Flash Memory Market Scenario:
Advancing technologies have made features such as high data transfer rate, less power consumption, portability, lessened heat generation and longevity, the most requisite components relying on which major associated markets can plan their expansion. The resultant product is flash memories that are infusing considerable influence in increasing use of computer and mobile phones and is creating a sustainable demand for itself. Aptly supported by semiconductor technology, these devices are now replacing traditional hard disks at a considerable pace. The global flash memories market is expecting a growth during the forecast period (2016-2027) with a stellar CAGR propelled by an ever-widening horizon of digital devices as revealed in the report published by Market Research Future (MRFR).
Increasing use of smartphones and tablets on the one hand, and on the other, dependency on online cloud services can be considered a solid foundation for the flash memory market share. Furthermore, pictures, video archiving, games and video streaming are cementing its long-term plans. Solid state drives (SSDs) and other flash memory products are also gaining much traction in this sector and can provide consistent high-level performance in terms of inputs/outputs as compared to hard disk drives. Falling price is also a significant factor that is driving the market ahead.
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Some of the leading companies operating in the global market for flash memory include STMicroelectronics (Switzerland), SanDisk (U.S.), Micron Technology, Inc., (U.S.), SK Hynix (South Korea), Qimonda (Germany), Toshiba (Japan), IM Flash (U.S.), Cypress Semiconductor Corporation (U.S.), Samsung (South Korea) and Intel (U.S.).
Competition in the market has continued to grow at a notable pace in recent years. Entrance of new companies has increased the level of competition. In order to remain competitive, market players are actively focusing on expanding their product portfolio. Many companies are investing in product innovation and research & development programs. Meanwhile, merger and acquisition activities are expected to remain a prime industry trend during the forecast period.
Flash Memory Market Segmental Analysis:
MRFR’s report includes a detailed segmental analysis of the market based on storage technology, type and application. Based on storage technology, the market has been segmented into electronic memories, optical storage and magnetic storage. Based on type, the market has been segmented into not and (NAND) and logical not or (NOR). On the basis of application, the market has been segmented into handheld media player devices, solid state drives (SSD), tablet and PC, smartphone and others (DSC-Digital Still Camera).
Flash Memory Market Regional Analysis:
On the basis of region, the market has been segmented into the Middle East & Africa (MEA), North America, Europe, and Asia Pacific (APAC). Among these, the market is expected to stay most attractive in Asia Pacific (APAC). During the forecast period, APAC is expected to retain its leading position in the global flash memory market over 2027. China’s dominance over the global semiconductor manufacturing industry is one of the major market drivers. China will make a significant contribution to the region’s market throughout the assessment period. Countries such as China, Japan and Taiwan are expected to play an important role in driving the market in APAC.
North America is second in pecking order while Europe occupies the third spot in the global flash memory market. These regions are likely to present lucrative opportunities to market players during the assessment period.
- The US business unit of Toshiba Memory Corporation, Toshiba Memory America, Inc. (TMA) has recently unveiled a novel line of SLC NAND flash memory products for embedded applications. This new flash memory segment is compatible with the famous Serial Peripheral Interface (SPI). SLC NAND will find tremendous industrial and consumer application that need high-speed data, which include printers, flat screen TVs, robot, wearable devices, etc.
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