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The North America 3D NAND Flash Memory Market size is poised to grow at 29.7% CAGR during the forecast period (2016 - 2022).
The NAND flash memory chips are introduced to reduce cost per bit without compromising on the performance and reliability of the memory chips. The implementation of 3D NAND flash memory technology has allowed reaching the desired output that is greater performance and higher reliability. The growing adoption of smartphones and tablets has significantly driven the growth of the consumer electronics market, as a result growing to be major contributors for the 3D NAND flash memory market in terms of revenue. New applications such as virtual reality, streaming videos, internet usage, and the surging trend of Internet of Things (IoT) has significantly contributed to the demand for better storage devices. To deal with demand for superior memory devices, 3D NAND flash memory technology has been introduced by major market players.
The 3D NAND flash memory chip not only offers greater capacity but also improves product performance. Therefore, the utilization of 3D NAND technology for consumer electronics majorly drives the 3D NAND flash memory market during the forecast period. Based on the product type, the 3D NAND Flash Memory market is segmented into Cameras, Smartphone & Tablets, Laptop & PC's and others. The Applications highlighted in this report include Consumer Electronics, Enterprise, Automotive, Healthcare & Life Sciences and Others. Based on Country, North America 3D NAND Flash Memory market is segmented into US, Canada, Mexico and Rest of North America. US remained the dominant Country in the North America 3D NAND Flash Memory market in 2015. Canada and Mexico would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the 3D NAND Flash Memory market. Key companies profiled in the report include Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation, Sony Corporation, Lenovo Group Ltd., Micron Technology, Inc., SanDisk Corp. and SK Hynix Inc.