3D NAND Flash Memory Market - Forecast(2021 - 2026)

 3D NAND Flash Memory Market Overview:

As per the facts published by “American Association for the Advancement of Science,” the world’s data storage capacity is around 295 billion gigabytes and the demand for data storage is increasing rapidly. The rising demand for data storage can be fulfilled by 3D NAND flash memory, as it offers large storage space with high operating speed, thus fuelling the growth of the 3D NAND flash memory market. The global 3D NAND flash memory market size was estimated as $9.57 billion in 2018, and the market is poised to grow at a notable CAGR of 26.75%, during the forecast period 2019-2025.

Geographically, APAC held the major share in the global 3D NAND flash memory market, accounting 34.12% of the global market in 2018. Technological advancements along with increased adoption of smart technologies in emerging economies such as India, Japan, and China is a major factor fueling the growth of the 3D NAND flash memory market in APAC. Moreover, the increasing incorporation of 3D NAND flash memory technology in consumer electronic products such as smartphones, laptops, cameras, and tablets have rendered APAC with maximum market share.

On the basis of application, automotive is the key application segment of the 3D NAND flash memory market. Lightweight, compact size and durability of components are key aspects considered by the automotive industries. Lightweight memory design and high durability of 3D NAND flash memory is driving the demand of same in the automotive segment. Thus, the key application segment is poised to propel at a remarkable CAGR of 31.17% through 2025.

 

3D NAND Flash Memory Market Growth Drivers:

·         Need for Innovative Memory Devices:

With the increasing usage of electronic devices, there is a rise in demand for technological advancements in terms of data storage memory. The increasing data transmissions and storage has provoked the need for high-speed, low-power consuming, and high-scalable memory devices such as 3D NAND flash memory. Thus, driving the growth of the 3D NAND flash memory market.

·         Growing Demand for Non-Volatile Memory:

3D NAND flash memory is a non-volatile memory that can retrieve data, in case of no power. This feature pertaining to 3D NAND flash memory has made it a favorable choice for connected and wearable devices. There is an increasing demand of flash memory in laptops, smartphones, and tablets. Consequently, driving the growth of the 3D NAND flash memory market.

 

3D NAND Flash Memory Market Trends –

·         96-layer 3D NAND Structure:

NAND flash inventor Toshiba Memory had developed 96-layer 3D NAND memory. This structure provides 50% increase in layers used in 3D NAND memory, and can store even more date in small spaces. It is highly adopted in economical flash drives and memory cards. Thus, the emergence of 96-layer 3D NAND memory is disrupting the growth of the 3D NAND flash memory market.

·         64-layer Triple-Level Cell (TLC) 3D NAND Technology:

Various technological advancements in smartphones include advanced user authentication, language recognition, augmented reality, and personalized imaging capabilities. These innovative technologies require fast local data. 64-layer (TLC) 3D NAND technology provides the speed and features required by modern smartphones, with enhanced storage capacity. Thus, this technology is disrupting the growth of the 3D NAND flash memory market.

3D NAND Flash Memory Market Key Players Perspective:

There are many prominent players in the 3D NAND flash memory market that are striving to gain majority of market share by adopting various strategies such as product launches, mergers & acquisitions, and geographical expansion.

Some key players that are dominating the 3D NAND flash memory market are Toshiba, Samsung, Intel, Micron, SanDisk, STMicroelectronics, SK Hynix, Western Digital, and AMD.

 

3D NAND Flash Memory Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the 3D NAND flash memory market. The assessment include the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of segments in the 3D NAND flash memory market, and their specific applications in different areas. 

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