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3D NAND Flash Memory Market Share

Report ID: GMI9893
Published Date: Jun 2024
Report Format: PDF

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3D NAND Flash Memory Market Share

Samsung Electronics Co., Ltd. and Northrop Grumman Corporation together held over 15% market share of the 3D NAND flash memory industry in 2023. Samsung Electronics Co., Ltd., with its innovative technologies, strong manufacturing capabilities, and strategic investments, has established itself as a dominant force in the semiconductor industry.

Micron Technology is one of the largest manufacturers of memory and storage solutions globally, playing a critical role in the advancement of memory technologies, including 3D NAND flash memory. The company has been at the forefront of developing advanced 3D NAND architecture, which stacks memory cells vertically to increase storage density and improve performance.

3D NAND Flash Memory Market Companies

Major players operating in the 3D NAND flash memory industry are:

Samsung Electronics Co., Ltd.
Micron Technology, Inc.
SK Hynix Inc.
Intel Corporation
Kioxia Corporation
Western Digital Corporation
Nanya Technology Corporation

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for 3D NAND flash memory was worth USD 19 billion in 2023 and is projected to expand at over 15% CAGR from 2024 to 2032, led by the increasing use of high-resolution cameras and rising 4K/8K video recording capacities.

The triple-level cell type segment in the 3D NAND flash memory industry is projected to expand at over 15% CAGR from 2024 to 2032, owing to its cost efficiency, technological advancements, and the rising demand for high-capacity storage.

The smartphones & tablets application segment in the 3D NAND flash memory industry is estimated to surpass USD 40 billion by 2032, due to the rising demand for personalized recommendations, smarter photography and predictive text.

Asia Pacific industry is projected to reach USD 15 billion by 2032, led by the significant investments in R&D and technological advancements for enhancing performance, capacity, and cost-efficiency.