SLC NAND flash memory market in North America is expected to grow from US$ 348.4 Mn in 2018 to US$ 616.1 Mn by the year 2027 with a CAGR of 5.9% from the year 2019 to 2027.
The increasing need for technological developments and smart features and increase in demand owing to penetration of IoT technology are the major factors propelling the growth of the SLC NAND flash memory market. Moreover, the rising demand for autonomous cars is anticipated to boost the SLC NAND flash memory market growth in the near future. However, factors such as relatively high cost of implementation and manufacturing challenges might impact the demand-supply equilibrium are anticipated to hinder the market growth. Rising demand for autonomous cars, particularly in the US, is anticipated to contribute to the demand growth of SLC NAND flash memories. In the year 2014, Forbes had expected that the self-driven cars in the coming years would offer a significant economic benefit to the developed countries across the globe. Furthermore, as the penetration of connected cars is grounded upon the innovative safety factor, which includes ADAS (Advanced Driver Assistance System), HUD (Head-Up Display) System, and many other technologies. For effective implementation and functioning of the advanced connected car technologies, the manufactures would require the memory technology that would not only support the advanced technologies but also is flexible with fluctuating data rates. In the coming years, the adoption of next-generation infotainment systems and ADAS would be integrating the DRAM memory technologies that would have much higher – performance and low power consumption capabilities. Therefore, in the coming years, the higher demand for autonomous vehicles is expected to increase the need for SLC NAND flash memories.
SLC NAND flash memory market by density is segmented into 1 Gb, 2 Gb, 4 Gb, 8 Gb, and above 8 Gb. The SLC NAND is provided in different types of densities ranging from 1 Gb to 8 Gb. The low-density NAND flash is used in automation, automotive, surveillance, printers, IPC, machine-to-machine (M2M), and home networking whereas, high-density NAND flash are ideally utilized in data-heavy applications such as tablets, SSDs, and USB drives. Above 8Gb of SLC NAND flash memory market led the North America market in 2018 and is expected to continue its dominance during the forecast period.
The US led the North America SLC NAND flash memory market in 2018 and is expected to continue its dominance during the forecast period with the maximum share. The US is an economically advanced country and therefore hosts a continuous improvement in telecommunication technology and infrastructure. The automotive industry is one the largest manufacturing sector in the US According to OICA data, total vehicle production in the year 2018 was 11 Mn in the US Also; the country is the major exporter of semiconductors globally. Machines generate an enormous amount of data, which is leading toward a drastic shift in the semiconductor industry. Due to this, the adoption of more NAND flash memory products is expected to gain high momentum in the semiconductor industry of the US. The figure given below highlights the revenue share of the Mexico in the SLC NAND flash memory market in the forecast period:
Mexico SLC NAND flash memory Market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA SLC NAND FLASH MEMORY MARKET SEGMENTATION
By Type
- Serial
- Parallel
By Application
- Automotive
- Industrial
- Communication
- Computers & IT
- Consumer Electronics
- Others
By Density
- 1 Gb
- 2 Gb
- 4 Gb
- 8 Gb
- Above 8 Gb
By Country
- US
- Canada
- Mexico
SLC NAND flash memory Market - Companies Mentioned
- Cypress Semiconductor Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Microchip Technology Inc.
- Micron Technology, Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, Density
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America SLC NAND Flash Memory Market – By Type
1.3.2 North America SLC NAND Flash Memory Market – By Application
1.3.3 North America SLC NAND Flash Memory Market – By Density
1.3.4 North America SLC NAND Flash Memory Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SLC NAND Flash Memory Market Landscape
4.1 Market Overview
4.2 PEST Analysis – North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SLC NAND Flash Memory Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing need for technological developments and smart features
5.1.2 Increase in demand owing to penetration of IoT technology
5.2 Key Market Restraints
5.2.1 Relatively high cost of implementation
5.2.2 Manufacturing challenges might impact the demand-supply equilibrium
5.3 Key Market Opportunity
5.3.1 Rising demand for autonomous cars
5.4 Future Trends
5.4.1 Ongoing developments for 3D SLC NAND flash
5.5 Impact Analysis of Drivers and Restraints
6. SLC NAND Flash Memory Market – North America Market Analysis
6.1 Overview
6.2 North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027
7. North America SLC NAND Flash Memory Market Analysis – By Type
7.1 Overview
7.2 North America SLC NAND Flash Memory Market Breakdown, By Type, 2018 & 2027
7.3 Serial NAND
7.3.1 Overview
7.3.2 North America Serial NAND Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Parallel NAND
7.4.1 Overview
7.4.2 North America Parallel NAND Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America SLC NAND Flash Memory Market Analysis – By Application
8.1 Overview
8.2 North America SLC NAND Flash Memory Market Breakdown, By Application, 2018 & 2027
8.3 Automotive
8.3.1 Overview
8.3.2 North America Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Industrial
8.4.1 Overview
8.4.2 North America Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Communication
8.5.1 Overview
8.5.2 North America Communication Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Computers And IT
8.6.1 Overview
8.6.2 North America Computers and IT Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Consumer Electronics
8.7.1 Overview
8.7.2 North America Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America SLC NAND Flash Memory Market Analysis – By Density
9.1 Overview
9.2 North America SLC NAND Flash Memory Market Breakdown, By Density, 2018 & 2027
9.3 1 Gb
9.3.1 Overview
9.3.2 North America 1 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 2 Gb
9.4.1 Overview
9.4.2 North America 2 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 4 Gb
