SLC NAND flash memory market in Europe is expected to grow from US$ 250.5 Mn in 2018 to US$ 375.9 Mn by the year 2027 with a CAGR of 4.1% from the year 2019 to 2027.
The Rising digitalization and increasing data-centric applications of SLC NAND flash memories and growing demand for advanced features are the major factors propelling the growth of the SLC NAND flash memory market. In addition, the rising penetration of connected cars to offer a significant opportunity platform is anticipated to boost the SLC NAND flash memory market growth in the near future. The SLC NAND flash memory market is experiencing an intense growth with regards to new product developments, and deployment for future in the current scenario although it is anticipated to rise at a sluggish pace in the coming years. The market for SLC NAND comprises of several tier1, tier2 and tier3 companies across the globe which capitalize substantial amounts with an objective to develop advanced electronic and semiconductor storage products. Also, there are a few stakeholders in the SLC NAND flash memory ecosystem that are involved in the end-to-end development of SLC NAND flash memory and ensuring that the best product is made available for the users. Government funding for research & development, automotive manufacturers, communication equipment manufacturers, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for SLC NAND flash memory over the forecast period. Growing usage of the semiconductor based electronic devices in various industry verticals owing to the advent of IoT and Industrial IoT is one major factor driving the demands for these products. IoT technology has empowered each device to communicate with each of the other devices present on the network and thereby create the need for memories and storage spaces.
SLC NAND flash memory market by application is segmented into automotive, industrial, communication, computers & IT, consumer electronics, and others. Automotive application of SLC NAND flash memory market is expected to dominate during the forecast period. The automotive sector is posing incredible growth prospects to the SLC NAND flash memory market due to the increasing application of all the form factors such as memory, interface, processor, and analog systems in safety applications, as well as in drive assistance, parking sensors, navigation system, and energy-efficiency applications. Further, autonomous driving is one of the most exciting applications of computing currently in development. Many semiconductor manufacturing companies are focusing on the latest developments, including the evolution of ADAS, automotive infotainment, and others. The automotive OEM’s strategies and product launch plans are further expected to provide significant opportunities for SLC NAND flash memory market.
Germany led the Europe SLC NAND flash memory market in 2018 and is expected to continue its dominance during the forecast period with the maximum share. As Germany is one of the world’s largest automotive hubs, most of the automobile manufacturers also become customers for the advanced vehicle components. Germany also claims to be the largest concentration of OEM plants across Europe. Volkswagen and Daimler are two most prominent companies mainly focused on safety application in both 2014 and 2015. Software and electronic components are anticipated to play a prominent role in vehicle innovation. Around 90% of automotive innovations in 2016 featured electronics and software, more specifically in active safety requirements. Good economic growth has also driven the German SLC NAND flash memory market in the automotive sector. The figure given below highlights the revenue share of the Rest of Europe in the SLC NAND flash memory market in the forecast period:
Exhibit: Rest of Europe SLC NAND flash memory Market Revenue and Forecasts to 2027 (US$ Mn)
EUROPE SLC NAND FLASH MEMORY MARKET SEGMENTATION
By Type
By Application
By Density
By Country
SLC NAND flash memory Market - Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 250.5 Million |
| Market Size by 2027 | US$ 375.9 Million |
| CAGR (2019 - 2027) | 4.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe SLC NAND Flash Memory Market is valued at US$ 250.5 Million in 2018, it is projected to reach US$ 375.9 Million by 2027.
As per our report Europe SLC NAND Flash Memory Market, the market size is valued at US$ 250.5 Million in 2018, projecting it to reach US$ 375.9 Million by 2027. This translates to a CAGR of approximately 4.1% during the forecast period.
The Europe SLC NAND Flash Memory Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe SLC NAND Flash Memory Market report:
The Europe SLC NAND Flash Memory Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe SLC NAND Flash Memory Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe SLC NAND Flash Memory Market value chain can benefit from the information contained in a comprehensive market report.
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