Global Universal Flash Storage Market
The Global Universal Flash Storage Market was valued at USD 1.57 billion in 2016 and is projected to reach USD 7.3 billion by 2025, growing at a CAGR of 18.63% from 2017 to 2025.
Universal Flash Storage (UFS) is a common flash storage specification for digital cameras, mobile phones and consumer electronic devices. It aims to bring higher data transfer speed and increased reliability to flash memory storage, while reducing market confusion and removing the need for different adapters for different types of card.
1. Market Drivers
1.1 Increasing adoption of IoT
1.2 Rising adoption of high-speed data transfer technologies
1.3 Increasing demand for wearable electronics
1.4 Growing demand for electronic devices with improved performance and responsiveness
2. Market Restraints
2.1 Issues related with the UFS architecture
2.2 Increasing cost associated with the adoption of UFS
The Global Universal Flash Storage Market is segmented on the end user, application, configuration, capacity, and region.
1. End User:
1.2 Automotive Electronics
1.3 Digital Cameras
1.5 High-Resolution Displays
1.6 Gaming Consoles
2. By Application:
2.1 Mass Storage
2.2 Boot Storage
2.3 XiP Flash
2.4 External Card
3. By Configuration:
4. By Capacity:
4.1 32 GB
4.2 64 GB
4.3 128 GB
4.4 256 GB
4.5 512 GB
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
4. Silicon Motion
7. SK Hynix
8. GDA IP Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Universal Flash Storage Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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