NAND’s Revenue Market Share (2014-2021)

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This statistic highlights NAND’s Revenue Market Share starting from the second quarter of 2014. Click here to know more about the statistic.
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This statistic highlights NAND’s Revenue Market Share starting from Q2 of 2014.

NAND stands for “NOT AND”. NAND is one of the most common types of flash memory. It is used in storage devices such as SSD’s flash drives, USB’s, mobile phones, MP3 players, SD cards, etc. NAND memory is non-volatile, which implies that the memory is stored even when power is off.

It’s the closest competitor is NOR flash memory. NAND is faster, stores more data and is overall more efficient than NOR. NAND devices have become faster than traditional hard drives; therefore SSD’s have replaced HDDs in most of the devices. NAND is also very cost-effective. NAND has a high storage capacity for its size and its also easily replaceable.

While NAND is a little more expensive than traditional hard drives, its price has been falling.

The size of the NAND market in 2019 was $49 billion. The shortage in supply of NAND from 2016 to 2018 gave a huge boost to the NAND market, but after that the growth in NAND markets has been slow due to oversupply as several new NAND plants came up in 2019. The NAND Flash Memory market is predicted to witness stable growth during the period from 2017 to 2025. The market is expected to register a CAGR of 9.1% between 2019 and 2025. The market is set to see an up move in the coming years as demand and supply begin to stabilize and the advancement in technological devices will provide an impetus to the NAND market.

The Asia – Pacific region dominates the market as the region has a high demand from all the end-user applications. North America is the second-largest market followed by Europe. Many of the global firms are now adopting joint ventures or collaborations to expand their operations. The NAND market is dominated by Samsung with 35% of the market share as of the second quarter of 2019. The other major players in the market are Toshiba with 18% of the market share, Western Digital with 14%, Micron with 14% of market share, Sk Hynix with 10%, Intel with 9%, and other vendors making up less than 1%. The entry barriers are very high in the market it is difficult for new players to enter. The major players are also investing heavily in R&D to increase and protect their market share.

The latest trend in NAND technology is the 3D NAND. 3D NAND is a much denser, faster option than traditional NAND, but high costs and complexity have delayed the transition from older NAND technology.

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