North America SLC NAND Flash Memory Market Report 2019-2027 - ResearchAndMarkets.com

DUBLIN--()--The "North America SLC NAND Flash Memory Market to 2027 - Regional Analysis and Forecasts by Type; Application; Density" report has been added to ResearchAndMarkets.com's offering.

The North America SLC NAND flash memory market accounted for US$ 348.4 Mn in 2018 and is expected to grow at a CAGR of 5.9% over the forecast period 2019-2027, to account for US$ 616.1 Mn in 2027.

The increasing need for technological developments and smart features and increase in demand owing to penetration of IoT technology are boosting the SLC NAND flash memory market growth. Moreover, the rising demand for autonomous cars is expected to propel the SLC NAND flash memory market in the near future. However, the manufacturing challenges might impact the demand-supply equilibrium.

The SLC NAND flash memories are highly dependent upon complicated switching mechanism and exotic materials due to which the development of these memories becomes a lengthy task. The exotic materials used in the development of SLC NAND flash memories are usually the Transition Metal Dichalcogenides (TMD) that possess an impressive property which enables them to lend new varieties of processing and storing data. As these materials have electrons moving amid them, they hold the potential to make the SLC NAND flash memory have better properties that cannot be found in conventional memories.

However, as the development technology is new to the industry and highly complicated, the cost of manufacturing each memory is chip is relatively very high. Furthermore, the lag in their development also makes it challenging forte manufacturers to maintain the equilibrium between the burgeoning demand and slow supply of the SLC NAND flash memories.

The SLC NAND flash memory market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years. In addition to this, various initiatives are undertaken by governmental bodies to accelerate the SLC NAND flash memory market further.

One of the crucial aspects of ensuring that any organization in North America is compliant with the rules of how data is stored is data retention. In the data retention policy, an organization is required to save certain specific data for a specified period before safely deleting it.

The Sarbanes-Oxley Act in the US requires the public accounting firms to retain the documentation related to the audits of the organization of seven years. The public companies need to retain the purchase orders of five years. As a result of this compliance, the organizations are demanding for higher storage volumes that have a direct impact on the memory market. Such regulations are inflicting positive influence in the growth of the flash memory market.

The SLC NAND flash memory market on the basis of application is divided into automotive, industrial, communication, computers & IT, consumer electronics, and others. Industrial applications frequently require real-time operating systems (RTOS), development tools, and software algorithmic software.

These applications further need security features to be built-in their software and solutions. Thus, large sensor-based electronic integrations pave the way for the needs of high-quality storage devices and thereby push the growth in the SLC NAND flash memory market for industrial application. Further, the manufacturing sector is expanding rapidly with the emerging investments from various regions in technological advancements.

The manufacturers are anticipated to invest 13% more in several non-residential buildings and machinery in such regions in the coming years. This expansion in the manufacturing sector is expected to embrace technological advancements to enhance the plant productivity, maintain process flow with varying customer demands, and gain a competitive edge over competitors.

Some of the players present in SLC NAND flash memory market are Cypress Semiconductor, Intel Corporation, Kingston Technology North America Co LLP, Microchip Technology Inc., Micron Technology Inc., Samsung Electronics Co Ltd., SK Hynix Semiconductor Inc., Toshiba Corporation, Western Digital Corporation, Winbond Electronics Corporation, and Fudan Microelectronics (FMSH) among others.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America SLC NAND flash memory market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America SLC NAND flash memory market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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

For more information about this report visit https://www.researchandmarkets.com/r/moizxs

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900