The Latest Nand Industry Statistics Explained
NAND flash market revenue worldwide was $49.6 billion in 2019.
The statistic “NAND flash market revenue worldwide was $49.6 billion in 2019” indicates the total amount of revenue generated from the global sales of NAND flash memory products in the year 2019. NAND flash memory is a type of non-volatile storage technology commonly used in a wide range of electronic devices such as smartphones, solid-state drives, and digital cameras. The $49.6 billion figure reflects the significant demand for NAND flash memory products during that year, likely driven by the growth of data storage needs in various industries including consumer electronics, data centers, and automotive applications. This statistic provides insight into the size and importance of the NAND flash market on a global scale in 2019.
Western Digital had a 15.5% share of the NAND market in 2020.
The statistic that Western Digital had a 15.5% share of the NAND market in 2020 indicates the proportion of the total NAND market that Western Digital accounted for during that year. It suggests that Western Digital was a significant player in the NAND market, competing with other companies like Samsung, Micron, and SK Hynix. This market share figure reflects the company’s sales volume or revenue compared to the total market size in 2020, highlighting Western Digital’s position within the industry and its competitiveness in offering NAND-based storage solutions.
The global NAND flash market is anticipated to grow at a CAGR of around 11.27% during the forecast period 2020 to 2027.
This statistic states that the global NAND flash market is expected to experience a Compound Annual Growth Rate (CAGR) of approximately 11.27% between 2020 and 2027. This growth rate reflects the average annual growth of the market over the forecast period. A CAGR of 11.27% suggests a significant expansion in the market size and demand for NAND flash memory products used in various electronic devices such as smartphones, tablets, and solid-state drives. This projection indicates a positive outlook for the NAND flash market, driven by technological advancements, increasing data storage needs, and the growing adoption of electronic devices worldwide.
The smartphone application segment is expected to dominate the global NAND flash market.
The statement suggests that within the global NAND flash market, the smartphone application segment is forecasted to have the highest influence or presence. This implies that smartphones are likely to be the largest consumers of NAND flash memory compared to other segments such as laptops, data centers, or consumer electronics. This dominance could be driven by factors such as the growing demand for smartphones worldwide, increasing storage requirements in mobile devices, and advancements in smartphone technology that necessitate higher memory capacities. The dominance of the smartphone application segment in the NAND flash market indicates the pivotal role of smartphones in driving the demand and growth of NAND flash memory technology.
Samsung, with a 33.5% market share, is the leading manufacturer in the global NAND flash market in 2020.
The statistic indicates that in 2020, Samsung held the largest market share in the global NAND flash market, accounting for 33.5% of total sales. This means that Samsung was the dominant player in the industry, with a significant portion of the market under its control compared to competitors. The high market share suggests that Samsung’s products were well-received by consumers, giving it a competitive edge in the NAND flash market. The statistic underscores Samsung’s strong position and influence in the industry, highlighting its ability to drive innovation, meet consumer demands, and maintain a competitive advantage over other manufacturers in the global NAND flash market.
NAND flash sales worldwide were predicted to reach $46.6 billion in 2020.
The statistic that NAND flash sales worldwide were predicted to reach $46.6 billion in 2020 indicates the estimated total revenue generated from the global sales of NAND flash memory products for that particular year. NAND flash memory is a type of non-volatile storage technology predominantly used in electronic devices like smartphones, SSDs, and USB drives. The predicted sales figure of $46.6 billion reflects the strong demand for NAND flash memory components driven by factors such as increasing data storage requirements, technological advancements in products like smartphones and laptops, and the growing trend of cloud computing and data centers. This statistic highlights the significant market size and economic importance of NAND flash memory technology in the digital age.
China is projected to be the most lucrative market for NAND flash due to a vast number of smartphone users and manufacturers.
The statistic suggests that China is expected to become the most profitable market for NAND flash technology in the future. This projection is based on the large number of smartphone users and manufacturers in the country, indicating a high demand for NAND flash memory in devices like smartphones. As China continues to be a major player in the global technology market, the increasing adoption of smartphones and other electronic devices drives the need for NAND flash memory storage, positioning the country as a lucrative market for this technology. The growth in the Chinese market presents an opportunity for manufacturers and suppliers of NAND flash to capitalize on the expanding consumer base and technological advancements in the region.
The price per gigabyte of NAND flash memory decreased from $9.40 in 2005 to $0.04 in 2019.
This statistic highlights a profound and remarkable technological advancement and cost reduction in the field of NAND flash memory over the span of 14 years. The price per gigabyte decreasing from $9.40 in 2005 to just $0.04 in 2019 signifies a substantial 99.6% reduction in cost, making flash memory much more affordable and accessible over time. This drastic decrease is a testament to the rapid pace of innovation and economies of scale within the technology industry, driving down costs while simultaneously increasing storage capacities and performance. Such a significant reduction in price per gigabyte has revolutionized the consumer electronics market, enabling widespread adoption of flash memory in a variety of devices and applications.
By 2023, over 432 million units of Solid State Drives (SSD) using NAND flash are projected to be shipped globally.
The statistic indicating that by 2023, over 432 million units of Solid State Drives (SSD) using NAND flash are projected to be shipped globally points towards a significant growth and widespread adoption of SSD technology in the coming years. SSDs offer faster read and write speeds, enhanced reliability, and improved power efficiency compared to traditional Hard Disk Drives (HDDs). This projection suggests a strong market demand for SSDs due to expanding applications in consumer electronics, data centers, and enterprise storage solutions. The continued advancements in technology, decreasing costs, and increasing storage needs are likely driving this rapid expansion in the SSD market.
