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The infographic below contains key findings from our analysis of the flash memory market
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Technavio’s flash memory market analysis report identifies the increase in sales of smartphones and tablets as one of the primary growth factors for the market. There is an increasing preference of to stay connected to the internet for various purposes such as accessing social networking sites, data synchronization, web browsing, checking emails, and using GPS applications for navigation. This will increase the demand for smartphones and tablets due to their portability, flexibility, and internet connectivity. The consumers use their smartphones and tablets for various apps, resulting in high space requirements, this subsequently increases the demand for flash memory. Our flash memory market research report estimates that the market will grow steadily at a CAGR of more than 11% by 2021.
Th increase in R&D expenditure will be one of the key trends that will gain traction in the flash memory market during the next four years. The key vendors in the thumb drive market are making significant investments in R&D to include capabilities like high read and write speed in addition to high capacity flash memory at a low and affordable cost. R&D activities resulted in the smallest, highest-capacity memory that is suitable for flexible and transparent devices like computers, television screens, and bendable mobile phones. The high R&D investments have enabled the firms to gain competitive advantage and significant market share in the competitive market.
The flash memory market is highly concentrated due to the presence of several well-established players that occupy significant market share offering diverse range of products in the market. The competition among the USB flash drive providers is intense due to the homogeneity of the products offered. The vendors are increasingly focusing on storage capacity, compatibility, and reliability of stored data. Technological advances and product expansions will further increase the competition in the market. To attain a competitive edge over their competitors, the players in the market focus on offering customized memory cards.
The leading vendors in the market are -
The other prominent vendors in the market are ADATA, Cactus, Delkin, Eye-Fi, Hoodman, KINGMAX, Lexar (Micron Consumer Products Group), PNY Technologies, Sony, Starline International Group, Strontium, and Intel.
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Flash memory is highly useful in mobile devices as these devices demand for efficient and effective storage system to store the SMS, call records, multimedia files, and others due to the vast information being stored, sent, and analyzed through the mobile devices. These devices also have the need to be equipped with an efficient code storage system that stores the operating system and applications software.
The consumers are increasing demanding for high density internal storage memory in products such as mobile devices, cameras, wearables, and audio players to store the operating systems and product application in addition to other data. According to this industry research report, the internal storage segment will account for the major shares of this market throughout the next four years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by technology
PART 08: Market segmentation by product
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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