What is NAND Flash Memory Market Scope?
NAND Flash technology is a kind of non-volatile storage technology. This technology does not require power in order to retain data. NAND flash memory have different applications in smartphones, SSD, Memory Card and Tablet PC. The NAND technology reduce the cost per bit and to increase maximum chip capacity. By help of NAND flash large files are frequently uploaded and replaced. NAND flash working is saves data as blocks and relies on electric circuits to store data .Additionally NAND technology can be used in the MP3 players, digital cameras and USB flash drives.
Influencing Trend:
Increases use of NAND in Artificial Intelligence
Market Growth Drivers:
The rising demand of the low cost storage solution, Rising NAND technology Adoption in Electronics devices and Increasing demand of smartphones
Challenges:
Slower random read speed as compare to other similar technology
Restraints:
Requires mandatory bad block handling
Opportunities:
Rising adoption of 5G technology and IoT devices
The NAND Flash Memory market study is being classified by Type (SLC NAND, MLC NAND, TLC NAND and QLC NAND), by Application and major geographies with country level break-up.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global NAND Flash Memory market throughout the predicted period.
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).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global NAND Flash Memory market by Type, Application and Region.
On the basis of geography, the market of NAND Flash Memory 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).
Market Influencers and their Development Strategies
In June 2021- Micron launches new products which include its first 176-layer NAND flash and 1α DRAM technology. The launched new products is industry’s first Universal Flash Storage (UFS) 3.1 solution for automotive applications
Key Target Audience
Manufacturers of NAND Flash Memory, Suppliers of NAND Flash Memory, Wholesalers, Distributors and Retailers of NAND Flash Memory, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
NAND Flash Memory Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in NAND Flash Memory Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in NAND Flash Memory industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.