Universal Flash Storage Market by Capacity (32 GB, 64 GB, 128 GB, 256 GB, 512 GB), Configuration, End Use (Automotive Electronics, Digital cameras, Gaming Consoles, High-Resolution Displays, Smartphones), Application, and Geography - Global Forecast to 2023

 Published On: Oct, 2017 |    No of Pages: 133 |  Published By: MarketsandMarkets | Format: PDF
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Universal flash storage market to exhibit robust growth between 2017 and 2023

The universal flash storage market is estimated to grow from USD 3.59 billion in 2017 and is estimated to reach USD 9.97 billion by 2023, at a CAGR of 18.6% during 2017–2023. This growth can be attributed to the growing demand for electronic devices with faster performance and improved responsiveness, rising adoption of high-speed data transfer technologies, and increasing demand for wearable electronics.

External card is expected to lead the universal flash storage market during the forecast period

External cards are expected to lead the universal flash storage market in 2017. Universal flash storage external cards support achieving power-efficient data transport, enhanced performance, and doubling throughput via command queuing. Key players are focusing on developing innovative memory solutions to cater to their growing requirements of consumers such as high-resolution movie playback, high-resolution 3D gaming, and high-end DSLR camera for enhancing their multimedia experience. For instance, Samsung Electronics Co., Ltd., in July 2016, launched the removable memory card line-up, with a capacity up to 256 GB. These removable memory cards are based on the JEDEC universal flash storage 1.0 card extension standard. These cards are meant for high-resolution mobile shooting devices such as 3D VR cameras, DSLR cameras, drones, and action cams.

Removable configuration is projected to witness the fastest growth in the near future

The universal flash storage market for the removable configuration is estimated to witness the fastest growth in the coming years. Owing to the faster performance and improved responsiveness of the consumer electronic devices, universal flash storage cards are anticipated to gain popularity in the near future. Removable universal flash storage cards support multiple commands and enable simultaneous reading and writing, doubling throughput. Due to this, most power-efficient data transport and highest performance in the consumer electronic devices is achieved.

Asia Pacific to be the fastest-growing universal flash storage market in the coming years

Asia Pacific is expected to be the fastest-growing region in the universal flash storage market during the forecast period. The digital era has spurred various technological innovations in this region. In addition, this region is witnessing steady growth in the technology spending. Leading enterprises such as CIOs and CTOs are having a positive outlook of the market. Shifting consumer preferences for high-quality video recording, increasing proliferation of 4K technology, and rising preference for energy efficient devices are expected to boost the universal flash storage market growth.

Breakdown of the profiles of the primary participants in the report has been given below:

• By Company Type: Tier 1 – 37%, Tier 2 – 33%, and Tier 3 – 30%
• By Designation: C–Level Executives – 71% and Directors – 29%
• By Region: North America – 32%, Europe – 28%, APAC – 26%, and RoW – 14%

Key players operating in the universal flash storage market include Arasan Chip Systems Inc. (US), Cadence Design Systems, Inc. (US), GDA Technologies Inc. (US), Micron Technology, Inc. (US), Phison Electronics Corporation, Inc. (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Silicon Motion Technology Corporation (US), SK Hynix, Inc. (South Korea), Synopsys, Inc. (US), and Toshiba Corporation (Japan).

Research Coverage:

The universal flash storage market research report covers different segments—application, capacity, configuration, end use, and geography. The report covers four major geographies —North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

