NAND Flash Memory Market Poised for Significant Growth with a CAGR of 6.0% - Regional Insights, Key Companies & Industry Analysis by 2031

Market Summary -

The global market for NAND Flash Memory was estimated to be worth US$ 65635 million in 2024 and is forecast to a readjusted size of US$ 91198 million by 2031 with a CAGR of 6.0% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global NAND Flash Memory Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide NAND Flash Memory industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on NAND Flash Memory cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

NAND Flash memory is a non-volatile storage technology widely used in solid-state drives (SSDs), USB flash drives, and memory cards. It offers faster read/write speeds, higher storage capacity, and improved power efficiency compared to traditional storage solutions. NAND Flash cells store data in a grid of memory cells, each capable of holding multiple bits of information. Different types of NAND Flash, such as SLC, MLC, TLC, and QLC, vary in terms of their data density, endurance, and cost-effectiveness.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

What is Drivers NAND Flash Market ?

The growth of the NAND Flash market is primarily driven by three factors: the surge in AI and high-performance computing (HPC) demand and data center expansion. As AI servers, large-scale model training, and edge computing advance, the need for high-capacity SSDs (such as QLC/PLC NAND) is skyrocketing, particularly for enterprise storage solutions. Additionally, the recovery of the consumer electronics market (e.g., smartphones with 1TB+ storage, PC upgrade cycles) and the potential release of Windows 12 will further stimulate demand. Meanwhile, rebounding prices are also fueling market recovery. Between 2024 and 2025, NAND manufacturers are improving supply-demand balance through production cuts and technological advancements (e.g., 200+ layer 3D NAND), driving revenue growth.

On the technological front, breakthroughs in 3D NAND layer stacking (e.g., YMTC's mass production of 294-layer NAND, Samsung's shift to TLC/QLC) have become an industry focus, aiming to increase storage density and reduce costs. At the same time, the adoption of QLC/PLC is rising, targeting high-capacity, cost-sensitive applications (e.g., data centers, consumer SSDs). In terms of production capacity, major global players (Samsung, SK Hynix) are adjusting strategies by phasing out consumer-grade MLC NAND and concentrating resources on high-margin products (e.g., HBM and advanced DRAM), while Chinese manufacturers (e.g., YMTC) are accelerating technological self-sufficiency, potentially reshaping the global supply landscape. Furthermore, geopolitical factors and supply chain localization (e.g., U.S. and EU semiconductor subsidies) will influence 2025's production distribution and competitive dynamics.

Market Segmentation and Regional -

By Type

TLC NAND
MLC NAND
SLC NAND
QLC NAND

By Application

Mobile
cSSD
eSSD
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Samsung
SK Group
Kioxia
Micron
WDC
YMTC

Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

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How Can the Research Study Help your Business?

