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SLC NAND Flash Memory Market Size by Key Players, Growth Factors, Regions and Applications, Industry Forecast By 2025

The global SLC NAND flash memory market accounted to US$ 1.15 Bn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 – 2027, to account to US$ 1.98 Bn by 2027.

In terms of volume, the global Slc Nand Flash memory market accounted to 142 Mn units in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 – 2027, to account to US$ 260.5 Mn units by 2027.

Geographically, the SLC Nand Flash Memory market is segmented into North America, APAC, Europe, RoW regions. Asia Pacific led the SLC NAND flash memory market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years to during the forecast period. Growing usage of the semiconductor based electronic devices in various industry verticals owing to the advent of IoT and Industrial IoT is one major factor driving the demands for these products.

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The key players influencing the market are:

  • Cypress Semiconductor
  • Intel Corporation
  • Kingston Technology Europe Co LLP
  • Microchip Technology Inc.
  • Micron Technology Inc.
  • Samsung Electronics Co Ltd.
  • SK Hynix Semiconductor Inc.
  • Toshiba Corporation
  • Western Digital Corporation
  • Winbond Electronics Corporation
  • Fudan Microelectronics (FMSH)

The North America is the second-largest market in the SLC NAND flash memory market. Apart from Asia Pacific and North America, Europe remains at the third-largest geographic segment in the SLC NAND flash memory market. In Europe, such as France, the UK, and others countries has experienced rules and regulations formulated by the government for the rollout of autonomous cars, and therefore, the scope of SLC NAND flash memory in autonomous vehicles is rising. The production and adoption of consumer electronics in the Asian market, provides SLC NAND flash memory providers with high growth opportunities in the region.

Increasing digitalization and arrival of data-centric applications

The rapidly increasing data-centric applications of SLC NAND flash memories in numerous industry verticals worldwide coupled with the burgeoning prominence of mobile devices and connected technology is expected to offer an impetus growth in the demand for SLC NAND flash memories.  The rising demand by the IT companies for making the computer’s system further secured and enhance its efficiency is expected to drive innovative applications of SLC NAND flash memories. The factor is subsequently anticipated to encourage the SLC NAND flash memory market growth during the forecast period

Rising penetration of driverless cars to offer a robust platform

The trends such as car telematics, easy-to-use and interactive infotainment systems are emerging at rapid rates and being developed with a focus on driver and passenger safety. Also, the implementation of other safety features have resulted in the reduced number of car accidents as well as fatalities in the last decade. Vehicles of today come with increased computing power, and this has been realized owing to the increasing electronic integrations into the vehicles. Rising demand for autonomous cars, particularly in developed countries like U.S and U.K is anticipated to contribute to the demand growth of SLC NAND flash memories. This is expected to provide huge opportunities for SLC NAND flash memory companies and thus, positively impacting the SLC NAND flash memory market.

Density Insights

The SLC NAND flash memory market by application is further segmented into 1Gb, 2Gb, 4Gb, 8Gb, and above 8Gb. The above 8Gb segment of the SLC NAND flash memory market dominated the application segment and is expected to dominante the market throughout the forecast period from 2019 – 2027. The With continuous development in embedded applications such as 3G/4G data card and mobile phones, demand for high density of flash memory products such as 8Gb grows.

Type Insights

The global SLC NAND flash memory market by type is segmented into series and parallel. Parallel NAND segment dominates the SLC NAND flash memory market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. The SLC NAND demands 1 bit ECC and different platforms with NAND interface which are proficient at accessing it precisely. The NAND Flash memory solutions are heavily utilized at a myriad of applications such as IoT, storage, automotive, networking, mobile phones, set-top box, DSL, and other applications.

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