NAND Flash technology delivers a cost-effective solution for
applications demanding solid-state storage and high density. NAND
Flash design together with NOR Flash construction dominates the
market for non-volatile Flash. Thus, NAND Flash's various
characteristics which includes low power, scalable design, cost
effective and high-density, make it an ideal choice to fuel the
demand of new multimedia products which are entering the global
market. In addition, current memory designs are moving to NAND Flash
to take various advantage that includes lower cost and higher density
for high performance applications.In recent trends, a number of
applications have been catered by NAND flash memory. Additionally,
NAND flash memory have been developed and commercialized recently for
various memory application which includes mobile phones, solid state
drives, MP3/PMP players, Flash memory cards and USB Flash drives.
Therefore, the NAND Flash Memory market is predicted to witness a
steady growth during the projection period from 2017 to 2025.
However, more advanced NAND devices and higher density devices may
have additional features and different parameters have added extra
benefit for consumer storage, audio, and video products among others.
This in turn is fuelling the demand of NAND Flash Memory market
during the forecast period.
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Global NAND Flash Memory market has been segmented on the basis of
product type, end use industry and geography. On the basis of product
type, global NAND Flash Memory market has been segmented into
smartphone & tablets, laptop & PC's and camera among others.
Across the globe new technology embedded product has been growing at
a high rate and as the existing technology do not have the competency
of handling massive data accurately. Therefore, various smart devices
manufacturers are now focusing on installation of NAND flash memory
in electronics devices to increase the operation efficiency of the
product. This is expected to increase the demand of NAND Flash Memory
Market in coming years.In addition, global NAND Flash Memory market
is classified on the basis of end use industry into consumer
electronics, industrial, automotive and healthcare among others.
This NAND flash memory devices has superior speed and also relatively
cheaper than other available options in the global memory market.
Therefore, the new technological advancement of NAND flash memory has
been adopted by various major manufacturing company for consumer
electronics product in order to fulfill the demand of larger storage
space. This is anticipated to increase the demand of NAND Flash
Memory Market in coming years. At this present time, NAND flash
memory is one of the major popular, flexible and reliable nonvolatile
memories to store software code and constant data
values.Additionally, the rising demand of storage solution across
various applications of consumer electronics and enterprise storage
sectors is growing significantly which is driving the growth of the
NAND Flash Memory market during the forecast period. On the flip
side, expensive initial prices of NAND flash memory is restraining
the growth of global NAND flash memory market.
Geographically, global NAND Flash Memory market has been segmented
into North America, Europe, Asia Pacific, Middle- East and Africa
(MEA), Latin America. In 2016, Asia Pacific held the largest share of
the NAND Flash Memory market due to the high technological adoption
of memory devices in consumer electronics and enterprise storage
sectors among other industries in this region. North America is
estimated to be the second largest market for NAND Flash memory
market currently, followed by Europe. Furthermore, in Asia Pacific
region owing to industrially developing economies in China, South
Korea and India is enhancing the demand for Global NAND Flash Memory
market. Furthermore, global memory devices manufacturers are now
adopting various strategy of joint ventures and collaboration to
extend their business and market share in global NAND Flash Memory
market.
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The key players operational in the global NAND Flash Memory market
includesSamsung (South Korea), Toshiba (Japan), SanDisk (The U.S),
Micron Technology (The U.S), Hynix (South Korea), Intel (The U.S),
Numonyx (Switzerland), Spansion (The U.S), Powerchip Technology
Corporation (Taiwan) and Renesas Electronic (Japan) among others.
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