According to a new report, the global flash memory card market size reached US$ 7.8 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years.
A flash memory card is a storage device that is utilized for storing data and media files. The device uses non-volatile semiconductor memory for saving texts, audio, video and pictures in portable and handheld devices. Although this primary storage device does not lose the data when removed from the device, it can be easily erased or reformatted and reused by the users. Apart from this, it is compact in size, shock-resistant, and extremely durable. As a result, it is ideal for use in a wide array of devices, including mobile phones, laptops, printers, digital cameras, digital camcorders, MP3 players, synthesizers, digital pianos, electric keyboards and portable media players.
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Global Flash Memory Card Market Trends:
The rapidly increasing sales of smart devices across the globe is one of the leading factors contributing to the rising demand for flash memory cards. Flash memory cards not only form an indispensable component of these cameras but also are extremely convenient to use as they do not require external programming. Furthermore, significant technological advancements have enabled the launch of several variants with higher storage capabilities. For instance, Longsys Electronics Co., Ltd, a DMS (Design, Module, Service) company based in China, launched a flash memory card with a capacity of 1TB, under its Lexar brand in January 2019. The card is geared toward professional content creators who manage huge volumes of high-definition images and videos. Additionally, the advent of 3D NAND, an emerging technology that is expected to offer higher storage capacity in reduced space, is providing further stimulus to the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
For more information about this report visit: https://www.imarcgroup.com/flash-memory-card-market
Global Flash Memory Card Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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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