Micro SD Cards Market By Capacity (4GB to 16GB, 32GB to 128GB, 256GB to 1TB, Above 1TB) , By Application (Smartphones, Tablets, PC, Digital Cameras, Gaming Consoles, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2032
Micro SD Cards Market
The micro SD cards market was valued at $8.8 billion in 2023 and is projected to reach $16.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032.
Micro SD card is the smallest size of customer-focused flash memory card used for the storage of data. Owing to their miniature size and large storage capacity, SD cards are compatible with diverse electronics, including smartphones, tablets, drones, digital cameras, and gaming consoles. The cards use NAND flash memory chips and small-scale processors, which enable efficient management of data flow, hence ensuring the card is able to read and write data speedily. While all the SD cards perform the same function, they are differentiated by security features, device compatibility, speed class, and storage capacity.
Rapid surge in the adoption of consumer electronics, including cameras, drones, laptops, smartphones is a major driver of the micro SD cards market. In addition, micro SD cards are witnessing a rapid demand among the Internet of Things (IoT) devices such as wearable technology, smart home devices, and connected vehicles, hence contributing to the growth of the market. In current times, the optimization of SD cards specifically according to the applications is an emerging trend. Applications such as gaming consoles, 4K & 8K video recording, and drones require tailored SD cards for their accurate functioning, sustained write speeds, and reliability.
However, advancements and extension of the built-in storage capacity of devices is presenting a stringent competition to the micro SD cards market. In addition, the card is subject to various security concerns as it is easily removable and accessible, enhancing the vulnerability of sensitive information. On the contrary, rise in the trend of content creation is presenting new avenues for the micro SD cards market. This is encouraging the card manufacturers to develop SD cards which specifically cater to the requirements of content creators. For instance, Samsung recently launched a series of SD cards with the ability to withstand extreme conditions. These cards exhibit exceptional resistance toward temperature, water, X-ray, and magnetism, elevating their popularity among travelers, outdoor enthusiasts, and action sports videographers.
Segment ReviewThe micro SD cards market is segmented into capacity, application, and region. On the basis of capacity, the market is segmented into 4GB to 16GB, 32GB to 128GB, 256GB to 1TB, and above 1TB. Depending on application, it is classified into smartphones, tablets, PC, digital cameras, gaming consoles, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of capacity, the 32GB to 128GB segment dominated the micro SD card market in 2023.
Depending on application, the smartphones segment was the highest shareholder in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition AnalysisThe leading players of the global micro SD cards market include SanDisk Corporation., Samsung Electronics, Kingston Technology, Micron Technology, Transcend Information, Lexar, PNY Technologies Inc., Toshiba Corp, Patriot Memory LLC, Integral Memory Plc, silicon power, and ADATA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy Capacity4GB to 16GB
32GB to 128GB
256GB to 1TB
Above 1TB
By ApplicationSmartphones
Tablets
PC
Digital Cameras
Gaming Consoles
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
SanDisk Corporation.
Samsung Electronics
Kingston Technology
Micron Technology
Transcend Information
Lexar
PNY Technologies Inc.
Toshiba Corp
Patriot Memory LLC
Integral Memory Plc
silicon power
ADATA