In the second quarter of 2024, Samsung held a market share of 36.9 percent of the NAND flash memory market worldwide, ranking first among vendors. SK Group ranked second, occupying 22.1 percent of the global market. Computer memory Computer memory refers to the physical devices which are used to store data or programs for use in a computer. Primary storage allows for the short-term storage of data: information is retained for immediate use and is directly accessible by the CPU, usually until the main device is reset or turned off. Secondary storage, either in the form of hard disk drives (HDDs), solid-state drives (SSDs), flash drives, or other longer-term storage devices, record and hold data indefinitely, even when the main device is unpowered. HDD and SSD HDDs and SSDs are both a form of non-volatile memory commonly used for secondary storage in laptops and computers. HDDs are considered to be an old-school storage device, made up of magnetic tape and with mechanical parts inside. A solid-state drive (SSD) is a newer storage technology that has no moving parts. Instead, it uses NAND flash memory, a type of non-volatile storage that does not require power to retain data. Lower-priced laptops often still come with the cheaper HDD option, but most midrange to high-end PCs come with an SSD instead.

The NAND Flash Memory Market Report Covers Flash Memory Manufacturers, And It is Segmented by Type (SLC ((one-Bit Per Cell), Mlc ((second-Bit Per Cell), And TLC (three-Bit Per Cell), Qlc (quad Level Cell)), Structure (2-D Structure and 3-D Structure), Application (smartphones, Ssd, Memory Cards, And Tablets), And Geography (North America, Europe, Asia Pacific, Latin America, Middle-east and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

In the second quarter of 2024, Samsung generated revenues of 6.2 billion U.S. dollars from the sales of NAND flash products worldwide, ranking them first among manufacturers. This was an increase from the 5.4 billion U.S. dollars the company generated in the first quarter of 2024. SK Group ranked second among vendors, generating 3.72 billion U.S. dollars in revenue from the sales of NAND flash products. Computer memory market Computer memory refers to the physical devices used to store data or programs for use in a computer. Primary storage allows for the short-term storage of data, while secondary storage, either in the form of hard disk drives (HDDs), solid-state drives (SSDs), flash drives, or other longer-term storage devices, record and hold data indefinitely, even when the main device is unpowered. A solid-state drive (SSD) is a newer storage technology that has no moving parts. Instead, it uses NAND flash memory, a type of non-volatile storage that does not require power to retain data. Lower-priced laptops often still come with the cheaper HDD option, but most mid-range to high-end PCs come with an SSD instead.  SK Hynix to acquire Intel’s NAND flash business In October 2020, the South Korean memory semiconductor supplier, SK Hynix, announced that it would acquire Intel’s NAND flash business for nine billion U.S. dollars. The first stage of the deal was completed in late 2021, with SK Hynix taking over Intel's solid-state drive business and NAND manufacturing facility in Dalian, China. The second stage of the deal is expected to be closed in 2025. SK Hynix saw an expanded NAND flash manufacturers market share in 2022, briefly surpassing Kioxia to become the second largest firm in the second quarter of that year before slipping back into third position the following quarter.

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NAND Flash Market Size 2025-2029

The nand flash market size is forecast to increase by USD 26.4 billion at a CAGR of 6.5% between 2024 and 2029.

The market: Trends, Challenges, and Drivers the market is experiencing significant growth, driven by the increasing demand for memory cards in various sectors, including consumer electronics such as smartphones, digital content, and the Internet of Things (IoT). In the healthcare industry, NAND Flash is increasingly being used in medical imaging and medical devices. The semiconductor industry is also investing heavily in NAND Flash for applications in artificial intelligence (AI) and machine learning. Key market trends include the rise in strategic partnerships and acquisitions, as well as growing investments in fabrication facilities to meet the increasing demand. However, fluctuations in demand and supply can pose challenges to market growth.In the US and North America, the market is expected to grow significantly due to the increasing adoption of LED lighting, digital health, and the increasing popularity of smartphones and other consumer electronics. The market is also being driven by the need for smaller, more efficient packaging solutions for semiconductors and the increasing demand for digital content. Overall, the market is poised for continued growth, with opportunities in various sectors, including consumer electronics, healthcare, and the semiconductor industry.

