Flash Memory Card Market 2019 Industry Trends, Opportunities, Growth and Forecast by 2024

According to the latest report by IMARC Group titled, “Flash Memory Card Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market grew at a CAGR of around 4% during 2013-2018.

Flash memory cards are non-volatile storage devices which are used for storing digital data, such as images, videos, audios, documents and text files. They are used as extra memory storage units and are compatible with mobile phones, laptops, desktop computers, and digital cameras, among other electronic devices. In comparison to traditionally used storage media, these cards are portable, compact in size, have higher data transfer rates and are less vulnerable to physical and mechanical damage. 

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The global market is driven by the thriving electronics industry across the globe. The bourgeoning sales of digital cameras for storing high-resolution images is augmenting the product demand. Furthermore, the increasing penetration of the Internet and social media platforms, along with the rapid adoption of smart devices, which require high storage capacity, is also contributing to the market growth. Other factors, including rapid urbanization, rising disposable incomes and significant technological advancements, are projected to create a positive impact on the market outlook.

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Market Segmentation:

Breakup by Product Type:

•    Secure Digital (SD)
•    Memory Sticks
•    MultiMediaCard (MMC)
•    Compact Flash
•    Picture Card
•    Smart Media

Breakup by Distribution Channel:

•    Offline
•    Online

Breakup by Application:

•    Smart Devices
•    Cameras and Camcorders
•    Others

Regional Insights:

•    Asia Pacific
•    Europe
•    North America
•    Middle East and Africa
•    Latin America

Competitive Landscape

The report has also examined the competitive landscape of global flash memory card market. Some of the major players in the market are SanDisk, IMEC, Corsair, G.SKILL International Enterprise, Mushkin, Kingston, Samsung, SK Hynix, Toshiba, Transcend Information, etc.

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