SLC NAND Flash Memory Market is expected to grow US$ 1.98 Billion at a CAGR of 5.6% during 2019-2027

The global SLC NAND flash memory market accounted to US$ 1.15 Billion in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 - 2027, to account to US$ 1.98 Billion by 2027. In terms of volume, the global SLC NAND flash memory market accounted to 142 Million units in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 - 2027, to account to US$ 260.5 Million units by 2027.

Geographically, the SLC NAND flash memory market is segmented into North America, APAC, Europe, RoW regions. Asia Pacific led the SLC NAND flash memory market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years to during the forecast period. Growing usage of the semiconductor based electronic devices in various industry verticals owing to the advent of IoT and Industrial IoT is one major factor driving the demands for these products.

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The North America is the second-largest market in the SLC NAND flash memory market. Apart from Asia Pacific and North America, Europe remains at the third-largest geographic segment in the SLC NAND flash memory market. In Europe, such as France, the UK, and others countries has experienced rules and regulations formulated by the government for the rollout of autonomous cars, and therefore, the scope of SLC NAND flash memory in autonomous vehicles is rising. The production and adoption of consumer electronics in the Asian market, provides SLC NAND flash memory providers with high growth opportunities in the region.

Increasing digitalization and arrival of data-centric applications

The rapidly increasing data-centric applications of SLC NAND flash memories in numerous industry verticals worldwide coupled with the burgeoning prominence of mobile devices and connected technology is expected to offer an impetus growth in the demand for SLC NAND flash memories. The rising demand by the IT companies for making the computer's system further secured and enhance its efficiency is expected to drive innovative applications of SLC NAND flash memories. The factor is subsequently anticipated to encourage the SLC NAND flash memory market growth during the forecast period

The Prominent/Emerging Players in the SLC NAND Flash Memory Market Research include:
- Cypress Semiconductor
- Intel Corporation
- Kingston Technology Europe Co LLP
- Microchip Technology Inc.
- Micron Technology Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics (FMSH)

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Key Elements that the report acknowledges:

- Market size and growth rate during forecast period.
- Key factors driving the SLC NAND Flash Memory Market.
- Key market trends cracking up the growth of the SLC NAND Flash Memory Market.
- Challenges to market growth.
- Key vendors of SLC NAND Flash Memory Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global SLC NAND Flash Memory Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.

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This release was published on openPR.