The Global 3D NAND Flash Market was valued at US$XX billion in 2017 and is projected to expand at a CAGR of XX.XX% over the forecast period to reach US$XX billion by 2023. 3D NAND Flash is a type of flash memory in which the memory cells are stacked vertically in multiple layers in order to provide a higher capacity/volume ratio in a smaller physical space. It possesses the characteristic of retaining data without power supply. It offers numerous advantages like – more scalability, enhanced performance, durability and stability as compared to 2D or Planar NAND technology. The Global 3D NAND Flash market is growing due to increasing demand for solid state drivers with increasing memory space for devices such as laptops, tablets, smartphones etc. The growing need to design a compact structure along with high memory is supporting the increasing research and development activities in this technology. Rapid influx of smartphones, tablets, notebooks and etc. in the market is expected to be the key driving force for this industry. The incorporation of 3D NAND Flash memory in consumer electronics products and enterprise applications is one of the major factors that has contributed to its growth and will provide ample opportunities in the upcoming years. However high initial price of 3D NAND Flash is the restraining factor for this market.
The 3D NAND Flash Technology is used in a vareity of application areas. By application, the global market is segmented as Consumer Electronics, Mass Storage, Defense, Enterprise Applications, Embedded and Industrial Applications. With increased adoption of smartphones, laptops and tablets, the consumer electronics has become the major contributer among various other application verticals, in terms of value. The introduction of new applications like virtual reality, streaming videos and augmenting trend of Internet Of thing (IOT) is escalating the growth of this market.
Geographically, the Global Global 3D NAND Flashmarket is segmented as North America, Europe, Middle East & Africa, Asia-Pacific and South America. Asia-Pacific holds the major the major share. It houses some of the biggest 3D NAND Flash memory chip manufactureres like Samsung (South Korea), Toshiba and SK HYNIX INC. (South Korea).
The Global Global 3D NAND Flashmarket is competitive owing to the presence of well diversified global players. The global key players are Intel Corporation, Micron Technology, Inc., ATP Electronics, Inc., Toshiba America Electronic Components, Inc., Samsung, Sandisk Corporation(Western Digital Technologies, Inc., and SK HYNIX INC .
The Global 3D NAND Flash market has been analyzed through following segments:
Embedded and Industrial Applications
Middle East and Africa
Key insights offered
What will be the Global 3D NAND Flash market size from 2018 to 2023?
How are the major drivers and restraints affecting the Global 3D NAND Flash market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behavior
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.