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FlashBy 2023, the memory market had grown to a value of $71 billion. From 2024 to 2031, the flash memory market is expected to expand from 73.63 billion USD in 2024 to 107.6657162 billion USD, with a CAGR (compound annual growth rate) of 6.90%. Key market factors promoting market growth include the addition of security and entertainment, the development of communication and networking technologies, and the expanding use of smartphones.
A non-volatile electronic memory storage medium, flash memory can be electronically erased and reprogrammed. Named after the NAND and NOR logic gates, respectively, NOR and NAND are the two primary forms of flash memory. Both NAND and NOR flash memory cells employ the same cell layout for their floating gate MOSFETs. Whether the bit line or word line is pulled high or low determines the status of the line at the circuit level. You can compare the bit line to the word line in NAND memory in the same way you would with a NAND gate, and vice versa with NOR flash.
There will likely be a meteoric rise in demand for NOR flash memory due to its dependable performance in automotive applications. Innovations in entertainment systems, telematics, and instrument clusters have shown its enormous potential. The proliferation of mobile devices, advances in communication and networking, and the incorporation of new security and entertainment features may all contribute to the need for flash memory. The use of NAND flash memory can enhance the speed of web browsing, apps, and games. We expect the flash memory industry to continue its rapid expansion during the projection period. The importance of flash cards is being acknowledged by their manufacturers. For this reason, they pour millions of dollars into R&D to produce new memory cards that are both more efficient and capable of holding more data than their forebears.
The global demand for flash memory is predicted to experience a significant uptick due to the COVID-19 pandemic. This is associated with persistent identity and cyber assaults that cause companies to lose data or have it stolen. Greater investment in storage devices and the challenges of data aggregation might be good for market leaders. During the pandemic, storage solution investments may be necessary due to the reliance on NOR and NAND flash storage solutions for boot code storage and the utilization of these devices to store vital data. By acquiring high-resolution televisions and using LPDDR3 DRAM, one can attain high bandwidth rates for watching and enjoying media.
The advancements in 5G and the proliferation of IoT devices are fueling the rapid expansion of the flash memory market. There will be a rise in the need for storage devices due to the speed at which 5G is expected to transmit vast amounts of data related to communications. Also, NAND Flash drives that work with 5G smartphones and tablets are starting to hit the market. Nearly 70% of the world's wearable 5G connections will be in the North American and Asia-Pacific regions in 2023, according to Cisco Systems. The market for NAND flash memory is also growing in the IoT device sector. Industrial automation in Industry 4.0 makes use of the Internet of Things (IoT) in many different domains, such as aviation, healthcare, smart homes, smart meters, smart agricultural logistics, and wearables.
The proliferation of personal computers and mobile phones has also contributed to the exponential growth in the demand for flash memory. The demand for flash packaging is expected to rise as a result, which is believed to positively affect the demand for memory packaging. Based on their projections, Micron predicts that NAND flash storage capacity in smartphones would expand substantially over the next four years, reaching 43 GB on average. By 2021, the company claims, top devices would feature one terabyte of flash storage, while the average phone will have 142 GB of NAND storage. Tablets, cameras, industrial sensors, automotive systems, and medical gadgets all employ flash memory, which is an integral part of their processors and saves data and the code they execute.
Report Coverage
Global Flash Memory research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flash Memory report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flash Memory competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flash Memory market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flash Memory market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flash Memory market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
IM Flash, SK Hynix, Micron Technology, Inc., Toshiba, Cypress Semiconductor Corporation, STMicroelectronics, Samsung, Intel, SanDisk, and Qimonda.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Flash Memory market based on the below-mentioned segments:
Global Flash Memory Market, By Type
NAND Flash Memory
NOR Flash Memory
Global Flash Memory market, By Application
Smartphone
Digital Camera
USB Flash Drives
Solid-States Drives
Tablets & Laptops
Gaming Consoles
Media Player
Global Flash Memory Market, By End User
Enterprise
Industrial
Individual/Personal
Global Flash Memory market, Regional Analysis
A non-volatile electronic memory storage medium, flash memory can be electronically erased and reprogrammed. Named after the NAND and NOR logic gates, respectively, NOR and NAND are the two primary forms of flash memory. Both NAND and NOR flash memory cells employ the same cell layout for their floating gate MOSFETs. Whether the bit line or word line is pulled high or low determines the status of the line at the circuit level. You can compare the bit line to the word line in NAND memory in the same way you would with a NAND gate, and vice versa with NOR flash.
