Flash memory market outlook - 2027
Flash memory technically is a non-volatile electronic computer storage technology which means that it can be electrically deleted and reprogrammed. On basis of technology, two types of flash memory are named after the logic gates of NAND and NOR. It has application in drives, random computer access memory (RAM), solid state drives (SSDs), hybrid drives, digital camera, handsets, graphics cards, memory cards, pagers, among others. Flash memory goods with peripheral component interconnect express have increased demand in enterprise applications and consumer devices. Flash-equipped devices, retain data for extended durations, whether the device is turned on or off.
The global flash memory market is segmented on the basis of Type, Industry Vertical, and Application. Based on Type, the flash memory market is divided into (NAND flash memory (Universal Serial Bus (USB) Drives, Hard Disk Drives (HDDs), Solid State Drives (SDDs)), and NOR flash memory (Serial NOR Flash, Parallel NOR Flash)), and others. On the basis of Industry Vertical, the market is categorized into (Telecommunication, Consumer Electronics, Automotive & Transportation, Manufacturing, Energy & Power, Healthcare, and Retail), and others. On the basis of Application into Wireless Communication Devices, Networking Equipment, and PC-Related Products Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global flash memory industry include Cypress Semiconductor Corporation, Micron Technology, Inc., GigaDevice Semiconductor (Beijing) Inc., Macronix International Co., Ltd., Winbond, Toshiba Corp., Intel Corporation, SAMSUNG, Seagate Technology LLC, SK HYNIX INC. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
COVID-19 scenario Analysis:
- COVID-19 outbreak has caused a temporary delay in production, increased cost and revenue losses in the image sensor market.
- Samsung has closed some of its facilities and stores to support social distancing efforts of the world which is anticipated to affect its operations. Samsung is offering a one-month extension for customers whose manufacturer warranty expires while their services are not available due to COVID-19 pandemic.
- Intel factories around the globe continue to operate on a relatively normal basis and sustains their manufacturing, assembly, test and supply chain operations in New Mexico, Oregon, California and Arizona, as well as Malaysia, Israel, Ireland, China, Vietnam and other Intel and partner locations around the world.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The primary driving force behind the global flash memory market size continued rapid growth in their use on mobile phones. Additionally, the cellular multifunction phone creates demand for higher memory capacities. Some of the factors driving the global flash memory market are high data transmission rate, less power usage, small size, light weight, less heat production and long life. Traditional rotating disk technology focused on magnetic storage had penetrated the computing industry. With falling flash memory prices and improvements in semiconductor technology, the industry is substituting the hard drives with flash-based solid-state memory. Advances in semiconductor technology (such as rotating disk technology) and lowering flash memory prices are also intended to yield the global flash memory market a big boost in the coming years.
The global flash memory market trend are as follows:
Retail industry to grow at the highest rate
For the retail industry, the non-volatile memory market is driven mainly by digital transformation in the retail sector. The new and systematic retail processes are data-intensive and are supported by consistent computing. Retailers are highly reliant on incorporating technology into their processes to remain competitive in the industry. The numerous selling points, inventory monitoring, and other tools in the retail industry drive demand for non-volatile memory use.
Asia-Pacific holds biggest non-volatile memory market size
Due to scope of flash memory in various applications, the Asia-Pacific creates various opportunity and can be a key market for non-volatile memory in the future. Due to high population density in the Asia-Pacific creates a high-potential consumer electronics products market. Further, increase in demand of non-volatile memory for consumer electronics products drives mass production of non-volatile memory industry in Asia-Pacific. Another major factor that catalyzes the demand for plash memory in the Asia-Pacific market is well-established market demand for hard disk drives and installations of flash memory in other manufacturing products consumer electronics.
For a long time, NOR flash memory has been used to store code and direct program execution in portable electronic devices such as mobile phones and personal digital assistants (PDA). The advent of smartphones and the use of NAND flash, however, has impacted NOR flash memory applications. Market players integrate flash memory in the devices that offer features such as fingerprint scanners, gesture control, and GPS for storage of memory-based data on a temporary basis. Furthermore, this integration of flash memories in latest technologies boosts the requirement for flash memory which can be used as smartphone code storage media.
Key benefits of the report:
- This study presents the analytical depiction of the global flash memory industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global flash memory market share.
- The current market is quantitatively analyzed to highlight the global flash memory market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global flash memory market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the flash memory market research report:
- Which are the leading market players active in the flash memory market forecast?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the flash memory market?
- What are the projections for the future that would help in taking further strategic steps?
Flash Memory Market Report Highlights
| Aspects | Details |
 By Type |
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 By Component |
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 By Application |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | SK Hynix Inc., Micron Technology, Inc., Macronix International Co., Ltd., Samsung Electronics Co Ltd, Winbond, Toshiba Corp., Infineon Technologies, KIOXIA Holdings Corp., ON Semiconductors, Seagate Technology LLC, Intel Corporation |
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