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3D NAND Flash Memory Market Propelled by NAND Storage Superiority in ADAS

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Palli Prapul
3D NAND Flash Memory Market Propelled by NAND Storage Superiority in ADAS

3D NAND is an updated version of NAND that enables greater speed with lesser power consumption and more cost efficiency. An IndustryARC report presented that 3D NAND flash memory market size, which stood at $9.57 billion in 2018, is estimated to grow with a CAGR of 26.75% over the forecast period 2019-2025.

The report titled, “3D NAND Flash Memory Market: By Product (Smartphones, Tablets, Laptops, Consumer Electronics, and Others); By Application (Consumer Electronics, Industrial, Healthcare, Automotive and Others) & Geography Forecast (2019 - 2025)”, offers an in-detail analysis of 3D NAND flash memory market growth drivers and trends which are helpful for new market players to enter into the market place and excel in the respective business. The report covers 3D NAND Flash Memory Market size by type and applications, 3D NAND Flash Memory Market share by top 5 companies and also the market share by start-ups during the forecast period.

View Full Table of Contents of 3D NAND Flash Memory Market:
https://www.industryarc.com/Report/15309/3d-nand-flash-memory-market.html

Report Price (Single User): US $3850

3D NAND Flash Memory Market: Leading Segments

APAC is the leading region, accounting for a share of 34.12% in the global 3D NAND flash memory market in 2018. It is due to the increase in requirement for storage units for automatic data processing machines in the APAC countries such as China, Japan and India. According to International Trade Centre (ITC), the import value of storage units globally was recorded as $85.39m in 2018. China occupied 26.4% share in the worldwide storage unit’s imports, valued at $22.51 million in 2018. The increasing trade of storage units is creating opportunities for the 3D NAND flash memory market in China. The vendors are identifying China as lucrative marketplace and capitalizing on the increasing demand for the 3D NAND flash memory.

Technological advancements in infotainment systems coupled with autonomous and advanced driver assistance systems (ADAS) are increasing the demand for on-board storage in the vehicle. It has led engineers and automakers to develop the most efficient storage strategies namely, 3D flash memory. Therefore, this flash memory is broadly used for cost-effective automotive solutions, and is set to grow at a CAGR of 31.17% during the forecast period. Upgraded performance of 3D NAND flash memory has been gaining traction from automakers as it is useful for satisfying the requirements of the next-generation automotive industry. Automotive technology along with vehicle to vehicle connectivity has been attracting the automakers to develop competent storage solutions.

3D NAND Flash Memory Market: Disruptive Trends

Investment by vendors and enthusiasm for the future of 3D NAND coupled with developments in NAND flash memory is driving the 3D NAND flash memory market. The shift of Micron Technology, Inc. towards a higher density 3D NAND technology, Intel Corporation’s launch of the P4510 series which is equipped with a 64-layer TLC 3D NAND flash and IBM’s 3D TLC NAND flash memory cells to provide fourfold flash capacity are representing the competence among3D NAND flash memory manufacturers.

Extensive use of NAND storage in a wide range of products starting from smaller consumer devices to high capacity SSDs which are utilized in the enterprise data centers are influencing growth of the 3D NAND flash memory market.
Emerging In-Vehicle-Infotainment (IVI) and ADAS are pushing the need for higher storage densities in autonomous cars. Moreover, these factors are boosting the growth of these flash memories.
3D NAND flash memory plays a vital role in enterprise storage, and acts as a replacement for hard disk drives. Since enterprises require high levels of reliability, the deployment of these flash memory is increasing in enterprise storage applications.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15309

3D NAND Flash Memory Market: Competitive Landscape

Some of the major companies operational in the 3D NAND flash memory market are Intel Corporation, Micron Technology Inc., Toshiba Corporation, Samsung Group, SanDisk, Advanced Micro Devices, Inc., STMicroelectronics, Western Digital Corporation, and SK Hynix Inc.

Related Reports:

A. Semiconductor Memory Market
https://www.industryarc.com/Report/15363/semiconductor-memory-market.html

B. Non-Volatile Memory Market Analysis
https://www.industryarc.com/Report/15344/non-volatile-memory-market.html

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: [email protected]
Organization: IndustryARC
Phone: (+1) 614-588-8538

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