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Nand Flash Market size is set to grow by USD 18.8 billion from 2024-2028, Rising demand for nand flash in automotive industry boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global nand flash market size is estimated to grow by USD 18.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.02%  during the forecast period. Rising demand for nand flash in automotive industry is driving market growth, with a trend towards proliferation of cloud computing services. However, fluctuations in demand and supply  poses a challenge. Key market players include ADATA Technology Co. Ltd., Berkshire Hathaway Inc., Flexxon Pte Ltd., Greenliant Systems, Hyperstone GmbH, Infineon Technologies AG, Innodisk Corp., Kingston Technology Co. Inc., Kioxia Corp., Macronix International Co. Ltd., Micron Technology Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., Shenzhen Longsys Electronics Co. Ltd., Silicon Motion Technology Corp., SK hynix Co. Ltd., Toshiba Corp., Transcend Information Inc., and UDISYS Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Nand Flash Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.02%

Market growth 2024-2028

USD 18.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.73

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 60%

Key countries

China, US, Japan, South Korea, and Taiwan

Key companies profiled

ADATA Technology Co. Ltd., Berkshire Hathaway Inc., Flexxon Pte Ltd., Greenliant Systems, Hyperstone GmbH, Infineon Technologies AG, Innodisk Corp., Kingston Technology Co. Inc., Kioxia Corp., Macronix International Co. Ltd., Micron Technology Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., Shenzhen Longsys Electronics Co. Ltd., Silicon Motion Technology Corp., SK hynix Co. Ltd., Toshiba Corp., Transcend Information Inc., and UDISYS Ltd.

Market Driver

The global NAND flash market is experiencing robust growth due to the increasing adoption of cloud computing services. Cloud providers demand fast data access, low latency, and high reliability for their users, making NAND flash an ideal choice for powering their storage infrastructure.

The expanding scale of cloud data centers, driven by SaaS, PaaS, and IaaS solutions, necessitates vast storage capacity. NAND flash enables high-density storage arrays with fast read/write speeds, improving overall performance and efficiency. The shift towards SSD-based storage solutions further underscores NAND flash’s importance in cloud computing services. 

The Nand Flash market is currently experiencing significant growth due to increasing demand for solid-state drives and mobile devices. Devices with higher capacities and faster read-write speeds are in high demand. The market is competitive with various players offering different product ranges. Producers are focusing on cost reduction and improving production efficiency.

New technologies like 3D Nand Flash and TLC (Triple-Level Cell) Nand Flash are gaining popularity. The market is expected to continue its upward trend in the coming years. Companies are investing in research and development to enhance performance and capacity. The use of Nand Flash in automotive and industrial applications is also on the rise. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The NAND flash market experiences a significant demand-supply gap due to the cyclical nature of the semiconductor industry. Factors such as fluctuating demand for consumer electronics, emerging technologies, and manufacturing process changes result in supply-demand imbalances.This volatility impacts sales and prices of products like smartphones, data centers, servers, and cloud storage devices. Manufacturers face challenges in adjusting prices without incurring losses, leading to uncertainty in NAND flash memory module pricing during the forecast period.The Nand Flash market faces several challenges in the current technological landscape. Capacity expansion and cost reduction are key concerns for manufacturers. The complex process of producing Nand Flash memory requires significant investment and advanced technology.Additionally, the increasing demand for higher storage capacities and faster data transfer rates adds to the complexity and cost. The market also faces competition from other types of memory technologies, such as Solid State Drives and DRAM. Furthermore, the need for reliability and durability in Nand Flash memory is crucial for various applications, including smartphones, laptops, and data centers. These challenges necessitate continuous innovation and improvement in Nand Flash technology to meet the evolving market demands.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Smartphones1.2 SSDs1.3 Memory cards1.4 OthersType 2.1 3D NAND2.2 2D NANDTechnology 3.1 TLC3.2 MLC3.3 SLCGeography 4.1 APAC4.2 North America4.3 Europe4.4 South America4.5 Middle East and Africa

1.1 Smartphones-  The global NAND flash market is experiencing growth due to the increasing number of smartphone users and the availability of high-speed Internet connectivity. Social media applications, such as Facebook, WhatsApp, and Instagram, are driving the demand for high-capacity memory modules to store data. The trend of using high-resolution camera modules in smartphones and the adoption of 4G and 5G networks are also contributing factors. Technavio anticipates smartphone manufacturers to integrate multiple-lens camera systems, leading to an increased demand for smartphones with high-capacity memory modules.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The NAND flash market is currently experiencing high demand due to the increasing reliance on consumer electronics such as tablets and cameras. This trend is driven by technological advancements and the need for high-density storage solutions. NAND Flash memory, a type of semiconductor memory, is a key component in these devices. The industry chain includes chip makers, equipment manufacturers, and memory packaging facilities.

