As per the report published by Fior Markets, The global 3D NAND Flash Memory market is expected to grow from USD 10,234.2 Million in 2017 to USD 95,923.5Million by 2025 at a CAGR of 32.3% during the forecast period from 2018-2025. The Asia-Pacific region is dominating as the rise in demand for lightweight memory design and high durability has enhanced the adoption of 3D NAND flash memory systems in enterprise storage and automotive industries, thereby providing lucrative opportunities for the market growth.
Global 3D NAND Flash Memory Market by Type (Single-Level Cell, Multi-Level Cell, Triple-Level Cell), End User (Automotive, Consumer Electronics, Others), Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Leading companies in the industry include Samsung Electronics Co., Ltd., Toshiba Corporation, SK Hynix Semiconductor, Inc., Micron Technology, Inc., Intel Corporation, Apple Inc. among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share. For instance, in October 2017, AT&S expanded its technical competence by investing around USD 46.8 Million to produce high-frequency PCBs for autonomous driving applications at the existing sites in India and Austria.
The type segment is classified into single-level cell, multi-level cell, and triple-level cell. The triple-level cell segment is dominating the 3D NAND Flash Memory market with USD 5,004.52Million in 2017. It offers a lower price per gigabyte as compared to SLC and MLC flash. End user segment is divided into segments such as automotive, consumer electronics, enterprise, healthcare, and others. The consumer electronics segment is dominating the market with the highest share of 37.20% in 2017 because of its increased applications in smartphones, tablets, laptops, and cameras. Application segment includes cameras, laptop & pcs, smartphone & tablets, and others. Smartphone & tablets segment is dominating the market and valued around USD 4,011.80 Million in 2017. Owing to the advancements in mobile technology and increase in penetration of smartphones, there is substantial increment in the demand of the product.
Rising demand for solid state drives (SSDs) with increasing memory space in devices, such as laptops, tablets, and smartphones. Also, high demand for high-performance computers is fuelling the growth of market. But high manufacturing cost which may hamper the growth of market. However, high demand for high-performance computers will augment the growth of the market in coming years.
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