2022 were Kingston, ADATA, and Lexar, with Kingston and ADATA maintaining solid advantages and experiencing growth in market share over 2021. Lexar's growth was attributed to an aggressive push for revenue in anticipation of going public. Kimtigo, in 2022, made significant strides in expanding into industrial control and OEM markets, which in turn boosted its shipment volume and market share. Netac maintained its competitive edge in the SSD market alongside securing several government orders in the enterprise SSD sector, keeping its market share and ranking consistent with the previous year.
Notable changes were seen further down the rankings. Colorful, leveraging cost advantages from China’s homegrown master controls and NAND Flash, defied market trends with increased shipments, climbing to the sixth spot. PNY re-entered the top ten, withstanding market downturns through extensive international channel development. Teclast held its market share consistent with 2021, rising to the eighth position. GIGABYTE benefited from the gaming market, maintaining its ninth-place shipment market share and ranking, while lastly, Transcend held the tenth position, focusing on maintaining profitable niche products in the industrial control market rather than chasing higher shipment volumes.
In 2022, the top five SSD channels held nearly 60% market share and will only continue to dominate
In 2022, despite market challenges, the top five SSD brands increased their combined market share from 53% to 59%. With the global economy still struggling in 2023—and despite constrained notebook and desktop shipments—module makers have been gradually reducing high-cost inventory pressures through continuous purchase smoothing, positioning themselves favorably for price-competitive shipping. Furthermore, the overall market sentiment saw a swift turnaround at the end of the third quarter due to aggressive production cuts by NAND Flash suppliers, with SSDs first reflecting cost increases, benefiting those module makers with lower-cost inventories. Large-scale SSD channels that possess substantial market volumes and financial resources have been able to successfully navigate market ups and downs and seize market opportunities. TrendForce believes that these large SSD firms will only continue to grow bigger in the years to come.
Domestic Chinese PCle master controller technology and SSD brands are rapidly catching up
In terms of technology, Chinese homegrown PCIe master control entities, such as Maxio Technology, are rapidly catching up, with increasingly mature PCIe control technologies. They not only mass-ship mainstream PCIe 4.0 products compatible with various NAND Flash suppliers but are also aggressively advancing into PCIe 5.0 product development and verification. The collaboration between China's independent control ICs and module makers is expected to thrive. Facing a volatile market in recent years, Chinese homegrown SSD channels are also actively advancing supply chain configurations, aiming to step beyond China and into international waters, with Longsys leading the charge by acquiring shares in Licheng Suzhou and Smart Modular in Brazil to strengthen downstream module production capacity.
Suggested Items
Q1 Global Semiconductor Sales Increase 15.2% YoY
05/07/2024 | SIAThe Semiconductor Industry Association (SIA) announced worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023.
Micross, Sital Announce Global Manufacturing & Distribution Partnership
05/07/2024 | Micross Components, Inc.Micross Components, Inc., a leading global provider of mission-critical microelectronic components and services for high-reliability aerospace, defense, space and industrial applications, is pleased to announce our exclusive partnership with Sital Technology (sitaltech.com), the leader in MIL-STD-1553 IP cores, specializing in integrated FPGA solutions.
Flex Announces Upcoming Changes to Its Board of Directors
05/07/2024 | FlexFlex announced that consistent with its succession plan, Michael D. Capellas, non-executive Chair of the Board of Directors of Flex, has informed the Board of his decision not to stand for re-election to the Board at the company's 2024 Annual General Meeting of shareholders to be held on August 8, 2024. Mr. Capellas has served on the company's board for 10 years, including as Chair since 2017, during which time he played a key role in building Flex's reputation as a trusted global technology, supply chain and manufacturing solutions partner and driving the company's success.
Real Time with… IPC APEX EXPO 2024: Understanding Objective Evidence in Manufacturing Processes
05/07/2024 | Real Time with...IPC APEX EXPOGraham Naisbitt explains the importance of objective evidence in manufacturing processes, debunking the common misconception that the ROSE test is a cleanliness test. He also discusses the introduction of Rev J, a requirement for measuring ionic contamination on circuit assemblies, and the challenges in accurately measuring contamination. Alternative methods like ion chromatography and the need for updating standards like the ROSE test are mentioned.
Fabrinet Announces Q3 Fiscal Year 2024 Financial Results
05/07/2024 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024.