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The Asia Pacific Universal Flash Storage Market would witness market growth of 20.5% CAGR during the forecast period (2017 - 2023). Growing demand for electronic devices which have superior performance and improved responsiveness, demand for wearable electronics, and rapid adoption of high-speed data transfer technologies have been the factors driving the growth of the universal flash storage market. Universal flash storage would change the automotive electronics landscape.
As an example, on September 14, 2017, Samsung a leading market player had announced an establishment of Samsung Automotive Innovation Fund, which would be exclusively focused on the automotive market. This fund is worth USD 300 million and would be utilized for securing connected car technologies and autonomous driving. It would be further used in connectivity solutions, security, artificial intelligence, smart sensors, high-performance computing, and machine vision.
Based on Capacity, the market report segments the market into 32 & 64 GB, 128 GB, 256 GB, and Others. Based on Configuration, the market report segments the market into Removable and Embedded. Based on Vertical, the market report segments the market into Smartphones, Laptops, Digital Cameras, Gaming Consoles & High-Resolution Displays, Automotive Electronics, and Others. Based on Countries, the Universal Flash Storage market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the competition analysis of key stakeholders of the Universal Flash Storage Market. Key companies profiled in the report include Samsung Electronics Co., Ltd., Toshiba Corporation, SK Group (SK Hynix, Inc.), Micron Technology, Inc., Phison Electronics Corporation, Inc., Silicon Motion Technology Corporation, Synopsys, Inc., Cadence Design Systems, Inc., LTI (GDA Technologies Inc.), and Arasan Chip Systems Inc.