The Rising digitalization and increasing data-centric applications of SLC NAND flash memories and growing demand for advanced features are the major factors propelling the growth of the SLC NAND flash memory market. In addition, the rising penetration of connected cars to offer a significant opportunity platform is anticipated to boost the SLC NAND flash memory market growth in the near future. The SLC NAND flash memory market is experiencing an intense growth with regards to new product developments, and deployment for future in the current scenario although it is anticipated to rise at a sluggish pace in the coming years.
The Europe SLC NAND Flash Memory market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Germany led the Europe SLC NAND flash memory market in 2018 and is expected to continue its dominance during the forecast period with the maximum share. As Germany is one of the world’s largest automotive hubs, most of the automobile manufacturers also become customers for the advanced vehicle components. Germany also claims to be the largest concentration of OEM plants across Europe. Volkswagen and Daimler are two most prominent companies mainly focused on safety application in both 2014 and 2015. Software and electronic components are anticipated to play a prominent role in vehicle innovation. Around 90% of automotive innovations in 2016 featured electronics and software, more specifically in active safety requirements. Good economic growth has also driven the German SLC NAND flash memory market in the automotive sector.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for Europe SLC NAND Flash Memory in the market.
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Europe SLC NAND Flash Memory Market – MARKET SEGMENTATION
- Computers & IT
- Consumer Electronics
- 1 Gb
- 2 Gb
- 4 Gb
- 8 Gb
- Above 8 Gb
- Rest of Europe
SLC NAND flash memory Market – Companies Mentioned
- Cypress Semiconductor Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Microchip Technology Inc.
- Micron Technology, Inc.
- Samsung Electronics Co Ltd.
- SK Hynix Semiconductor Inc.
- Toshiba Corporation
- Western Digital Corporation
- Winbond Electronics Corporation
- Fudan Microelectronics
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