3D NAND Flash Memory Market

Date: 2016-05

Flash memory is a non-volatile memory. The memory is able to retain data for quite a period of time irrespective of whether the host device is powered on or off. 3D NAND flash memory is a type of flash memory in which the memory cells are stacked vertically one on top of each other. 3D NAND Flash memory offers a number of advantages over optical disk drive, magnetic tape and other types of memory. 3D NAND flash memory is more durable and stable in comparison to the standard 2D NND flash memory. With this key advantages, 3D NAND flash memory has a demand from numerous mobile devices such a laptops, smartphones and tablets.

3D NAND flash memory also allows for higher memory density thereby ensuring that any consumer electronic device which integrates 3D NAND flash memory will be able to do so with the form factor size of 3D NAND flash memory being as less a possible. Further to this, consumer electronic manufacturers are already relying on the advent of 3D NAND flash memory so as to bring out a new range of products that are smaller in size. However, even with the advantages that 3D NAND flash memory holds, the technology is still in the nascent stages and is yet to be produced in large volumes. As such, the low production volumes has made the technology inherently expensive till date. With a considerable amount of funds being invested in R&D for the 3D NAND flash memory, there could be several more application areas for this technology in the near future.

3D NAND Flash Memory Market

The global 3D NAND flash memory market is expected to cross the $10 Billion mark by 2021. The market for 3D NAND flash memory market can be segmented based on the following product segmentation

Consumer Electronics

In terms of applications, the 3D NAND flash memory market has been segmented across the following applications

Consumer Electronics

In the global market, APAC accounts for the highet share owing to the presence of some of the major players in this region. The market has been segmented based on the following geographies

Middle East and Africa
North America
South America

Some of the key participants that operate in the 3D NAND flash memory market are as follows

Micron Technolgy
Samsung Electronics Co. Ltd.
SK Hynix Inc.
Toshiba Corp.

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