New York, US, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “3D NAND Memory Market information by Type, by Application, and Region – forecast to 2027” market size to reach USD 80 billion, growing at a compound annual growth rate of 4.95% by 2025.
3D NAND flash memory contain a stack of memory cells on top of each other to provide higher storage capacity. Its ability to scale and perform at twice the speed of 2D flash memory can interest various industrial sectors. The global 3D NAND memory market report by Market Research Future (MRFR) identifies new trends in 3D NAND memory and its future applications through in-depth research for the forecast period (2020-2027). The COVID-19 pandemic and its effects also make up a large portion of the report.
Dominant Key Players on 3D NAND Memory Market Covered are:
Infineon Technologies AG
VIA Technologies INC.
Micron Technology Inc.
SK HYNIX INC.
Phison Electronics Corporation
Silicon Motion Technology Corp.
Transcend Information Inc.
AMIC Technology Corporation
Realtek Semiconductor Corp.
Microchip Technology Inc.
Western Digital Corporation
KIOXIA Holdings Corporation
JMICRON Technology Corporation
Seagate Technology LLC
Integrated Silicon Solution Inc.
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Market USP Exclusively Encompassed:
5G Services to be Pivotal in Driving Market Growth
Nations aiming to connect the large populace of cities with rural areas can lead to heave investments in rail infrastructure. Expansions of rail road projects to serve as a reliable backup for trade and being integral to logistics and supply chains can drive the 3D NAND memory market. Bids and auctions invited by governments to modernize the railways can serve as an incentive to 3D NAND memory manufacturers.
Expansion Plans for SMEs to Spur Market Demand
The fuel burn penalty for 3D NAND memory emitting nitrogen oxide can motivate railroad operators to opt for engines with alternative fuels such as diesel, LNG, and electric. Replacement of gasoline engines with diesel and encouragement of brake thermal efficiency can bode well for the market. Investments in fuel injection technology to improve the performance of 3D NAND memory engines has high potential in the market.
Hybrid 3D NAND Memorys to Disrupt the 3D NAND Memory Market
Hybrid 3D NAND memory are estimated to gain precedence slowly in the market as nations look to introduce sustainable development goals in their budget. Benefits of low fuel consumption and noise reduction compared to its conventional counterpart can drive its demand. Modernization initiatives by nations to rapidly upgrade its railroad infrastructure and connect citizens to faraway routes can bode well for the market. This is exemplified by the agreement between Hyundai Rotem and the Tanzania Railway Corporation for electric 3D NAND memory and electric multiple units.
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Segmentation of Market Covered in the Research:
TLC Type to Rule Market Demand
By type, the market is segmented into single-level cell (SLC), multi-level cell (MLC), and triple-level cell (TLC).
Automotive Industry to be Biggest End-user
By end-user, the 3D NAND memory market is segmented into healthcare, enterprise, automotive, consumer electronics, and others.
Smartphone & Tablets Application to Dominate Market Growth
By application, the market is segmented into smartphone & tablets, laptops & PCs, cameras, and others.
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APAC to Lead Global 3D NAND Memory Market
APAC is touted to be highly lucrative for the market owing to a large customer base and the potential for railroad networks. Rapid industrialization and transport of goods through freight carriers can drive the regional 3D NAND memory market growth. Huge production of rolling stock and investments in railroad connectivity projects can influence the market.
COVID-19 Impact on the Global 3D NAND Memory Market
The COVID-19 outbreak is likely to act as a catalyst for the 3D NAND memory market. This is attributed to the use of renewable technologies to counter the effect of emissions. Switch to diesel and electric 3D NAND memory engines can lead to high interest by investors looking for investing in green energy. Rise of leasing equipment dealing agencies owing to rampant international trade can drive the market demand significantly. Recently, European Loc Pool has procured 3D NAND memorys from Stadler Rail to enhance its freight services plans.
Moreover, 3D NAND memory operated trains have been pivotal in transporting passengers during the pandemic in densely populated areas. A special bogey has been reserved to operate as a hospital to cater to any new cases.
Yangtze Memory Technologies Co (YMTC) is about to commence production of 128-layer 3D NAND memory chips. The chip has 7,500 MBps read speeds and 5,500 MBps writing speeds.
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