The 3D NAND memory market is garnering substantial traction. Market growth attributes to the rising demand for increased capacity and improved performance & speed of data centers in hyperconverged infrastructures. 3D NAND also helps hyperconverged infrastructure users to scale their network at affordable prices. Resultantly, augmenting demand for data storage in consumer electronics and enterprise storage sectors drive the growth of the flash memory market.
In its recent market forecast, Market Research Future (MRFR) asserts that the global 3D NAND Memory Market Size is poised to create a valuation of approximately USD 62 BN by 2025, growing at 30% CAGR throughout the review period (2019-2025). The market estimates rising uses of highly scalable memory devices from the connected and wearable device Industries worldwide. Moreover, advances in storage technologies such as 3D NAND memory OTP accelerate market growth.
Additionally, increasing 3D NAND memory deployment in the banking and financial services (BFSI) sectors would boost the market growth. Rising usages of the internet and connected devices foster market size, generating huge data. Furthermore, the rising trend of chips and semiconductor wafer miniaturization encourages manufacturers to develop highly precise 3D NAND memory.
On the other hand, high manufacturing costs incurred in the design and development of 3D NAND memory is a major factor projected to impede the market growth. Also, manufacturers of 3D NAND memory chips face some challenges due to advances in technologies such as 3D XPoint, solid-state storage (SSS), resistive random access memory (RRAM), and phase-change memory (PCM). Nevertheless, increasing developments of non-volatile flash memory and SSD applications would support the market growth throughout the review period.
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Global 3D NAND Memory Market - Segments
The report is segmented into four dynamics;
By Type : Multi-Level Cell (MLC), Triple-Level Cell (TLC), and Quad-Level Cell (QLC).
By Application : USB, Flash Card, SSD, Smartphone, Tablet, Kiosk, and others.
By Vertical : Aerospace & Defense, IT & Telecommunication, Healthcare, Transportation, Retail, and others.
By Regions : Asia Pacific, Americas, Europe, and Rest-of-the-World.
Global 3D NAND Memory Market - Regional Analysis
The Asia Pacific region dominates the global 3D NAND memory market. The largest market share attributes to the increasing demand for highly durable and lightweight memory chips in enterprise storage and automotive applications. Besides, a large number of semiconductor manufacturing facilities in the region encourage the early adoption of 3D NAND memory.
Moreover, rising technological advances and the adoption of high speed and low power consuming memory devices in various industry verticals drive the regional market growth. Rapid economic growth and spurted industrialization in the region are other major factors boosting the market growth. The APAC flash memory market is estimated to retain its dominance throughout the projected period.
North America stands second in the 3D NAND memory market. The market increase is driven by vast advances in storage technologies and the presence of many notable players. Additionally, well-established end-user verticals in the region create substantial market demand. Broad uptake of flash memory devices fosters opportunities in the regional market.
Furthermore, increasing investments transpired in technology developments propel the market share of the region. Simultaneously, the demand for reliable backup and recovery systems support market growth in the region. The North American 3d NAND industry is expected to witness rapid growth during the assessment period.
Europe 3D NAND memory market is emerging as the fastest-growing market. Factors such as the growing number of businesses and technology upgrades boost the growth of the flash memory market. Moreover, increasing economic growth is a significant tailwind behind the growth of the 3d NAND industry in the region.
Germany, France, Italy, and the UK, contribute to regional market growth. The European flash memory market is estimated to create a substantial revenue pocket in the next six years.
Global 3D NAND Memory Market - Competitive Analysis
Highly competitive, the 3D NAND memory market appears and fragmented due to the presence of several well-established players. To gain a larger competitive share in the market, industry players adopt strategic moves such as mergers & acquisitions, collaboration, expansion, and product/ technology launch.
Major Players:
Players leading the global 3D NAND memory market include Toshiba Corporation (Japan), SAMSUNG (South Korea), Western Digital Corporation (US), Panasonic Corporation (Japan), Intel Corporation (US), Cypress Semiconductor Corporation (US), Hitachi High-Technologies Corporation (Japan), Micron Technology, Inc. (US), SK HYNIX INC. (South Korea), Transcend Information, Inc. (US), Macronix International Co., Ltd (Taiwan), Applied Materials, Inc. (US), Yangtze Memory Technologies Co., Ltd (YMTC, China), and Delkin Devices (US), among others.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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