Flash memory is a technology which is used to store the information and data in the absence of power supply. In the other form it is a kind of non-volatile computer storage.
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Market Synopsis of Flash Memory Market
Market Scenario
Market of Flash Memory has been growing with the evolution of the computers and media devices and now flash memory is not only used in computers but there are various applications which uses flash memory. Currently market of flash memory has been valued at US $XX billion and is been growing with the CAGR of XX%.
It is expected that flash memory market will reach the market size of US $XX billion by the end of forecasted period.
Market Segmentation
Segmentation by Type: NOR and NAND
Segmentation by Storage Technology: Magnetic Storage, Optical Storage and Electronic Memories
Segmentation by Application: Smartphone, Tablet and PC, Solid State Drives (SSD), Handheld Media Player Devices and others (DSC- Digital still Camera)
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Key players
The prominent players in the market of flash memory are- Samsung (South Korea), Toshiba (Japan), Intel (U.S.), SanDisk (U.S.), IM Flash (U.S.), Micron Technology, Inc., (U.S.), Cypress Semiconductor Corporation (U.S.), SK Hynix (South Korea), STMicroelectronics (Switzerland), Qimonda (Germany) among others.
Industry News
- In July 2016, Samsung introduced the world’s first UFS (Universal flash storage) with storage capacity up to 256 Giga bytes.
- In Jul 2016, Micron introduced the new high performance NAND flash memory for IoT and Automotive industry.
- In March 2016, Toshiba announced the investment plan of US $3.2 billion in production of flash memory chip on new a new factory.
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