NAND Flash Memory Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented 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 Forecast

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Summary

Report Description

Global NAND Flash Memory Market is predicted to proliferate during the upcoming years due to the increasing demand for IoT and 5G technologies and the increased mobile device adoption. The current macro trends of Artificial Intelligence (AI), machine learning, mobility, and connectivity are beneficial to the NAND flash memory market for the upcoming years, to expand the share in the semiconductor market. With the rise of Personal computers (PCs) and smartphones, the implementation of NAND flash for memory is skyrocketing, that can be attributed to the increase in the average capacity of the devices.

NAND Flash is a non-versatile storage machinery that does not need the power to obstruct the data. The chance of study fills various forms of NAND flash accessible in the market, like SLC, TLC, MLC, and QLC developed on different structures like 2D or 3D constructions. NAND Flash saves the information as it blocks and depends on the electric circuits to save the information. When the power is disconnected from NAND flash memory, a metal-oxide-semiconductor will supply an additional charge to the memory cell, making the data. The metal-oxide-semiconductor utilized is an FGT. The FGT is similar to the NAND logic gates.

According to the data reported by the company Micron Technology, Inc., the NAND flash storage of the average smartphone is 43 GB, which is expected to grow significantly in the upcoming years. In 2021, the NAND flash storage of the average phone had reached to a value of 142 GB with flagship devices having one terabyte storage. Various consumer products, such as tablets & cameras, industrial equipment & sensors, automotive systems, and medical devices, depends on flash memory, which is integrated alongside their processors that stores both data and code.

The trend towards flash-based storage is going to be evolved as demand for massive data processing for artificial intelligence and machine learning applications grows. The outbreak of novel COVID-19 had no significant impact on the production of China-based NAND flash vendors. This is because the plants are highly automated, have low labour demands, and operators stock up on raw materials before the Chinese Lunar New Year. Because semiconductor fabrication plants hold national special licences, foundry output was delivered to customers in China. These enable them to ship their products throughout China, even to quarantined cities.

Increased Demand for Data Centers is Fueling the Market Growth

The rising need for memory appliances buoyed by the requirement of data centers for memory is anticipated to fuel the growth of the NAND FLASH MEMORY market. Moreover, the need for data centers is being driven by the rising demand for huge performance for computing and edge computing, cloud applications, and big data.

Expansion in the Usage of 5G and IoT is Driving the Market Growth

The increasing adoption of machine learning and Artificial Intelligence (AI) bolsters the vendors to choose for quicker and more rapid substantial data capabilities. The rise of further completed by the swift adoption of remote work and educational classes, and also the online medical help at the time of the pandemic.

Growing Consumption in Electronic Industry is Driving the Market Growth

The COVID-19 outbreak is expected to have a significant impact on the electronics device sector, as China is a major supplier of raw materials and finished products. Production was reduced, the supply chain was disrupted, and prices were volatile. During this time, the sales of major electronic companies were impacted. Travel restrictions on both people and goods hampered market growth in the short term. Furthermore, as the NAND flash memory devices consume less power, they are in high demand among electronic manufacturers. Decoding in NAND flash drives is faster than in NOR flash drives. Growing demand for relatively high areal density has prompted electronic industry manufacturers to incorporate 3D technology into NAND memory chips.


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Market Segmentation

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 divided 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.

Company Profiles

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, Power chip Technology Corporation, Fujitsu Limited, are among the major market players in the global platform that lead the market growth of the Global NAND Flash Memory Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Application

Industry Vertical

Region

Regional Scope

Asia-Pacific, North America, Europe, Middle East & Africa and South America

Country Scope

China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, Brazil, Argentina, Colombia

Key Companies Profiled

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

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global NAND Flash Memory market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • 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)
  • NAND Flash Memory Market, By Application:
    • Smartphone
    • SSD
    • Memory Card
    • Tablet
    • Others
  • NAND Flash Memory Market, By Industry Vertical:
    • Consumer Electronics
    • Communication & Technology
    • Automotive
    • Manufacturing
  • NAND Flash Memory Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Middle East & Africa
      • Israel
      • Turkey
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global NAND Flash Memory market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global NAND Flash Memory Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global NAND Flash Memory Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Key Factors for Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Key Challenges Faced

6.    Global NAND Flash Memory Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (SLC (One Bit Per Cell), MLC (Two Bit Per Cell), TLC (Three Bit Per Cell), QLC (Quad Level Cell))

6.2.2.    By Application (Smartphone, SSD, Memory Card, Tablet, Others)

6.2.3.    By Industry Vertical (Consumer Electronics, Communication & Technology, Automotive, Manufacturing)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America NAND Flash Memory Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Industry Vertical

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States NAND Flash Memory Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.1.2.3.           By Industry Vertical

7.3.2.    Canada NAND Flash Memory Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.2.2.3.           By Industry Vertical

7.3.3.    Mexico NAND Flash Memory Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.3.2.3.           By Industry Vertical

8.    Asia-Pacific NAND Flash Memory Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Industry Vertical

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China NAND Flash Memory Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.1.2.3.           By Industry Vertical

8.3.2.    Japan NAND Flash Memory Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.2.2.3.           By Industry Vertical

8.3.3.    South Korea NAND Flash Memory Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.3.2.3.           By Industry Vertical

8.3.4.    India NAND Flash Memory Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Application

8.3.4.2.3.           By Industry Vertical

8.3.5.    Australia NAND Flash Memory Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Application

8.3.5.2.3.           By Industry Vertical

9.    Europe NAND Flash Memory Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Industry Vertical

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany NAND Flash Memory Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.1.2.3.           By Industry Vertical

