NAND Flash Memory Market Size, Trends & Industry Growth | 2022-27

 

Market Overview:

The market for NAND flash memory was valued at USD 66.52 billion in 2021, and it is anticipated to grow at a CAGR of 5.33% from 2022 to 2027 to reach USD 94.24 billion. The NAND markets are favoured by the current macrotrends of AI and machine learning, mobility, and connectivity, and they are anticipated to grow their share in the semiconductor market.

The consumption of NAND flash is sharply rising with the popularity of PCs and smartphones, with a large portion of this growth being attributed to smartphones’ rising average capacity. It is anticipated that this will increase demand for NAND flash packaging, which will have an impact on the demand for memory packaging.

Scope of the Report:

A non-volatile storage technology called NAND flash can store data without the need for power. It is a type of electronically erasable programmable read-only memory, in other words (EEPROM). In big blocks, it is programmed, erased, and reprogrammed. Because it resembles the NAND logic function at the circuit level, it is known as NAND. The study’s scope includes the global market for various smartphone, SSD, Memory Card, and Tablet PC applications based on NAND type.

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