Market Size – USD 10.01 billion in 2018, Market Growth – CAGR of 24.75%, Market Trends – rise of small-form factor in memory devices.
The 3D NAND Flash Memory Chip Market is expected to grow from USD 10.01 billion in 2018 to USD 99.92 billion by 2026, at a CAGR of 24.75% during the forecast period. Growth of small-form factor in memory devices, increase in demand for large data storage but faster operating speed, at lower costs, increase need of lightweight memory design, especially in automotive industries, increasing demand of solid-state drivers, which stores data permanently even without power, need for robust enterprise storage systems, higher capacity than planar NANDs, in smaller space and need for increased memory space in devices like smartphones, tablets and laptops are some of the driving factors of the market.
The fact that planar NANDs being 30-35% cheaper than 3D NANDs and low cell efficiency of the 3D NANDs may restrain the growth of the 3D NAND flash memory chip market.
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Further key findings from the report suggest
- The 3D NAND flash memory chip market is segmented by product type into SSD, flash drive, and SD card. The SSD segment is expected to witness highest growth of approx. CAGR of 25.67% during the forecast period, due the rising demand for Solid state drivers in data centers and enterprises. The SSD segment is further categorized into Single-Level Cell (SLC), Multi-Level Cell (MLC) and Triple-Level Cell (TLC), out of which TLC dominates the market since it offers lower cost of per gigabyte, as compared to the MLC and TLC.
- The 3D NAND flash memory chip market is segmented by application into smartphones, tablets, laptops & personal computers (PCs), digital camera, and audio players. Smartphone segment is expected to witness highest growth of CAGR 26.59% during the forecast period, due to adverse adoption of smartphones across all sectors, across all sectors and organizations for various purposes, such as transactions, e-commerce, e-governance, and e-banking, globally.
- The 3D NAND flash memory chip market is segmented by end users into client and enterprise. Enterprise segment is expected to witness highest growth CAGR of 26.83% during the forecast period, since the segment requires large data backup memory solutions, due to the generation of tons of data every minute.
- The 3D NAND flash memory chip Market is segmented by Geography into North, America, Europe, Asia Pacific and Rest of the World. APAC, since has completely adopted mobile phones across multiple industries, is expected to witness the highest growth in its CAGR 26.93% during the forecast period. Moreover, the growth of the semiconductor industry in this region is again a contributing factor for the growth of the segment.
- Key players with in 3D NAND flash memory chip market are Advanced Micro Devices, Ltd., SK Hynix Semiconductor, Inc., Samsung Electronics Co., Micron Technology, Inc., Apple Inc., Intel Corporation, Toshiba Corporation, Lenovo Group Ltd., SanDisk Corporation and STMicroelectronics.
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For the purpose of this report, the market has been segmented on the basis of product type, applications, end users and regional analysis.
- 3D NAND flash memory chip Market by product type (Revenue, USD Million; 2018-2026)
- SSD
- Single-Level Cell (SLC)
- Multi-Level Cell (MLC)
- Triple-Level Cell (TLC)
- Flash drive
- SD card
- 3D NAND flash memory chip Market by applications (Revenue, USD Million; 2018-2026)
- Smartphones
- Tablets
- Laptops & personal computers (PCs)
- Digital camera
- Audio players
- 3D NAND flash memory chip Market, by end users (Revenue, USD Million; 2018-2026)
- Clients
- Enterprises
- 3D NAND flash memory chip Market Regional Outlook (Revenue, USD Million; 2018-2026)
- North America
- US
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Middle East & Africa
- Latin America
- Brazil
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