SLC NAND flash memory market in Europe is expected to grow from US$ 250.5 Mn in 2018 to US$ 375.9 Mn by the year 2027 with a CAGR of 4.1% from the year 2019 to 2027.
The Rising digitalization and increasing data-centric applications of SLC NAND flash memories and growing demand for advanced features are the major factors propelling the growth of the SLC NAND flash memory market. In addition, the rising penetration of connected cars to offer a significant opportunity platform is anticipated to boost the SLC NAND flash memory market growth in the near future. The SLC NAND flash memory market is experiencing an intense growth with regards to new product developments, and deployment for future in the current scenario although it is anticipated to rise at a sluggish pace in the coming years. The market for SLC NAND comprises of several tier1, tier2 and tier3 companies across the globe which capitalize substantial amounts with an objective to develop advanced electronic and semiconductor storage products. Also, there are a few stakeholders in the SLC NAND flash memory ecosystem that are involved in the end-to-end development of SLC NAND flash memory and ensuring that the best product is made available for the users. Government funding for research & development, automotive manufacturers, communication equipment manufacturers, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for SLC NAND flash memory over the forecast period. Growing usage of the semiconductor based electronic devices in various industry verticals owing to the advent of IoT and Industrial IoT is one major factor driving the demands for these products. IoT technology has empowered each device to communicate with each of the other devices present on the network and thereby create the need for memories and storage spaces.
SLC NAND flash memory market by application is segmented into automotive, industrial, communication, computers & IT, consumer electronics, and others. Automotive application of SLC NAND flash memory market is expected to dominate during the forecast period. The automotive sector is posing incredible growth prospects to the SLC NAND flash memory market due to the increasing application of all the form factors such as memory, interface, processor, and analog systems in safety applications, as well as in drive assistance, parking sensors, navigation system, and energy-efficiency applications. Further, autonomous driving is one of the most exciting applications of computing currently in development. Many semiconductor manufacturing companies are focusing on the latest developments, including the evolution of ADAS, automotive infotainment, and others. The automotive OEM’s strategies and product launch plans are further expected to provide significant opportunities for SLC NAND flash memory market.
Germany led the Europe SLC NAND flash memory market in 2018 and is expected to continue its dominance during the forecast period with the maximum share. As Germany is one of the world’s largest automotive hubs, most of the automobile manufacturers also become customers for the advanced vehicle components. Germany also claims to be the largest concentration of OEM plants across Europe. Volkswagen and Daimler are two most prominent companies mainly focused on safety application in both 2014 and 2015. Software and electronic components are anticipated to play a prominent role in vehicle innovation. Around 90% of automotive innovations in 2016 featured electronics and software, more specifically in active safety requirements. Good economic growth has also driven the German SLC NAND flash memory market in the automotive sector. The figure given below highlights the revenue share of the Rest of Europe in the SLC NAND flash memory market in the forecast period:
Rest of Europe SLC NAND flash memory Market Revenue and Forecasts to 2027 (US$ Mn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
EUROPE 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
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
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
UK, Germany, France, Italy, Russia
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
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- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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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.
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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.
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- 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.
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