Growing usage of the semiconductor based electronic devices in various industry verticals owing to the advent of IoT and Industrial IoT is one major factor driving the demands for these products. The production and adoption of consumer electronics in the Asian market, provides SLC NAND flash mesmory providers with high growth opportunities in the region.
Increasing digitalization and arrival of data-centric applications
The rapidly increasing data-centric applications of SLC NAND flash memories in numerous industry verticals worldwide coupled with the burgeoning prominence of mobile devices and connected technology is expected to offer an impetus growth in the demand for SLC NAND flash memories. The rising demand by the IT companies for making the computer's system further secured and enhance its efficiency is expected to drive innovative applications of SLC NAND flash memories. The factor is subsequently anticipated to encourage the SLC NAND flash memory market growth during the forecast period.
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Global SLC NAND Flash Memory Market - Company Profiles
- Cypress Semiconductor
- Intel Corporation
- Kingston Technology Europe Co LLP
- Microchip Technology Inc.
- Micron Technology Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics (FMSH)
The SLC NAND flash memory market by end user is further segmented into automotive, industrial, communication, computer & IT, consumer electronics, and others. Industrial segment of the SLC NAND flash memory market dominated the end user segment and is anticipated to continue its dominance throughout the forecast period from 2019 – 2027. The global manufacturing sector is expanding rapidly with the emerging investments from various regions in technological advancements.
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Source: The Insight Partners