Market Overview:
The global USB flash disk market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cross-platform operation and memory applications, and the growing trend of using USB flash disks as a replacement for traditional hard drives. In terms of type, the USB2.0 segment is expected to dominate the global USB flash disk market during the forecast period, owing to its low cost and wide compatibility with devices running on different operating systems.
Product Definition:
USB Flash Disk is a data storage device that uses flash memory to store data. It is typically used as a portable storage device for computers and mobile devices. USB Flash Disk can be plugged into any USB port on a computer or mobile device.
USB2.0:
USB (Universal Serial Bus) is an interface used for transferring data from one point to another in a quick and efficient way. USB2.0 is the latest version of this technology, which offers high-speed data transfer at up to 480Mb/s. It also provides backward compatibility with previous versions of the technology, which means that older devices can be used with newer computers without any problems arising from driver upgrades or reformatting.
USB3.0:
The USB 3.0 specification was developed by Intel in 2008 and published in 2009. It is the next generation of Universal Serial Bus (USB).
Application Insights:
The other application segment includes the use of USB flash disks for data backup and transfer. The growing importance of data backup has led to an increase in demand for portable devices, which is expected to have a positive impact on the overall market growth over the forecast period.
Memory application segment accounted for more than 50% share in 2017 owing to its increasing usage as a storage device by operating systems, such as Windows and Linux. In addition, applications such as digital cameras also use this medium due to its small size and high-speed interface making it ideal for storing multiple photos at once. Furthermore, with an increase in internet users across the globe, online retailers are using this mediums due to their low cost and high durability making them affordable by almost every consumer out there further driving their demand from within the memory application segment.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high-speed data transfer and storage devices in this region. Increasing number of technology companies, especially in China, has led to increased production of various types of USB flash drives across the globe. Moreover, rising adoption of smartphones and digital services has resulted in increased sales volume as well as revenue for OEMs across all regions since 2016. This scenario is projected to continue driving the overall industry growth over the next eight years.
North America was estimated at USD X billion in 2017 owing to presence major players such as SanDisk Corporation; Western Digital Technologies Co., Ltd.; Toshiba Global Commerce Solutions; ITC; and Kingston Technology Company Limited that manufactured a large number of products based on Flash memory technology under different specifications such as SDS (Secure Digital Storage), CF (CompactFlash) card format etc.
Growth Factors:
- Increasing demand for data storage: With the increasing use of digital devices such as smartphones, tablets, and laptops, the need for data storage is also increasing. This is driving the demand for USB flash disks as they offer a convenient way to store data.
- Rising trend of cloud computing: The trend of cloud computing is growing rapidly and more businesses are moving their operations to the cloud. This is resulting in an increased demand for USB flash disks as they can be used to store data that needs to be accessed remotely.
- Growing popularity of portable devices: Portable devices such as smartphones and tablets are becoming increasingly popular and this is driving the demand for USB flash disks as they offer a convenient way to store data on these devices.
- Proliferation of social media: Social media platforms are witnessing rapid growth across the world and this has resulted in an increase in the amount of content being shared online. This is fueling the demand for USB flash disks as they provide an easy way to store large amounts of data securely
Scope Of The Report
Report Attributes
Report Details
Report Title
USB Flash Disk Market Research Report
By Type
USB2.0, USB3.0
By Application
Memory, Cross-platform Operation, Other
By Companies
Western Digital (SanDisk), Kingston, Transcend, Toshiba, Lexar, Sony, PNY, ADATA Technology
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global USB Flash Disk Market Report Segments:
The global USB Flash Disk market is segmented on the basis of:
Types
USB2.0, USB3.0
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
Memory, Cross-platform Operation, Other
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:
- Western Digital (SanDisk)
- Kingston
- Transcend
- Toshiba
- Lexar
- Sony
- PNY
- ADATA Technology
Highlights of The USB Flash Disk 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:
- USB2.0
- USB3.0
- By Application:
- Memory
- Cross-platform Operation
- Other
- 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 USB Flash Disk 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
USB flash disk is a portable storage device that uses USB 2.0 or 3.0 for data and power transfer. It is typically 8GB to 64GB in size, and can be used as a bootable drive on computers, or to store large files without the need for an external hard drive
Some of the key players operating in the usb flash disk market are Western Digital (SanDisk), Kingston, Transcend, Toshiba, Lexar, Sony, PNY, ADATA Technology.
The usb flash disk market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 USB Flash Disk 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 USB Flash Disk Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 USB Flash Disk 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 USB Flash Disk 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 USB Flash Disk Market Size & Forecast, 2018-2028
4.5.1 USB Flash Disk Market Size and Y-o-Y Growth
4.5.2 USB Flash Disk Market Absolute $ Opportunity
Chapter 5 Global USB Flash Disk 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 USB Flash Disk Market Size Forecast by Type
5.2.1 USB2.0
5.2.2 USB3.0
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global USB Flash Disk 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 USB Flash Disk Market Size Forecast by Applications
6.2.1 Memory
6.2.2 Cross-platform Operation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global USB Flash Disk 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 USB Flash Disk 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 USB Flash Disk Analysis and Forecast
9.1 Introduction
9.2 North America USB Flash Disk 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 USB Flash Disk Market Size Forecast by Type
9.6.1 USB2.0
9.6.2 USB3.0
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 USB Flash Disk Market Size Forecast by Applications
9.10.1 Memory
9.10.2 Cross-platform Operation
9.10.3 Other
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 USB Flash Disk Analysis and Forecast
10.1 Introduction
10.2 Europe USB Flash Disk 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 USB Flash Disk Market Size Forecast by Type
10.6.1 USB2.0
10.6.2 USB3.0
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 USB Flash Disk Market Size Forecast by Applications
10.10.1 Memory
10.10.2 Cross-platform Operation
10.10.3 Other
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 USB Flash Disk Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific USB Flash Disk 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 USB Flash Disk Market Size Forecast by Type
11.6.1 USB2.0
11.6.2 USB3.0
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 USB Flash Disk Market Size Forecast by Applications
11.10.1 Memory
11.10.2 Cross-platform Operation
11.10.3 Other
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 USB Flash Disk Analysis and Forecast
12.1 Introduction
12.2 Latin America USB Flash Disk 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 USB Flash Disk Market Size Forecast by Type
12.6.1 USB2.0
12.6.2 USB3.0
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 USB Flash Disk Market Size Forecast by Applications
12.10.1 Memory
12.10.2 Cross-platform Operation
12.10.3 Other
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) USB Flash Disk Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) USB Flash Disk 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) USB Flash Disk Market Size Forecast by Type
13.6.1 USB2.0
13.6.2 USB3.0
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) USB Flash Disk Market Size Forecast by Applications
13.10.1 Memory
13.10.2 Cross-platform Operation
13.10.3 Other
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 USB Flash Disk Market: Competitive Dashboard
14.2 Global USB Flash Disk Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Western Digital (SanDisk)
14.3.2 Kingston
14.3.3 Transcend
14.3.4 Toshiba
14.3.5 Lexar
14.3.6 Sony
14.3.7 PNY
14.3.8 ADATA Technology
