Global Flash Memory Market Research Report: By Type (NAND Flash Memory, NOR Flash Memory), By Component (Memory Chips, Flash Controller), By Application (Smartphone, Digital Camera, USB Flash Drives, Solid-States Drives, Tablets & Laptops, Gaming Consoles, Media Player), By End-User (Enterprise, Industrial, Individual/Personal), By Region (North America, Europe, Asia-Pacific, Middle East & Africa, Central & South America) - Forecast till 2027

Market Snapshot

Global Flash Memory Market valued at USD 62.06 Billion in 2019 and is expected to reach USD 80.0 Billion by 2025 with a CAGR of 4.95% during the forecast period, 2020–2025.  

Flash memory is a technology that is used to store information and data in the absence of a power supply. In the other form, it is a kind of non-volatile computer storage. The market of flash memory has been growing with the evolution of computers and media devices and now flash memory is not only used in computers, but various applications use flash memory. Flash Memory devices are expected to show significant growth during the forecast period. The demand for flash memory solutions is growing rapidly in the global market owing to various factors, including the growing need for high-speed and scalable memory devices.

Asia-Pacific accounted for the largest market share of 35.78% in 2019, with a market value of USD 22,205.4 million; the market is expected to register the highest CAGR of 6.25% during the forecast period. Europe was the second-largest market in 201; the market is projected to exhibit a CAGR of 4.18%.     

Global Flash Memory Market, By Type (2019)

Source: MRFR Analysis

Based on type, the global flash memory market has been segmented into NAND Flash Memory, NOR Flash Memory. The NAND flash memory segment accounted for the larger market share of 73.68 % in 2019, with the highest market value; it is expected to register a CAGR of 5.20% during the forecast period. Flash memory, also known as flash storage, is a type of non-volatile memory that helps in erasing data in units known as blocks and rewrites the data. Flash memory is widely used for storing data and data transfer in consumer devices, enterprise systems, and other industrial applications. NAND flash memory is one of the types of flash storage that is used to accelerate the performance of I/O (Input-Output) intensive applications. NOR flash memory plays an integral part in embedded systems. It allows quick access to any location in the memory array. It is faster to read than NAND flash, but it is more expensive and takes longer to erase the data and rewrite revised data. Therefore, NAND flash memory can more cost-effectively support smaller erase blocks compared to NOR flash.

Regional Analysis

Global Flash Memory Market, by region, has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. Asia-Pacific accounted for the largest market share of 35.78% in 2019, with a highest market value; the market is expected to register the CAGR of 6.25% during the forecast period. North America was the second-largest market in 2019, with the second-highest CAGR.       

Companies Covered

• Infineon Technologies AG


• Intel Corporation


• Micron Technology Inc.


• SK HYNIX INC.


• KIOXIA Holdings Corporation


• Microchip Technology Inc.


• ON Semiconductor


• Seagate Technology LLC


• Transcend Information Inc.


• Silicon Motion Technology Corp.


• JMICRON Technology Corporation


• VIA Technologies INC.


• Realtek Semiconductor Corp.


• Marvell


• Western Digital Corporation


• Integrated Silicon Solution Inc.


• Phison Electronics Corporation


• AMIC Technology Corporation

Key Developments

• In April 2020, Infineon Technologies AG has completed the acquisition of Cypress Semiconductor Corporation (US), a semiconductor design and manufacturing company. This would help the company expand its business in the US.


• In June 2019, SK Hynix Inc. has produced the world's first 128-layer 1Tb TLC 4D NAND flash memory. This new TLC flash memory product provides the industry's highest 1Tb storage density.


• In November 2018, Micron Technology, Inc. introduced a new MT25Q NOR flash enabled with Authenta technology for application in various sectors including automotive, consumer goods, and industrial.

Segmentation

• by Type: NAND Flash Memory, NOR Flash Memory


• by Component: Memory Chips, Flash Controller


• by Application: Smartphone, Digital Camera, USB Flash Drives, Solid-States Drives, Tablets & Laptops, Gaming Consoles, Media Player


• by End-User: Enterprise, Industrial, Individual/Personal


• By Region: North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America

Key Questions Addressed by the Report

• What was the historic market size (2018)?


• Which segmentation (Type/ Component/Application/ End-User) is driving the market?


• What will be the growth rate by 2025?


• Who are the key players in this market?


• What are the strategies adopted by the key players?

Frequently Asked Questions (FAQ) :

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