Press release
Universal Flash Storage Market in Embedded Segment is Set to Grow in a Considerable Manner Over 2019 – 2025 | Key Players Samsung Electronics, Toshiba, Synopsis, Micron Technology, Arasan Chip Systems, Cadence Design Systems
Universal Flash Storage Market
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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In universal flash storage market, the automotive electronics segment is expected to witness a high growth over the forecast timeline. It can be attributed to the rising demand for processing and storage of a large volume of data. For instance, Samsung introduced eUFS solutions for applications such as automotive. These solutions are aimed at advanced driver assistance systems, dashboards and infotainment systems. In addition, the technology is anticipated to significantly contribute to enhance the performance and manage the audio content & infotainment systems in a better way. Technological advancements and the entry of connected cars are compelling the automotive manufacturers to focus more on innovative memory solutions.
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.
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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 include Samsung Electronics Co., Ltd., Toshiba Corporation, Silicon Motion Technology Corporation, Synopsis, Inc., Phison Electronics Corporation, Micron Technology, Arasan Chip Systems, Inc., Cadence Design Systems, and SK Hynix and GDA Technologies, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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