The global NAND flash market to grow at a CAGR of 9.69% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global NAND flash market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of NAND flash chips to consumer electronics manufacturers and IT hardware manufacturers for mobile devices, SSDs, Smartcards, handheld players, and USBs. The report also includes a discussion of the key vendors operating in this market.
NAND flash memory is a non-volatile storage technology that enables rapid read and write operations in memory cards. The memory cells in NAND flash memory chips are connected in a series that resembles a NAND gate. The series connection consumes less space than a parallel connection, reducing the cost of NAND flash chips. This makes the cost of NAND flash cards reasonable; they also become easily scalable to large densities.
One trend spurring growth is the emergence of 3D NAND. 3D NAND is one of the emerging technologies in the market, which is expected to have high adoption in the future. The high demand for 3D NAND is because it has a higher storage capacity compared with 2D NAND. The information on 2D NAND is stored in a 2D array, whereas information bits can be stacked in a 3D NAND to increase the memory density.
According to the report, one driver that will lead to the growth of this market is the increasing sales of mobile devices. Major smartphone vendors such as Apple and Samsung are continually increasing the memory storage capacity in their latest smartphones with the use of NAND flash memory. The upcoming iPhone models are expected to have higher storage capacity, which will increase the demand for NAND flash memory. The growing sales of smartphones integrated with high memory capacity are boosting the growth of the global NAND flash market.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Micron Technology
- Samsung Electronics
- SK Hynix
For more information about this report visit http://www.researchandmarkets.com/research/8g5g6z/global_nand_flash
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-nand-flash-market-growth-at-cagr-of-969-2016-2020-increasing-sales-of-mobile-devices--declining-sales-of-pcs--emergence-of-3d-nand---research-and-markets-300349139.html
SOURCE Research and Markets