What will be the Size of the NAND Flash Market during the forecast period?

Request Free SampleThe NAND flash memory market continues to experience robust growth, driven by the increasing demand for high-density storage in various consumer electronics, including tablets and cameras. The industry chain is characterized by a high level of collaboration between chip makers, equipment manufacturers, and memory packaging firms. Fabrication facilities are operating near full capacity utilization to meet the insatiable demand for NAND flash memory. Technological advancements, such as 3D NAND, have enabled higher storage densities and lower costs, further fueling market expansion. Modern consumers' reliance on data-intensive applications and services, such as streaming media and social media, has also contributed to the market's expansion.The semiconductor memory market research from Trendforce indicates that the market size will continue to grow, with low supply and high demand expected to persist In the near term. The industry is poised for continued innovation and expansion, as NAND flash memory becomes increasingly essential to the digital economy.

How is this NAND Flash Industry segmented?

The nand flash industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationSmartphonesSSDsMemory cardsOthersType3D NAND2D NANDTechnologyTLCMLCSLCGeographyAPACChinaIndiaJapanSouth KoreaSingaporeNorth AmericaUSEuropeGermanyFranceItalySouth AmericaMiddle East and Africa

By Application Insights

The smartphones segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth due to the increasing penetration of the Internet and the proliferation of smartphones. The availability of high-speed Internet connectivity and the subsequent rise in data generation, including audio, video, text, and encrypted data blocks, have fueled the demand for high-capacity memory modules. Social media applications, such as Facebook, WhatsApp, and Instagram, are driving this trend, as they require vast storage capacities to store user data. The popularity of these applications and the rapid adoption of smartphones worldwide are contributing to the market's expansion. Additionally, technological advancements in NAND flash, such as 3D NAND and high-density storage, are enabling the production of smaller, more efficient memory chips.NAND flash memory is an essential component in various industries, including consumer electronics, IoT ecosystems, automotive systems, medical devices, and cloud computing infrastructure. NAND flash companies, including chip makers and equipment manufacturers, are optimizing production strategies to meet the growing demand while navigating cyclical market shifts, economic changes, and supply chain constraints. Key players In the market include Micron, Intel, Samsung, and SK Hynix. The market is expected to continue growing due to the increasing reliance on multifunctional communication, entertainment, productivity tools, and scalable storage capacities.

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The Smartphones segment was valued at USD 23.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimat

Here you can see a breakdown of the NAND market for 2013, by application. The source estimates that for that year smartphones will account for 26 percent of the NAND market.

Global NAND market size 2025 was XX Million. NAND Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The 3D NAND flash memory market valuation currently stands at US$ 28,432.53 million as of 2024. It is slated to reach US$ 151,354.01 million by 2034. It is anticipated to witness an 18.2% CAGR through 2034. Key players are set to gain lucrative opportunities, especially in the European and North American countries.

Attributes	Details
Valuation for 2024	US$ 28,432.53 million
Projected Valuation for 2034	US$ 151,354.01 million
CAGR for 2024 to 2034	18.2%

Category-wise Insights

Attributes	Details
Type	Single-level Cell
Share (2024)	42.6%

Attributes	Details
Applications	Smartphones and Tablets
Share (2024)	32.3%

Country-wise Insights

Countries	CAGR (2024 to 2034)
Australia	21.7%
China	18.7%
United States	12.3%
Germany	7.7%
Japan	7%

NAND Flash Memory Market Size Surpasses $ 104.86 Bn by 2030 with a CAGR of 5.7%. Global Market Report Based on Market Share, Growth, Trends, Segments, Industry Outlook By 2030.

In 2019, SK Hynix was the leading storage manufacturer specializing in NAND or DRAM, accounting for 23.6 percent of global NAND and DRAM storage systems. Samsung occupied 21.7 percent of the global NAND and DRAM storage market, whilst Micron accounted for 20.7 percent of the market.

