Registering a CAGR of 16.8% over the forecast period, the market value of 3D NAND Flash Memory is expected to reach US$ 72300 million in the year 2027.
3D NAND flash memory offers Various advantages such as Improved performance, Increased scalability, Improved stability, Increased durability, and excellent reliability as compared to planer or 2D NAND flash memory. As a result, these devices are increasingly being used in electronic devices with high endurance storage and performance, such as laptops, smartphones, and tablets.
The primary factor that has piqued the interest of major semiconductor industry players in the 3D NAND flash memory market is the increased incorporation of advanced flash memory technologies in enterprise applications and consumer electronic products.
The rapidly increasing demand for solid-state drives (SSD) with increased memory space for devices such as laptops, tablets, and smartphones is a major factor that has contributed to the growth of 3D NAND flash memory sales. Furthermore, the growing demand for miniaturized form flash memory with high memory storage capabilities has resulted in increased research and development activities for advanced 3D NAND Flash memory, which is expected to favor market growth.
The global 3D NAND flash memory market is growing due to an increase in space constraints on the semiconductor wafer, high performance and low latency of 3D NAND flash memory, and increased demand for data centers. However, the precision required during manufacturing and the high manufacturing costs limit the market growth. On the other hand, the rise in the internet of things penetration opens up new opportunities in the coming years.
The global 3D NAND Flash Memory includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Samsung, Kioxia, WDC, Micron, SK Hynix, Intel and others.
Samsung Unveils Its First ZNS SSD With Increased User Capacity and Longevity
Jun 02, 2021—Samsung Electronics, the world leader in advanced memory technology, today announced the PM1731a, a new enterprise solid-state drive (SSD) with Zoned Namespace (ZNS) technology. The SSD will maximize available user capacity and provide an extended lifespan in the storage server, data centers, and cloud environments by leveraging ZNS.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The North America 3D NAND flash memory market is anticipated to register growth at a rapid CAGR over the forecast period 2022-2027.
Increasing sales of consumer electronic devices such as cameras, smart television, laptops, tablets, and others across the U.S. and Canada have resulted in high demand for memory solutions such as 3D NAND flash memory in the market. With 5G wireless communication technology on its way, the penetration of the internet and smartphones is expected to shoot up. As per the Ericsson Mobility Report, 5G subscriptions are expected to account for 55% of mobile subscriptions across the North American region by the end of 2024. This is expected to compel smartphone manufacturers to launch latest models with 5G compatibility.
The 3D NAND Flash Memory Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global 3D NAND Flash Memory Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers 3D NAND Flash Memory Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this 3D NAND Flash Memory Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | 3D NAND Flash Memory Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Samsung, Kioxia, WDC, Micron, SK Hynix, Intel |
Forecast Period 2022 to 2027 CAGR | CAGR of 16.8% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Samsung, Kioxia, WDC, Micron, SK Hynix, Intel |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 138 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The 3D NAND Flash Memory Market is studied from 2017 - 2027.
What is the growth rate of the 3D NAND Flash Memory Market?
The 3D NAND Flash Memory Market is growing at a CAGR of 16.8% over the next 5 years.
Who are the key players in 3D NAND Flash Memory Market?
Samsung, Kioxia, WDC, Micron, SK Hynix, Intel
What regions does this 3D NAND Flash Memory Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of 3D NAND Flash Memory Market?
MLC Type, TLC Type, Others
What are the major end-use applications of 3D NAND Flash Memory Market?
SSD, Consumer Electronics
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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