Flash Memory Market 2017-2021

The infographic below contains key findings from our analysis of the flash memory market   

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Overview of the global flash memory market

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.

Competitive landscape and key vendors

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 -

• Samsung
• SK Hynix
• Toshiba
• Western Digital

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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Segmentation by application and analysis of the flash memory market

• Mobile devices
• Personal Computer (PC)
• Cameras and camcorders
• Wearables
• Infotainment systems
• Audio players
• Instrument clusters

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.

Segmentation by product and analysis of the flash memory market

• Smartcards
• Universal Serial Bus (USB)
• Memory cards
• Solid State Drive (SSD)
• Internal Storage

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global flash memory market?
• What are the key market trends impacting the growth of the global flash memory market?
• What are the challenges to market growth?
• Who are the key vendors in the global flash memory market?
• What are the market opportunities and threats faced by the vendors in the global flash memory market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global flash memory market?

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