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Global NAND Flash Memory Market to Grow at a CAGR of 11.05% During 2021-2026, Aided by the Increasing Number of Applications

NAND Flash Memory Market

Global NAND Flash Memory Market Size, Share, Trends, Growth: By Type: SLC (One-Bit Per Cell), MLC (Two-Bit Per Cell), TLC (Three-Bit Per Cell); By Structure: 2D Structure, 3D Structure; By Application: Smartphone, SSD, Memory Card, Tablet, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global NAND Flash Memory Market Outlook

The global NAND flash memory market reached a value of about USD 62.44 billion in 2023. The market is further expected to grow at a CAGR of 11% in the forecast period of 2024-2032 to reach a value of nearly USD 160.35 billion by 2032.     

 

Global NAND Flash Memory Market

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Increasing Demand for Smartphones to Augment the NAND Flash Memory Industry Growth

Based on application, the smartphone segment is expected to grow at a rapid pace over the forecast period. The consumer electronics sector is becoming more competitive as smartphones become indispensable for most of the population in this day and age. As a result, firms have been swiftly adopting next-generation technologies to maintain their market position, which is expected to drive up the need for adequate storage capacity. Because NAND flash memory is a cost-effective option for applications requiring solid-state storage and high density, it is being adopted by major manufacturing companies in the consumer electronics product segment to meet the demand for big storage capacity. Over the forecast period, this is expected to fuel market expansion.

 

The Asia Pacific to Provide Enhanced Growth Opportunities to the NAND Flash Memory Industry

Due to the increasing technological adoption of memory devices in the consumer electronics and enterprise storage sectors in the region, the Asia Pacific is expected to have the biggest share of the NAND flash memory industry throughout the forecast period. The demand for NAND flash memory devices is being driven by industrially growing nations, such as China, South Korea, and India. Additionally, memory device makers across the world are utilising different tactics, such as joint ventures, to expand their companies and market share in the NAND flash memory industry.

 

NAND Flash Memory: Market Segmentation

NAND flash memory refers to a form of non-volatile storage that stores data without the use of power. One of the major goals of NAND flash development has been to lower the cost per bit and raise the maximum chip capacity so that flash memory can compete with magnetic storage devices like hard disks.

 

Global Nand Flash Memory Market By Segment

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By type, the market is divided into:

  • SLC (One-Bit Per Cell)
  • MLC (Two-Bit Per Cell)
  • TLC (Three-Bit Per Cell)

Based on structure, the industry can be categorised into:

  • 2D Structure
  • 3D Structure

On the basis of application, the market is classified into:

  • Smartphone
  • SSD
  • Memory Card
  • Tablet
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Nand Flash Memory Market By Region

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Increasing Number of Applications to Bolster the Growth of the NAND Flash Memory Industry

Due to the technical capability of the NAND flash memory to fully use fabrication substrates, its applications are expected to grow over the forecast period. Further, the inability of the existing solutions to scale to the required capacity to satisfy the growing demand for data has boosted the focus on the development of new technologies and products. NAND flash memory not only has more storage capacity, but it also runs faster and at a lower cost. As a result, prominent firms are using NAND flash memory technology to deliver the necessary output at high performance and reliability, thus increasing the market demand.

 

