NAND Flash Memory Market Industry Analysis, Growth, Trends and Forecast – 2026| Intel, Micron Technology, Samsung Electronics, SanDisk

The NAND flash memory market was valued at USD 46.62 billion in 2020, and it is expected to reach USD 85.36 billion by 2026, registering a CAGR of 11.27% during the forecast period (2021-2026). The “Global NAND Flash Memory Market” Research Report 2021-2026 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

Click the link to get a free Sample Copy of the Report: (Flat 25%)

https://www.marketinsightsreports.com/reports/05202906079/nand-flash-memory-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Source=MS&Mode=28   

The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Top Companies in the Global NAND Flash Memory Market: Intel, Micron Technology, Samsung Electronics, SanDisk, SK Hynix, Toshiba, and Other.

Industry News and Update:

- November 2019 - SK hynix delivered the samples of its solution products based on its128-layer 4D NAND, developed in June 2019. SK Hynix made these recent moves to strengthen its competitiveness in the NAND solution business. As the number of chips required to realize 1TB product has halved compared with using 512Gb NAND, the 1TB could be produced with a package thickness of only 1mm, which is optimal for ultra-thin 5G smartphones. Smartphones equipped with this product are expected to be mass-produced around the second half of the next year.

- August 2019 - Samsung introduced its sixth-generation V-NAND memory, which in a bid to further improve capacity and density, features over 100 active layers. To make V-NAND with over 100 layers viable from performance point of view, the company had to use new circuit design technology. The new memory features 10% lower latencies and consumes 15% lower amount of power when compared to Samsung's previous-generation V-NAND.

Key Market Trends:

Smartphone segment is Expected to Witness Significant Growth

- Flash Memory storage has become an essential component in smartphones. The NAND flash demand has been growing exponentially, primarily driven by the growth of the average capacity in smartphones.

- NAND flash memory in smartphones can significantly enhance the performance of web browsing, email loading, games, and even social network sites such as Facebook. With the increasing adoption of smartphones, companies are adding extra features and applications to differentiate their products from other manufacturers.

- For instance, manufacturers are integrating features such as gesture control, fingerprint scanners, and GPS into the devices. This is boosting the demand for NAND flash memory, which is used as code storage media for smartphones.

- With 5G wireless communication on its way, the use of smartphones would increase multifold, increasing the need for the latest models to raise the bar continuously. For instance, According to the Ericsson Mobility report, in the North American region, 5G subscriptions are expected to account for 55% of mobile subscriptions by the end of 2024.

Regional Analysis:

Asia-Pacific to Hold Significant Market Share

- Asia Pacific is one of the biggest markets for NAND flash memories across the globe. The region has a very high demand from almost all the end-user applications, primarily led by the demand for smartphones in multiple developing countries in the region, such as China, India and Indonesia.

- Also, there is a high activity from the semiconductor fabrication facilities in countries like China, Korea, and Singapore. An immense amount of capital is directed into the Chinese market by several multinational memory manufacturers, especially boosted by the country’s government initiatives, such as Made in China 2025. The country’s ambitious goals is to reach USD 305 billion in semiconductor output by the year 2030 and meet at least 80% of the domestic demand for semiconductors, which is expected to draw more investments into the country, over the forecast period.

- Owing to such development in multiple countries, various competitors in the region are intensifying their efforts for expansion. For instance, as of February 2019, SK Hynix, one of the world’s largest memory-chip maker, announced that it is planning to invest a huge sum of USD 106 billion, primarily to establish four new semiconductor fabrication plants in South Korea.

Ask for TOC and Report Description:

https://www.marketinsightsreports.com/reports/05202906079/nand-flash-memory-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Source=MS&Mode=28  

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: The Global NAND Flash Memory Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

We also offer customization on reports based on specific client requirements:
1- Free country level analysis for any 5 countries of your choice.
2- Free competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points

This release was published on openPR.