The China Flash Memory Market is Segmented by Type (NOR Flash Memory (By Density (2 MEGABIT & LESS, 4 MEGABIT & LESS (greater Than 2MB), 8 MEGABIT & LESS (greater Than 4MB), 16 MEGABIT & LESS (greater Than 8MB), 32 MEGABIT & LESS (greater Than 16MB), 64 MEGABIT & LESS (greater Than 32MB))), NAND Flash Memory (By Density (128 MB & LESS, 512 MB & LESS, 2 GIGABIT & LESS (greater Than 1GB), 256 MB & LESS, 1 GIGABIT & LESS, 4 GIGABIT & LESS (greater Than 2GB))), by End User (Data Center(Enterprise and Servers), Automotive, Mobile and Tablet, Client (PC, Client SSD)). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

This statistic shows the leading companies in the NAND market in 2018. Samsung was the leading producer of NAND in 2018 with a 38 percent total market share.

The size of the 3D NAND Memory Market was valued at USD 26634.84 Million in 2024 and is projected to reach USD 70978.68 Million by 2033, with an expected CAGR of 15.03% during the forecast period. The 3D NAND memory market is rapidly growing due to increasing demand for high-capacity, cost-efficient, and power-efficient storage solutions. 3D NAND technology stacks memory cells vertically, thus achieving higher density and better performance than traditional planar NAND. This innovation has made it a preferred choice in various applications, including consumer electronics, data centers, automotive, and industrial systems. Key growth drivers include the increasing adoption of solid-state drives (SSDs) in laptops, desktops, and enterprise storage systems, where 3D NAND provides faster data access speeds and improved durability. Additionally, the growth of data-intensive applications such as Artificial Intelligence (AI), Internet of Things (IoT), and 5G networks has further boosted the demand for advanced storage solutions. Advances in process technology, like stacking multilayer products in 128 layers and above, further increase storage density but lower unit costs. Asia-Pacific is the largest market driver, given its strong manufacturing capabilities and the widespread adoption of consumer electronics. 3D NAND memory will grow steadily as the world rapidly adopts digital transformation and expands its need for efficient storage of diverse high-performance data. Recent developments include: South Korea’s Samsung Electronics Co. launched its latest 286-layer NAND chips in April 2024, boosting storage capacity by 50 percent. Google and Apple, among other tech giants, received samples that were directed at AI data centers and smartphones., Kioxia of Japan disclosed a plan in April 2024 to produce over 1000 layers of 3D-NAND memory by 2031. Hidefumi Miyajima, CTO, explained the technical problems associated with this as well as how they can be resolved, which he delivered during the lecture held at Tokyo City University for the first Applied Physical Society Spring Meeting., YMTC of China had the world's most advanced three-dimensional NAND flash memory chip, X3-9070, consisting of a staggering two hundred and thirty-two individual X-train photo-transistor layers despite US sanctions against it in October 2023. This was an exemplary illustration of how China has been steadfast in its quest to grow its semiconductor business amidst global challenges., SK Hynix announced its groundbreaking 321-layer NAND flash technology based on Charge Trap Flash at the Flash Memory Summit in August 2023, marking a significant advancement over previous models in terms of storage density and performance. The silicon die containing four such stacked cells could store up to one terabit (Tbit), thereby delivering substantial improvement in chip area efficiency compared to prior technologies., At the recent Flash Memory Summit held in Santa Clara in July 2023, California NEO CEO Andy Hsu presented an innovative new type of AI chip that uses a novel “Local Computing” technique built around this new paradigm showed a significant advantage over all prior designs (Wang et al.,2019). His speech was entitled: “Revolutionary New Artificial Intelligence Chips Based on Innovative Architectures.”, China’s Yangtze Memory revealed their new product in October 2023 called Xtacking enhanced technology-based 120 layers ‘NAND flash’ memory, reportedly motivated by US restrictions limiting the supply of 3D NAND to China. The idea behind this technology was to bridge the performance gap that existed within the conventional 2D NAND structures, which had limited capacity for both write and read operations., In December 2023, senior lead engineer Richard Pasto of Intel joined SK Hynix’s Research & Development team headquarters in South Korea. He added his experience of twenty-eight years by joining Intel experts like Rezaul Haque (June) and Erika Shiple (November)., Japan-based Tokyo Electron announced a major breakthrough in 3D-NAND flash memory technology in October 2023, which poses a significant threat to Lam Research’s industry leadership position. It proposed a method of etching channel holes into memory cells, thereby increasing the density of stored information.. Notable trends are: Increase in demand for data centers.