• Illustrative segmentation; analysis; and forecast of the market by application, capacity, configuration, end use, and geography give an overall view of the universal flash storage market
• Value chain analysis to provide in-depth insights into the universal flash storage market
• Major drivers, restraints, opportunities, and challenges for the universal flash storage market
• Detailed competitive landscape, along with the key players, in-depth analysis, and revenue of the key players
TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 DEFINITION 12
1.3 STUDY SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 GEOGRAPHIC SCOPE 14
1.3.3 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Primary interviews with experts 18
2.1.2.2 Breakdown of primary interviews 19
2.1.2.3 Key data points from primary sources 19
2.1.2.4 Key industry insights 20
2.1.3 SECONDARY AND PRIMARY RESEARCH 21
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 22
2.2.1.1 Approach for capturing the market share by bottom-up analysis (demand side) 22
2.2.2 TOP-DOWN APPROACH 23
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side) 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 32
4.1 UNIVERSAL FLASH STORAGE MARKET 32
4.2 UNIVERSAL FLASH STORAGE MARKET, BY CONFIGURATION 32
4.3 UNIVERSAL FLASH STORAGE MARKET, BY APPLICATION 33
4.4 UNIVERSAL FLASH STORAGE MARKET, BY CAPACITY 33
4.5 UNIVERSAL FLASH STORAGE MARKET, BY END USE 34
4.6 UNIVERSAL FLASH STORAGE MARKET, BY GEOGRAPHY 35

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Growing demand for electronic devices with faster performance and improved responsiveness 37
5.2.1.2 Rising adoption of high-speed data transfer technologies 38
5.2.1.3 Increasing demand for wearable electronics 38
5.2.2 RESTRAINTS 38
5.2.2.1 High cost associated with the adoption of universal flash storage (UFS) 38
5.2.3 OPPORTUNITIES 39
5.2.3.1 Adoption of IOT 39
5.2.4 CHALLENGES 39
5.2.4.1 Complexities associated with the UFS architecture 39
5.3 VALUE CHAIN ANALYSIS 40

6 UNIVERSAL FLASH STORAGE MARKET, BY CONFIGURATION 41
6.1 INTRODUCTION 42
6.2 EMBEDDED 44
6.3 REMOVABLE 45

7 UNIVERSAL FLASH STORAGE MARKET, BY CAPACITY 47
7.1 INTRODUCTION 48
7.2 32 GB 50
7.3 64 GB 50
7.4 128 GB 51
7.5 256 GB 51
7.6 512 GB 51

8 UNIVERSAL FLASH STORAGE MARKET, BY APPLICATION 53
8.1 INTRODUCTION 54
8.2 BOOT STORAGE 56
8.3 EXTERNAL CARD 56
8.4 MASS STORAGE 56
8.5 XIP FLASH 57

9 UNIVERSAL FLASH STORAGE MARKET, BY END USE 58
9.1 INTRODUCTION 59
9.2 AUTOMOTIVE ELECTRONICS 61
9.3 DIGITAL CAMERAS 62
9.4 GAMING CONSOLES 62
9.5 HIGH-RESOLUTION DISPLAYS 63
9.6 LAPTOPS 64
9.7 SMARTPHONES 64
9.8 OTHERS (E-READERS, GPS, TABLETS) 65

10 GEOGRAPHIC ANALYSIS 67
10.1 INTRODUCTION 68
10.2 NORTH AMERICA 70
10.2.1 US 73
10.2.2 CANADA 73
10.2.3 MEXICO 73
10.3 EUROPE 74
10.3.1 GERMANY 77
10.3.2 UK 77
10.3.3 FRANCE 77
10.3.4 REST OF EUROPE 78
10.4 ASIA PACIFIC 79
10.4.1 CHINA 82
10.4.2 JAPAN 82
10.4.3 SOUTH KOREA 82
10.4.4 INDIA 83
10.4.5 REST OF APAC 83
10.5 ROW 84
10.5.1 MIDDLE EAST 86
10.5.2 SOUTH AMERICA 86
10.5.3 AFRICA 87

11 COMPETITIVE LANDSCAPE 88
11.1 INTRODUCTION 88
11.2 MARKET RANKING ANALYSIS, 2017 89
11.3 COMPETITIVE SITUATION AND TRENDS 90
11.3.1 BATTLE FOR MARKET SHARE: PRODUCT LAUNCHES IS THE KEY STRATEGY 91
11.3.2 PRODUCT LAUNCHES 91
11.3.3 PARTNERSHIPS/AGREEMENTS/STRATEGIC ALLIANCES/COLLABORATIONS 92

