Flash memory market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Flash memory has application in portable devices due to their small size, low power consumption, high storage capacity, and other benefits. The market growth is driven by increased usage and sales of smartphones and related digital devices and growing investment in cloud data centers and digital storage by consumers, governments and enterprises.
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Major players are trying to optimize flash storage technology to make it cost effective while providing improvements in storage architecture and speed. For instance, in July 2023, Micron Technology launched the first of its kind 232-layer NAND memory which offers world’s first six-plane TLC production NAND. It has the most planes per die of any TLC flash3 and features independent read capability in each plane. Constant efforts id being made by major players to optimize layers of memory for better performance. Also, the introduction of new technology with more than 300 layers is already in development by SK Hynix.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global 3D NAND Flash Memory Market Report Segment
By Type
- Single-level Cell
- Multi-level Cell
- Triple-level Cell
By Application
- Camera
- Laptops and PCs
- Smartphones & Tablets
- Others (Enterprise Storage, Embedded Systems, Gaming Consoles, Wearable Electronics)
By End User
- Automotive
- Consumer Electronics
- Enterprise
- Healthcare
- Others (Industrial Automation, Aerospace & Defense, Security Systems, Smart Cities & Infrastructure)
Global 3D NAND Flash Memory Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flash memory market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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