The global SD card market is set to grow at a CAGR of 0.44% during the period 2016-2020.
SD cards are data storage devices used for storing digital information. These cards have non-volatile memory chips that can be reprogrammed multiple times during their life span. Their compact physical size and high storage capabilities with re-programmable features have increased the penetration of SD cards in the digital world.
One of the major trends in the global SD card market is the increasing adoption of high-density memory cards. SD card manufacturers are developing models with high storage capacity on par with HDD and USB flash drives. The storage capacity of SD cards has increased to 512 GB from 2 GB. Vendors are providing SD cards with high storage capacity, as younger customers prefer such memory cards due to the rising popularity of social networking apps such as Facebook, Instagram, and WhatsApp.
According to the report, the high demand for rugged and robust storage devices is a major driver for the global SD card market. SD cards are rugged compared to traditional storage media, as SD cards have an operating shock rating of 2,000 Gs compared to 100-200 Gs for traditional storage media in portable computing devices.
Further, the report states that the declining prices of SD cards is a major challenge in the 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?
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Overview of smartphone, tablet, and laptop markets