Press release
Secure Digital Card Market Report 2024: Strategies And Recent Developments | Western Digital Corporation, ADATA Technology Co. Ltd., Kingston Technology Company Inc., Micron Technology Inc
Secure Digital Card Market Characteristics
The Business Research Company offers in-depth market insights through Secure Digital Card Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The secure digital card market size has grown strongly in recent years. It will grow from $9.19 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to automotive industry growth, manufacturing and industrial applications, consumer electronics, renewable energy projects, packaging industry needs..
The secure digital card market size is expected to see strong growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to infrastructure investment, advancements in lightweight materials, smart building solutions, defense and military applications, sustainable practices.. Major trends in the forecast period include digitalization and industry 4.0 integration, advanced materials and alloys, customization and prototyping, smart manufacturing and robotics, 3d printing in sheet metal fabrication, digital twin technology..
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Market Segmentation:
The secure digital card market covered in this report is segmented -
1) By Size: Micro SD Card, SD Card, Mini SD Card
2) By Storage Capacity: 2 GB, 4 GB, 8 GB, 16 GB, Other Storage Capacities
3) By Application: Digital Cameras, Tablets, Mobile Phones, Other Applications
Major Driver - Secure Digital Card Market Expands With Growing Digital Device Adoption
The increase in the use of digital devices is expected to propel the growth of the secure digital card market going forward. Digital devices refer to electronic devices that can receive, process, and transmit digital information electronically, such as laptops, smartphones, and tablets. Digital devices require secure digital cards to expand their storage capacity and store more digital data, such as photos, videos, music, and documents. As the usage of mobile phones increases, users rely on external storage solutions like secure digital cards to increase storage capacity, leading to an increase in demand for secure digital cards. For instance, in April 2021, according to a Pew Research Center report, a US-based nonpartisan organization, the use of desktop and laptop computers is still widespread, in the US, 53% of adults own a desktop or laptop computer as of 2021. Moreover, according to Cisco Annual Internet Report (2018-2023), in the US, the number of connected devices per person is projected to reach 13.6 (average) by 2023, up from 6.58 (average) in 2018. Therefore, an increase in the use of digital devices is driving the growth of the secure digital card market.
Competitive Landscape:
Major companies operating in the secure digital card market report are Western Digital Corporation, ADATA Technology Co. Ltd., Kingston Technology Company Inc., Micron Technology Inc., Panasonic Holdings Corporation, PNY Technologies, Samsung Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Transcend Information Inc., SanDisk Corporation, Laxer Corporation, Verbatim Australia Pty. Ltd., Patriot Memory LLC, Silicon Power Computer And Communications Inc., 3A Composites, Delkin Devices Inc., Eye-Fi Inc., Fujifilm Corporation, Team Group Inc., Viking Technology, Wintec Industries Inc., Apacer Technology Inc., Cactus Technologies, Duracell Inc., Edge Tech Corp., G.Skill International Enterprise Co. Ltd., Hama GmbH & Co. KG, Kanguru Solutions, Lexar Media Inc.
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Top Trend - Technological Advances Shaping The Secure Digital Card Market
Advancement in technologies is a key trend gaining popularity in the secure digital card market. Major market players are concentrating their efforts on creating innovative technologies such as the Internet of Things (IoT), 3-D technologies, and 3D TLC NAND technology. For instance, in April 2023, Exascend Inc., a Taiwan -based manufacturer of custom flash storage solutions, launched SD300 series industrial-grade SD and microSD cards, a storage solution with 176-layer 3D TLC NAND technology ideal for edge IoT applications such as gateways, industrial drones, factory robots, surveillance cameras, and infotainment systems. These cards are designed to meet the harsh conditions of industrial environments, with a temperature range of -40°C to 85°C and advanced error correction capabilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Secure Digital Card Market Characteristics
3. Secure Digital Card Market Trends And Strategies
4. Secure Digital Card Market - Macro Economic Scenario
5. Secure Digital Card Market Size And Growth
…..
27. Secure Digital Card Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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