Omdia：AI推动存储市场需求上涨

Core Insights - The storage products market, historically accounting for about 25% of total semiconductor revenue, is experiencing unprecedented growth driven by AI infrastructure investments and evolving demand dynamics [1][4] - DRAM revenue is projected to see consecutive growth in 2025 and 2026, marking a significant shift in the revenue structure of the semiconductor industry [1][4] Group 1: Market Dynamics - The current upward trend in the storage market is fueled by trillions of dollars in AI infrastructure investments, creating a new capital engine and making storage products the core bottleneck rather than computing power [4] - The production model centered around High Bandwidth Memory (HBM) is constraining traditional DRAM supply, leading to a supply-demand imbalance where DRAM supply growth (approximately 20%) lags behind demand growth (over 20%) until 2026 [5] Group 2: Price Trends - NAND prices are expected to rise by 40% in 2026 due to AI demand, with a recovery trend anticipated to continue until 2026 following a significant rebound from low levels in 2023 [9][12] - The SSD and HDD markets are projected to experience substantial growth driven by AI, with supply constraints expected to persist into mid-2026, potentially extending to the end of the year [13][18] Group 3: Strategic Considerations - Collaboration and strategic partnerships are deemed essential for manufacturers to meet the evolving demands of AI, with recommendations for long-term agreements to ensure reliable supply [15][18] - The transition to QLC (Quad-Level Cell) SSDs is expected to be a turning point in 2026, driven by AI applications, although HDDs will continue to dominate nearline storage due to their reliability and cost advantages [14]