Flash Memory Market Scenario:
The need to store information and data in the lack of power supply is promoting the demand for flash memory. Reports that investigate the semiconductors and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is forecasted to garner a positive CAGR in the forecast period.
The application of Flash Memory Marketin a broader range of industries is expected to increase the flash memory market’s share globally. The IoT and automotive industry are expected to contribute in a major way to the advancement of the flash memory market.
Major Key Players:
The outstanding contenders in the flash memory market are Toshiba (Japan), Intel (U.S.), Samsung (South Korea), SanDisk (U.S.), STMicroelectronics (Switzerland), IM Flash (U.S.), Cypress Semiconductor Corporation (U.S.), Micron Technology, Inc., (U.S.), SK Hynix (South Korea) and Qimonda (Germany) among others.
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The segmental evaluation of the flash memory market is carried out on the basis of type, storage technology, application, and region.
- On the basis of type, the flash memory market is segmented into NOR and NAND.
- Based on the storage technology, the flash memory market is segmented into optical storage, magnetic storage, and electronic memories.
- Based on the application, the flash memory market has been segmented into tablet and pc, handheld media player devices, smartphone, solid state drives (SSD), and others such as DSC- digital still camera.
- Based on the regions, the flash memory market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
Detailed Regional Analysis:
The regional assessment of the flash memory market comprises of regions such as the Americas, Europe, Asia Pacific, and the Middle East and Africa. As per the study, the Asia Pacific region is controlling the market of flash memory with an extensive market share which is valued highly in the year 2015.
The foremost reason which aids the growth of the market in the region is technological progress in nations such as China and India. China alone holds a chunk of the market share and direct the market in Asia Pacific trailed by Japan which holds a sizeable market share.
The North American region is the next principal market for flash memory followed by the European region which accounts for a portion of the market share. The primary reason which is propelling the market of flash memory on a global scale demand from several nations for smartphones and personal computers which holds chief market share based on application.
The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate.
The governments around the world have also played a substantial role in the growth of the market in recent years. The intensification of investors in the market has played a pivotal role in the progress of the market. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years.
Also, the competition being observed in the market is not detrimental to the individual player’s development in the market. The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period.
Aug 2019 Toshiba Memory America, Inc. (TMA), a U.S.-based division of Toshiba Memory Corporation, announced the launch of a novel storage class memory solution, XL-FLASH. Built upon the firm’s innovative BiCS FLASH™ 3D flash memory technology with 1-bit-per-cell SLC, XL-FLASH produces low latency and high performance to enterprise storage and data center. The sample shipments will commence in September, with mass manufacturing anticipated to begin in 2020.
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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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