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The global flash memory card market size reached US$ 8.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2027, exhibiting a CAGR of 5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A flash memory card is a portable device that relies on nonvolatile semiconductor memory to store data, including documents, images, audio, videos and texts, on remote computing devices. It has a high-density storage capacity with less power consumption as compared to other storage devices. Besides this, it is less susceptible to mechanical damage and allows easy access to users for erasing and reprogramming the stored data. As a result, lightweight and compact-sized flash memory cards are gaining immense traction among consumers across the globe.
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Global Flash Memory Card Market Trends:
The rising utilization of smartphones, laptops, digital cameras, and wearable devices, along with the growing internet penetration, represents one of the leading factors positively influencing the demand for flash memory cards across the globe. Besides this, the data transfer rate for reading and writing flash memory cards is higher as compared to the traditional storage media, which is facilitating their adoption among consumers. They are compatible with most devices and do not require any external programming. In addition, the increasing number of gaming enthusiasts, the rising users of social media platforms, and the increasing trend of vlogging and pre-or post-wedding shots are offering lucrative growth opportunities to manufacturers. Apart from this, rapid urbanization, inflating disposable incomes, and improving standards of living across the globe are some of the other factors contributing to the market growth. Furthermore, rising sales of digital cameras and the escalating demand for high-resolution images with near-perfect color reproduction are stimulating market growth. Moreover, leading market players are launching product variants with higher storage capabilities and more advanced technologies.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flash memory card market report, along with forecasts for growth at the global and regional levels from 2022-2027. Our report has categorized the market based on product type, distribution channel, and application.
Breakup by Product Type:
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Secure digital (SD) flash memory cards represent the most popular product type as they are cost-effective, portable, and easily removable storage options, which can be easily accessed on personal computers (PCs) with less power consumption.
Breakup by Distribution Channel:
The offline distribution channel presently holds the majority of the global flash memory card market share.
Breakup by Application:
Smart devices currently account for the highest market share due to the escalating demand for smartphones, smartwatches, and smart television (TV), along with the high internet penetration.
Regional Insights:
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The Asia Pacific exhibits a clear dominance in the market on account of the escalating demand for high storage memory solutions in different industries across the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are SanDisk LLC, IMEC VZW, Corsair Gaming, Inc., G.SKILL International Enterprise Co., Ltd., Mushkin Inc., Kingston Technology Corporation, Samsung, SK Hynix Inc., Toshiba Corporation, and Transcend Information, Inc.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Distribution Channel, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | SanDisk, IMEC, Corsair, G.SKILL International Enterprise, Mushkin, Kingston, Samsung, SK Hynix, Toshiba and Transcend Information |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global flash memory card market was valued at US$ 8.0 Billion in 2021.
We expect the global flash memory card market to exhibit a CAGR of 5% during 2022-2027.
The rising demand for lightweight and compact-sized memory cards to store data, along with the increasing utilization of smartphones, laptops, digital cameras, etc., is primarily driving the global flash memory card market.
The sudden outbreak of the COVID-19 pandemic has led to the growing online purchase of flash memory cards among gaming enthusiasts for enhancing the responsiveness of gaming experience as well as among social media influencers for vlogging purposes, during lockdown scenario.
Based on the product type, the global flash memory card market can be segmented into Secure Digital (SD), Memory Sticks, MultiMediaCard (MMC), compact flash, picture card, and smart media. Among these, Secure digital (SD) flash memory cards hold the majority of the total market share.
Based on the distribution channel, the global flash memory card market has been divided into offline and online, where offline channel currently exhibits a clear dominance in the market.
Based on the application, the global flash memory card market can be categorized into smart devices, cameras and camcorders, and others. Currently, smart devices account for the largest market share.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global flash memory card market include SanDisk LLC, IMEC VZW, Corsair Gaming, Inc., G.SKILL International Enterprise Co., Ltd., Mushkin Inc., Kingston Technology Corporation, Samsung, SK Hynix Inc., Toshiba Corporation, and Transcend Information, Inc.
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