Universal Flash Storage Market estimated to be worth 4.50 Billion USD by 2023

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.

Request For Free Sample Pages:
https://www.marketsandmarkets.com/requestsample.asp?id=112970772

 

The research methodology used to estimate and forecast the universal flash storage market begins by capturing data on key vendor revenues through secondary research. The secondary sources include IEEE journals, automation world magazines, manufacturing automation magazines, and leading players’ newsletters. Vendor offerings are also considered to determine the market segmentation. The bottom-up approach is employed to arrive at the overall size of the global universal flash storage market from the key players’ revenues. After arriving at the overall market size, the total market is split into several segments and subsegments. Thereafter, these are verified through primary research by conducting extensive interviews with people holding key positions in the industry, such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures are also employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primaries is depicted in the following figure.

The value chain pertaining to the universal flash storage market starts with research and development, manufacturing, system integration, distribution, and post-sales services. The most important steps in the value chain of the universal flash storage market are research and development and system integration. The end product differentiation is limited to application and capacity. UFS is significantly expensive, and in the beginning, it will be suitable for high-end electronic devices only. UFS is presently being utilized in high-end smartphones, tablets, and ultrabooks. eMMC is expected to continue to be the best choice for mid-to-low-cost mobile applications.

Some major suppliers of universal flash storage are 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).

Speak To Analyst:
https://www.marketsandmarkets.com/speaktoanalyst.asp?id=112970772

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com