✔ The information presented in the NAND Flash Memory report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global NAND Flash Memory market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global NAND Flash Memory market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global NAND Flash Memory market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global NAND Flash Memory market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional NAND Flash Memory market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 NAND Flash Memory Product Introduction
1.2 Global NAND Flash Memory Market Size Forecast
1.2.1 Global NAND Flash Memory Sales Value (2020-2031)
1.2.2 Global NAND Flash Memory Sales Volume (2020-2031)
1.2.3 Global NAND Flash Memory Sales Price (2020-2031)
1.3 NAND Flash Memory Market Trends & Drivers
1.3.1 NAND Flash Memory Industry Trends
1.3.2 NAND Flash Memory Market Drivers & Opportunity
1.3.3 NAND Flash Memory Market Challenges
1.3.4 NAND Flash Memory Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global NAND Flash Memory Players Revenue Ranking (2024)
2.2 Global NAND Flash Memory Revenue by Company (2020-2025)
2.3 Global NAND Flash Memory Players Sales Volume Ranking (2024)
2.4 Global NAND Flash Memory Sales Volume by Company Players (2020-2025)
2.5 Global NAND Flash Memory Average Price by Company (2020-2025)
2.6 Key Manufacturers NAND Flash Memory Manufacturing Base and Headquarters
2.7 Key Manufacturers NAND Flash Memory Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of NAND Flash Memory
2.9 NAND Flash Memory Market Competitive Analysis
2.9.1 NAND Flash Memory Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by NAND Flash Memory Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in NAND Flash Memory as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 TLC NAND
3.1.2 MLC NAND
3.1.3 SLC NAND
3.1.4 QLC NAND
3.2 Global NAND Flash Memory Sales Value by Type
3.2.1 Global NAND Flash Memory Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global NAND Flash Memory Sales Value, by Type (2020-2031)
3.2.3 Global NAND Flash Memory Sales Value, by Type (%) (2020-2031)
3.3 Global NAND Flash Memory Sales Volume by Type
3.3.1 Global NAND Flash Memory Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global NAND Flash Memory Sales Volume, by Type (2020-2031)
3.3.3 Global NAND Flash Memory Sales Volume, by Type (%) (2020-2031)
3.4 Global NAND Flash Memory Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Mobile
4.1.2 cSSD
4.1.3 eSSD
4.1.4 Others
4.2 Global NAND Flash Memory Sales Value by Application
4.2.1 Global NAND Flash Memory Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global NAND Flash Memory Sales Value, by Application (2020-2031)
4.2.3 Global NAND Flash Memory Sales Value, by Application (%) (2020-2031)
4.3 Global NAND Flash Memory Sales Volume by Application
4.3.1 Global NAND Flash Memory Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global NAND Flash Memory Sales Volume, by Application (2020-2031)
4.3.3 Global NAND Flash Memory Sales Volume, by Application (%) (2020-2031)
4.4 Global NAND Flash Memory Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global NAND Flash Memory Sales Value by Region
5.1.1 Global NAND Flash Memory Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global NAND Flash Memory Sales Value by Region (2020-2025)
5.1.3 Global NAND Flash Memory Sales Value by Region (2026-2031)
5.1.4 Global NAND Flash Memory Sales Value by Region (%), (2020-2031)
5.2 Global NAND Flash Memory Sales Volume by Region
5.2.1 Global NAND Flash Memory Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global NAND Flash Memory Sales Volume by Region (2020-2025)
5.2.3 Global NAND Flash Memory Sales Volume by Region (2026-2031)
5.2.4 Global NAND Flash Memory Sales Volume by Region (%), (2020-2031)
5.3 Global NAND Flash Memory Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America NAND Flash Memory Sales Value, 2020-2031
5.4.2 North America NAND Flash Memory Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe NAND Flash Memory Sales Value, 2020-2031
5.5.2 Europe NAND Flash Memory Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific NAND Flash Memory Sales Value, 2020-2031
5.6.2 Asia Pacific NAND Flash Memory Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America NAND Flash Memory Sales Value, 2020-2031
5.7.2 South America NAND Flash Memory Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa NAND Flash Memory Sales Value, 2020-2031
5.8.2 Middle East & Africa NAND Flash Memory Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions NAND Flash Memory Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions NAND Flash Memory Sales Value and Sales Volume
6.2.1 Key Countries/Regions NAND Flash Memory Sales Value, 2020-2031
6.2.2 Key Countries/Regions NAND Flash Memory Sales Volume, 2020-2031
6.3 United States
6.3.1 United States NAND Flash Memory Sales Value, 2020-2031
6.3.2 United States NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.3.3 United States NAND Flash Memory Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe NAND Flash Memory Sales Value, 2020-2031
6.4.2 Europe NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe NAND Flash Memory Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China NAND Flash Memory Sales Value, 2020-2031
6.5.2 China NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.5.3 China NAND Flash Memory Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan NAND Flash Memory Sales Value, 2020-2031
6.6.2 Japan NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan NAND Flash Memory Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea NAND Flash Memory Sales Value, 2020-2031
6.7.2 South Korea NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea NAND Flash Memory Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia NAND Flash Memory Sales Value, 2020-2031
6.8.2 Southeast Asia NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia NAND Flash Memory Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India NAND Flash Memory Sales Value, 2020-2031
6.9.2 India NAND Flash Memory Sales Value by Type (%), 2024 VS 2031
6.9.3 India NAND Flash Memory Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Samsung
7.1.1 Samsung Company Information
7.1.2 Samsung Introduction and Business Overview
7.1.3 Samsung NAND Flash Memory Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Samsung NAND Flash Memory Product Offerings
7.1.5 Samsung Recent Development
7.2 SK Group
7.2.1 SK Group Company Information
7.2.2 SK Group Introduction and Business Overview
7.2.3 SK Group NAND Flash Memory Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 SK Group NAND Flash Memory Product Offerings
7.2.5 SK Group Recent Development
7.3 Kioxia
7.3.1 Kioxia Company Information
7.3.2 Kioxia Introduction and Business Overview
7.3.3 Kioxia NAND Flash Memory Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Kioxia NAND Flash Memory Product Offerings
7.3.5 Kioxia Recent Development
7.4 Micron
7.4.1 Micron Company Information
7.4.2 Micron Introduction and Business Overview
7.4.3 Micron NAND Flash Memory Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Micron NAND Flash Memory Product Offerings
7.4.5 Micron Recent Development
7.5 WDC
7.5.1 WDC Company Information
7.5.2 WDC Introduction and Business Overview
7.5.3 WDC NAND Flash Memory Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 WDC NAND Flash Memory Product Offerings
7.5.5 WDC Recent Development
7.6 YMTC
7.6.1 YMTC Company Information
7.6.2 YMTC Introduction and Business Overview
7.6.3 YMTC NAND Flash Memory Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 YMTC NAND Flash Memory Product Offerings
7.6.5 YMTC Recent Development
8 Industry Chain Analysis
8.1 NAND Flash Memory Industrial Chain
8.2 NAND Flash Memory Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 NAND Flash Memory Sales Model
8.5.2 Sales Channel
8.5.3 NAND Flash Memory Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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