Global NAND Flash Market 2018-2022
About NAND Flash
NAND Flash memory is a type of non-volatile memory, wherein the read and write operations are quick. In NAND flash, the cells are connected in a series that resembles a NAND gate.
Technavio’s analysts forecast the global NAND flash market to grow at a CAGR of 15.13% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global NAND flash market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of NAND flash.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global NAND Flash Market 2018-2022
Technavio recognizes the following companies as the key players in the global NAND flash market: SAMSUNG, Toshiba, Western Digital, Micron Technology, SK Hynix and Intel.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing popularity of 3D NAND. The 3D NAND memory market is in the nascent phase and is expected to grow during the forecast period due to the increasing adoption of end-user devices such as smartphones, tablet PCs, and notebooks. 3D NAND consumes low power and offers smooth functioning of applications. Enterprise servers are adopting SSDs based on 3D architecture due to their reliability and efficiency.”
According to the report, one of the major drivers for this market is growing adoption of smartphones and tablets. The semiconductor industry can witness significant growth due to increasing adoption of smartphones and tablets. The increasing demand for smartphones is driving the induction of additional features and applications by the manufacturers to differentiate their products. Manufacturers are focusing on integrating extra features such as gesture control, fingerprint scanners, image scanners, and GPS in these devices. These factors are increasing the demand for NAND flash memory in smartphones and tablets to function as code storage media.
SAMSUNG, Toshiba, Western Digital, Micron Technology, SK Hynix and Intel.