According to the new market research report "Universal Flash Storage Market by Capacity (32 GB, 64 GB, 128 GB, 256 GB, 512 GB), Configuration, End Use (Automotive Electronics, Digital cameras, Gaming Consoles, High-Resolution Displays, Smartphones), Application, and Geography - Global Forecast to 2023", the universal flash storage market is estimated to be valued at USD 4.50 Billion by 2023, at a CAGR of 18.3% between 2017 and 2023. The growth can be attributed to the rising adoption of high-speed data transfer technologies, increasing demand for wearable electronics, and growing demand for electronic devices with faster performance and improved responsiveness.
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Driver: Growing demand for electronic devices with faster performance and improved responsiveness
The embedded multimedia card (eMMC) storage interface is the most well-known component used in numerous electronic devices all over the world. Though eMMC is the dominating mobile storage interface at present, it is inefficient to read and write data simultaneously due to its parallel interface, which can send data in one direction at a time. On the other hand, UFS works on the serial interface, which enables reading and writing data at the same time, thereby delivering improved capabilities and responsiveness. Another most significant aspect of UFS impending scalability, thereby allowing for bandwidth growth to support future technological advancements in mobile phones such as 4K video capture and virtual reality. Moreover, higher resolution content is also pushing the bandwidth limit of eMMC.
“North America is anticipated to lead the universal flash storage market between 2017 and 2023”
North America holds the dominant position in the universal flash storage market owing to the rapid adoption of advanced technology products by the consumers, such as e-readers, drones, smartphones, tablets, wearable electronics, and AR-VR products.
Major players operating in the universal flash storage market include Arasan Chip Systems Inc. (US), Cadence Design Systems, Inc. (US), GDA Technologies Inc. (US), Micron Technology, Inc. (US), Phison Electronics Corporation, Inc. (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Silicon Motion Technology Corporation (US), SK Hynix, Inc. (South Korea), Synopsys, Inc. (US), and Toshiba Corporation (Japan).
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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