Market Overview:
The global flash memory market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for flash-based storage devices, owing to their advantages over traditional hard drives. NOR Flash is expected to hold the largest share of the global flash memory market by type during the forecast period. Serial Flash is expected to be the fastest growing segment of the global flash memory market during 2018-2030, owing to its growing demand in consumer electronics applications such as smartphones and tablets.
Product Definition:
Flash Memory is a type of computer storage that retains data even when it is turned off. This makes it ideal for devices that are used on the go, such as digital cameras, cell phones, and laptops. Flash memory is also less expensive than other storage options, such as hard drives.
NOR Flash:
NOR flash is a type of flash memory, which has no internal battery. It was initially designed for data storage in digital cameras and other consumer electronic products. NOR is an acronym for “Non-Volatile Random Access Memory”. The technology was developed by Toshiba Electronic Devices in the 1980s, and it gained popularity due to its low cost as compared to NAND flash memory chips used in mobile phones and tablets computers.
NAND Flash:
NAND flash is a type of flash memory, which was developed to meet the demand for more storage capacity. It uses three-dimensional cross-sectional architecture with vertically stacked cells, wherein each cell can store one bit of information. NAND Flash is used in USB drives, external hard disc drives (HDD), digital cameras, and mobile phones among others.
Application Insights:
The serial flash application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. This is attributed to an increase in demand for smartphones, tablets, digital cameras and other consumer electronics devices. The serial flash memory device has a higher storage density than that of NOR or NAND flash memory chips; hence it can be used to store more data on a single chip as compared with hard disk drives or solid-state drives (SSDs). Moreover, increasing demand for high-resolution images across various applications such as medical imaging also propels the growth of this segment.
The replacement for hard drive segment held a significant market share in terms of revenue generation in 2017 owing to increased use of cloud servers coupled with growing IT infrastructure spending by enterprises and SMBs.
Regional Analysis:
North America dominated the global market in 2017, owing to the presence of prominent players such as Micron Technology Inc., and Intel Corporation. The increasing demand for consumer electronics products, rising demand for digital services and high penetration of cloud-based solutions are some other factors driving regional growth. Moreover, growing investments by companies in R&D activities to develop advanced technologies is expected to drive industry expansion over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to a large number of Flash memory manufacturing units set up in China since last few years on account of low labor cost coupled with easy availability of raw materials such as NOR and NAND flash chips from there. Furthermore, favorable government policies encouraging domestic production levels along with increased spending on IT sector by various countries including India has led this region’s growth significantly thus far and it is expected continue so through out forecast period with CAGR exceeding 20%.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow from .6 billion in 2016 to .9 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.2%. This growth can be attributed to the increasing volume of digital data being generated and stored due to the proliferation of connected devices and cloud-based services.
- Shift from traditional storage media to flash memory: Flash memory offers several advantages over traditional storage media such as hard disks, including faster access time, lower power consumption, and smaller form factor. These advantages are driving the shift from traditional storage media to flash memory, thereby fueling the growth of the flash memory market.
- Growing demand for SSDs: A major application area for flashmemory is solid state drives (SSDs). SSDs are witnessing high adoption rates in laptopsand tablets due to their superior performance as comparedto hard disk drives (HDDs). This is resulting in an increasein demand for flashmemory chips used in SSDs, therebydrivingthegrowthoftheflashmemorymarket
- . Emergenceof new applications: Flashmemory is finding new applicationsin areas such as automotive electronics, industrial automation, and medical devices owingto its superiorperformanceandreliabilityascomparedtostoragemediausedinthesesectors traditionally .Thisisresultinginfurthergrowthoftheflashmemorymarket5.. Reduction inn prices: The average selling price (ASP)of N
Scope Of The Report
Report Attributes
Report Details
Report Title
Flash Memary Market Research Report
By Type
NOR Flash, NAND Flash
By Application
Serial Flash, Replacement for Hard Drives, RAM, Archival or Long-term Storage, FPGA Configuration
By Companies
Samsung Electronics, Kioxia, Western Digital Corporation, Micron Technology, SK Hynix, Intel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Flash Memary Market Report Segments:
The global Flash Memary market is segmented on the basis of:
Types
NOR Flash, NAND Flash
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Serial Flash, Replacement for Hard Drives, RAM, Archival or Long-term Storage, FPGA Configuration
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung Electronics
- Kioxia
- Western Digital Corporation
- Micron Technology
- SK Hynix
- Intel
Highlights of The Flash Memary Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NOR Flash
- NAND Flash
- By Application:
- Serial Flash
- Replacement for Hard Drives
- RAM
- Archival or Long-term Storage
- FPGA Configuration
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flash Memary Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flash Memory is a type of computer storage that can be accessed and read by a computer using an interface such as USB, FireWire, or Thunderbolt.
Some of the major players in the flash memary market are Samsung Electronics, Kioxia, Western Digital Corporation, Micron Technology, SK Hynix, Intel.
The flash memary market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flash Memary Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flash Memary Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flash Memary Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flash Memary Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flash Memary Market Size & Forecast, 2020-2028
4.5.1 Flash Memary Market Size and Y-o-Y Growth
4.5.2 Flash Memary Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 NOR Flash
5.2.2 NAND Flash
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Serial Flash
6.2.2 Replacement for Hard Drives
6.2.3 RAM
6.2.4 Archival or Long-term Storage
6.2.5 FPGA Configuration
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flash Memary Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flash Memary Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 NOR Flash
9.6.2 NAND Flash
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Serial Flash
9.10.2 Replacement for Hard Drives
9.10.3 RAM
9.10.4 Archival or Long-term Storage
9.10.5 FPGA Configuration
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 NOR Flash
10.6.2 NAND Flash
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Serial Flash
10.10.2 Replacement for Hard Drives
10.10.3 RAM
10.10.4 Archival or Long-term Storage
10.10.5 FPGA Configuration
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 NOR Flash
11.6.2 NAND Flash
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Serial Flash
11.10.2 Replacement for Hard Drives
11.10.3 RAM
11.10.4 Archival or Long-term Storage
11.10.5 FPGA Configuration
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 NOR Flash
12.6.2 NAND Flash
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Serial Flash
12.10.2 Replacement for Hard Drives
12.10.3 RAM
12.10.4 Archival or Long-term Storage
12.10.5 FPGA Configuration
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 NOR Flash
13.6.2 NAND Flash
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Serial Flash
13.10.2 Replacement for Hard Drives
13.10.3 RAM
13.10.4 Archival or Long-term Storage
13.10.5 FPGA Configuration
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flash Memary Market: Competitive Dashboard
14.2 Global Flash Memary Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung Electronics
14.3.2 Kioxia
14.3.3 Western Digital Corporation
14.3.4 Micron Technology
14.3.5 SK Hynix
14.3.6 Intel