12 COMPANY PROFILES 93 (Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View)*
12.1 SAMSUNG 93
12.2 TOSHIBA 96
12.3 SK HYNIX 99
12.4 MICRON 102
12.5 PHISON 105
12.6 SILICON MOTION 108
12.7 SYNOPSYS 111
12.8 CADENCE 114
12.9 GDA IP TECHNOLOGIES 117
12.10 ARASAN 119
12.11 KEY INNOVATORS 121
12.11.1 TUXERA 121
12.11.2 AVERY 121

*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.

13 APPENDIX 122
13.1 INSIGHTS OF INDUSTRY EXPERTS 122
13.2 DISCUSSION GUIDE 123
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 126
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 128
13.5 AVAILABLE CUSTOMIZATIONS 130
13.6 RELATED REPORTS 130
13.7 AUTHOR DETAILS 131

LIST OF TABLES

TABLE 1 LIST OF MAJOR SECONDARY SOURCES 17
TABLE 2 UNIVERSAL FLASH STORAGE MARKET IN TERMS OF VALUE AND VOLUME, 2015–2023 42
TABLE 3 UNIVERSAL FLASH STORAGE MARKET, BY CONFIGURATION, 2015–2023 (USD MILLION) 43
TABLE 4 UNIVERSAL FLASH STORAGE MARKET FOR EMBEDDED MEMORY SOLUTIONS, BY REGION, 2015–2023 (USD MILLION) 45
TABLE 5 UNIVERSAL FLASH STORAGE MARKET FOR REMOVABLE MEMORY SOLUTIONS, BY REGION, 2015–2023 (USD MILLION) 46
TABLE 6 UNIVERSAL FLASH STORAGE MARKET, BY CAPACITY, 2015–2023 (USD MILLION) 48
TABLE 7 UNIVERSAL FLASH STORAGE MARKET, BY CAPACITY, 2015–2023 (MILLION UNITS) 49
TABLE 8 UNIVERSAL FLASH STORAGE MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 54
TABLE 9 UNIVERSAL FLASH STORAGE MARKET, BY END USE, 2015–2023 (USD MILLION) 59
TABLE 10 UNIVERSAL FLASH STORAGE MARKET FOR AUTOMOTIVE ELECTRONICS, BY REGION, 2015–2023 (USD MILLION) 61
TABLE 11 UNIVERSAL FLASH STORAGE MARKET FOR DIGITAL CAMERAS, BY REGION, 2015–2023 (USD MILLION) 62
TABLE 12 UNIVERSAL FLASH STORAGE MARKET FOR GAMING CONSOLES, BY REGION, 2015–2023 (USD MILLION) 63
TABLE 13 UNIVERSAL FLASH STORAGE MARKET FOR HIGH-RESOLUTION DISPLAYS, BY REGION, 2015–2023 (USD MILLION) 63
TABLE 14 UNIVERSAL FLASH STORAGE MARKET FOR LAPTOPS, BY REGION, 2015–2023 (USD MILLION) 64
TABLE 15 UNIVERSAL FLASH STORAGE MARKET FOR SMARTPHONES, BY REGION, 2015–2023 (USD MILLION) 65
