NEW YORK, Dec. 16, 2022 /PRNewswire/ -- According to Technavio, the global memory cards market size is estimated to grow by USD 565.28 million from 2022 to 2027. The market is expected to grow at a CAGR of 1.19% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 31% of the market's growth during the forecast period.
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Global memory cards market - Parent market analysis
Technavio has categorized the global memory cards market as a part of the global technology hardware, storage, and peripherals market, which covers manufacturers of cellular phones, personal computers, servers, electronic computer components, and peripherals. It also includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals.
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Global memory cards market - Five forces
The global memory cards market is fragmented, and the five forces analysis covers–
- Bargaining power of buyers
- The threat of new entrants
- Threat of rivalry
- Bargaining Power of Suppliers
- Threat of Substitutes
- For interpretation of Porter's five forces model – buy the report!
Global memory cards market – Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global memory cards market - Segmentation assessment
Segment overview
Technavio has segmented the market based on type (SD card, compact flash, memory stick, and multimedia card) and application (mobile phones, cameras, and computers and laptops).
- The SD card segment will account for a significant share of the market's growth during the forecast period. SD cards are widely used in smartphones and other devices such as cameras and camcorders, tablets, media players, and gaming consoles.SD cards have a large internal memory and fast read/write speed for storing UHD content. Hence, its use in cameras and camcorders is expected to rise. These factors will drive the growth of the segment during the forecast period.
Geography Overview
Based on geography, the global memory cards market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global memory cards market.
- APAC will account for 31% of the growth of the global market during the forecast period. The unit shipment of mobile phones priced under USD 100 has been increasing in emerging economies such as India, China, Pakistan, Indonesia, and Bangladesh. These mobile phones have a lower in-built storage capacity when compared to high-end mobile phones. Therefore, memory cards can be used in these phones to add more storage capacity. In addition, the demand for memory cards will further increase due to the growth of social media platforms such as Facebook, Twitter, and Instagram, as end-users tend to download more content from these platforms. These factors will drive the regional market growth during the forecast period.
Global memory cards market – Market dynamics
Key factor driving market growth
- The requirement for storage devices in cameras and camcorders is driving the global memory cards market growth.
- The demand for high-pixel digital cameras and camcorders is increasing, as they capture high-quality pictures. To store such pictures, a larger storage space is required.
- Though digital cameras and camcorders have in-built memory devices, they can only store a few high-quality shots. This necessitates the use of memory cards.
- Thus, the rise in the popularity of photography has propelled the demand for cameras and camcorders, which, in turn, has increased the demand for memory cards.
Leading trends influencing the market
- The increasing need for high-capacity solutions is a key trend in the market.
- With the increase in the number of data transactions, the need for storage devices with high capacity has increased.
- To accommodate this high growth in data, SD Association has laid down higher bandwidth specifications, which will provide end-users with an option to choose from various memory cards.
- Memory card manufacturers are developing products with high storage capacities, which are at par with HDD and USB flash drives. The storage capacity of memory cards in the market has increased from 1GB to 512 GB.
- Hence, vendors are providing memory cards with high storage capacity, which will support the growth of the market during the forecast period.
Major challenges hindering the market growth
- The rise in the use of cloud storage is a major challenge to the global memory cards market growth.
- Cloud storage technology enables data to be stored online in the cloud, which can be accessible from multiple connection points. This, in turn, has increased the demand for cloud services. Cloud storage can also archive data and recover it in case of any data-related issues.
- Moreover, companies such as Google, Amazon Web Services, Microsoft Azure, pCloud, and Dropbox offer free cloud storage.
- Such factors will challenge the global memory cards market during the forecast period.
What are the key data covered in this memory cards market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the memory cards market between 2023 and 2027
- Precise estimation of the size of the memory cards market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the memory cards market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of memory cards market vendors
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Memory Cards Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.19% |
Market growth 2023-2027 |
USD 565.28 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
1.02 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key countries |
US, Canada, China, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ADATA Technology Co. Ltd., Apacer Technology Inc., ATP Electronics Inc., Cactus Technologies Ltd., Delkin Devices Inc., Innodisk Corp., Integral Memory Plc, KINGMAX Technology Inc., Kingston Technology Co. Inc., Lexar Co. Ltd., Magic Ram Inc., Micron Technology Inc., Panasonic Holdings Corp., PNY Technologies Inc., Samsung Electronics Co. Ltd., Sony Group Corp., SUNROBOTICS Technologies, Toshiba Corp., Transcend Information Inc., and Western Digital Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global Memory Cards Market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global Memory Cards Market 2017 - 2021 ($ million)
- 4.2 Geography Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.4 Application Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 SD card - Market size and forecast 2022-2027
- Exhibit 34: Chart on SD card - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on SD card - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on SD card - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on SD card - Year-over-year growth 2022-2027 (%)
- 6.4 Compact flash - Market size and forecast 2022-2027
- Exhibit 38: Chart on Compact flash - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Compact flash - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Compact flash - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Compact flash - Year-over-year growth 2022-2027 (%)
- 6.5 Memory stick - Market size and forecast 2022-2027
- Exhibit 42: Chart on Memory stick - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Memory stick - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Memory stick - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Memory stick - Year-over-year growth 2022-2027 (%)
- 6.6 Multimedia card - Market size and forecast 2022-2027
- Exhibit 46: Chart on Multimedia card - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Multimedia card - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Multimedia card - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Multimedia card - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Type
- Exhibit 50: Market opportunity by Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 51: Chart on Application - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 53: Chart on Comparison by Application
- Exhibit 54: Data Table on Comparison by Application
- 7.3 Mobile phones - Market size and forecast 2022-2027
- Exhibit 55: Chart on Mobile phones - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Mobile phones - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Mobile phones - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Mobile phones - Year-over-year growth 2022-2027 (%)
- 7.4 Camera - Market size and forecast 2022-2027
- Exhibit 59: Chart on Camera - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Camera - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Camera - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Camera - Year-over-year growth 2022-2027 (%)
- 7.5 Computer and laptops - Market size and forecast 2022-2027
- Exhibit 63: Chart on Computer and laptops - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Computer and laptops - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Computer and laptops - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Computer and laptops - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Application
- Exhibit 67: Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Canada - Market size and forecast 2022-2027
- Exhibit 113: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 114: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 115: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 116: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.14 Market opportunity by geography
- Exhibit 117: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 118: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 120: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 121: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 122: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 123: Matrix on vendor position and classification
- 12.3 ADATA Technology Co. Ltd.
