3D NAND Flash Memory Market to Witness the Highest Growth Globally in Coming Years

The 3D NAND flash memory market is expected to register significant growth during the forecast period. The market is buoyed by several factors primarily, growing demand for solid state drives (SSDs) with increasing memory space in devices, such as laptops, tablets, and smartphones. 

3D NAND flash memory is a vertical implementation of the NAND flash cell memory. With this vertical implementation of the cell memory, 3D NAND flash memory offers increased storage density of the memory as compared to planar NAND flash memory. Additionally, memory chipmakers are moving from planar NAND to 3D NAND, the technology offers higher capacity in a smaller space.

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Based on product type, 3D NAND flash memory market is categorized into SSD, flash drive, and SD card. Among these SSD held the largest share in the market in 2017. This is attributed to rising adoption of SSDs in data centers, and increasing demand for SSDs from enterprises. 

Based on end user, 3D NAND flash memory market is segmented into client and enterprise. Among these, enterprise category held the largest share in the market and is expected to witness a faster growth in the forecast period as well. This can be attributed to surging demand for faster and compact flash memory from data centers and workstations, and demand for large backup storage requirements from large enterprises.

The intensity of rivalry among players in the global 3D NAND flash memory market is high, due to the presence of large number of semiconductor manufacturing companies. Original equipment manufacturers (OEMs) are expected to introduce several products using 3D NAND technology in the coming years, due to advancements in NAND flash technology.

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The report will provide country-wise 3D NAND flash memory market analysis. Some of the major countries that is covered in the report include the U.S., Canada, China, Japan, India, Australia, South Korea, Saudi Arabia, U.A.E., South Africa, U.K., Italy, Germany, France, Russia, Brazil, Mexico.