Connect with us

Technology

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

Published

on

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302167912.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Baseus Announces New Line of iPhone and Tech Accessories – Including Wireless Chargers, Security Cameras, Power Banks, and More

Published

on

By

As a company that designs products to be practical, reliable, and based on users, the new releases are curated to make everyday life easier and more efficient.

NEW YORK, Sept. 20, 2024 /PRNewswire/ — Baseus, a global leader in consumer electronics and mobile accessories, hosted an exclusive launch event in New York, introducing its latest innovations: the PicoGo series, Nomos series, and Security Camera series. These new offerings, including wireless chargers, headphones, and home security systems, are designed to meet the needs of the everyday consumer. Baseus CEO Shiyou He emphasized the company’s commitment to delivering practical, user-friendly tech solutions.

At the event, COO Jacky Fang outlined Baseus’s core values of “Practical, Reliable, Based on User,” He attributed the brand’s rapid growth to its strong product portfolio and brand recognition, highlighting significant progress in North America, including new partnerships and retail expansions. Vadim from Max Tech YouTube Channel shared how Baseus’s user-driven philosophy guided the development of several new products in the second half of the year. These launches further solidify Baseus’s mission to enhance users’ digital lives through innovative, practical solutions.

New Product Highlights Include:

Baseus PicoGo Series: Pocket Power, On the Go

Baseus PicoGo Fast Charger 45W – $29.99

The Baseus PicoGo 45W Fast Charger supports full-speed PD 3.0 charging for the iPhone 16, improving efficiency. It is 54.2% smaller, uses TÜV Rheinland-certified graphene technology for safer, cooler performance, and features a USB-C port for wide compatibility, ideal for travel.

Baseus PicoGo Power Bank 10000mAh 45W – $39.99

The Baseus PicoGo 45W Power Bank delivers 10,000mAh capacity and 45W fast charging, perfect for the latest iPhones. Its ultra-thin, 2-in-1 design supports wired and wireless charging, offering universal compatibility and a smart digital display for efficient power on the go.

Baseus PicoGo Magnetic Power Bank with Rotatable Stand 5000mAh 20W – $39.99

Get the best of both worlds with a Magnetic Power Bank that has both wireless and wired charging capabilities. This device boasts an impressive 5000mAh capacity and is Qi2-certified to provide ultra-fast 20W charging power.

Baseus Nomos Series: Power Combined, Simplicity Redefined

Nomos Qi2 5-in-1 140W Desktop Charger – $129.99

A 5-in-1 design featuring a smart digital display and intelligent power allocation. It’s the first desktop charger with Qi2 wireless charging and a retractable 100W USB-C cable, letting you charge up to 5 devices simultaneously while keeping your space clutter-free.

Baseus Nomos Qi2 8-in-1 Charging Station – $89.99

The Baseus Nomos Qi2 8-in-1 Slim Charging Station 67W (US) is the world’s thinnest at just 0.67 inches. It supports 67W fast wired and 15W Qi2 wireless charging for up to 8 devices, perfect for multi-device workspaces, travel, and saving space.

Baseus Nomos Qi2 3-in-1 Magnetic Power Bank – $69.99

The Baseus Nomos Qi2 3-in-1 Power Bank offers wired and wireless charging for up to three devices at once. With 10,000mAh capacity, it supports 45W fast wired and 15W Qi2 wireless charging. Compact and slim with a digital display, it’s perfect for travel and daily use.

Baseus Security Camera Series: This state-of-the-art solar-powered outdoor camera features sun-powered tracking and top-of-the-line alerts, dual camera modes, color night vision, and more.

Baseus Security S1 Pro Outdoor Dual Camera 3K 2-Cam Kit$449.99

The S1 Pro, winner of the Technology Innovation Awards 2024 by Future Publishing, keeps your camera charged for uninterrupted home surveillance, even without sunlight. Its 13,500mAh battery powers up to 270 days of use. The camera rotates up to 80°, harnessing solar energy for near-continuous power.

For security, the system features AES+RSA encryption (TÜV Rheinland Certified).

The Baseus H1 HomeStation includes 16GB of eMMC storage for up to three months of footage, with optional 16TB expansion via an external hard drive (sold separately).