The Consumer Electronics segment held a significant share in the NAND Flash market in 2017.
The statistic “The Consumer Electronics segment held a significant share in the NAND Flash market in 2017” indicates that a considerable portion of the NAND Flash memory market in 2017 was occupied by consumer electronic products such as smartphones, tablets, and laptops. This suggests that the demand for NAND Flash memory chips from the consumer electronics industry was substantial compared to other industries utilizing this type of memory technology. The dominance of the Consumer Electronics segment in the NAND Flash market points towards the importance of this sector in driving the growth and development of the NAND Flash industry during the specified year.
The NAND Flash market in South America is expected to grow due to the increasing penetration of the internet and the growth of data centres in the region.
The statistic indicates that the NAND Flash market in South America is projected to experience growth in the near future. This growth is likely attributed to two key factors: the rising usage of the internet in the region and the expanding presence of data centers. As more people in South America gain access to the internet, there will be a greater demand for storage solutions, such as NAND Flash memory, to handle the increasing amount of data being generated and accessed online. Additionally, the growth of data centers in the region indicates a growing need for storage solutions to support the infrastructure and operations of these facilities. Overall, the expected growth in the NAND Flash market highlights the opportunities emerging in South America’s technology sector.
North America region is expected to hold the largest market share in the global NAND flash market.
The statistic stating that the North America region is expected to hold the largest market share in the global NAND flash market suggests that this region is anticipated to dominate the industry in terms of sales and revenue from NAND flash products. This could be due to factors such as strong demand for electronic devices and equipment that utilize NAND flash memory, presence of key market players and technological advancements driving growth in the region. The statistic implies that North America will likely have a significant influence on the overall performance and dynamics of the NAND flash market on a global scale.
In 2022, the global market for NAND Flash Memory is projected to reach US$77.5 billion.
The statistic indicates that the global market for NAND Flash Memory is anticipated to expand and reach a value of US$77.5 billion in 2022. This projection suggests a significant growth in the demand for NAND Flash Memory products, which are widely used in various electronic devices such as smartphones, laptops, and solid-state drives. The increase in market size could be driven by factors such as the rising adoption of data-intensive applications, the proliferation of smart devices, and the ongoing digital transformation across industries. Such growth in the NAND Flash Memory market reflects the ongoing technological advancements and the increasing reliance on digital storage solutions globally.
64-Layer 3D NAND flash memory chips accounted for the largest market share of 49.6% in 2018.
The statistic indicates that in 2018, 64-layer 3D NAND flash memory chips held the dominant position in the market by capturing a substantial market share of 49.6%. This suggests that these specific memory chips were the most widely adopted and popular choice among consumers and manufacturers during that year. The high market share implies that 64-layer 3D NAND technology was recognized for its performance, reliability, and cost-effectiveness compared to other alternatives available in the market. This statistic demonstrates the significant impact and influence of 64-layer 3D NAND flash memory chips on the overall technological landscape in 2018.
Kioxia Corporation had a market share of 19.3% in the NAND flash market in the first quarter of 2021.
The statistic “Kioxia Corporation had a market share of 19.3% in the NAND flash market in the first quarter of 2021” indicates that Kioxia Corporation held a significant portion of the market for NAND flash memory during that period. Market share is a measure of a company’s total sales in relation to the overall market sales. In this case, Kioxia Corporation’s market share of 19.3% suggests that nearly one-fifth of all NAND flash memory products sold in the first quarter of 2021 came from Kioxia. This statistic highlights Kioxia’s competitive position within the NAND flash market during that specific timeframe.
The server segment held the largest share in the NAND flash market in 2019.
The statistic “The server segment held the largest share in the NAND flash market in 2019” indicates that among all the different segments using NAND flash memory technology, servers had the highest proportion or market share in terms of consumption or revenue generated in 2019. This suggests that servers were the primary driver of growth and demand for NAND flash memory during that time period, surpassing other segments such as consumer electronics, automotive, industrial, and others. The dominance of the server segment in the NAND flash market could be attributed to the increasing demand for data storage and processing capabilities in data centers and cloud computing services, driving the need for higher capacity and faster NAND flash memory solutions to support these applications.
In 2019, NAND Flash was the second-largest IC product category, making up 26.6% of total IC sales.
In 2019, NAND Flash was identified as the second-largest category within the integrated circuit (IC) industry, accounting for 26.6% of total IC sales. This statistic indicates the significant market presence and demand for NAND Flash products in the technology sector during that year. The high percentage suggests that NAND Flash memory chips were popular among consumers and businesses, likely due to their applications in various electronic devices such as smartphones, solid-state drives, and digital cameras. With technological advancements driving the growth of the IC industry, the prominence of NAND Flash highlights its importance in meeting the storage needs of modern devices and the corresponding impact on overall IC sales.
The NAND Flash market is expected to see a growth rate of 5.1% in 2021.
The statistic that the NAND Flash market is expected to see a growth rate of 5.1% in 2021 indicates that there is projected growth in the demand and adoption of NAND Flash memory technology within the market. This growth rate suggests that there will be an increasing utilization of NAND Flash memory in various electronic devices and applications throughout the year, reflecting a positive trend in the industry. Factors such as technological advancements, a rise in the production of consumer electronics, and the expanding need for data storage solutions are likely contributors to this expected growth rate in the NAND Flash market in 2021.
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