According to TrendForce statistics, the global DRAM module market generated $21.2 billion in revenue in 2025, up 59% year-over-year. This followed 7% growth in 2024. Rising prices and concentrated shipments from DRAM module makers in the second half of the year contributed to the increase.
Market conditions differed between the first and second halves of 2025. In early 2025, some module makers raised their inventories of DDR4 chips in the second quarter, influenced by tariffs and DRAM suppliers’ end-of-life plans for DDR4. They supplied PC OEMs and other consumer electronics customers that had advanced procurement in response to tariffs.
In the latter half of 2025, North American and Chinese cloud service providers increased server DRAM orders to support computing needs for agentic AI applications. This limited DRAM suppliers’ allocations for PC and consumer applications and raised overall DRAM prices. Higher shipment volumes and prices for modules led most module makers to record higher revenues in the second half compared with the first.
Revenue growth differed among module makers according to their target markets and business strategies. Module makers expanded into industrial and enterprise server product lines and shifted product portfolios so that DDR5 became their primary line in the second half of the year.
The top five global DRAM module makers accounted for 77% of total market revenue in 2025, while the top nine represented 81%. Kingston held a 62% share. The company built inventory throughout 2024 and 2025 and supplied the channel market as prices rose in the second half of 2025, resulting in full-year revenue growth of 48% year-over-year.
ADATA ranked second, with DRAM revenue rising 82% year-over-year in 2025. Inventory accumulated in the prior market cycle and partnerships with DRAM suppliers that provided relatively stable chip allocations contributed to the increase. The company’s strategy centers on expanding its low- and mid-capacity RDIMM business.
Ramaxel ranked third. Its revenue increased 153% year-over-year in 2025. The company focuses on partnerships with PC OEMs and cloud service providers and expanded RDIMM partnerships with domestic DRAM suppliers and cloud service providers, supporting China’s domestic RDIMM supply chain.
Kimtigo ranked fourth, with revenue increasing 20% year-over-year in 2025. The company maintains a presence in China’s domestic market across consumer, industrial, and enterprise applications and expanded its OEM customer base as supply tightened in the second half.
Team Group ranked fifth in 2025. The company supplied DDR5 products to the North American channel market as DRAM prices rose in the second half.
Patriot Memory ranked sixth, with revenue rising 89% year-over-year in 2025. Its activities cover consumer, gaming, industrial, and edge computing applications.
Innodisk ranked seventh, with revenue increasing 132% year-over-year. The company focuses on the industrial market, where higher prices and edge AI projects contributed to growth.
Apacer ranked eighth, with DRAM revenue rising 96% year-over-year in 2025. Focused on the industrial market, the company secured additional supply in the second quarter amid DDR4 end-of-life plans and the supply-demand imbalance in the second half.
AGI ranked ninth, with DRAM revenue increasing 26% year-over-year in 2025. The company serves the consumer retail market under its own brand and uses cross-border e-commerce for overseas sales in Japan, Europe, and the U.S.
