NAND Flash Market to Reach USD 74330 Million by 2027 at a CAGR of 22% | Valuates Reports

BANGALORE, India, Sept. 20, 2021 /PRNewswire/ -- The Global NAND Flash Market is Segmented by Type (MLC NAND, TLC NAND), by Application Consumer Electronics, SSD (Solid State Disk)). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Computer Drives & Storage Category.

In 2020, the global NAND Flash market size was USD 18480 Million and it is expected to reach USD 74330 Million by the end of 2027, with a CAGR of 22.0% during 2021-2027.

 NAND-flash memory is a non-linear internal macro-cell mode memory that offers a low-cost and high-performance solution for large-capacity solid-state memory applications. NAND-flash memory has a big capacity and fast rewrite speed, making it perfect for storing large amounts of data. As a result, embedded goods such as digital cameras, MP3 players, and memory cards have become more popular.

Major factors driving the growth of the NAND Flash Market are:

An increase in the number of  PCs, smartphones, and other electronic gadgets is expected to drive the growth of the NAND Flash market.

 Other consumer products, including tablets and cameras, as well as industrial equipment and sensors, automotive systems, and medical devices, rely on NAND flash memory, which is integrated with their CPUs and stores both data and code. The  NAND flash market will continue to increase as demand for huge data processing for artificial intelligence and machine learning applications grows.

One of the advantages of NAND flash is that it stores data in a non-volatile manner. Unlike DRAM memory, which requires constant power to preserve data, NAND memory keeps data even when the power is turned off, making it suitable for portable storage. Such advantages are expected to increase the adoption of NAND flash memory in various applications, thereby driving the growth of the NAND flash market.

View Full Report: https://reports.valuates.com/reports/QYRE-Auto-27I31/global-nand-flash

TRENDS INFLUENCING THE GROWTH OF NAND FLASH MARKET 

The increase in demand for data storage across consumer electronics and enterprise storage sectors fuels the growth of the NAND flash market. The growing desire for phones with more capabilities, such as video, camera, gaming, and music, has resulted in an increase in demand for large storage systems in the worldwide electronics market. These reasons are projected to boost global demand for NAND flash memory. NAND technology is also employed in wearable devices, in addition to smartphones.

Increasing use of NAND flash for SSDs applications is expected to further fuel the growth of the NAND flash market. NAND flash prices have gone low enough that new primary storage devices for client computers and servers, such as solid-state drives, are now feasible. SSDs outperform traditional hard drives in terms of performance and longevity. SSDs are all semiconductor devices with no moving parts. As a result, SSDs do not have the mechanical latencies that hard drives do. SSDs can withstand significantly more shock and vibration than hard drives because they don't have any moving parts, making them perfect for a wide range of portable and mobile applications. Solid-state drives were previously only appropriate for demanding server applications because they were developed with DRAM memory chips and were pricey. SSDs are now being employed in a wide range of applications, from consumer to enterprise and military computing, thanks to decreased NAND flash pricing.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-27I31/Global_NAND_Flash_Market

NAND FLASH MARKET SHARE ANALYSIS

Based on application the consumer electronics segment is expected to be the most lucrative. Because NAND flash memory allows for cheap storage in incredibly small quantities, it is intrinsically related to the consumer electronics business. Removable flash cards and USB flash drive applications have dominated NAND consumption since the digital revolution and the proliferation of digital cameras.

The Asia Pacific region is expected to be the most lucrative market during the forecast period. This is due to the increasing number of consumer electronics in the region and the presence of major NAND flash manufacturers.

Inquire for Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-27I31/Global_NAND_Flash_Market

NAND FLASH MARKET SEGMENTATION

By Type

• MLC NAND
• TLC NAND.

By Application

• Consumer Electronics
• SSD (Solid State Disk).

Key Companies

• Samsung Electronics
• Toshiba/SanDisk
• SK Hynix Semiconductor
• Micron Technology
• Intel Corporation.

By Region

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA.

Inquire for Customized Data: https://reports.valuates.com/request/customisation/QYRE-Auto-27I31/Global_NAND_Flash_Market 

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-27I31&lic=single-user 

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-27I31&lic=enterprise-user 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

-  In 2020, the global NAND Flash Memory market size was USD 50830 Million and it is expected to reach USD 105540 Million by the end of 2027, with a CAGR of 11.0% during 2021-2027.

-  Global NOR Flash and NAND Flash Market Research Report 2021

-  Global Mobile NAND Flash Market Insights and Forecast to 2026

-  Global Multi-Level Cell NAND Flash Memory Market Research Report 2021

-  Global Serial (SPI) NAND Flash Market Research Report 2021

-  Global NAND Market Research Report 2021

-  Global Managed NAND Sales Market Report 2021

-  Global Raw NAND Sales Market Report 2021

-  Global Low Density SLC NAND Flash Memory Market Insights and Forecast to 2027

Click here to see related reports on NAND Flash Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
[email protected]
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports

Logo : https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg