NAND and SSD Markets Struggle in 3Q22

This is an abstract of Trendfocus, Inc.‘s NAND/SSD Information Service, 2CQ22 Quarterly Update, Executive Summary, published on November 8, 2022.

NAND and SSD Markets Struggle in 3CQ22 with Units and Exabytes Down Double-Digits
Data center has now joined every other market segment with declines and softening demand

Overall unit shipments dropped 14% Q/Q to 74.89 million, with exabytes following suit, down 10% to 66.38EB shipped.

PC OEM SSD demand, reflected in client module shipments, led the sequential declines, falling 19% and 11% in units and exabytes, respectively, to 50.37 million units and 27.10EB.

Every single enterprise SSD category declined in both units and capacity shipments, shipping a total of just under 15 million units, down 8% Q/Q with an 11% decline in capacity to 34.43EB in the quarter.

SAS SSDs shipped 0.85 million units, declining more than any other enterprise segment at -17% Q/Q, while capacity shipped for the interface plunged 23% to 2.96EB.

The final segment to post a sequential drop in 3CQ22 was enterprise PCIe, which declined 2% in units to 9.22 million SSDs, and fell 9% in capacity shipped to 26.90EB, signaling reduced data center demand after 2 strong quarters of purchases.

Total NAND bit shipments declined 9% from the previous quarter to 146.85EB with all market segments except game consoles posting sequential reductions.

3CQ22 SSD Market Share, by Supplier, Units in Million, Exabytes