The SLC NAND flash memory market was valued at US$ 1.15 billion in 2018 and is projected to reach US$ 1.98 billion by 2027; it is expected to grow at a CAGR of 5.6% during 2019–2027.
Large number of next gen memory technologies are under development which promise to meet the growing demand of consumer electronics and enterprise storage systems and applications. Smart phone and other consumer electronics OEMs in particular are looking for the next big competitive advantage, and all signs point to new memory technologies as the most powerful choice. The traditional memories, DRAM and NAND, are falling off Moore's law and therefore research and development is going on for new memory devices.
Also, a lot of industries are experiencing technology convergence, resulting in increased complexity of their systems. This convergence is evidenced in numerous devices such as automotive, smartphones, wireless communication and smart factories. In 2017, the information electronics industry saw another peak which resulted in the serious shortage of spare parts. Thus, manufacturers increased their production capacity to meet demand supply gap. Also, introduction of innovative features such as the face recognition in mobile phone by Apple Computer, which later fermented on many application surfaces, including the other mobile phones, access control, unmanned vehicles, automotive, etc. This will increase the demand for highly complex natured integrated circuits (ICs) in coming years. Such trends along with increasing complexity in consumer electronics design and growing automotive expertise is also expected to drive the demand for SLC NAND flash memory worldwide.
The rapidly expanding technology development coupled with humongous production of data has critically increased the demand of memories that are not only capable of handling large data efficiently but are also cost-effective and scalable. The SLC NAND flash memory is something that fits into almost all these demands of the end-users. These type of memory technologies offer relatively exclusive benefits to the industry players as they use less power and operate much faster than already existing memory technologies. Apart from its speed and sustainability, the SLC NAND flash memories are also non-volatile, offer better endurance, have erased free functions and are bit-alterable. With so many advancements the, SLC NAND flash memory has already taken a prime space in the memory market by leaps and bounds over other traditional memory technologies. The consumer electronics devices industry is witnessing immense growth in both developed and developing countries majorly due to advancements and smart features offered. Consumer electronics devices such as smartphones, tablets, PCs, TVs, washing machines, fridge, music players, etc. have become integral part of individual’s lives. All these devices are becoming smarter with the ongoing technological advancements and integration of Internet of Things (IoT) and Artificial Intelligence (AI).
Lucrative Regions for SLC NAND Flash Memory Market
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Market Insights–SLC NAND Flash Memory Market
Growing Digitalization and Emergence of Data-Centric Applications
The rapidly increasing data-centric applications of SLC NAND flash memories in numerous industry verticals worldwide coupled with the burgeoning prominence of mobile devices and connected technology is expected to offer an impetus growth in the demand for SLC NAND flash memories. Furthermore, the cost-effective and high-performance SLC NAND flash technologies enable the simplification of the memory hierarchy, which can be used for incorporating non-volatility in logic circuits, resulting in a new application for SLC NAND flash memories in hardware security and neuromorphic computing. In addition, the non-volatile memories were also recently used for the development of 3D stackable memory architecture. The rising demand by the IT companies for making the computer's system further secured and enhance its efficiency is expected to drive innovative applications of SLC NAND flash memories. The trend is subsequently anticipated to encourage the SLC NAND flash memory market growth during the forecast period.
Type Insights
The global SLC NAND flash memory market by type is segmented into series and parallel. The NAND Flash memory needs a controller to control and handle all types of activities such as management of the memory blocks with errors, to identify and correct errors in few memory locations, and to transfer locations with errors to new which are free from errors. The Serial NAND is designed with built-in ECC (Error Correcting Code that detects & corrects errors) and provides good transmissible memory and therefore off-loads all activities from the controller.
Application Insights
Electronic components are the integral part of almost all the devices that are used in various industries. Industries incorporate highly complex designs of ICs for enabling smoother operations and further increase their productivity and efficiency. Today’s smart products contain complex electronic systems that require flawless operation in the real world. Device miniaturization, support for multiple wireless technologies, faster data rates, and longer battery life, demand rigorous analysis. Additionally, demand for numerous feature integrations onto a single device have led to complex circuit board designs of these electronics. The SLC NAND flash market by application has been segmented into automotive, industrial, communication, computers & IT, consumer electronics, and others.
Density Insights
The SLC NAND flash memory market by density has been 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.
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SLC NAND Flash Memory Market: Strategic Insights
Market Size Value in US$ 1.15 Billion in 2018 Market Size Value by US$ 1.98 Billion by 2027 Growth rate CAGR of 5.6% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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SLC NAND Flash Memory Market: Strategic Insights
| Market Size Value in | US$ 1.15 Billion in 2018 |
| Market Size Value by | US$ 1.98 Billion by 2027 |
| Growth rate | CAGR of 5.6% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
2019:Micron Technology and Qualcomm together aims to facilitate advanced automotive connectivity solution which leverages 5G networks for direct cellular vehicle-to-everything (CV2X) communication and autonomous driving. For this, Micron developed a portfolio which consists of SLC NAND and ultra-small 8x9.5mm, 149 ball count multichip package (MCP) solutions.
2019:Winbond Electronics Corporation introduced new LPDDR4x memory and 1.8V 2Gb+2Gb NAND Flash memory product in an 8.0mm x 9.5mm x 0.8mm multi-chip package (MCP). The innovative product combines robust SLC NAND Flash and low-power LPDDR4x memory and offers enough memory capacity for the 5G cellular modems. Through this development, the company’s new product would be used as a Customer Premises Equipment (CPE) in offices and homes.
2018:Intel Corporation and Micron Technology, Inc. partnered to complete the development of second generation of 3D XPoint technology. It is a non-volatile memory with dramatically lower latency and exponentially greater endurance than NAND memory at the Intel-Micron Flash Technologies (IMFT) facility in Lehi, Utah.
2018:Kingston Digital, Inc. launched A1000 PCIe NVMe SSD. The new M.2 drive is an entry-level consumer-grade PCIe NVMe SSD of Kingston using 3D NAND. The product is comparatively more robust and consistent to hard drives.
The Global SLC NAND Flash Memory Market has been segmented as Follows:
Global SLC NAND Flash Memory Market - By Type
- Serial NAND
- Parallel NAND
Global SLC NAND Flash Memory Market - By End User
- Aerospace & Defense
- Consumer Electronics
- Automotive
- Logistics & Transportation
- Healthcare
- Others
Global SLC NAND Flash Memory Market - By Density
- 1Gb
- 2Gb
- 4Gb
- 8Gb
- Above 8Gb
By Geography
North America
- U.S.
- Illinois
- Ohio
- Michigan
- Indiana
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- Australia
- China
- Taiwan
- Japan
- Rest of Asia-Pacific
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Rest of MEA
Company Profiles
- Cypress Semiconductor
- Intel Corporation
- Kingston Technology Europe Co LLP
- Microchip Technology Inc.
- Micron Technology Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics (FMSH)
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, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Cypress Semiconductor
- Intel Corporation
- Kingston Technology Europe Co LLP
- Microchip Technology Inc.
- Micron Technology Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics (FMSH)
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