TABLE 16 UNIVERSAL FLASH STORAGE MARKET FOR OTHERS, BY REGION, 2015–2023 (USD MILLION) 65
TABLE 17 UNIVERSAL FLASH STORAGE MARKET, BY REGION, 2015–2023 (USD BILLION) 68
TABLE 18 UNIVERSAL FLASH STORAGE MARKET IN NORTH AMERICA, BY END USE, 2015–2023 (USD MILLION) 70
TABLE 19 NORTH AMERICA UNIVERSAL FLASH STORAGE MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 71
TABLE 20 UNIVERSAL FLASH STORAGE MARKET IN NORTH AMERICA, BY CONFIGURATION, 2015–2023 (USD MILLION) 71
TABLE 21 UNIVERSAL FLASH STORAGE MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION) 71
TABLE 22 UNIVERSAL FLASH STORAGE MARKET IN EUROPE, BY END USE, 2015–2023 (USD MILLION) 74
TABLE 23 UNIVERSAL FLASH STORAGE MARKET IN EUROPE, BY APPLICATION, 2015–2023 (USD MILLION) 74
TABLE 24 UNIVERSAL FLASH STORAGE MARKET IN EUROPE, BY CONFIGURATION, 2015–2023 (USD MILLION) 75
TABLE 25 UNIVERSAL FLASH STORAGE MARKET IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION) 75
TABLE 26 UNIVERSAL FLASH STORAGE MARKET IN APAC, BY END USE, 2015–2023 (USD MILLION) 79
TABLE 27 UNIVERSAL FLASH STORAGE MARKET IN APAC, BY APPLICATION, 2015–2023 (USD MILLION) 79
TABLE 28 UNIVERSAL FLASH STORAGE MARKET IN APAC, BY CONFIGURATION, 2015–2023 (USD MILLION) 80
TABLE 29 UNIVERSAL FLASH STORAGE MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION) 80
TABLE 30 UNIVERSAL FLASH STORAGE MARKET IN ROW, BY END USE, 2015–2023 (USD MILLION) 84
TABLE 31 UNIVERSAL FLASH STORAGE MARKET IN ROW, BY APPLICATION, 2015–2023 (USD MILLION) 85
TABLE 32 UNIVERSAL FLASH STORAGE MARKET IN ROW, BY CONFIGURATION, 2015–2023 (USD MILLION) 85
TABLE 33 UNIVERSAL FLASH STORAGE MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION) 85
TABLE 34 RANKING OF KEY PLAYERS IN THE UNIVERSAL FLASH STORAGE MARKET, 2016 89
TABLE 35 MOST SIGNIFICANT PRODUCT LAUNCHES IN THE UNIVERSAL FLASH STORAGE MARKET 91
TABLE 36 MOST SIGNIFICANT COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES IN THE UNIVERSAL FLASH STORAGE MARKET 92