Key Industry Players in the Global NAND Flash Memory Market

The report gives a detailed analysis of the following key players in the global NAND flash memory market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Samsung Electronics Co. Ltd.
  • Western Digital Technologies, Inc.
  • Intel Corporation
  • Micron Technology, Inc.
  • Powerchip Technology Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Type, Structure, Application, Region
Breakup by Type SLC (One-Bit Per Cell), MLC (Two-Bit Per Cell), TLC (Three-Bit Per Cell)
Breakup by Structure 2D Structure, 3D Structure
Breakup by Application Smartphone, SSD, Memory Card, Tablet, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Samsung Electronics Co. Ltd, Western Digital Technologies, Inc., Intel Corporation, Micron Technology, Inc., Powerchip Technology Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global NAND Flash Memory Market Analysis
    8.1    Key Industry Highlights
    8.2    Global NAND Flash Memory Historical Market (2018-2023) 
    8.3    Global NAND Flash Memory Market Forecast (2024-2032)
    8.4    Global NAND Flash Memory Market by Type
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    MLC (Two-Bit Per Cell)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    TLC (Three-Bit Per Cell)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global NAND Flash Memory Market by Structure
        8.5.1    2D Structure
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    3D Structure
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global NAND Flash Memory Market by Application
        8.6.1    Smartphone
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    SSD
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Memory Card
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Tablet
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others    
    8.7    Global NAND Flash Memory Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America NAND Flash Memory Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe NAND Flash Memory Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific NAND Flash Memory Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America NAND Flash Memory Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa NAND Flash Memory Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code: 852351)
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Samsung Electronics Co. Ltd
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Western Digital Technologies, Inc.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Intel Corporation
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Micron Technology, Inc.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Powerchip Technology Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global NAND Flash Memory Market: Key Industry Highlights, 2018 and 2032
2.    Global NAND Flash Memory Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global NAND Flash Memory Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global NAND Flash Memory Historical Market: Breakup by Structure (USD Million), 2018-2023
5.    Global NAND Flash Memory Market Forecast: Breakup by Structure (USD Million), 2024-2032
6.    Global NAND Flash Memory Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global NAND Flash Memory Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global NAND Flash Memory Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global NAND Flash Memory Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America NAND Flash Memory Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America NAND Flash Memory Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe NAND Flash Memory Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe NAND Flash Memory Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific NAND Flash Memory Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific NAND Flash Memory Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America NAND Flash Memory Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America NAND Flash Memory Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa NAND Flash Memory Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa NAND Flash Memory Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Major Importing Countries by Volume (2020)
21.    Major Exporting Countries by Volume (2020)
22.    Major Importing Countries by Value (2020)
23.    Major Exporting Countries by Value (2020)
24.    North America Historical Price Trends and Forecast 2018-2028
25.    Europe Historical Price Trends and Forecast 2018-2028
26.    Asia Pacific Historical Price Trends and Forecast 2018-2028
27.    Latin America Historical Price Trends and Forecast 2018-2028
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
29.    Global NAND Flash Memory Market Structure

Key Questions Answered in the Report

What was the global NAND flash memory market size in 2023?

In 2023, the global NAND flash memory market attained a value of nearly USD 62.44 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 11% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 105.44 billion by 2032.     

What are the major industry drivers?

The major drivers of the market include the increasing number of applications of NAND flash memory, such as smartphone, SSD, memory card, and tablet, among others.

What are the key industry trends of the global NAND flash memory market?

The development of new technologies and products is the key industry trend propelling the growth of the market.

What are the major regional markets of NAND flash memory, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the different types of NAND flash memory available in the market?

By type, the market is divided into SLC (one-bit per cell), MLC (two-bit per cell), and TLC (three-bit per cell).

What are the various structures of NAND flash memory?

Based on structure, the industry can be categorised into 2D structure and 3D structure.

What are the different applications of NAND flash memory?

On the basis of application, the market is classified into smartphone, SSD, memory card, tablet, and others.

Who are the key industry players, according to the report?

The major players in the industry are Samsung Electronics Co. Ltd., Western Digital Technologies Inc., Intel Corporation, Micron Technology Inc., and Powerchip Technology Corporation, among others.

Analyst Review

The global NAND flash memory market attained a value of nearly USD 62.44 billion in 2023, driven by the increasing number of applications of NAND flash memory. Aided by the development of new technologies and products, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 11%. The market is projected to reach about USD 160.35 billion by 2032.     

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into SLC (one-bit per cell), MLC (two-bit per cell), and TLC (three-bit per cell). Based on structure, the industry can be categorised into 2D structure, and 3D structure. On the basis of application, the market is classified into smartphone, SSD, memory card, and tablet, among others. The major regional markets for NAND flash memory are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Samsung Electronics Co. Ltd., Western Digital Technologies Inc., Intel Corporation, Micron Technology Inc., and Powerchip Technology Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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