What is NAND Flash Market?
NAND flash memory is those type pf memory which does not require power to retain data. It is a type of nonvolatile storage technology. The various benefit of using NAND flash memory on the industry such as low energy usage, higher performance, commensurate durability, among others. Increasing usage of NAND flash in various industry verticals such as consumer electronics, communication, and technology, automotive, manufacturing, among others are likely to be the prime driver for the growth of the market in the future.
The market study is being classified by Type (Single Level Cell (SLC), Multi-Level Cell (MLC) and Triple Level Cell (TLC)), by Application (Universal Serial Bus, Solid State Drive., Flash Card, Smartphone and Others) and major geographies with country level break-up. According to AMA, the Global NAND Flash market is expected to see growth rate of 15.12%
Samsung (South Korea), Toshiba Corporation (Japan), Western Digital Corporation (United States), Micron Technology, Inc. (United States), SK Hynix Inc. (South Korea), Intel Corporation (United States), ATP Electronics Inc. (United States), SanDisk (United States), Powerchip Technology Corporation (China) and Macronix International (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Winbond Electronics Corporation (China), SMIC (China) and Digital Equipment Corporation (United States).
The market appears to be highly fragmented and with the presence of several companies including Intel, Micron Technology, Samsung Electronics, among othersThe Players having a strong hold in the market are Intel, Micron Technology, Samsung Electronics. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global NAND Flash market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global NAND Flash market by Type, Application and Region.
On the basis of geography, the market of NAND Flash has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2019. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demands of Smartphones Having High Features Smartphones and Tablets
- Rising Penetration of Smart Devices Due to Smart City Trends and Factory Automation Require Storage of Massive Amount of Data Worldwide
Market Trend
- One of the Latest of Market is Increasing the popularity of 3D NAND Flash across the World
Restraints
- Major Concern regarding the Risk and Uncertainty in the Market and can easily Break & Crushed Easily of Products
Opportunities
- Growing Demand from Emerging market Such as China, India, Brazil, among others
Challenges
- Issue related to Higher Cost of Product and Shorter Lifecycle of NAND Flash SSDs than HDDs
- Lack of Skilled Workforce and Trained Workers is required regarding Manufacturing Products
Market Leaders and some development strategies
In February 2019, the SK Hynix company has announced to invest more than USD 106 billion in order to establish four new semiconductor fabrication plants in South Korea. Therefore, this investment enabled the company to strengthen its NAND flash portfolio in South Korea
In December 2018, the Samsung (South Korea) company has released a multi-terabyte 860 QVO SSD built, which provides high-density 4-bit MLC NAND flash architecture. Hence, it will affect the growth of the market in the future.
Key Target Audience
Manufacturers of NAND Flash, Suppliers of NAND Flash, Wholesalers, Distributors and Retailers of NAND Flash, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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