NAND Flash Memory Market to be Dominated by Blockchain Technology through 2028
Growing demand for data centers with rising digitalization is
driving the NAND flash memory market across the globe in the forecast period.
According to
TechSci Research report, “NAND Flash Memory Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028”, The Global Nand Flash
Memory Market is driving on account of the rising use of Electronics devices
integrated with the NAND technology diverge in price and speed. The application
of NAND flash drives extends beyond a computer system to other electronic
gadgets as it is used in iPods and smartphones owing to its enhanced features
and extensive storage system. The increasing need for phones rich in features
that incorporate video, camera, gaming, and music has increased demand for
extensive storage systems in the global electronics market. Such factors are
expected to fuel demand for NAND flash memory globally. Apart from smartphones,
the NAND technology is also used in wearable devices.
NAND flash is a non-volatile
storage technology that stores data without the use of power. It is a type of
erasable programmable read-only memory (EEPROM). In large blocks, it is
programmed, erased, and reprogrammed. It's called NAND because it's similar to
the NAND logic function at the circuit level. The study's scope includes the
global market for NAND and its various applications in smartphones, SSD, memory
cards, and tablet PCs. The implementation of the Internet of Things (IoT) Internet
of Things in agricultural practices and improved technologies has resulted in
an increase in the use of high-end computing systems in the agricultural
industry. The agricultural sector's growing demand for non-volatile storage
devices is expected to drive up demand for NAND flash drives. Such factors are
likely to contribute to the global NAND flash market's growth during the
forecast period.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global NAND Flash Memory Market"
The rising demand for
low-cost storage solutions across various consumer electronics applications
will drive market growth. Furthermore, the increasing usage of smartphones
coupled with the growing adoption of NAND flash memory in electronic devices
will further aggravate the market value. Additionally, the comparative
advantages of NAND flash memory over its alternatives and the increasing
proliferation of 5G and IoT devices are also estimated to cushion the overall
market growth. However, the rising cost of flash memory acts as a restraint for
the market.
Based on Type, the market is
segmented as SLC (One Bit Per Cell), MLC (Two Bit Per Cell), TLC (Three Bit Per
Cell) and QLC (Quad Level Cell)). Based on Application, the market is
fragmented into Smartphone, SSD, Memory Card, Tablet and Others. Based on
Industry Vertical, the market is segmented into Consumer Electronics,
Communication & Technology, Automotive and Manufacturing. The market
analysis also studies the regional segmentation to devise regional market
segmentation, divided among North America, Europe, Asia-Pacific, South America,
and Middle East & Africa.
Top companies are spending a
lot of money on evaluating and analyzing innovative service and product
offerings to improve the user experience and customer engagement for NAND flash
memory products across the globe. Vendors or sellers are also releasing the
NAND Flash drivers that assist the 5G-enabled mobile phones, and the tabs are
projected to drive the expansion of the global NAND Flash memory market.
SLC-based drives better durability and endurance while being more costly per
Gigabyte than MLC Based drives. The MLC drives have a deficient and shorter
span of life than the SLC drives, mainly complex when stored at increasing
temperatures, which are projected to hamper the growth of the global NAND Flash
memory market.
Key market players in the NAND
Flash Memory market include:
- Samsung Electronics
Co. Ltd
- KIOXIA
Corporation
- Micron Technology
Inc.
- SK Hynix Inc.
- Intel Corporation
- SanDisk Corp.
(Western Digital Technologies Inc.)
- Cypress
Semiconductor Corporation (Infineon Technologies)
- Yangtze Memory
Technologies
- Powerchip
Technology Corporation
- Fujitsu Limited
Recent Advancements
- The company SK Hynix
announced the acquisition of Intel's NAND unit for USD 9 billion on December
2021. By 2025, the company hopes to have completed another integration process.
- The company Mercury Systems
Inc. announced the release of a non-volatile memory device based on NAND flash
in November 2021. The new device has a plastic ball-grid array (BGA) package
and is designed to meet NASA's EEE-INST-002 space-grade application guidelines
for ultra-high-density memory storage applications in high-radiation
environments such as space.
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“Asia-Pacific is one of the
biggest markets for NAND flash memory across the globe. The region has a high
demand for almost all end-user applications, primarily led by the need for
smartphones in multiple developing countries, such as China, India, and Indonesia.
Rising demands for low-cost storage solutions across various consumer
electronics applications is expected to emerge as a major factor driving market
growth. Furthermore, the comparative advantages of NAND flash memory over its
alternatives, as well as the increasing proliferation of 5G and IOT devices,
are expected to cushion the market's overall growth.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“NAND Flash Memory Market By Type (SLC (One Bit Per
Cell), MLC (Two Bit Per Cell), TLC (Three Bit Per Cell), QLC (Quad Level
Cell)), By Application (Smartphone, SSD, Memory Card, Tablet, Others), By
Industry Vertical (Consumer Electronics, Communication & Technology,
Automotive, Manufacturing), By
Region, Competition”, has
evaluated the future growth potential of NAND Flash Memory and provides statistics and information on market structure,
size, share, and future growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the Global NAND Flash Memory
Market.
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