These products are available for purchase in the US on Amazon, at Baseus.com, and at Target (select products). For more information and to review all the latest Baseus products, please visit: www.baseus.com

About Baseus

Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Based on User. With 300 million users and over 6 billion services, Baseus delivers 100 million products annually, combining quality and innovation to enhance user satisfaction.

Media Contact:

Baseus PR Team
Phone: +1 (213) 512-7063
Email: pr@baseus.com

Photo – https://mma.prnewswire.com/media/2510693/Baseus_New_Products_Launch_Event.jpg
Logo – https://mma.prnewswire.com/media/2098707/Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/baseus-announces-new-line-of-iphone-and-tech-accessories—including-wireless-chargers-security-cameras-power-banks-and-more-302254046.html

Continue Reading

Technology

Creative by Nature: HUAWEI Launches GoPaint Worldwide Creating Activity 2024

Published

on

By

BARCELONA, Spain, Sept. 20, 2024 /PRNewswire/ — On September 19, HUAWEI officially launched the GoPaint Worldwide Creating Activity 2024 themed “Creative by Nature”. From the kickoff day to December 31, 2024, painting enthusiasts around the world can share their unique digital art works on HUAWEI Community platform.

With their HUAWEI MatePad tablets, designed to spark creativity, global consumers can bring the “Creation of Beauty” concept to life. The HUAWEI GoPaint Worldwide Creating Activity invites aspiring artists to unleash their inner creativity and continue to be inspired.

The new HUAWEI MatePad Pro 12.2-inch and HUAWEI MatePad 12 X come with powerful hardware and enhanced writing & painting experience when working with the most updated GoPaint App. The app’s professional brush engine, diverse canvas options, and FangTian Painting Engine 2.0 provide a seamless, authentic, and user-friendly creative experience.

The Activity is divided into five groups, with themes of Sci-Fi Art, Design & Fashion, Narrative Art, Cutting-edge Painting, and Digital Watercolor & Ink. Find out more in the the Official Website and get ready to paint on your HUAWEI MatePad[1]!

In the HUAWEI GoPaint Worldwide Creating Activity, you could win the chance to showcase your artwork worldwide and in app placements. You’ll also have the opportunity to share your creative journey in video interviews. For more details, please visit the official website: 
https://consumer.huawei.com/en/campaign/gopaint/

[1] MatePad tablets that support the GoPaint App are required, such as HUAWEI MatePad Pro 13.2, HUAWEI MatePad 11.5S, HUAWEI MatePad Pro 12.2, and HUAWEI MatePad 12 X.

Photo – https://mma.prnewswire.com/media/2510583/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024.jpg
Photo – https://mma.prnewswire.com/media/2510584/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024_1.jpg
Photo – https://mma.prnewswire.com/media/2510585/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024_2.jpg
Photo – https://mma.prnewswire.com/media/2510586/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024_3.jpg

View original content:https://www.prnewswire.co.uk/news-releases/creative-by-nature-huawei-launches-gopaint-worldwide-creating-activity-2024-302254112.html

Continue Reading

Technology

Info-Tech LIVE 2024 Day 3 Highlights: Key Insights on IT Leadership, Ethical AI, and the Future of IT

Published

on

By

Day 3 of Info-Tech LIVE 2024 delivered actionable insights on IT leadership, AI, and future IT trends, featuring thought leaders and experts from across the technology landscape.

TORONTO, Sept. 20, 2024 /PRNewswire/ – The third and final day of Info-Tech LIVE 2024 concluded with impactful sessions designed to equip IT leaders with strategies to navigate the exponentially changing technology landscape. Day 3 delivered valuable insights on critical topics such as ethical AI, leadership, and the evolving role of the CIO.

Key Highlights From Day 3 Featured Keynotes:

1. Adaptive IT Leadership: Leading at the Pace of Exponential Change
Speaker: Carlene McCubbin, AVP of Research Development at Info-Tech Research Group

Carlene McCubbin explored the critical importance of building strong IT leadership teams capable of navigating the rapidly evolving technology landscape. She emphasized the shift from a purely technical focus to a more balanced approach that includes people leadership and business acumen. McCubbin highlighted the findings from the 2024 Info-Tech and McLean & Company surveys, which revealed a growing gap in leadership skills within IT and underscored the urgent need for leadership development and prioritization.

