Asia Pacific Flash Memory Market Size (2024 - 2029)

Asia Pacific Flash Memory Market Analysis

The Asia Pacific Flash Memory Market size is estimated at USD 32.49 billion in 2024, and is expected to reach USD 42.86 billion by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).

The growth of the market is favored by various factors, such as growing sales of consumer electronic products, including smartphones, laptops, tablets, and smartwatches, increasing penetration of IoT technology, and the emergence of data-centric applications in numerous industry verticals. China, South Korea, Japan, and India, among others, are major Asian Pacific countries. Asia Pacific is a massive marketplace for non-volatile memory technologies as the area dominates many manufacturing subsectors of other end-user industries and the global semiconductor manufacturing sector. In the market under study, nations like China offer low-cost products.

• Notably, memory manufacturers reported no major impact on flash memory supply in the APAC region, but weakening demand impacted flash memory prices as the electronics device sector was impacted significantly by the COVID-19 outbreak, as China is one of the major suppliers of raw materials and finished products. Moreover, the Indian smartphone manufacturing sector was heavily impacted owing to COVID-19. During the pandemic, smartphone manufacturers such as Samsung, Vivo, Oppo, Motorola, Xiaomi, and LG said they closed their factories for various periods. Apple had also shut down its four sales offices in India and the development center for maps in Hyderabad to prevent coronavirus spread among its employees.
• Furthermore, weakened sales of retail storage products such as memory cards and USB drives were observed, but the demand remained fairly strong in the main application segments owing to the arrival of the traditional peak season and the growth in the procurement related to data centers. The widespread work- and the learn-from-home transition has facilitated a near-term boost to the memory suppliers, leading to first-half memory bit shipments higher than previously anticipated. market
• The flash memory market is growing at a significant rate. New systems and products that are smarter, integrated, all-encompassing, and more economical are contributing to this. Additionally, the gradual acceptance of industry-wide specifications contributed to flash market growth. As a result, the flash industry has grown with the adoption of various interface specifications, especially those relating to the consumer device industry.
• Expanding digital transformation in the region proliferates the demand for data center capacity beyond traditional Tier 1 data centers. Demand in emerging markets such as mainland China, India, and Indonesia continues to gain momentum along with other large emerging markets in Southeast Asia, such as Vietnam and Thailand, coming into view as high-potential markets with burgeoning local needs. Thus, companies in APAC are investing in data center infrastructure management owing to the technology boom and big data, and these new trends are beginning to emerge in the commercial real estate sector, presenting high data storage demand,
• Moreover, the rising disposable income and the growing manufacturing and sales of luxurious automobiles with various features such as ADAS, infotainment, drive video/data recorder, or instrument cluster are further driving the role of flash memory as reported by Toshiba that the average autonomous vehicle is likely to generate data at the rate of 4 terabytes per day, and a significant amount that data will be uploaded to the cloud. The majority of it is likely to sit in flash memory chips residing both on vehicles and in data centers, and the upshot of these trends is a boom time for flash memory chips that can handle the special needs of vehicles.

Asia Pacific Flash Memory Industry Segmentation

Flash memory is a type of non-volatile memory that electronically erases data in blocks and rewrites the data at the byte level. There are two types of flash memory - NOR flash and NAND flash. Flash memory is widely used for storage and data transfer in consumer devices, enterprise systems, and industrial applications. The market study comprises the value and volume of flash memory.

The Asia Pacific 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 above mentioned segments.