Europe SLC NAND Flash Memory Market

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:

Rest of Europe SLC NAND flash memory Market Revenue and Forecasts to 2027 (US$ Mn)

Europe SLC NAND Flash Memory Strategic Insights

Strategic insights for the Europe SLC NAND Flash Memory provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe SLC NAND Flash Memory Report Scope

Europe SLC NAND Flash Memory Regional Insights

The geographic scope of the Europe SLC NAND Flash Memory refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

EUROPE SLC NAND FLASH MEMORY MARKET SEGMENTATION

By Type

• Serial
• Parallel

By Application

• Automotive
• Industrial
• Communication
• Computers & IT
• Consumer Electronics
• Others

By Density

• 1 Gb
• 2 Gb
• 4 Gb
• 8 Gb
• Above 8 Gb

By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

SLC NAND flash memory Market - Companies Mentioned

• Cypress Semiconductor Corporation
• Intel Corporation
• Kingston Technology Company, Inc.
• Microchip Technology Inc.
• Micron Technology, Inc.
• Samsung Electronics Co Ltd.
• SK Hynix Semiconductor Inc.
• Toshiba Corporation
• Western Digital Corporation
• Winbond Electronics Corporation
• Fudan Microelectronics