Flash memory is an electronic non-volatile computer memory storage medium that can be electrically erased and reprogrammed. NAND is a subcategory of flash memory and is a nonvolatile storage technology that does not require power to retain data. NAND flash memory uses floating-gate transistors to store information without a power supply. NAND, especially when part of a Solid State Drive (SSD) is a faster, more reliable replacement of the magnetic disks used in Hard Disk Drives (HDD). While NAND is considerably more expensive than traditional hard drives, its price has been steadily falling.
The chart shows the NAND flash market size over a forecast period from 2015 to 2024. The size of the NAND market was $53B in 2020 but is expected to grow 9% in 2021. The increase in the NAND market from 2016 to 2018 was caused by a major supply shortage, however several new NAND plants came online in 2019, causing NAND prices and the NAND market to decline. As NAND supply and demand stabilize, SSDs replace HDDs, and the demand for NAND flash continues to grow, the NAND market is expected to expand over time.
The market for branded NAND memory is dominated by Samsung which had a 35% NAND Market Share in Q2 2019. The other players that make up this market are Toshiba with 18% NAND market share, Western Digital with 14% share, Micron with 14% share, SK Hynix with 10%, Intel with 9% and other vendors making up less than 1% of the NAND memory market. View the source for this NAND Market Share chart and other NAND Market statistics and trends here.
NAND Market growth in dollar terms has been slow in the past year because of oversupply issues. However, unit sales of NAND have been quickly increasing. The market is expected to see a steady uptick in growth in 2020 and beyond as supply and demand stabilize, solid-state drive (SSD) adoption continues, and 5G drives ever-increasing storage needs both locally on smartphone and IoT devices, and remotely in Data Centers. The current macro trends of growth in AI and machine learning, mobility, and connectivity are further favorable growth drivers for the NAND market.
Market research firms generally agree on NAND Market Size, moderately disagree on NAND Market Share and agree moderately on the growth prospects of the NAND market. NAND sales are typically well reported by the major producers and there are a number of research firms that track NAND production and capacity. For a complete evaluation of the NAND Market and NAND Industry Statistics, T4 recommends exploring all available sources. T4 aggregated and organized the data from these sources on the T4 Industry Research Platform. See each source's view of the NAND Market, NAND Market Size, and NAND Market Share on the T4 Platform.
T4 comprehensively aggregated more than 40 reports from more than a dozen publishers covering statistics and trends in the NAND market. This includes NAND Price, NAND Market Share, NAND Production, NAND Revenue by Region, and more than 10 additional statistics. The NAND market falls under T4's Storage industry coverage. Industries related to the NAND Industry in the T4 taxonomy include Solid State Drives (SSDs), Optical Disk Drives, Hard Disk Drives (SSDs), NVME, Storage, Enterprise Storage, Enterprise SSDs, NAND Memory Card, and Smartphone NAND. You can find reports covering these industries on T4’s Platform.
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