9.5.1 Overview
9.5.2 North America 4 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 8 Gb
9.6.1 Overview
9.6.2 North America 8 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Above 8Gb
9.7.1 Overview
9.7.2 North America Above 8Gb Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America SLC NAND Flash Memory Market – Country Analysis
10.1 Overview
10.1.1 North America SLC NAND Flash Memory Market Breakdown, by Key Countries
10.1.1.1 U.S. SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (US$ Mn, Mn Units)
10.1.1.1.1 U.S. SLC NAND Flash Memory Market Breakdown by Type
10.1.1.1.2 U.S. SLC NAND Flash Memory Market Breakdown by Application
10.1.1.1.3 U.S. SLC NAND Flash Memory Market Breakdown by Density
10.1.1.2 Canada SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (US$ Mn, Mn Units)
10.1.1.2.1 Canada SLC NAND Flash Memory Market Breakdown by Type
10.1.1.2.2 Canada SLC NAND Flash Memory Market Breakdown by Application
10.1.1.2.3 Canada SLC NAND Flash Memory Market Breakdown by Density
10.1.1.3 Mexico SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (US$ Mn)
10.1.1.3.1 Mexico SLC NAND Flash Memory Market Breakdown by Type
10.1.1.3.2 Mexico SLC NAND Flash Memory Market Breakdown by Application
10.1.1.3.3 Mexico SLC NAND Flash Memory Market Breakdown by Density
11. Industry Landscape
11.1 Merger & Acquisition
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 Cypress Semiconductor Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Product and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Micron Technology, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Intel Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Product and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Kingston Technology Company, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Product and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microchip Technology Incorporated
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Samsung Electronics Co. Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Shanghai Fudan Microelectronics Group Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Product and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Sk Hynix Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Product and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Toshiba Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Product and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Western Digital Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Product and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Winbond Electronics Corporation
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Product and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary Of Terms
LIST OF TABLES
Table 1. North America SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (Mn Units & US$ Mn)
Table 2. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 3. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 4. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Automotive Application (US$ Mn)
Table 5. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Industrial Application (US$ Mn)
Table 6. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Communication Application (US$ Mn)
Table 7. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Computers & IT Application (US$ Mn)
Table 8. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Consumer Electronics Application (US$ Mn)
Table 9. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Other Application (US$ Mn)
Table 10. U.S. SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 11. U.S. SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 12. U.S. SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Density (US$ Mn)
Table 13. Canada SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 14. Canada SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 15. Canada SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Density (US$ Mn)
Table 16. Mexico SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 17. Mexico SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 18. Mexico SLC NAND Flash Memory Market Revenue and Forecasts to 2027 – By Density (US$ Mn)
Table 19. Glossary of Term: SLC NAND Flash Memory Market
LIST OF FIGURES
Figure 1. SLC NAND Flash Memory Market Segmentation
Figure 2. SLC NAND Flash Memory Segmentation - Country
Figure 3. Market Overview of SLC NAND Flash Memory (2019-2027)
Figure 4. A Snapshot of Market Strategies
Figure 5. North America PEST Analysis
Figure 6. Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. SLC NAND Flash Memory Impact Analysis of Drivers and Restraints
Figure 9. North America SLC NAND Flash Memory Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 10. North America SLC NAND Flash Memory Market Volume and Forecasts to 2027 (Mn Units)
Figure 11. North America SLC NAND Flash Memory Market Breakdown by Type, 2018 & 2027 (%)
Figure 12. North America Serial NAND Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Parallel NAND Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America SLC NAND Flash Memory Market Breakdown, By Application, 2018 & 2027 (%)
Figure 15. North America Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Communication Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Computers and IT Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America SLC NAND Flash Memory Market Breakdown, By Density, 2018 & 2027 (%)
Figure 22. North America 1 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America 2 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. North America 4 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. North America 8 Gb Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Above 8Gb Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. North America SLC NAND Flash Memory Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 28. U.S. SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (US$ Mn, Mn Units)
Figure 29. Canada SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (US$ Mn, Mn Units)
Figure 30. Mexico SLC NAND Flash Memory Market Revenue and Volume Forecasts to 2027 (US$ Mn)
The List of Companies
- Cypress Semiconductor Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Microchip Technology Inc.
- Micron Technology, Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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