Global NAND Flash Memory Market Growth 2025-2031

Global NAND Flash Memory Market Growth 2025-2031

The global NAND Flash Memory market size is predicted to grow from US$ 67910 million in 2025 to US$ 129870 million in 2031; it is expected to grow at a CAGR of 11.4% from 2025 to 2031.

NAND flash architecture was introduced by Toshiba in 1989. These memories are accessed much like block devices, such as hard disks. Each block consists of a number of pages. The pages are typically 512 or 2,048 or 4,096 bytes in size. Associated with each page are a few bytes (typically 1/32 of the data size) that can be used for storage of an error correcting code (ECC) checksum.

Samsung dominated the market in 2019, with a market share of 32.9%, followed by Kioxia and WDC, which was 18.5% and 14.4% respectively. Market concentration rate of Top 5 is 90%.

Four main manufacturing markets for NAND Flash Memory are South Korea, Japan, China and United States. These four areas share similar growth rate, which is 11% during the forecasting 5 years. South Korea takes up the largest market, which was 34.2% in 2019. Japan ranks the second, producing 33% of the global NAND.

In 2019, the biggest yield was TLC NAND (60%), while QLC NAND is expected to grow at the highest rate of all types of NANDs.

The main application of NAND Flash Memory is Smartphone (35%), following up by SSD (30%) and PC (12%).

LP Information, Inc. (LPI) ' newest research report, the “NAND Flash Memory Industry Forecast” looks at past sales and reviews total world NAND Flash Memory sales in 2024, providing a comprehensive analysis by region and market sector of projected NAND Flash Memory sales for 2025 through 2031. With NAND Flash Memory sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world NAND Flash Memory industry.

This Insight Report provides a comprehensive analysis of the global NAND Flash Memory landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on NAND Flash Memory portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global NAND Flash Memory market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NAND Flash Memory and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global NAND Flash Memory.

This report presents a comprehensive overview, market shares, and growth opportunities of NAND Flash Memory market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
TLC NAND
MLC NAND
SLC NAND
QLC NAND

Segmentation by Application:
PC
SSD
Consumer Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Samsung
Kioxia
WDC
Micron
SK Hynix
Intel

Key Questions Addressed in this Report

What is the 10-year outlook for the global NAND Flash Memory market?

What factors are driving NAND Flash Memory market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do NAND Flash Memory market opportunities vary by end market size?

How does NAND Flash Memory break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.