Secure Digital Card Market Expected to Reach $13 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Secure Digital Card Market By Size (Micro SD Card, SD Card, Mini SD Card), By Application (Digital Cameras, Tablets, Mobile Phones, Others): Global Opportunity Analysis And Industry Forecast, 2022-2031". The secure digital card market was valued at $8.8 billion in 2021, and is estimated to reach $13 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. The launch of the fastest and largest capacity SD memory cards by companies is expected to accelerate the growth of the global secure digital (SD) memory card market in the near future. 

Secure Digital (SD) cards are storage devices that can be used in car navigation systems, cell phones, e-books, PDAs, smartphones, digital cameras, music players, digital video cameras, personal computers, and other devices to increase storage capacity. SD cards come in different sizes such as mini SD card and micro SD card. Additionally, SD cards are non-volatile memory cards whose size and performance make them a popular choice over standard flash storage devices.  

In order to attract customers and boost sales, businesses are incorporating cutting-edge features into SD cards. The global market for SD memory cards is seeing the introduction of features like free software, a memory-expanding option, and waterproof SD cards that can withstand harsh weather. Manufacturers offer a large quantity of data recovery software. For instance, in September 2021, Samsung launched the new EVO Plus and PRO Plus memory card families that are specially designed for professionals, videographers, and content creators. These factors contribute to secure digital card market trends.

Secure Digital (SD) memory cards are widely used in portable devices. 2D SLC NAND (SLC is the fastest and most reliable 2D planar technology) has long been considered the perfect foundation for robust, high-quality storage solutions, but 3D NAND technology is now a real breakthrough has achieved. 3D NAND flash technology, which stacks flash memory cells vertically, has emerged as the best solution for memory cards for robust and secure industrial applications. Advances in NAND technology may drive the application of SD memory cards. In addition, the increasing use of mobile phones worldwide also contributes to the secure digital card market growth.  

The secure digital card market is segmented on the basis of size, application, and region. By size, the market is segmented into mini SD card, micro SD card, and SD card. By application, the market is categorized into mobile phones, tablets, digital cameras, and others. Region-wise, the secure digital card market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).  

The outbreak of COVID-19 has significantly impacted the growth of the global secure digital card sector in 2020, owing to the significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdowns, globally.  

According to Vaishnavi Mate, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, “The global secure digital card market share is expected to witness considerable growth, owing to rising demand for connected devices that require more storage space and the growing use of portable devices like mobile phones. This market's expansion is also influenced in large part by technological advancements like the Internet of Things (IoT). This market is expanding at a positive rate due to the growing popularity of gaming and a variety of applications. Furthermore, the launch of the fastest and largest capacity SD memory cards by companies is expected to accelerate the growth of the global secure digital (SD) memory card market in the near future.” 

According to secure digital card market analysis, Country-wise, the China region holds a significant share in the global secure digital SD card market, owing to the presence of prime players. Major organizations and government institutions in this country are intensely putting resources into this global secure digital card. These prime sectors have strengthened the secure digital multimedia card market growth in the region.  

KEY FINDINGS OF THE STUDY 

• In 2021, by size, the micro SD card segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period. 

• By application, the segment of the digital camera was the highest revenue contributor to the market, with $4,601.4 million in 2021. 

• Region-wise, the Asia-Pacific segment is a major contributor to the secure digital card market size, accounting for the highest revenue share in 2021.  

The secure digital card market key players profiled in the report include SanDisk Corporation, Transcend Information, ADATA Technology Co., Ltd., Toshiba Corporation, Samsung Electronics Co Ltd., Sony Corporation, Panasonic Corporation, Micron Technology Inc., Kingston Technology, and PNY Technologies Inc. The market players have adopted various strategies, such as product launches, collaborations & partnerships, joint ventures, and acquisitions to expand their foothold in the secure digital card industry.