Key Takeaways:

There is a significant disconnect between CxO expectations and IT department capabilities. While 50% of CxOs view IT as a driver of transformation, only 5% of IT departments are currently meeting this expectation.The top challenges for IT leaders include staffing shortages, skills gaps, and difficulties in meeting business demands, which can hinder IT’s ability to deliver value and adapt to changing business needs.Despite advancements in technology, 35% of IT employees’ time is still spent on administrative tasks, a figure that has remained unchanged over the past five years. The finding indicates a persistent inefficiency that could be addressed through better use of AI and automation.Many IT employees believe that efficiency can be improved, with 37% identifying opportunities to eliminate low-value activities and 47% seeing potential for greater operational efficiency through innovative approaches.

2. AI Hype vs. Reality
Speaker: Dr. Timnit Gebru, Founder and Executive Director at the Distributed AI Research Institute

Dr. Timnit Gebru’s keynote dissected the current AI landscape and how to navigate the fine line between hype and the tangible benefits of AI technologies. She explained how AI can be misused, highlighting issues such as unauthorized data usage, copyright infringement, and machine bias. Dr. Gebru emphasized the need for critical thinking and skepticism when evaluating AI systems and stressed the importance of establishing ethical guidelines and accountability to ensure responsible AI development and deployment.

Key Takeaways:

There is a significant disconnect between the hype surrounding AI and its real-world applications, with many organizations overestimating the capabilities of current AI technologies.A critical, evidence-based approach is essential for evaluating the true capabilities and risks of AI systems, particularly in avoiding the misuse of data and ensuring compliance with copyright and ethical standards.AI systems must be developed and integrated with strict ethical guidelines and accountability frameworks to prevent biases, protect user data, and ensure responsible AI usage.

3. The New CIO: Leading IT Into the Future
Speaker: Heather Leier-Murray, Research Director at Info-Tech Research Group

Heather Leier-Murray discussed the evolving role of the CIO and the skills necessary to lead IT into the future. The session focused on the strategic shift required for CIOs to move from traditional IT management to becoming key business partners. Leier-Murray emphasized the need for modern CIOs to balance technological innovation with leadership and influence, positioning IT as a central driver of organizational success in an increasingly technology-driven world.

Key Takeaways:

The role of the CIO has transformed significantly over the past 40 years, evolving from optimizing back-office operations to becoming a leader in driving organizational value through advanced technologies. Despite these shifts, 81% of respondents to Info-Tech’s CxO-CIO Alignment Diagnostic feel their IT maturity level is only at a supporting or struggling stage, indicating a need for further evolution.While 35% of CxOs believe their IT department must achieve the highest level of maturity to transform the organization, only 2% feel confident that their IT department is capable of driving this transformation.Over 50% of a CIO’s weekly time is consumed by day-to-day management and operational tasks, leaving less than 20% for strategic initiatives and technology advancements. This misalignment must be addressed so that IT leaders can effectively guide organizations through rapid technological changes.

Looking Beyond Info-Tech LIVE 2024

Over the three days of Info-Tech LIVE 2024, attendees explored the critical intersections of technology, leadership, and innovation, gaining insights into how to navigate the future of IT. From the transformative discussions on Exponential IT and AI to in-depth sessions on modernizing IT frameworks and developing effective leadership strategies, the conference provided a comprehensive roadmap for IT leaders aiming to drive their organizations forward in an era of exponential change.

Info-Tech Research Group looks forward to announcing details for the next LIVE event, including plans to expand the conference to Australia in March 2025.

For media inquiries, including requests for interviews with featured speakers and experts from LIVE 2024, or for access to session recordings and additional content, please contact pr@infotech.com. For conference-related press releases and images, please visit the online Info-Tech LIVE 2024 Media Kit.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights. 

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/info-tech-live-2024-day-3-highlights-key-insights-on-it-leadership-ethical-ai-and-the-future-of-it-302253962.html

SOURCE Info-Tech Research Group

Continue Reading

Trending