- Exhibit 124: ADATA Technology Co. Ltd. - Overview
- Exhibit 125: ADATA Technology Co. Ltd. - Product / Service
- Exhibit 126: ADATA Technology Co. Ltd. - Key offerings
- 12.4 Apacer Technology Inc.
- Exhibit 127: Apacer Technology Inc. - Overview
- Exhibit 128: Apacer Technology Inc. - Business segments
- Exhibit 129: Apacer Technology Inc. - Key offerings
- Exhibit 130: Apacer Technology Inc. - Segment focus
- 12.5 Cactus Technologies Ltd.
- Exhibit 131: Cactus Technologies Ltd. - Overview
- Exhibit 132: Cactus Technologies Ltd. - Product / Service
- Exhibit 133: Cactus Technologies Ltd. - Key offerings
- 12.6 Delkin Devices Inc.
- Exhibit 134: Delkin Devices Inc. - Overview
- Exhibit 135: Delkin Devices Inc. - Product / Service
- Exhibit 136: Delkin Devices Inc. - Key offerings
- 12.7 Integral Memory Plc
- Exhibit 137: Integral Memory Plc - Overview
- Exhibit 138: Integral Memory Plc - Product / Service
- Exhibit 139: Integral Memory Plc - Key offerings
- 12.8 KINGMAX Technology Inc.
- Exhibit 140: KINGMAX Technology Inc. - Overview
- Exhibit 141: KINGMAX Technology Inc. - Product / Service
- Exhibit 142: KINGMAX Technology Inc. - Key offerings
- 12.9 Kingston Technology Co. Inc.
- Exhibit 143: Kingston Technology Co. Inc. - Overview
- Exhibit 144: Kingston Technology Co. Inc. - Product / Service
- Exhibit 145: Kingston Technology Co. Inc. - Key offerings
- 12.10 Lexar Co. Ltd.
- Exhibit 146: Lexar Co. Ltd. - Overview
- Exhibit 147: Lexar Co. Ltd. - Product / Service
- Exhibit 148: Lexar Co. Ltd. - Key offerings
- 12.11 Magic Ram Inc.
- Exhibit 149: Magic Ram Inc. - Overview
- Exhibit 150: Magic Ram Inc. - Product / Service
- Exhibit 151: Magic Ram Inc. - Key offerings
- 12.12 Micron Technology Inc.
- Exhibit 152: Micron Technology Inc. - Overview
- Exhibit 153: Micron Technology Inc. - Business segments
- Exhibit 154: Micron Technology Inc. - Key offerings
- Exhibit 155: Micron Technology Inc. - Segment focus
- 12.13 Panasonic Holdings Corp.
- Exhibit 156: Panasonic Holdings Corp. - Overview
- Exhibit 157: Panasonic Holdings Corp. - Business segments
- Exhibit 158: Panasonic Holdings Corp. - Key news
- Exhibit 159: Panasonic Holdings Corp. - Key offerings
- Exhibit 160: Panasonic Holdings Corp. - Segment focus
- 12.14 Samsung Electronics Co. Ltd.
- Exhibit 161: Samsung Electronics Co. Ltd. - Overview
- Exhibit 162: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 163: Samsung Electronics Co. Ltd. - Key news
- Exhibit 164: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 165: Samsung Electronics Co. Ltd. - Segment focus
- 12.15 Sony Group Corp.
- Exhibit 166: Sony Group Corp. - Overview
- Exhibit 167: Sony Group Corp. - Business segments
- Exhibit 168: Sony Group Corp. - Key news
- Exhibit 169: Sony Group Corp. - Key offerings
- Exhibit 170: Sony Group Corp. - Segment focus
- 12.16 Toshiba Corp.
- Exhibit 171: Toshiba Corp. - Overview
- Exhibit 172: Toshiba Corp. - Business segments
- Exhibit 173: Toshiba Corp. - Key news
- Exhibit 174: Toshiba Corp. - Key offerings
- Exhibit 175: Toshiba Corp. - Segment focus
- 12.17 Western Digital Corp.
- Exhibit 176: Western Digital Corp. - Overview
- Exhibit 177: Western Digital Corp. - Business segments
- Exhibit 178: Western Digital Corp. - Key offerings
- Exhibit 179: Western Digital Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 180: Inclusions checklist
- Exhibit 181: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 182: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 183: Research methodology
- Exhibit 184: Validation techniques employed for market sizing
- Exhibit 185: Information sources
- 13.5 List of abbreviations
- Exhibit 186: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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