The NAND flash memory market is expected to register a CAGR of 11.27%, during the forecast period (2020 – 2025)

New York, May 13, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “NAND Flash Memory Market – Growth, Trends, Forecasts (2020 – 2025)” – https://www.reportlinker.com/p05893142/?utm_source=GNW
This is expected to drive the demand for NAND flash packaging, thus influencing the demand for memory packaging.
– According to the Micron, in 2017, the average smartphone contained 43 GB of NAND flash storage, and it is expected to grow substantially over the next four years. By the year 2021, the company estimates that the average phone will have 142 GB of NAND flash storage, with flagship devices having one terabyte of flash storage.
– Other consumer products such as tablets and cameras, along with industrial equipment and sensors, automotive systems and medical devices rely upon flash memory, which are integrated alongside their processors, that stores both data and the code they execute. As demand for massive data processing for artificial intelligence and machine learning applications grows, the trend for flash-based storage will continue to evolve.
– Production of China-based NAND flash vendors were not severely affected by the outbreak of novel COVID-19. This is because the plants are highly automated have relatively low demands for manpower and operators also stocked up with raw materials before the Chinese Lunar New Year. Foundry output were delivered to customers in China because semiconductor fabrication plants hold national special licenses. These allow them to ship their products throughout domestic China, even with cities under quarantine.Clare: clare@reportlinker.com
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