The Global 3D NAND Flash Memory Market is Expected to Grow at a CAGR of 35% by 2025

According to a new market report published by Lucintel, the future of the 3D NAND flash memory market looks promising with opportunities in the automotive, consumer electronics, enterprise, healthcare, and others industries. The global 3D NAND flash memory market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 35% from 2020 to 2025. The major drivers for this market are growth in demand for data storage devices, growing demand for consumer electronics, and increase in demand for smartphones.

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In this market, 3D NAND flash memory is used in smartphone & tablets, cameras, laptops & PCs, and others applications. 3D NAND flash memory smartphone & tablets will remain the largest segment due to growing memory requirements in smartphones & tablets with rising user demands.

Within the 3D NAND flash memory market, consumer electronics will remain the largest end use industry during the forecast period due to increasing demand for data storage capacities in smartphones, tablets, laptops and PC’s.

APAC will remain the largest region the forecast period due to high growth of consumer electronics market in the region, growing demand for tablets and smartphones, and rise in consumer population and disposable income of the users in APAC.

Samsung Electronics, Toshiba Corporation, SK Hynix Semiconductor, Inc., Micron Technology, Inc., Intel Corporation, Apple Inc., and Lenovo Group Ltd., are among the major 3D NAND flash memory manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global 3D NAND flash memory market by application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global 3D NAND Flash Memory Market 2020-2025: Trends, Forecast, and Competitive Analysis”.  This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global 3D NAND flash memory market by application, end use industry, and region as follows: 

By Application [$M shipment analysis for 2014–2025]:

Cameras

Laptops & PCs

Smartphone & Tablets

Others

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Automotive

Consumer Electronics

Enterprise

Healthcare

Others

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

United Kingdom

France

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

The Rest of the World

 

This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.