How big is the NAND Flash Memory Market?

The NAND Flash Memory Market size is expected to reach USD 52.86 billion in 2024 and grow at a CAGR of 5.43% to reach USD 68.87 billion by 2029. Read More

What is the current NAND Flash Memory Market size?

In 2024, the NAND Flash Memory Market size is expected to reach USD 52.86 billion. Read More

Who are the key players in NAND Flash Memory Market?

Samsung Electronics Co. Ltd, KIOXIA Corporation, Micron Technology Inc., SK Hynix Inc. and Intel Corporation are the major companies operating in the NAND Flash Memory Market. Read More

Which is the fastest growing region in NAND Flash Memory Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in NAND Flash Memory Market?

In 2024, the Asia Pacific accounts for the largest market share in NAND Flash Memory Market. Read More

What years does this NAND Flash Memory Market cover, and what was the market size in 2023?

In 2023, the NAND Flash Memory Market size was estimated at USD 49.99 billion. The report covers the NAND Flash Memory Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NAND Flash Memory Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges faced by the NAND Flash Memory Market?

Major challenges faced by the NAND Flash Memory Market are: a) Technological complexities b) High initial investment and production costs c) Competition from alternative storage technologies d) Vulnerability to market and price fluctuations Read More

NAND Flash Memory Market Share

Statistics for the 2023 & 2024 NAND Flash Memory market share, created by Mordor Intelligence™ Industry Reports. NAND Flash Memory share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of NAND Flash Memory Industry

The NAND flash memory market is consolidated dominated by major vendors, such as Intel, Micron Technology, Samsung Electronics, SanDisk, SK Hynix, and Toshiba. As the entry barriers in the market are high, the entry of new players is difficult. The existing vendors in the market are investing heavily in the R&D of new and innovative products.

October 2023 - Samsung Electronics Co. announced that it will mass produce 300-layer NAND flash memory chips for the first time in the world in early 2024, advancing the production timeline by one year compared to SK hynix Inc. which was the first to develop 321-layer NAND memory.
June 2023 - SK hynix Inc. has announced today that it has started mass production of its 238-layer 4D NAND Flash memory, and will begin supplying the 238-layer NAND product for smartphones, and expand the technology across its product portfolio such as PCIe 5.0* SSDs and high-capacity server SSDs going forward.