9.3.2.    United Kingdom NAND Flash Memory Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.2.2.3.           By Industry Vertical

9.3.3.    France NAND Flash Memory Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

9.3.3.2.3.           By Industry Vertical

9.3.4.    Italy NAND Flash Memory Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Application

9.3.4.2.3.           By Industry Vertical

9.3.5.    Spain NAND Flash Memory Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Application

9.3.5.2.3.           By Industry Vertical

10. South America NAND Flash Memory Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Industry Vertical

10.2.4. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil NAND Flash Memory Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.1.2.3.         By Industry Vertical

10.3.2. Argentina NAND Flash Memory Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.2.2.3.         By Industry Vertical

10.3.3. Colombia NAND Flash Memory Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

10.3.3.2.3.         By Industry Vertical

11. Middle East & Africa NAND Flash Memory Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Industry Vertical

11.2.4. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Israel NAND Flash Memory Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Application

11.3.1.2.3.         By Industry Vertical

11.3.2. Turkey NAND Flash Memory Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Application

11.3.2.2.3.         By Industry Vertical

11.3.3. UAE NAND Flash Memory Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Application

11.3.3.2.3.         By Industry Vertical

11.3.4. Saudi Arabia NAND Flash Memory Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Application

11.3.4.2.3.         By Industry Vertical

12. Market Dynamics

12.1.     Drivers

12.1.1. Increased Demand for Data Centers

12.1.2. Expansion in the Usage of 5G and IoT

12.1.3. Growing Consumption in Electronic Industry

12.2.     Challenges

12.2.1. High Reliability Issues

12.2.2. Concern of Data Retention

13. Market Trends & Developments

13.1.        Increasing IoT Penetration

13.2.        Surge in Space Constraints on the Semiconductor

13.3.        Rising Demand for High Performance & Low Latency of Flash Memory

13.4.        Expanding adoption of Mobile Devices

13.5.        Significant Demand in the Agricultural Industry

14. Company Profiles

14.1.                 Samsung Electronics Co. Ltd

14.1.1.    Business Overview

14.1.2.    Key Revenue

14.1.3.    Recent Developments

14.1.4.    Key Personnel

14.1.5.    Key Product/Service Offered

14.1.6.    Target Market Segments

14.2.                 KIOXIA Corporation

14.2.1.    Business Overview

14.2.2.    Key Revenue

14.2.3.    Recent Developments

14.2.4.    Key Personnel

14.2.5.    Key Product/Service Offered

14.2.6.    Target Market Segments

14.3.                 Micron Technology Inc.

14.3.1.    Business Overview

14.3.2.    Key Revenue

14.3.3.    Recent Developments

14.3.4.    Key Personnel

14.3.5.    Key Product/Service Offered

14.3.6.    Target Market Segments

14.4.                 SK Hynix Inc.

14.4.1.    Business Overview

14.4.2.    Key Revenue

14.4.3.    Recent Developments

14.4.4.    Key Personnel

14.4.5.    Key Product/Service Offered

14.4.6.    Target Market Segments

14.5.                 Intel Corporation

14.5.1.    Business Overview

14.5.2.    Key Revenue

14.5.3.    Recent Developments

14.5.4.    Key Personnel

14.5.5.    Key Product/Service Offered

14.5.6.    Target Market Segments

14.6.                 SanDisk Corp. (Western Digital Technologies Inc.)

14.6.1.    Business Overview

14.6.2.    Key Revenue

14.6.3.    Recent Developments

14.6.4.    Key Personnel

14.6.5.    Key Product/Service Offered

14.6.6.    Target Market Segments

14.7.                 Cypress Semiconductor Corporation (Infineon Technologies)

14.7.1.    Business Overview

14.7.2.    Key Revenue

14.7.3.    Recent Developments

14.7.4.    Key Personnel

14.7.5.    Key Product/Service Offered

14.7.6.    Target Market Segments

14.8.                 Yangtze Memory Technologies

14.8.1.    Business Overview

14.8.2.    Key Revenue

14.8.3.    Recent Developments

14.8.4.    Key Personnel

14.8.5.    Key Product/Service Offered

14.8.6.    Target Market Segments

14.9.                 Powerchip Technology Corporation

14.9.1.    Business Overview

14.9.2.    Key Revenue

14.9.3.    Recent Developments

14.9.4.    Key Personnel

14.9.5.    Key Product/Service Offered

14.9.6.    Target Market Segments

14.10.               FUJITSU LIMITED

14.10.1. Business Overview

14.10.2. Key Revenue

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Service Offered

14.10.6. Target Market Segments

15. Strategic Recommendations

15.1.     Fastest Growing Market by Type

15.2.     Dominating Market by Industry Vertical

15.3.     Dominating Market by Region & Country

16. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Key players in the market are 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, and others.

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Asia-Pacific is one of the world's largest markets for NAND flash memory. The region has very high demand from almost all end-user applications, primarily driven by demand for smartphones in multiple developing countries in the region, including China, India, and Indonesia.

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One of the benefits of NAND flash is its non-volatile storage of data. NAND memory retains data even when the power is off by making it ideal as storage for portable devices.

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Increased demand for data centers, expansion in the usage of 5G and IoT, and growing consumption in electronic industry are the main drivers for the growth of the NAND Flash Memory market through the forecast years.

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