Europe Flash Memory Market is Segmented by Type (NOR Flash Memory (By Density (2 MEGABIT & LESS, 4 MEGABIT & LESS (greater Than 2MB), 8 MEGABIT & LESS (greater Than 4MB), 16 MEGABIT & LESS (greater Than 8MB), 32 MEGABIT & LESS (greater Than 16MB), 64 MEGABIT & LESS (greater Than 32MB))), NAND Flash Memory (By Density (128 MB & LESS, 512 MB & LESS, 2 GIGABIT & LESS (greater Than 1GB), 256 MB & LESS, 1 GIGABIT & LESS, 4 GIGABIT & LESS (greater Than 2GB))), by End User (Data Center(Enterprise and Servers), Automotive, Mobile and Tablet, Client (PC, Client SSD)), Other End-User Applications). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

The size and share of the market is categorized based on Type (SSD, Consumer Electronics) and Application (MLC Type, TLC Type, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Nand Flash Memory Market size is estimated to reachUS$ 109.01 Bn by 2032 and is anticipated to grow to US$ 73.41 Bn in 2025 with steady 5.8%% from 2025 to 2032.

Global NAND Flash Memory market size 2025 was XX Million. NAND Flash Memory Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The NAND Flash market, valued at $67.75 billion in 2025, is projected to experience robust growth, driven by the increasing demand for high-capacity storage solutions across various applications. The compound annual growth rate (CAGR) of 5.02% from 2025 to 2033 indicates a significant expansion of this market over the forecast period. Key drivers include the proliferation of smartphones with enhanced storage capabilities, the growing adoption of solid-state drives (SSDs) in data centers and personal computers, and the surging demand for high-capacity memory cards in consumer electronics. Technological advancements in 3D NAND technology, offering higher density and improved performance compared to its 2D counterpart, are further fueling market growth. The market segmentation reveals a diverse landscape, with smartphones currently leading the application segment, followed by SSDs and memory cards. Within the type segment, 3D NAND is expected to dominate due to its superior performance and cost-effectiveness at higher densities. TLC (Triple-Level Cell) technology is also likely to hold a significant share in the technology segment owing to its balance between cost and storage capacity. However, the market faces certain restraints, including fluctuating raw material prices and the potential for oversupply in certain segments. Competition among major players like Samsung, Kioxia, Micron, and SK Hynix is intense, driving innovation and price competitiveness. Regional variations in market growth are expected, with APAC (particularly China, Japan, and South Korea) anticipated to lead due to the region's robust electronics manufacturing base and expanding consumer market. North America and Europe will also witness significant growth, driven by data center expansion and increasing adoption of SSDs in enterprise applications. The competitive landscape is characterized by both established industry giants and emerging players. Strategic alliances, acquisitions, and technological advancements are common strategies for maintaining market share and driving growth. Companies are focusing on developing advanced NAND flash technologies, expanding their product portfolios, and strengthening their supply chains to meet the ever-growing demand. While the market presents substantial opportunities, companies face risks related to technological obsolescence, economic fluctuations, and geopolitical uncertainties. Continuous innovation and adaptation will be crucial for success in this dynamic and competitive market. Future growth will depend heavily on successfully navigating these challenges and capitalizing on the emerging trends such as the rise of AI and edge computing, which further increase the demand for high-performance storage solutions.

Die Marktgröße des Marktes für 3D-NAND-Flash-Speicherkonsum wird anhand der Anwendung (SSD, Unterhaltungselektronik) und des Produkts (MLC-Typ, TLC-Typ, anderer) und geografischer Regionen (Nordamerika, Europa, asiatisch-pacific, Südamerika und Mitte Ost und Mitte Ost und Middle-Ost und Middle-Ost und Afrika) eingestuft.

The statistic shows the size of the market for 2D and 3D NAND flash memory worldwide, from 2015 to 2025. In 2016, the 2D and 3D NAND flash memory market is predicted to reach 39.2 billion U.S. dollars worldwide.

In the second quarter of 2024, 16.8 billion U.S. dollars worth of revenue was generated from sales of NAND flash memory products worldwide. Among vendors, Samsung is the leading NAND flash manufacturer in terms of revenue.