UFS (Universal Flash Storage) Market Forecast Driven by Elevated Device Performance and Energy Efficiency | Valuates Reports

UFS (Universal Flash Storage) Market Size
The global market for UFS (Universal Flash Storage) was valued at US$ 1386 million in the year 2024 and is projected to reach a revised size of US$ 2171 million by 2031, growing at a CAGR of 6.7% during the forecast period.

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The Universal Flash Storage (UFS) market is witnessing significant expansion, driven by the increasing demand for high-speed, low-power memory interfaces across smartphones, automotive systems, and consumer electronics. UFS technology supports rapid data transfer and efficient energy use-attributes that have become essential as devices handle larger volumes of multimedia, AI applications, and real-time processing.

Market size is steadily increasing as handset manufacturers adopt UFS over legacy storage solutions to enhance device performance. In the automotive sector, UFS integration is accelerating in infotainment platforms and ADAS systems, where fast read/write speeds and reliable storage are critical for navigation, multimedia, and on-board functionality.

Key market trends include the shift toward advanced UFS versions that deliver elevated bandwidth and lower power consumption. Next-generation UFS standards are enabling smoother user experiences, reduced latency, and better multitasking, creating favorable conditions for broader adoption. Additionally, enhanced data security measures within UFS architecture are meeting consumer expectations and regulatory requirements for information protection.

Market share is dominated by major semiconductor memory providers who lead in innovation and scale. These firms are investing in research and development to optimize read/write performance, power efficiency, and integration capabilities. Collaborations with OEMs and chipset manufacturers are strengthening product development pipelines and expanding application scope.

Market forecast indicates continued upward momentum, reinforced by the proliferation of 5G devices, in vehicle data systems, and AI-driven gadgets. As industries and consumers demand faster data handling, longer battery life, and enhanced device capabilities, UFS adoption is expected to intensify.

In conclusion, the UFS market is primed for sustained growth. The accelerating market size, evolving market trends towards high-performance memory, and positive market forecast underscore the strategic significance of UFS in supporting future-driven device ecosystems.

by Type
• UFS 2.X
• UFS 3.X
• UFS 4.X
• Others

by Application
• 3C Product
• Automobile
• Others

By Company
Samsung, KIOXIA, SK Hynix, Western Digital, Micron Technology, Phison, Silicon Motion, Kingston Technology, Shenzhen BIWIN, Yangtze Memory Technology Corp, Longsys, ICMAX, Shenzhen Shichuangyi Electronics

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