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Q3 2025 NAND Market Grows to $17.1 Billion, Kioxia Expands Market Share
Thursday, December 4, 2025 at 06:40 AM
The NAND market saw a 16.5% quarter-over-quarter increase in the third quarter of 2025, reaching $17.1 billion, according to TrendForce research. The report also indicated that Kioxia had successfully expanded its market share during this period.
Context
The NAND market experienced significant growth in Q3 2025, with the top five suppliers collectively reaching $17.1 billion, marking a 16.5% quarter-on-quarter increase. This surge was primarily fueled by robust enterprise SSD demand, driven by the continuous expansion of Cloud Service Provider (CSP) and AI infrastructure. This indicates a strong underlying demand for high-performance storage solutions in critical data center environments.
Among the key players, Kioxia demonstrated exceptional performance, achieving the largest quarter-on-quarter gain of 33.1%, propelling it to the third position in the market. This growth for Kioxia was attributed to increasing AI server demand, strong mobile sector demand, and the successful migration to its advanced BiCS 8 technology, which boosted bit shipments. The outlook for Q4 2025 remains positive, with strong demand anticipated for TLC/QLC enterprise SSDs.
Despite potential limitations in shipment growth due to inventory normalization and process-transition yield losses, NAND prices are projected to continue their upward trend, with an expected rise of approximately 20-25% in Q4 2025. This sustained price increase underscores the tight supply conditions and persistent demand in the market, signaling a favorable environment for NAND manufacturers.
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Kioxia
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