India - March 16, 2022 /MarketersMEDIA/ —
3D Nand Memory – Market Dynamics
In present times, 3D nand memory market is gaining a lot of traction. The primary reason for its success is the incessant demand for cost cutting on various products and operations in the commercial sector. Looking at its rising demand, Market Research Future a renowned market research company decided to distribute a research report on ‘3D Nand Memory Market’. The report states that during the forecast period of 2017-2027, this market will progress at an unprecedented rate.
3D nand memory is a peculiar kind of flash memory. It is non-volatile and can be utilized for several purposes. It comprises of a three dimensional arrangement of an array on a silicon substrate. This form of memory was first discovered by Samsung in the year 2013 and since its inception it has been one of the most talked about aspects of technology.
At present, the future looks bright for the global 3D nand memory market. In the forthcoming projection period, this market will tread forward at an impressive CAGR. The expected conversion figures also look quite promising and further confirm the growth of the market in the upcoming years.
The increased demand for electronic consumer products happens to be one of the major reasons for the growth and progression of this market. This technology can also be effectively utilized for enterprise applications.
Additional aspects like the surge in the number of smartphone, notebook and tablet users, higher demand for data storage services and rising need for high-performance computers are expected to further foster the expansion of 3D nand memory market.
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Market Segmentation
The research report offered by Market Research Future is extensively comprehensive in nature. It has analyzed each and every aspect of this market including the segments. Here is a small glimpse of the segmental analysis of the global 3D nand memory market.
By Application – Aerospace & defense, consumer electronics, mass storage, telecommunication and industrial.
By Type – Triple level cell (TLC), Single-level cell (SLC), and multi-level cell.
Comprehensive Geographical Analysis
The 3D nand memory market is not limited to one particular region, it concentrates on spreading its reach across various areas of the world. It has successfully established its presence on major regions of the world like North America, Asia Pacific, Europe and Rest of the World.
After an extensive analysis of all the regional growth trends in the aforementioned areas, the research report by Market Research Future came to the conclusion that it is Asia Pacific that dominates the market in terms of region. It tallies for the largest number of the market shares and primary reason for its lead is the augmented demand for consumer electronic products in this particular area. India, China and Japan happen to be at the forefront in terms of business.
North America has been identified as the second largest market. It accounts for the largest share of the market after Asia Pacific. Europe comes the next in line and totals for the third largest market in terms of region.
Industry News
April 11, 2018 – Micron Technology is adding a new facility to its existing 12-inch wafer plant for the manufacture of nand flash memory in Sinagpore. This news has been positively received by the 3D nand memory market and it is expected to bring about many positive changes in this industry.
Market Players & Key Strategies
The most prominent players of this market can be recognized as Samsung (South Korea), SK Hynix (South Korea), Intel Corp (U.S.), Apple Inc., (U.S.) and Toshiba (Japan).
To gain an upper edge on the competitors, these players tend to employ certain growth strategies like acquisitions, strategic alliances and investments in research and development activities.
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Global 3D NAND Memory Market Information by Type (SLC, MLC, TLC), by Application (Consumer Electronics, Mass Storage, Industrial, Aerospace & Defence, Telecommunication) - Forecast 2020-2027
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Contact Info:
Name: Saurabh Sinha
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/3d-nand-memory-market-1040
Release ID: 89070785
