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3D NAND Flash Memory Market

3D NAND Flash Memory Market By Type (Single-Level Cell, Multi-Level Cell, and Triple-Level Cell), Application (Camera, Laptops & PCs, Smartphones & Tablets), End User (Automotive, Consumer Electronics, Enterprise, Healthcare) & Region - Forecast 2022-2032

Market Insights on 3D NAND Flash Memory covering sales outlook, demand forecast & up-to-date key trends

3D NAND Flash Memory Market Overview

The global 3D NAND flash memory market is estimated to reach exceed US$ 20.6 Bn by the end of 2022. Sales of 3D NAND flash memory are expected to create an incremental opportunity of US$ 86 Bn by 2032, accelerating at an exponential CAGR of 17.4% during the forecast period 2022-2032. The growth in the market is driven by surging demand for data storage devices offering large storage capacity across the electronic sector.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 16 Billion

Expected Market Value (2022)

US$ 20.6 Billion

Anticipated Forecast Value (2032)

US$ 86 Billion

Projected Growth Rate (2022-2032)

17.4% CAGR

3D NAND flash memory is a type of non-volatile data storage solution in which multiple layers of memory cells are stacked in a three-dimensional arrangement. In order to achieve a substantial rise in density, memory cells are moved to the three dimension structure by stacking cells either vertically or horizontally on side of one another to conduct charge through NAND strings.

Rapidly surging demand for solid-state drives (SSD) with increased memory space for devices like laptops, tablets, and smartphones is a leading factor that has contributed to augmenting the sales of 3D NAND flash memory. Also, increasing need for miniaturized form flash memory with high memory storage capabilities has resulted in increasing research and development activities for advanced 3D NAND Flash memory, which is in turn, estimated to favor the growth in the market. 

Which are Some Prominent Drivers Spearheading 3D NAND Flash Memory Market Growth?

3D NAND flash memory offers numerous advantages such as enhanced performance, more scalability, better stability, higher durability, and excellent reliability as compared to planer or 2D NAND flash memory. Thus, these devices are increasingly being incorporated in high endurance storage and performance electronic devices such as laptops, smartphones, and tablets.

The primary factor that has captured the attention of major semiconductor industry players in the 3D NAND flash memory market is the future business profitability due to the growing incorporation of advanced flash memory technologies in enterprise applications and consumer electronic products.

As mobile computing and cloud-based solutions are increasingly becoming part of daily life, the need for highly secure more reliable, and cost-efficient data storage solutions by technologies such as 3D NAND flash memory is rapidly increasing. Also, increasing usage of 3D NAND flash memory in solid-state drives (SSDs), owning to its attribute to retain data without power supply, and growing incorporation in medical devices, automotive infotainment systems, and others are forecast to augment the growth in the market.

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What are the Challenges Faced by the 3D NAND Flash Memory Market?

Complexities in the process such as building tall multilayer structures, constructing vertically interconnected cell arrays, and installing memory cell layers of uniform thickness across the entire wafer makes the manufacturing of 3D NAND flash memory flash memory solutions highly expensive. These memory solution also requires purer materials and insulations in every layer, increasing fabrication costs to nearly 3 times than that of planar NAND.

Moreover, increasing availability of low-cost flash memory solutions and growing incorporation of 2D NAND flash memory in low-cost consumer electronic products is hinder the sales in the market.

How is North America Contributing to Growth of the 3D NAND Flash Memory Market?

The North America 3D NAND flash memory market is anticipated to register growth at a rapid CAGR over the forecast period 2022-2032.

Increasing sales of consumer electronic devices such as cameras, smart television, laptops, tablets, and others across the U.S. and Canada have resulted in high demand for memory solutions such as 3D NAND flash memory in the market.

With 5G wireless communication technology on its way, the penetration of the internet and smartphones is expected to shoot up. As per the Ericsson Mobility Report, 5G subscriptions are expected to account for 55% of mobile subscriptions across the North American region by the end of 2024. This is expected to compel smartphone manufacturers to launch latest models with 5G compatibility.

As 3D NAND flash memory is increasingly incorporated in latest smartphones to deliver high-performance gaming and more storage capacity, increasing new smartphone launches are projected to bolster the sales in the North America market.

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Why is Japan Emerging as an Opportunistic 3D NAND Flash Memory Market?

Future Market Insights states that Japan is estimated to account for a significant share in the global 3D NAND flash memory market between 2022 and 2032.

With growing shift of the corporate and education sectors to remote working, a rapid surge in demand for high high-performance desktops and laptops for programming, learning, and gaming is being witnessed across countries such as Japan. This has created strong demand for high-performance and large storage capacity memory solutions.

Hence, several players in the market are aiming at launching novel memory solutions to capitalize on the existing opportunities. For instance, in 20201, Kioxia, a Japanese multinational computer memory manufacturer, with Western Digital announced launching their new 162-layer Gen 6 BiCS NAND flash memory chips. A slew of such product launches is projected to spur the sales of 3D NAND flash memory in the Asia Pacific Market.

Market Competition

Some of the leading players in the 3D NAND flash memory market are Samsung Electronics Co. Ltd, Micron Technology Inc., Toshiba Corp., SK Hynix Inc, SanDisk Corp., Apple Inc., Intel Corp., and others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Samsung Electronics and Toshiba Corp account for a considerable market size, several regional level players are also operating across prominent regions, particularly in the Asia Pacific and the U.S.

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Report Of Scope

Report Attribute

Details

Growth Rate

CAGR of 17.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Application
  • End User
  • Region

Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Samsung Electronics Co. Ltd
  • Micron Technology Inc.
  • Toshiba Corp.
  • SK Hynix Inc
  • SanDisk Corp.
  • Apple Inc.
  • Intel Corp.

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Available Upon Request

Key Segments Profiled in the 3D NAND Flash Memory Market Survey

By Type:

  • Single-Level Cell
  • Multi-Level Cell
  • Triple-Level Cell

By Application:

  • Camera
  • Laptops & PCs
  • Smartphones & Tablets
  • Others

By End User:

  • Automotive
  • Consumer Electronics
  • Enterprise
  • Healthcare
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the global 3D NAND flash memory market to expand at a 17.4 % value CAGR by 2032

The market for 3D NAND flash memory is dominated by Asia Pacific, and this trend is projected to continue in the foreseeable future.

Samsung Electronics Co. Ltd, Micron Technology Inc., Toshiba Corp., SK Hynix Inc., are some prominent 3D NAND flash memory manufacturers

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Nikhil Kaitwade
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3D NAND Flash Memory Market