According to a new report, published by KBV research, The Global Universal Flash Storage Market size is expected to reach $11.2 billion by 2030, rising at a market growth of 14.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,46,315.0 thousand units, experiencing a growth of 18.5% (2019-2022).
The 32 & 64 GB segment is registering a CAGR of 13.8% during (2023 - 2030). The availability of 32GB & 64GB UFS solutions caters to the growing demand for greater storage space, especially in smartphones, tablets, and other portable devices where users store large amounts of data, including high-resolution photos, videos, and applications. The trend toward higher-quality content, including 4K video recording and high-resolution images, requires larger storage capacities. 32GB & 64GB UFS solutions are well-suited to handle the storage demands associated with capturing and storing high-quality multimedia content, allowing users to create and consume rich media on their devices.
The Smartphones segment is leading the Global Universal Flash Storage Market, by End-use in 2022; thereby, achieving a market value of $3.4 Billion by 2030. Smartphones are increasingly used for multimedia consumption and content creation. The ability of UFS to handle large multimedia files, such as high-quality photos and videos, supports users engaged in photography, videography, and content creation on their smartphones. The rollout of 5G networks has accelerated the demand for high-performance storage solutions. UFS technology supports the data transfer speeds required for 5G-enabled smartphones, ensuring seamless connectivity and a responsive user experience in high-speed mobile networks.
The Removable segment is experiencing a CAGR of 13.9% during (2023 - 2030). Removable storage allows users to customize their device's storage according to their specific requirements. Users can choose the amount of additional storage they need, offering a personalized approach to device configuration. Removable storage helps users avoid concerns about running out of internal storage space. This is especially relevant for users who frequently download apps, capture high-resolution photos, or record videos, as they can simply expand storage when needed.
The Asia Pacific region dominated the Global Universal Flash Storage Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.2 Billion by 2030. The Europe region is anticipated to witness a CAGR of 14% during (2023 - 2030). Additionally, The North America region poised to grow a CAGR of 13.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/universal-flash-storage-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co., Ltd. (Samsung Group), Toshiba Corporation, SK Group (SK Hynix, Inc.), Micron Technology, Inc., Phison Electronics Corporation, Silicon Motion Technology Corporation, Synopsys, Inc., Cadence Design Systems, Inc., Arasan Chip Systems Inc. and LTIMindtree Limited (GDA Technologies, Inc.).
By Capacity (Volume, Thousand Unit, USD Billion, 2019-30)
By End-user (Volume, Thousand Unit, USD Billion, 2019-30)
By Configuration (Volume, Thousand Unit, USD Billion, 2019-30)
By Geography (Volume, Thousand Unit, USD Billion, 2019-30)
Companies Profiled
Unique Offerings 
