Flash Memory Market Scenario:
Technological advancements have led to the advent of electronic solutions that facilitate various types of requirements of the modern world including power efficiency, high data transfer rate, lower heat emission, longevity, portability, etc. Flash memories have become a key component in catering to such needs. The expanding application base of flash memory is driving its global demand. As per the report published by Market Research Future (MRFR), the global flash memory market is set to witness a strong growth over the next couple of years.
Flash memory finds embedded application in a wide range of electronic products such as portable computers, laptops, smartphones, wearables etc. The increased penetration of such products is paving the way for the global Flash Memory Market. Much of it can be accredited to the dramatic advances in semiconductor technology.
Popularity of flash memory has gained traction owing to its technical superiority over traditional storage systems such cassettes, DVDs, CDs among others. The global flash memory market is also benefiting from macroeconomic factors such as digitization, rising disposable income and rising standard of living. Manufacturers of flash memory remain focused on product development and increasing the performance capacity of flash drives. At same time, increased affordability of the product is allowing a faster penetration in price-sensitive markets.
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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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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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