NAND Flash Memory Market

NAND Flash Memory Market – Global Industry Demand, Global Research, Top Leading Player, Emerging Trends and Region

Research Insights

NAND Flash technology delivers a cost-effective solution for applications demanding solid-state storage and high density. NAND Flash design together with NOR Flash construction dominates the NAND Flash Memory Market. Thus, NAND Flash’s various characteristics which includes low power, scalable design, cost effective and high-density, make it an ideal choice to fuel the demand of new multimedia products which are entering the global market. In addition, current memory designs are moving to NAND Flash to take various advantage that includes lower cost and higher density for high performance applications.In recent trends, a number of applications have been catered by NAND flash memory.

Additionally, NAND flash memory have been developed and commercialized recently for various memory application which includes mobile phones, solid state drives, MP3/PMP players, Flash memory cards and USB Flash drives. Therefore, the NAND Flash Memory market is predicted to witness a steady growth during the projection period from 2017 to 2025. However, more advanced NAND devices and higher density devices may have additional features and different parameters have added extra benefit for consumer storage, audio, and video products among others. This in turn is fuelling the demand of NAND Flash Memory market during the forecast period.

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Geographically, global NAND Flash Memory market has been segmented into North America, Europe, Asia Pacific, Middle- East and Africa (MEA), Latin America. In 2016, Asia Pacific held the largest share of the NAND Flash Memory market due to the high technological adoption of memory devices in consumer electronics and enterprise storage sectors among other industries in this region. North America is estimated to be the second largest market for NAND Flash memory market currently, followed by Europe. Furthermore, in Asia Pacific region owing to industrially developing economies in China, South Korea and India is enhancing the demand for Global NAND Flash Memory market. Furthermore, global memory devices manufacturers are now adopting various strategy of joint ventures and collaboration to extend their business and market share in global NAND Flash Memory market.

The key players operational in the global NAND Flash Memory market includesSamsung (South Korea), Toshiba (Japan), SanDisk (The U.S), Micron Technology (The U.S), Hynix (South Korea), Intel (The U.S), Numonyx (Switzerland), Spansion (The U.S), Powerchip Technology Corporation (Taiwan) and Renesas Electronic (Japan) among others.

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