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NAND Flash Memory Market Share, Opportunities, Industry 2031
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NAND Flash Memory Market Share, Opportunities, Industry 2031

Segments - NAND Flash Memory Market Type (SLC [One-Bit Per Cell], MLC [Two-Bit Per Cell], TLC [Three-Bit Per Cell], and QLC [Quad Level Cell]), Structure (2-D and 3-D), Application (Smartphone, SSD, Memory Card, Tablet, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-4638 | 4.5 Rating | 76 Reviews | 197 Pages | Format : PDF Excel PPT

Report Description


The global NAND flash memory market size was valued at USD 70.51 Billion in 2022 and is estimated to reach USD 119.13 Billion by 2031, expanding at a CAGR of 6% during the forecast period, between 2023-2031. With rising use of computers and smartphones, the consumption of NAND flash memory is also increasing relatively, which is driving the market.

NAND flash memory is a type of non-volatile storage technology that can electrically be erased and reprogrammed. Various features of NAND flash memory, such as low power, scalable design, cost-efficiency, and high density, make it an ideal choice for memory storage, which is anticipated to fuel the demand for NAND flash memory during the forecast period.

NAND Flash Memory Market Outlook

The main feature of NAND flash memory is to provide low-cost storage per bit and increase maximum chip capacity. MP3 players, digital cameras, and USB flash drives use NAND technology. NAND memory cells are made up of two types of gates, namely, control and floating gates. NAND flash saves data as blocks and relies on electric circuits to store data.

The COVID-19 pandemic had a significant impact on the market. At the beginning of the pandemic, the market faced disruptions in the supply chain and a reduction in production owing to the shortage of labor. Major market players were impacted by the pandemic owing to the travel restrictions as a result this impacted the market growth. However, the pandemic further boosted the market revenue for some companies including Qualcomm and AMD, which is expected to turn the market situation for NAND flash memory chips.

NAND Flash Memory Market Dynamics

Major Drivers 

Increasing storage capacity provided by NAND flash memory to the end-users is anticipated to drive the market. Consumer products such as tablets, cameras, sensors, automotive systems, and medical devices depend on flash memory to save and store data, which is expected to fuel the NAND flash memory market. Surging demand for flash memory for artificial intelligence and machine learning applications boosts the NAND flash memory market.

Existing Restraints

Fluctuations in the production and supply line of flash memory during the pandemic period restrained the growth of the market. The rising cost of flash memory is estimated to hamper the global NAND flash memory market.

Emerging Opportunities

The current macro trends of AI and machine learning, mobility, and connectivity are favorable to the NAND flash memory market, which provides growth opportunities for the market players.

Scope of NAND Flash Memory Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

NAND Flash Memory Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Type (SLC [One-Bit Per Cell], MLC [Two-Bit Per Cell], TLC [Three-Bit Per Cell], and QLC [Quad Level Cell]), Structure (2-D and 3-D), and Application (Smartphone, SSD, Memory Card, Tablet, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 SAMSUNG; Intel Corporation; Micron Technology, Inc.; SK HYNIX INC.; Western Digital Corporation; KIOXIA America Inc.; ATP Electronics,Inc.; Renesas Electronics Corporation.; Powerchip Semiconductor Manufacturing Corporation.; Infineon Technologies AG; Everspin Technologies Inc.; IBM Corporation; ADATA Technology Co., Ltd.; Kingston Technology Europe Co LLP.

NAND Flash Memory Market Segment Insights

Type Segment Analysis

Based on type, the NAND flash memory market is segmented into SLC, MLC, TLC, and QLC. The SLC (single-level cell) segment accounted for a key share of the NAND flash memory market in 2021 and is anticipated to dominate the market.

SLC drive provides better quality and durability than other drives, which makes it an ideal choice of drive in the market. MLC drive has a shorter life span than SLC drive, which provides it an edge over MLC drive. These factors fuel the SLC segment.

NAND Flash Memory Market Types

Structure Segment Analysis

In terms of structure, the NAND flash memory market is bifurcated into 2-D and 3-D. The 3-D structure segment dominated the market in 2021 and is expected to grow at a rapid pace. A 3-D NAND structure provides better endurance and storage space than a 2-D structure.

In 3-D structure, cells are stacked vertically and in layers, resulting in speed and high performance. 3-D NAND structure is preferred for small chassis servers, as it is small, requires little space to install, and consumes less power than a 2-D structure.

Application Segment Analysis

On the basis of application, the NAND flash memory market is classified into smartphone, SSD, memory card, tablet, and others. Increasing use of NAND flash memory in smartphones is expected to propel the market.

Flash memory has become an essential part of smartphones, as it enhances the performance of smartphones. Manufacturers are integrating features such as gesture control, fingerprint scanners, and GPS into the devices. This is boosting the demand for NAND flash memory, which is used as code storage media for smartphones.

NAND Flash Memory Market Application

Regional Analysis

Based on regions, the NAND flash memory market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is one of the largest markets for NAND flash memory globally and the market in Asia Pacific is estimated to keep growing in the forecast period.

High demand for NAND flash memory from the end-users for multiple applications, majorly for smartphones, is expected to drive the market, especially in countries such as China, India, and Indonesia.

