NAND’s Revenue by Worldwide Manufacturer (2014-2021)

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This statistic highlights NAND’s Revenue by Worldwide Manufacturer 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 by Worldwide Manufacturer starting from Q2 of 2014.

This article will give you an insight into the NAND market and the revenue that the market is generating. Flash memory is an electronic non-volatile computer memory storage medium that can be electrically erased and reprogrammed. NAND is one of the most common kinds of flash memory.

NAND – “NOT AND”.  It is a non-volatile memory that is used in storage devices such as MP3 players, USB’S, SD cards, etc. The closest substitute to NAND is the NOR flash memory. NAND’s various characteristics include low power requirement, scalable design, cost-effective, and high-density, making it an ideal choice to fuel the demand for new electronic devices that are entering the global market.

The market for NAND saw a big increase after the supply shortage between 2016 and 2018. The markets are concentrated mainly in Asia – Pacific and North American regions. The market for NAND is expected to grow at a steady rate with technological advancement globally.

The key players operating in the global NAND Flash Memory market include Samsung (South Korea), Toshiba (Japan), SanDisk (The U.S), Micron Technology (The U.S), Hynix (South Korea), Intel (The U.S), Powerchip Technology Corporation (Taiwan) and Renesas Electronic (Japan) among others.

Nand shipments grew by 10% quarter on quarter in the last quarter of 2019. The prices also made a rebound due to the shortage. A minor decline is expected in the first quarter of 2020 owing to the COVID -19 outbreak. For most of the NAND suppliers, average selling prices continue to decline, a trend that started in the third quarter of 2018.

The demand for Samsung’s flash bits exceeded the supply. Samsung’s bit shipments increased by almost 10%. Samsung’s NAND flash revenue rose by 11.6 % to $4.451 billion. Toshiba’s bit shipments rose by 20% over the previous quarter and its revenue increased by 12%. Sk Hynix’s bit shipment grew by 10% in the fourth quarter of 2019. It’s NAND flash revenue increased by 5.4% to $1.207 billion. Western Digital’s bit shipment rose by 24% due to the demand placed by Apple’s new iPhones and the rapid rise in data center SSD demand. WD’s NAND flash revenue increased by 12.6% to $1.838 billion. Micron’s bit shipment increased by 15%. Micron’s revenue increased by 18.1% to $1.422 billion. Intel’s bit shipment grew by almost 50% and it’s NAND flash revenue increased by 37.2% to $1.297 billion.

In 2018, the 3D NAND segment had a significant market share, and this trend is expected to continue over the coming few years.

The smartphone and AI segment in particular are key drivers for the NAND market. These sectors have been growing rapidly over the years and are expected to continue doing so, which provides a great platform for growth in NAND markets.

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