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Global Mobile NAND Flash Market 2015 Report
August 14, 2015 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Mobile NAND Flash Market 2015-2019" report to their offering.
According to the report, he global mobile NAND flash market will grow at a CAGR of 15% and 21.2%, in terms of revenue and shipments respectively, during 2014-2019. The increasing sale of smartphones is the main driving factor for the growth of mobile NAND flash memory. The increase in urbanization and per capita income, the decline in the ASP of smartphones and tablets, and need for technologically sound headsets are some of the key factors responsible for the growth of the mobile and tablet PCs market. To increase market penetration and attract large numbers of consumers in countries like India and China, OEMs have launched several low-range affordable products. As a result, the number of unit shipments will increase, thereby contributing to the growth of the global mobile NAND flash market.
3D NAND is one of the emerging technologies in the NANS flash market that is expected to have high adoption in the future. This is because 3D NAND has a higher storage capacity in comparison to 2D NAND. The information on 2D NAND is stored in a 2D array, whereas in a 3D NAND the information bits can be stacked to have high memory density. The majority of vendors, such as Samsung, Toshiba, and SanDisk, have started investing in the market, which is expected to fuel the adoption of 3D NAND during the forecast period. 3D NAND looks promising because of its high-density storage capacity. Thus, it is expected that the penetration of 3D NAND in the global NAND flash market will increase by 2019.
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