NAND Flash Memory Market Region

Segments

The global NAND flash memory market has been segmented on the basis of

Types

  • SLC (One-Bit Per Cell)
  • MLC (Two-Bit Per Cell)
  • TLC (Three-Bit Per Cell)
  • QLC (Quad Level Cell)

Structures

  • 2-D
  • 3-D

Applications

  • Smartphone
  • SSD
  • Memory Card
  • Tablet
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • SAMSUNG
  • Intel Corporation
  • Micron Technology, Inc.
  • SK HYNIX INC.
  • Western Digital Corporation
  • KIOXIA America Inc.
  • ATP Electronics,Inc.
  • Renesas Electronics Corporation.
  • Powerchip Semiconductor Manufacturing Corporation.
  • Infineon Technologies AG
  • Everspin Technologies Inc.
  • IBM Corporation
  • ADATA Technology Co., Ltd.
  • Kingston Technology Europe Co LLP

Competitive Landscape

Key players in the global NAND flash memory market are SAMSUNG; Intel Corporation; Micron Technology, Inc.; SK HYNIX INC.; Western Digital Corporation; KIOXIA America Inc.; ATP Electronics,Inc.; Renesas Electronics Corporation.; Powerchip Semiconductor Manufacturing Corporation.; Infineon Technologies AG; Everspin Technologies Inc.; IBM Corporation; ADATA Technology Co., Ltd.; Kingston Technology Europe Co LLP. These players are engaged in partnerships and acquisitions to maintain their position in the market.

NAND Flash Memory Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. NAND Flash Memory Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. NAND Flash Memory Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. NAND Flash Memory Market - Supply Chain
  4.5. Global NAND Flash Memory Market Forecast
     4.5.1. NAND Flash Memory Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. NAND Flash Memory Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. NAND Flash Memory Market Absolute $ Opportunity
5. Global NAND Flash Memory Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. NAND Flash Memory Market Size and Volume Forecast by Types
     5.3.1. SLC (One-Bit Per Cell)
     5.3.2. MLC (Two-Bit Per Cell)
     5.3.3. TLC (Three-Bit Per Cell)
     5.3.4. QLC (Quad Level Cell)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global NAND Flash Memory Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. NAND Flash Memory Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global NAND Flash Memory Demand Share Forecast, 2019-2026
7. North America NAND Flash Memory Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America NAND Flash Memory Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America NAND Flash Memory Market Size and Volume Forecast by Types
     7.4.1. SLC (One-Bit Per Cell)
     7.4.2. MLC (Two-Bit Per Cell)
     7.4.3. TLC (Three-Bit Per Cell)
     7.4.4. QLC (Quad Level Cell)
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America NAND Flash Memory Demand Share Forecast, 2019-2026
8. Latin America NAND Flash Memory Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America NAND Flash Memory Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America NAND Flash Memory Market Size and Volume Forecast by Types
     8.4.1. SLC (One-Bit Per Cell)
     8.4.2. MLC (Two-Bit Per Cell)
     8.4.3. TLC (Three-Bit Per Cell)
     8.4.4. QLC (Quad Level Cell)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America NAND Flash Memory Demand Share Forecast, 2019-2026
9. Europe NAND Flash Memory Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe NAND Flash Memory Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe NAND Flash Memory Market Size and Volume Forecast by Types
     9.4.1. SLC (One-Bit Per Cell)
     9.4.2. MLC (Two-Bit Per Cell)
     9.4.3. TLC (Three-Bit Per Cell)
     9.4.4. QLC (Quad Level Cell)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe NAND Flash Memory Demand Share Forecast, 2019-2026
10. Asia Pacific NAND Flash Memory Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific NAND Flash Memory Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific NAND Flash Memory Market Size and Volume Forecast by Types
     10.4.1. SLC (One-Bit Per Cell)
     10.4.2. MLC (Two-Bit Per Cell)
     10.4.3. TLC (Three-Bit Per Cell)
     10.4.4. QLC (Quad Level Cell)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific NAND Flash Memory Demand Share Forecast, 2019-2026
11. Middle East & Africa NAND Flash Memory Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa NAND Flash Memory Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa NAND Flash Memory Market Size and Volume Forecast by Types
     11.4.1. SLC (One-Bit Per Cell)
     11.4.2. MLC (Two-Bit Per Cell)
     11.4.3. TLC (Three-Bit Per Cell)
     11.4.4. QLC (Quad Level Cell)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa NAND Flash Memory Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global NAND Flash Memory Market: Market Share Analysis
  12.2. NAND Flash Memory Distributors and Customers
  12.3. NAND Flash Memory Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SAMSUNG Intel Corporation Micron Technology, Inc. SK HYNIX INC. Western Digital Corporation KIOXIA America Inc. ATP Electronics,Inc. Renesas Electronics Corporation. Powerchip Semiconductor Manufacturing Corporation. Infineon Technologies AG Everspin Technologies Inc. IBM Corporation ADATA Technology Co., Ltd. Kingston Technology Europe Co LLP

Methodology

Our Clients

FedEx Logistics
Dassault Aviation
General Electric
Honda Motor Co. Ltd.
Siemens Healthcare
General Mills
The John Holland Group
Microsoft