There will likely be a meteoric rise in demand for NOR flash memory due to its dependable performance in automotive applications. Innovations in entertainment systems, telematics, and instrument clusters have shown its enormous potential. The proliferation of mobile devices, advances in communication and networking, and the incorporation of new security and entertainment features may all contribute to the need for flash memory. The use of NAND flash memory can enhance the speed of web browsing, apps, and games. We expect the flash memory industry to continue its rapid expansion during the projection period. The importance of flash cards is being acknowledged by their manufacturers. For this reason, they pour millions of dollars into R&D to produce new memory cards that are both more efficient and capable of holding more data than their forebears.
The global demand for flash memory is predicted to experience a significant uptick due to the COVID-19 pandemic. This is associated with persistent identity and cyber assaults that cause companies to lose data or have it stolen. Greater investment in storage devices and the challenges of data aggregation might be good for market leaders. During the pandemic, storage solution investments may be necessary due to the reliance on NOR and NAND flash storage solutions for boot code storage and the utilization of these devices to store vital data. By acquiring high-resolution televisions and using LPDDR3 DRAM, one can attain high bandwidth rates for watching and enjoying media.
The advancements in 5G and the proliferation of IoT devices are fueling the rapid expansion of the flash memory market. There will be a rise in the need for storage devices due to the speed at which 5G is expected to transmit vast amounts of data related to communications. Also, NAND Flash drives that work with 5G smartphones and tablets are starting to hit the market. Nearly 70% of the world's wearable 5G connections will be in the North American and Asia-Pacific regions in 2023, according to Cisco Systems. The market for NAND flash memory is also growing in the IoT device sector. Industrial automation in Industry 4.0 makes use of the Internet of Things (IoT) in many different domains, such as aviation, healthcare, smart homes, smart meters, smart agricultural logistics, and wearables.
The proliferation of personal computers and mobile phones has also contributed to the exponential growth in the demand for flash memory. The demand for flash packaging is expected to rise as a result, which is believed to positively affect the demand for memory packaging. Based on their projections, Micron predicts that NAND flash storage capacity in smartphones would expand substantially over the next four years, reaching 43 GB on average. By 2021, the company claims, top devices would feature one terabyte of flash storage, while the average phone will have 142 GB of NAND storage. Tablets, cameras, industrial sensors, automotive systems, and medical gadgets all employ flash memory, which is an integral part of their processors and saves data and the code they execute.
Report Coverage
Global Flash Memory research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flash Memory report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flash Memory competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flash Memory market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | IM Flash, SK Hynix, Micron Technology, Inc., Toshiba, Cypress Semiconductor Corporation, STMicroelectronics, Samsung, Intel, SanDisk, and Qimonda. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Flash Memory Market from 2021 to 2031.
- Market Forecast for Flash Memory Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Flash Memory competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flash Memory
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flash Memory market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flash Memory market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
IM Flash, SK Hynix, Micron Technology, Inc., Toshiba, Cypress Semiconductor Corporation, STMicroelectronics, Samsung, Intel, SanDisk, and Qimonda.
Primary Target Market
- Market Players of Flash Memory
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Flash Memory market based on the below-mentioned segments:
Global Flash Memory Market, By Type
NAND Flash Memory
NOR Flash Memory
Global Flash Memory market, By Application
Smartphone
Digital Camera
USB Flash Drives
Solid-States Drives
Tablets & Laptops
Gaming Consoles
Media Player
Global Flash Memory Market, By End User
Enterprise
Industrial
Individual/Personal
Global Flash Memory market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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