LIST OF FIGURES

FIGURE 1 MARKET SEGMENTATION 13
FIGURE 2 RESEARCH DESIGN 16
FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT THE MARKET SIZE 22
FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT THE MARKET SIZE 23
FIGURE 5 DATA TRIANGULATION METHODOLOGY 24
FIGURE 6 UNIVERSAL FLASH STORAGE MARKET (2017–2023) 26
FIGURE 7 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT, BY APPLICATION 27
FIGURE 8 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT, BY CAPACITY 28
FIGURE 9 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT, BY CONFIGURATION 29
FIGURE 10 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT, BY END USE 30
FIGURE 11 UNIVERSAL FLASH STORAGE MARKET, BY REGION, 2016 31
FIGURE 12 ATTRACTIVE GROWTH OPPORTUNITIES IN THE UNIVERSAL FLASH STORAGE MARKET 32
FIGURE 13 EMBEDDED UFS SOLUTIONS TO HOLD A LARGER SHARE OF THE UNIVERSAL FLASH STORAGE MARKET IN 2017 32
FIGURE 14 MARKET FOR MASS STORAGE DEVICES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 33
FIGURE 15 UFS CARDS WITH A CAPACITY OF 256 GB TO HOLD THE LARGEST MARKET SIZE BETWEEN 2017 AND 2023 33
FIGURE 16 SMARTPHONES EXPECTED TO HOLD THE LARGEST SHARE OF THE UNIVERSAL FLASH STORAGE MARKET IN 2017 34
FIGURE 17 US TO HOLD THE LARGEST SHARE OF THE UNIVERSAL FLASH STORAGE MARKET IN 2017 35
FIGURE 18 GROWING DEMAND FOR ELECTRONIC DEVICES WITH FASTER PERFORMANCE AND IMPROVED RESPONSIVENESS TO DRIVE THE UNIVERSAL FLASH STORAGE MARKET GROWTH 37
FIGURE 19 VALUE CHAIN ANALYSIS OF THE UNIVERSAL FLASH STORAGE MARKET 40
FIGURE 20 UNIVERSAL FLASH STORAGE MARKET SEGMENTATION, BY CONFIGURATION 43
FIGURE 21 UNIVERSAL FLASH STORAGE MARKET FOR REMOVABLE MEMORY SOLUTIONS TO GROW AT A HIGHER CAGR BETWEEN 2017 AND 2023 44
FIGURE 22 UNIVERSAL FLASH STORAGE MARKET SEGMENTATION, BY CAPACITY 49
FIGURE 23 MARKET FOR UNIVERSAL FLASH STORAGE CARDS WITH 512 GB & GREATER CAPACITY TO GROW AT THE HIGHEST CAGR BETWEEN 2017 AND 2023 50
FIGURE 24 UFS MARKET SEGMENTATION BASED ON APPLICATION, ALONG WITH MARKET SHARE OF EACH SEGMENT, 2017 55
FIGURE 25 UFS MARKET FOR MASS STORAGE APPLICATION TO EXHIBIT THE HIGHEST CAGR BETWEEN 2017 AND 2023 55
FIGURE 26 UNIVERSAL FLASH STORAGE MARKET SEGMENTATION, BY END USE 60
FIGURE 27 UNIVERSAL FLASH STORAGE MARKET FOR AUTOMOTIVE ELECTRONICS TO GROW AT THE HIGHEST CAGR OF BETWEEN 2017 AND 2023 60
FIGURE 28 GEOGRAPHIC SNAPSHOT: GLOBAL UNIVERSAL FLASH STORAGE MARKET, 2017–2023 69
FIGURE 29 UNIVERSAL FLASH STORAGE MARKET IN APAC TO EXHIBIT THE HIGHEST CAGR DURING 2017–2023 69
FIGURE 30 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT IN NORTH AMERICA 72
FIGURE 31 US TO DOMINATE THE UNIVERSAL FLASH STORAGE MARKET IN NORTH AMERICA 73
FIGURE 32 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT IN EUROPE 76
FIGURE 33 GERMANY TO LEAD THE EUROPEAN UNIVERSAL FLASH STORAGE MARKET, IN TERMS OF SIZE, DURING THE FORECAST PERIOD 77
FIGURE 34 UNIVERSAL FLASH STORAGE MARKET SNAPSHOT IN ASIA PACIFIC 81
FIGURE 35 UNIVERSAL FLASH STORAGE MARKET IN CHINA TO GROW AT THE HIGHEST CAGR DURING 2017–2023 82
FIGURE 36 SOUTH AMERICA TO EXHIBIT THE FASTEST GROWTH IN THE UNIVERSAL FLASH STORAGE MARKET IN ROW DURING 2017–2023 86
FIGURE 37 PRODUCT LAUNCHES IS THE KEY GROWTH STRATEGY BETWEEN JANUARY 2015 AND MAY 2017 88
FIGURE 38 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES IS FUELLING THE GROWTH OF THE UNIVERSAL FLASH STORAGE MARKET 90
FIGURE 39 SAMSUNG: COMPANY SNAPSHOT 93
FIGURE 40 TOSHIBA: COMPANY SNAPSHOT 96
FIGURE 41 SK HYNIX: COMPANY SNAPSHOT 99
FIGURE 42 MICRON: COMPANY SNAPSHOT 102
FIGURE 43 PHISON: COMPANY SNAPSHOT 105
FIGURE 44 SILICON MOTION: COMPANY SNAPSHOT 108
FIGURE 45 SYNOPSYS: COMPANY SNAPSHOT 111
FIGURE 46 CADENCE: COMPANY SNAPSHOT 114

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