Press release
Universal Flash Storage Market Share, Revenue by Top Key Player Samsung Electronics, Toshiba, Silicon Motion Technology Corp., Synopsys Inc, Micron Technology, Arasan Chip Systems Inc., Cadence Design Systems, SK hynix
Universal Flash Storage
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Continuous improvements & innovations in the technology coupled with its incorporation in high-end tablets and smartphones will drive the universal flash storage market growth. The standard UFS 2.0 provides an enhanced link bandwidth for performance upgrades, improvised security, and power-saving features as compared to the previous versions. It is considered as the most technologically-advanced specification for flash memory-based storage in mobile devices such as smartphones and tablets. The technology has made significant advancements and is a replacement for the eMMC or embedded multimedia card, which is considerably slower.
The universal flash storage market is segmented by storage capacity, configuration, application, and end use. By capacity, the industry is classified into 32 GB, 64 GB, 128 GB, 256 GB, and 512 GB. Due to the increasing implementation in embedded applications where high bandwidth and the processing speed are of significant importance, the 512 MB segment is set to witness a high growth over the forecast timeline. The higher capacity solutions, such as 256 GB and 512 GB, have the potential to transform the storage field with extremely high-speed data transfers.
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By configuration, the universal flash storage market is classified into embedded and externally removable cards. The embedded segment is set to grow in a considerable manner owing to the increasing demand from various industrial sectors. The incorporation of such solutions in laptops, high-resolution displays, and gaming consoles is on the rise considering its capability of delivering high performance. The externally removable cards help in achieving high performance & efficient data transfer. The rising utilization of the technology in drones, VR, and DSLR cameras is providing impetus to the universal flash storage market.
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North America is anticipated to dominate the universal flash storage market due to the growing adoption of the technology in smartphones, tablets, VR products, and smart wearables. The emerging trend of digitization across several industry verticals is expected to contribute to the Asia Pacific universal flash storage market. The growing preference for high-performance and energy-efficient devices along with the increased spending in new technologies further contributes to the regional growth.
Companies in the universal flash storage market are Samsung Electronics, Toshiba, Silicon Motion Technology Corp., Synopsys Inc, Phison Electronics Corps., Micron Technology, Arasan Chip Systems Inc., Cadence Design Systems, SK hynix and GDA Technologies
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