22-Feb-2021 | Zion Market Research
As per Zion Market Research, the universal flash storage market was valued at USD 2.3 billion in 2019 and is predicted to develop at a CAGR of almost 19% to cross USD 5.2 billion by 2025. This development is credited to the rising requirement for electronic devices with improved responsiveness and quicker performance, increasing requirement for wearable electronics, and increasing acceptance of high-speed data transfer techs. Top enterprises such as CTOs and CIOs are having an optimistic outlook of the market.
Key firms active in the universal flash storage market comprise Toshiba Corporation, Arasan Chip Systems Inc., GDA Technologies Inc., Cadence Design Systems, Inc., Phison Electronics Corporation, Inc., Micron Technology, Inc., Silicon Motion Technology Corporation, Samsung Electronics Co., Ltd., Synopsys, Inc., and SK Hynix, Inc.
External Cards Are Predicted To Dominate The Universal Flash Storage Market On The Basis Of Application
External cards are predicted to dominate the universal flash storage market on the basis of application. External cards help in improved performance, attaining power-efficient data transfer, and increasing throughput using command queuing. Major players are aiming on developing new memory solutions to supply the rising needs of users, such as high-resolution 3D gaming, high-resolution movie playback, and high-end DSLR camera for improved multimedia experience. For example, in July 2016, Samsung Electronics Co., Ltd. rolled out the removable memory card series, with a capacity of almost 256 GB. These removable cards support the card extension standard JEDEC universal flash storage 1.0. These cards are intended for high-resolution mobile shooting machines, such as DSLR cameras, 3D VR cameras, action cams, and drones.
By End Use, The Global Market Is Led By Smartphones And Will Remain The Same In The Years To Come
By end use, the global market is led by smartphones. The increasing in investment by the users for having an enhanced handset with faster performance, improved battery savings, and improved responsiveness, the requirement for high-end handsets is rising. This is expected to power the acceptance of universal flash storage in the smartphones in the years to come.
North America Is Predicted To Have The Biggest Share Of The Universal Flash Storage Market
North America is predicted to have the biggest share of the universal flash storage market, after Asia Pacific and Europe. This is due to the quick acceptance of enhanced tech goods, such as drones, e-readers, tablets, smartphones, AR-VR products, and wearable electronics by the users.
Browse the full “Universal Flash Storage Market - By End Use (Digital Cameras, Automotive Electronics, High-Resolution Displays, Gaming Consoles, And Smartphones), By Configuration (Embedded And Removable), By Capacity (64 GB, 32 GB, 256 GB, 128 GB, And 512 GB), By Application (Boot Storage, External Card, Mass Storage, And XiP Flash), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/universal-flash-storage-market
The global universal flash storage market is segmented as follows:
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