NAND Flash Market by Technology, Application, Type, and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR43660
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The NAND flash market size has the potential to grow by USD 8.26 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by technology (TLC, MLC, and SLC), application (smartphones, SSDs, memory cards, and others), type (3D NAND and 2D NAND), and geography (APAC, Europe, MEA, North America, and South America). 

NAND Flash Memory Market Size

NAND Flash Memory Market Size

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Who are the Major NAND Flash Market Vendors?

This NAND flash market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Cypress Semiconductor Corp.
  • Intel Corp.
  • Kingston Technology Co. Inc.
  • Marvell Technology Group Ltd.
  • Micron Technology Inc.
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • SK HYNIX, Inc.
  • Toshiba Corp.
  • Western Digital Corp.

The NAND flash market is concentrated. The existing vendors in the market have economies of scale and an established customer base. Therefore, it is difficult for vendors to capture competitors’ customer base. Therefore, vendors in the market are investing in new manufacturing process technologies for the development of advanced NAND flash memory ICs built on low technology nodes. As a result, competition in the market is intensifying, and each vendor is trying to adopt different strategies such as product development, M&A, and partnerships to stay competitive and gain market share. This NAND flash market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies.

Market drivers such as the growing need for high-density storage to support smartphone applications will create immense growth opportunities for vendors. However, challenges such as the availability of substitutes may impede the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Which are the Key Markets for NAND Flash?

NAND Flash Memory Market Share by Geography

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APAC will offer several growth opportunities to market vendors during the forecast period. The presence of a large number of consumer electronic device manufacturers and the availability of raw materials and the low establishment and labor costs will significantly drive NAND flash market growth in this region over the forecast period.

79% of the market’s growth will originate from APAC during the forecast period. China, Japan, South Korea (Republic of Korea), and Taiwan are the critical markets for NAND flash in APAC. Market growth in this region will be slower than the growth of the market in North America during the forecast period.

What are the Major Technology Segments in the NAND Flash Market?

NAND Flash Memory Market Share by Technology

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MLC architectures can store two bits per cell, are less expensive than SLCs, and have a high storage density. Moreover, MLC-based NAND flash modules are used in commercial and consumer-grade applications. Therefore, the NAND flash market share growth by the MLC segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the NAND flash market size.

An in-depth scenario-based approach was followed in this NAND flash market research report to identify the direct and indirect impact of COVID-19 on market growth. Buy the full market research report to gain actionable insights on the influence of COVID-19 on NAND flash market segments.

What are the Key NAND Flash Market Drivers and Trends?

Smartphones are being integrated with advanced technologies such as AI, facial recognition, fingerprint scanners, and voice recognition, and haptics. Rising adoption of internal memory because of the increasing number of mobile application downloads has led to the removal of SD card slots in smartphones. This is compelling manufacturers to introduce products with high memory capacity. With the demand for high-density storage to support next-generation smartphone applications, vendors are focusing on R&D activities to add innovative features in smartphones. This will subsequently drive NAND flash market growth during the forecast period.

  • NAND flash market trends, such as the growing interest in eco-labeled products, will also influence market growth.
  • EPD-certified NAND flash SSDs are integrated into green data centers to minimize environmental impact.
  • Investments in green data centers are leading to ample opportunities for vendors to develop EPD labeled NAND flash products and increase their market revenue.
  • As a result of such factors, the market will register a CAGR of almost 3% during 2020-2024.

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Key Highlights of the NAND Flash Market Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive NAND flash market growth during the next five years
  • Precise estimation of the NAND flash market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the NAND flash market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of NAND flash market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Smartphones - Market size and forecast 2019-2024
  • SSDs - Market size and forecast 2019-2024
  • Memory cards - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • TLC - Market size and forecast 2019-2024
  • MLC - Market size and forecast 2019-2024
  • SLC - Market size and forecast 2019-2024
  • Market opportunity by Technology

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • 3D NAND - Market size and forecast 2019-2024
  • 2D NAND - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Cypress Semiconductor Corp.
  • Intel Corp.
  • Kingston Technology Co. Inc.
  • Marvell Technology Group Ltd.
  • Micron Technology Inc.
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • SK HYNIX Inc.
  • Toshiba Corp.
  • Western Digital Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The nand flash market growth will increase by $8.26 billion during 2019-2024.
The nand flash market is expected to grow at a CAGR of 2.97% during 2019-2024.
Technavio has segmented the nand flash market by technology (TLC, MLC, and SLC) ,application (Smartphones, SSDs, Memory cards, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
Cypress Semiconductor Corp., Intel Corp., Kingston Technology Co. Inc., Marvell Technology Group Ltd., Micron Technology Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., SK HYNIX Inc., Toshiba Corp., Western Digital Corp. are a few of the key vendors in the nand flash market.
APAC will register the highest growth rate of 78.57% among the other regions. Therefore, the nand flash market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Japan
  • South Korea (Republic of Korea)
  • US
  • Taiwan
The key factors driving the nand flash market growth are:
  • Growing investments in fabrication facilities
  • Rise in number of strategic partnerships and acquisitions
The nand flash market vendors should focus on grabbing business opportunities from the tlc segment as it accounted for the largest market share in the base year.
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