The production capacity utilization of NAND manufacturers is low due to the high demand, leading to a supply crunch in the market. TrendForce reports that 3D NAND technology is gaining popularity in the market due to its ability to provide higher storage density and lower power consumption. Modern consumers’ increasing demand for larger storage capacities in their devices is further fueling the growth of the NAND flash market.

Market Research Overview

The Nand Flash market refers to the industry that produces and supplies Nand Flash memory, a type of non-volatile memory used in various electronic devices. Nand Flash memory is known for its high storage density and affordability, making it a popular choice for use in smartphones, tablets, and other portable devices. The market for Nand Flash memory is driven by the increasing demand for digital storage and the proliferation of electronic devices.

The market is also influenced by technological advancements, such as the development of 3D Nand Flash technology, which allows for higher storage capacity and improved performance. The Nand Flash market is expected to continue growing due to the increasing adoption of digital technologies and the rising demand for data storage.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationSmartphonesSSDsMemory CardsOthersType3D NAND2D NANDTechnologyTLCMLCSLCGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Caris Life Sciences Files Registration Statement for Proposed Initial Public Offering

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IRVING, Texas, May 23, 2025 /PRNewswire/ — Caris Life Sciences® (“Caris”), a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Caris has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “CAI.”

BofA Securities, J.P. Morgan and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. Citigroup will also act as a book-running manager for the proposed offering. TD Cowen, Evercore ISI and Guggenheim Securities will act as additional book-running managers for the proposed offering. BTIG and Wolfe | Nomura Alliance will act as co-managers for the proposed offering.

The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, Attention: Prospectus Department or by email: dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email: prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282 or by email: prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Caris Life Sciences
Caris Life Sciences® (Caris) is a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer that is actively developing and commercializing innovative solutions to transform healthcare. Through comprehensive molecular profiling (Whole Exome and Whole Transcriptome Sequencing) and the application of advanced AI and machine learning algorithms at scale, Caris has created the large-scale, multimodal clinico-genomic database and computing capability needed to analyze and further unravel the molecular complexity of disease. This convergence of next-generation sequencing, AI and machine learning technologies, and high-performance computing provides a differentiated platform to develop the latest generation of advanced precision medicine diagnostic solutions for early detection, diagnosis, monitoring, therapy selection and drug development.

Caris was founded with the belief and vision that combining a vast set of consistently generated molecular information with robust data-driven insights could realize the potential of precision medicine for patients. Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Cambridge (MA), Tokyo, Japan and Basel, Switzerland. Caris or its distributor partners provide services in the U.S. and other international markets.

Caris Life Sciences Media:
Corporate Communications
CorpComm@CarisLS.com
214.294.5606

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SOURCE Caris Life Sciences

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INDY 500 Stars Join Forces with ZERO Prostate Cancer to Put Veterans’ Health in the Spotlight at Memorial Day Weekend Races

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INDIANAPOLIS, May 23, 2025 /PRNewswire/ — This Memorial Day Weekend, the spotlight won’t only be on speed—it’ll be on saving lives. ZERO Prostate Cancer (ZERO), the nation’s leading advocacy and support organization for prostate cancer, is proud to announce its powerful presence across America’s most iconic motorsports stages: the Indianapolis 500 and NASCAR’s Coca-Cola 600 and BetMGM 300. The message? Veterans are twice as likely to face prostate cancer—and early detection saves lives.

“This weekend isn’t just about racing—it’s about saving lives,” said Josh Bilicki.

In partnership with Juncos Hollinger Racing, ZERO’s logo will be featured on two cars in the 1009th Running of the Indianapolis 500—the world’s biggest single-day sporting event—on Sunday, May 25 at 12:45 PM ET (FOX). ZERO’s logo will appear on the cars of INDYCAR drivers Conor Daly and Sting Ray Robb.

At the same time, ZERO and partner AstraZeneca are making waves in NASCAR’s patriotic tribute weekend with two ZERO-branded vehicles:

No. 66 Ford Mustang driven by Josh Bilicki in the Coca-Cola 600 (Sunday, May 25 at 6:00 PM ET on Amazon Prime)No. 53 Chevrolet Camaro driven by JJ Yeley in the BetMGM 300 (Saturday, May 24 at 1:00 PM ET on The CW)

Together, this high-octane campaign is bringing national visibility to a deadly disease that claims a man’s life every 15 minutes in the U.S.—and hits military Veterans at double the rate of the general population.

