Global NAND Flash Memory Market to Reach USD 72.60 Billion by 2030; 3D NAND, QLC, and SSD Demand Fuel Growth at 5.43% CAGR

Mordor Intelligence has published a new report on the NAND Flash Memory Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

NAND Flash Memory Market Overview
The global NAND Flash Memory Market, valued at USD 55.73 billion in 2025, is anticipated to grow at a 5.43% compound annual growth rate (CAGR) and reach approximately USD 72.60 billion by 2030. This expansion is driven by a combination of surging data requirements from consumer electronics, enterprise storage, and automotive sectors. Among these, the Asia-Pacific region leads both in market size and growth speed, while the Solid-State Drive (SSD) segment and Quad-Level Cell (QLC) technology stand out as key demand drivers. This press release outlines the central trends, market segmentation, and major industry participants shaping the future of NAND flash memory.

Report Overview: https://www.mordorintelligence.com/industry-reports/nand-flash-memory-market?utm_source=openwire

NAND Flash Memory Market Key Trends
Shift to 3D NAND Architectures
Manufacturers are rapidly moving away from planar (2D) NAND, adopting 3D NAND technologies featuring ever-increasing layer counts. As of 2024, leading-edge production reached 176-layer devices, with plans for 192-layer and 256-layer variants under development . This vertical stacking enhances storage density and lowers cost per bit-critical factors in meeting ballooning demand.

Surge of Quad-Level Cell (QLC) Adoption
QLC, storing four bits per cell, is registering accelerated uptake in data center and cloud environments. Forecasts predict a 13% growth rate for QLC between 2024 and 2029, driven by its capacity to offer high-volume storage at lower cost for read-heavy applications.

Rapid SSD Expansion
SSD integration is growing quicker than other applications, with the market segment predicted to deliver 7% CAGR from 2024 to 2029. The demand for fast, reliable storage in data centers, PCs, and enterprise infrastructure is the primary growth impetus .

Smartphone-Driven Memory Requirements
With smartphones consuming 36% of global NAND shipments in 2024, expanding storage needs-such as high-resolution photography, 5G technology, and AI-based applications-are sustaining demand

NAND Flash Memory Market Segmentation:
Type (by Bits per Cell)

SLC (Single-Level Cell)

MLC (Multi-Level Cell)

TLC (Triple-Level Cell)

QLC (Quad-Level Cell)

Structure

2D Structure

3D Structure

Application

Smartphone

SSD

Memory Card

Tablet

Other Applications

Geography

North America

Europe

Asia Pacific

Latin America

Middle-East and Africa

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Key Players
Samsung Electronics Co. Ltd: A global leader in NAND flash memory, Samsung is known for its advanced 3D V-NAND technology and large-scale production capabilities.

KIOXIA Corporation: Formerly Toshiba Memory, KIOXIA is a key innovator in NAND flash development, co-inventing flash memory and focusing heavily on BiCS Flash architecture.

Micron Technology Inc.: Micron offers a wide range of NAND-based solutions for consumer, enterprise, and embedded markets, with a strong presence in 3D NAND and SSD products.

SK Hynix Inc.: One of the top memory manufacturers, SK Hynix has expanded its NAND flash business significantly, including the acquisition of Intel's NAND unit.

Intel Corporation: Although it sold its NAND business to SK Hynix, Intel played a major role in advancing NAND technology, particularly in high-performance SSDs for data centers.

Conclusion
The NAND Flash Memory market is poised for steady growth, backed by increasing digital storage needs across smartphones, cloud infrastructure, and consumer electronics. The transition to 3D NAND technology and broader acceptance of QLC-based storage are shaping the future landscape of memory solutions. As industries prioritize speed, reliability, and capacity, SSDs and embedded memory applications continue to gain ground across sectors like data centers, automotive systems, and industrial devices.

Industry Related Reports
Europe Flash Memory Market: The Europe Flash Memory Market report segments the industry into By Type (NAND Flash Memory, NOR Flash Memory), By End User (Data Center (Enterprise and Servers), Automotive, Mobile & Tablets, Client (PC, Client SSD), Other End-user Applications).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/europe-flash-memory-market?utm_source=openpr

Asia Pacific Flash Memory Market: The Asia Pacific Flash Memory Market report segments the industry into By Type (NAND Flash Memory, NOR Flash Memory), By End User (Data Center (Enterprise and Servers), Automotive, Mobile & Tablets, Client (PC, Client SSD), Other End-user Applications).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/asia-pacific-flash-memory-market?utm_source=openpr

China Flash Memory Market: The China Flash Memory Market report segments the industry into By Type (NAND Flash Memory, NOR Flash Memory), By End User (Data Center (Enterprise and Servers), Automotive, Mobile & Tablets, Client (PC, Client SSD), Other End-user Applications).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/china-flash-memory-market?utm_source=openpr

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This release was published on openPR.