Secure Digital (SD) memory card is finding large application in portable devices. Advancement in the NAND technology is likely to drive the application of SD memory card. Moreover, increasing use of mobile phones worldwide is also contributing to the growth of micro SD card. Companies are adding innovative features to the SD cards in order to attract customers and increase sales. Features such as free software, memory-expansion option, and waterproof SD cards with a capability to withstand extreme climatic conditions are being introduced in the global market for SD memory card. Data recovery software is being provided on a large scale by manufacturers.
Companies are launching fastest and largest capacity SD memory cards to stay competitive in the global SD memory card market. Moreover, in order to meet the growing demand of Gigabyte wireless communication, 8K video, and 360-degree camera, SD Association in 2017 introduced a UHS-III bus interface to double the transfer rate, with a speed of 624MB per second. This presents an opportunity for new and high anticipated video and imaging features.
As per the latest report by Persistence Market Research (PMR), the global SD memory card market is likely to see a slow growth between 2017 and 2022. By 2022 end, the global market for SD memory card is projected to bring in US$ 8,952.9 Million in terms of revenue.
SD Memory Cards to be Used on a Large Scale in Mobile Phones
Global sales of smartphones are increasing with the introduction of new brands with enhanced features. Hence, this is driving the demand for SD memory cards to be used in mobile phones. Increasing use of various applications is also resulting in the growth of the global SD memory card market. Companies are launching memory cards that can be used for a prolonged time in extreme temperatures. Companies are also introducing new SD memory cards that work for specific devices such as Android-based devices and iOS based devices with unique features.
Promising Future of Micro SD Card in the Global Market for SD Memory Card
Various factors are contributing to the growth of micro SD memory card such as ease of use, high performance, and economical for storing lots of data in mobile phones. Rising popularity of gaming presents a huge opportunity for the micro SD card manufacturers. As people are buying SD cards for storing their games. Meanwhile, SD cards are also being used on a large scale in security and defense in order to store footage by a surveillance camera. Nowadays, micro SD cards are also used in PC with the help of card reader. Most of the desktops and laptops are integrated with a card reader, thereby, driving the demand for micro SD cards.
Rise of IoT to Increase the Application of SD Memory Card in Various Devices
The growing use of Internet of Things (IoT) technologies is boosting the global market for SD memory card. Connected devices require more storage space to manage a large amount of data. Hence, SD memory cards can play an important role in IoT devices. For instance, connected vehicles produce a large amount of data, reliable storage solutions are witnessing increasing demand for use in smart vehicles. Moreover, various applications in the automotive industry such as mapping system, GPS, and other tools require some type of SD card.
The global Secure Digital (SD) memory card market report by Persistence Market Research offers an in-depth analysis of the market for the forecast period 2017-2022. The forecast period considered for the report is 2017-2022, whereas 2016 is considered as the base year for all market volume and value calculations. This report provides key market insights, latest trends, market drivers and key market opportunities that are likely to benefit the manufacturers in the global market for SD memory cards in the coming years.
In market drivers section, the report focuses on all the key factors that will contribute towards the growth of the global market. The report also examines important factors that are likely to emerge as challenges in the global market for SD memory card. Moreover, this report also sheds the light on the latest trends and market opportunities as the value-added feature.
The report has divided the market into various segments and regions for better understanding. In the segment-wise analysis, the report focuses on key segments of the market on the basis of storage capacity, card type, and application. The report provides a detailed analysis of all the key segments and their sub-segments along with estimated value and volume during the forecast period.
The report also provides region-wise analysis on the global SD memory card market. The market is segmented on the basis of the region including Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa (MEA). The historical, current and estimated value and volume are provided on all the regions and key countries in the regions. This section helps to understand penetration of the market in various regions and identify growth opportunities.
The global SD memory card market report also focuses on the leading companies in the market and provides a detailed profile of each company. Market share, company and financial overview, product portfolio, key developments are provided in the report.
To report has been developed on the basis of primary and secondary research. Interviews with market experts, financial and annual reports_bk_01_01_2020 were taken into account as a part of the secondary and primary research. Furthermore, quantitative and qualitative inputs from experts were considered and crosschecked to arrive at appropriate market numbers. The forecast offered in the report includes expected revenue contribution in the global SD memory cards market.
The report starts with an executive summary that presents global market size in terms of value and volume. This helps in identifying how the market is expected to perform in the coming years. The data gathered is triangulated based on supply side and demand side drivers and market dynamics of the global market for SD memory cards. To factor analysis was also conducted by PMR to understand various factors affecting the growth of the market. The report offers forecasts not only in terms of CAGR but also on key parameters including year-on-year growth to understand the overall market and identify the right growth opportunities.
The report also presents an analysis of the global SD memory card market and the revenue forecast in terms of absolute dollar opportunity. As absolute dollar opportunity is an important factor in identifying the opportunities for manufacturers, and also to identify vital resources from a sales perspective in the global SD memory card market. A market attractiveness analysis has also been provided along with SWOT analysis and Porters five force analysis for better understanding of the global market for SD memory card.