Everything to Know About 3d Nand Flash Memory
The 3D NAND flash memory technology has come in recent years due to a continuous increase in demand for data storage by various end-user industries, it offers a larger data storage and has a faster processing speed that too at a cheaper cost. Since the existing technologies are not able to fulfill the desired requirements there is a significant demand for this technology. Besides, 3D NAND is a next-gen flash memory technology where memory cells are collected vertically to increase the capacity and thereby providing higher storage density and lower cost per gigabyte.
Growing In-Vehicle Electronics
Technological advancement in the semiconductor industry has led to the development of 3D NAND flash memory that is used, particularly in the automotive industry. There is an increasing demand for electronic systems in vehicles owing to increasing attention towards the vehicle to vehicle and vehicle to infrastructure communications, convenience as well as onboard safety which is anticipated to drive the growth of the market during the forecast period. The adoption of electronic systems is growing as technology becomes more widely available on mid-range and entry-level cars which are considered as good news for semiconductor suppliers as analog ICs, MCUs, and other different sensors are used for many of the automotive systems.
Automotive Electronic Content Growth, Electronic Cost as % of Total Car Cost, 1990 to 2030
Source: NXP Semiconductors industrial report
In addition, due to benefits of smart sensor like high reliability, low power consumption and failure detection couple also boost the demand for vehicle electronics which is further expected to propel the market growth opportunities for 3D NAND flash memory manufactures and vendors in the coming years. As regulations are becoming more stringent and consumers are increasingly demanding for comfort, connectivity, safety, and efficiency in-vehicle electronics continue to control over new and existing functions in vehicles also wireless connectivity allow the car to become a platform for the drivers and passengers to use their transient time for personal work all such advancement leads to increasing demand for in-vehicle electronics. Furthermore, rising electronic cost as a percent of total car cost is a sign of growing adoption of in-vehicle electronics which is anticipated to augment the 3D NAND flash memory market growth opportunities for automotive capacitors vendors and manufacturers. For instance, according to NXP Semiconductors, electronic cost as a percent of total car cost has increased from 30% to 50% in 2030.
Industry 4.O is the combination of several major innovations in digital technology and storage platforms and all poised to transform the consumer electronics and communication sector. Industry 4.0 is being implemented at a rapid rate worldwide, Industrial companies from all sectors around the globe are getting down to business with industry 4.O and are digitalizing essential functions within their internal value chain. The main focus of increasing investment in Industry 4.O is expected to be on digital technologies like sensors or connectivity devices along with the software's that fuel up the growth of the high storage options available like 3D NAND flashes memory during the forecast period. Today more and more applications that used to be mechanical are now changing to fully electronic control offering higher efficiency, increased reliability, and improved regulation standards, and higher storage offer extremely fast response times with higher measurement accuracy. Increasing adoption of automation in industrial and other sectors also expands the market growth opportunities for manufacturers and vendors during the forecast period.
End-User Industry Update
By the end-user industry, 3D NAND flash memory market is segmented into automotive, consumer electronics, communication, and others. The consumer electronics sector is holding a significant share in the market and with the growing automation coupled with the changing mobility, it is expected to witness exponential growth in the region. Also, the consumer electronics sector in the Asia Pacific region is rapidly evolving and has entered a promising time in countries like China and India where digital technologies are transforming the way the companies are consumer electronics and selling products. In addition, the market for the automotive segment is showing a promising growth with the growing demand for high-end customer experience at a low level of operating cost. Furthermore, increasing the use of information and communication technologies in the education sector is boosting the growth of the 3D NAND flash memory market in the coming years.
Regional Market Outlook
Europe is a home of the most advanced markets for advanced flash memory operations in the world and is also considered as the hotspot for leading information and communication technology companies. As the 3D NAND flash memory reduces costs steadily, its adoption has been gradually increasing by organizations in the region focusing on expanding their business while managing their operation cost which is expected to drive the growth of the market for communication and technology segment during the forecast period. In addition, the concept of smart homes is growing in the forecast period due to the growing concerns regarding high safety and high variable cost is coming up, propelling the demand for the latest advanced storage technology in the efficient power management of home appliances. This further aids in providing remote operating of the appliances, hence reducing human efforts. Furthermore, with the growing adoption of advanced technologies such as the internet of things, 3D NAND flash memory technology holds immense potential in connecting the smart home devices and its efficient management. The growing home security concerns are further propagating the market demand over the next five years.
ABOUT THE AUTHOR:
Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from healthcare to automotive, with a special knack for semiconductor. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
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