Increase in Production of Electronics and Related Devices is Driving the Demand for Flash Memory

Global flash memory market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). The market growth is attributed to an increase in manufacturing and consumption of electronic equipment. The purchasing trends in consumer electronic products have seen an upward shift. For instance, as per IBEF, India has grown its domestic electronics production from $29.0 billion in 2014-15 to $101.0 billion in 2022-23. Further, Indian appliances and consumer electronics industry stood at $ 9.8 billion in 2021 and is expected to be more than double to reach $ 21.1 billion by 2025.Flash memory has wide application in industrial as well as consumer products and equipment, including medical electronics, industrial robotics, and scientific instrumentation, smartphones, AC, automobile surveillance cameras and much more. 

Browse the full report description of “Flash Memory Market Size, Share & Trends Analysis Report by Product type (NAND Flash and NRO Flash), by Application (Cell phones, Digital Camera, Media Player, Solid State Drives (SSD), Security Systems, and Others), by End-User (Industry, Individual, and Enterprise) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/flash-memory-market-trends

Market Coverage

• The market number available for – 2024-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Product type

o By Application

o By End User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includes Samsung Electronics Co. Ltd., Intel Corp., Micron Technology, Inc., SK Hynix Inc. and Western Digital Corp. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Flash Memory Market Report Segment

By Product type

• NAND Flash
• NOR Flash

By Application

• Cell phones
• Digital camera
• Media player
• Solid state drives (SSD)
• PCs and Laptops
• Security systems
• Others

By End user

• Industry
• Individual
• Enterprise

Global Flash Memory Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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