Secure digital or SD is a type of non-volatile card, which is extensively used in electronic devices such as mobile phones, tablets, digital cameras, handheld devices, and others. The compact size and simple use of these high-performing memory cards are the key factors driving their demand around the world.
Due to their intrinsic benefits, secure digital memory cards are preferred over other kind of flash storage technologies available in the market. While imaging applications of SD memory cards Market have reached maturity, since it is already used in numerous devices, the application of SD memory cards in mobile phones holds immense growth potential during the forthcoming years. Increasing demand for better storage in mobile phones is expected to boost the secure digital memory card market. According to a report published by Persistence Market Research, the global market for secure digital memory cards is likely to exhibit a moderate 1.5% CAGR between 2015 and 2022.
Advances in Imaging Technologies to Boost Sales of SD Memory Cards
The global secure digital memory card market is anticipated to develop at a single-digit CAGR, and the market owes much of it to the latest advancements introduced in imaging technologies. Apart from this, spurt in the sale of mobile phones and easy accessibility of rich multimedia content will also fuel the demand from the global secure digital memory card market. Other factors driving the market include escalating transfer and write speeds, launch of wireless technologies, demand for enhanced storage capacity, and the transition to 3D NAND technology.
Micro SD Cards Lead the Global SD Memory Card Market
Based on card type, the global SD memory card market can be segmented into mini SD card, micro SD card, and SD card. Of these, the segment of micro SD cards dominated the global secure digital memory card market in 2014, accounting for over 90% of the market. The segment, according to recent market studies, is expected to remain the undisputed market leader in the near future.
Mobile Phones Lead Demand from Market Based on Application
Among the key application segments, mobile phones dominated the global SD memory card market, with over 68.5% market share in 2014. The mobile phones segment is anticipated to register the fastest growth between 2015 and 2022 and continue its dominance in the market through the period. By 2022, the segment is likely to hold 71.6% of the global SD memory card market. In terms of revenue, the tablets segment held 5.2% of the market in 2014; the share of the tablets segment is expected to grow to 11.6% by the end of 2022. The tablet segment will therefore register a double-digit CAGR of 10.9% during the period.
512GB and Above Segment to Lead Global SD Memory Card Market based on Storage Capacity
In terms of storage capacity, the global SD memory card market is expected to be led by the 512GB and above segment, followed by 256GB SD memory cards. The revenue contribution of the 32GB segment accounted for 15.5% of the market in 2014, and it is projected to grow to 22.0% by the end of 2022. If the figures hold true, the segment will register a 5.4% CAGR during the 2015-2022 period.
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