“This weekend isn’t just about racing—it’s about saving lives,” said Josh Bilicki. “If even one man schedules a PSA test because of this message, we’ve done our job.”

“As a 48-year-old and part of a sport deeply rooted in the Veteran community, this message really hits home,” said JJ Yeley. “We’re proud to be racing for something bigger than ourselves.”

“Prostate cancer has become too big to ignore,” said Courtney Bugler, President and CEO of ZERO Prostate Cancer. “More than 3 million men in the U.S. are living with this disease, and too many don’t even know they’re at risk—especially our Veterans. Memorial Day is about honoring those we’ve lost, and at ZERO, we’re also fighting to save the ones still here.”

This campaign aligns with ZERO’s bold initiative to save 100,000 lives by 2035, with targeted efforts toward Veterans, Black men, and rural communities—the populations most impacted by the disease.

“It’s time to race toward solutions,” said Daniele Paone, VP US, GYN/GU Cancer Franchise, AstraZeneca. “We’re proud to team up with ZERO and the motorsports community to drive awareness where it’s urgently needed.”

For nearly 30 years, ZERO has been on the front lines of the prostate cancer fight, providing education, support, and advocacy to patients and families. This Memorial Day, from Indy to Charlotte, the message is unmistakable: know your risk, talk to your doctor and get screened.

Watch the Races Live:

BetMGM 300 (Xfinity Series): Saturday, May 241:00 PM ET on The CWCoca-Cola 600 (Cup Series): Sunday, May 256:00 PM ET on Amazon PrimeIndianapolis 500 (IndyCar): Sunday, May 2512:45 PM ET on FOX

Learn more and find resources at ZEROcancer.org

MEDIA CONTACT:
Steph Johnson
Vice President, Communications
ZERO Prostate Cancer
steph.johnson@zerocancer.org

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SOURCE ZERO Prostate Cancer

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Sc3 Asset Management and National Capital Company to Launch U.S. Defense Industrial Base Private Equity Platform

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RIYADH, Saudi Arabia, May 23, 2025 /PRNewswire/ — Sc3 Asset Management announces that it is entering into a Memorandum of Understanding (MOU) to co-manage and launch a U.S. defense industrial base private equity platform in partnership with National Capital, a Capital Market Authority (CMA) regulated and licensed Saudi based Capital Market Institution.

This initiative is designed to pursue the rapid development and commercialization of key defense technologies – both within the United States and with allied nations – in support of the global mission.

This announcement comes alongside the historic U.S.–Saudi trade mission and reflects a shared commitment to strengthening transnational security cooperation, advancing sovereign innovation, and mobilizing trusted capital toward mission–critical infrastructure.

About National Capital KSA

National Capital Company (NCC) is a licensed Saudi–based Capital Market Institution regulated by the Capital Market Authority (CMA) of Saudi Arabia. NCC offers a full range of investment banking services, alternative investments asset management, advisory & arranging, and private equity & VC; with a strong focus on aligning capital with strategic sectors under Saudi Vision 2030. The firm provides robust financial governance, Shariah–compliant offerings, and is a trusted partner for domestic and international investment initiatives across the Kingdom of Saudi Arabia.

Learn more: www.nationalcapital.com.sa

About Sc3 Asset Management

Sc3 Asset Management is a U.S.-based alternative asset management firm focused on private equity, real estate, venture capital and private credit. The organization’s primary focus is on national security, aerospace, and emerging technologies. With decades of experience in defense sector investment and intelligence community operations as well as extensive experience as global asset manager, Sc3 specializes in aligning capital with mission-driven innovation. The firm supports technology commercialization, defense industrial base resilience, and sovereign infrastructure initiatives critical to U.S. and allied interests.

Learn more: www.sc3assetmanagement.com

About GIS QSP Skunkworks Inc.

GIS QSP Skunkworks KSA is a Saudi-based joint venture formed through an exclusive agreement between Science Technology for Development and Industrial Investment (Science Tech) and GIS QSP Skunkworks Inc., a U.S.  Cyber Defense technology Company that provides solutions to Critical Infrastructure including quantum-resilient, mission-grade cybersecurity solutions to help secure IT, OT, and IOT networks and is headquartered in Mobile, Alabama.

GIS QSP Skunkworks KSA serves as a strategic platform for sovereign cyber capability development, secure hardware manufacturing, and public-private technology transfer aligned with Saudi Arabia’s Vision 2030.

The JV is positioned to support critical national security, defense-industrial, and commercial infrastructure modernization initiatives across the Kingdom and the broader GCC region.

https://www.gisqspskunkworks.com/

For media inquiries:
Kimberly Gretta
kgretta@gisqsp.ltd

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