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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Secure Digital (SD) is a proprietary non-volatile memory card format, which is developed by the SD Card Association for the use of portable devices. SD memory card is typically used in various electronic devices such as tablets, smartphones, digital cameras, and other handheld devices. Rising advancements in NAND technology has increased the adoption of SD memory cards. Many companies are incorporating novel features to the SD cards, in order to attract customers and increase sales. These companies are adding innovative features such as memory-expansion options, free software, and waterproof SD cards.

The global secure digital (SD) memory card market is estimated to be valued at US$ 8973.8 million in 2021 and is expected to exhibit a CAGR of 0.9% over the forecast period (2021-2028).

Recent Developments:

In September 2021, Samsung has launched new EVO Plus and PRO Plus memory card families that are specially designed for professionals and content creators, videographers and content creators.

In April 2020, Kingston Digital Inc, has launched KC2500 its next generation M.2 NVMe PCIe SSD. That are specially designed for desktop, work stations, and high performance computing devices. 

In March 2020, Kingston Digital Inc, has launched DC1000M, a new U.2 data center NVMe PCIe SSD. This card is designed to support wide range data intensive applications such as artificial intelligence, HPC, cloud computing.

Statistics:

Figure 1. Global Secure Digital (SD) Memory Card Market Value (US$ Bn), by Region, 2020

Secure Digital (SD) Memory Card  | Coherent Market Insights

Asia Pacific held dominant position in the global Secure Digital (SD) Memory Card market in 2020, accounting for 41.3% share in terms of Value, followed by Europe and North America, respectively.

Market Dynamics- Drivers

Growing technological advancements are expected to drive growth of the global secure digital (SD) memory card market during the forecast period. Imaging technology has enhanced over the years significantly. New camera modules are equipped with advanced imaging technologies that allow users to capture images or videos in high-resolution formats such as UHD and FHD, which requires high storage capacities. For instance, in 2014, Panasonic Corporation launched a UHD digital camcorder that can record videos in 4K, 2K, and other HD formats.

Rising seasonal sales of mobile devices are expected to propel the global secure digital (SD) memory card market growth over the forecast period. Increasing the adoption of mobile devices such as smartphones and tablets, especially during seasonal sales due to discounts offered by various manufacturers is expected to drive demand for SD memory cards.

Market Opportunities

Growing adoption of wearable devices can present lucrative growth opportunities. Increasing adoption of smart wearable devices such as smartwatches and the head-mounted displays is boosting the demand for secure digital memory cards. For instance, in 2014, iBerry launched Auxus RIST Smartwatch, its first smartwatch, which includes an expandable memory card slot Market players can capitalize on these opportunities and gain a competitive edge in the market.

Increasing demand for action cameras can provide major business opportunities. Extreme sports are becoming popular among youth across the globe. This, in turn, is expected to increase adoption of action cameras to capture these adventures. For instance, in 2015, GoPro launched GoPro Hero 4, a small-sized action camera, which includes an expandable micro SD card slot that supports up to 64GB capacity.

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Secure Digital (SD) Memory Card Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 8973.8 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 0.9% 2028 Value Projection: US$ 9409.2 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, Rest of Middle East, and Africa
Segments covered:
  • By Application: Mobile Phones SD Card, Digital Cameras SD Card, Tablet's SD Card, Game Devices SD Card, Other SD cards
  • By Card Type: Micro SD Card, Mini SD Card, SD Card
  • By Capacity: 16GB SD Memory Card, 32GB SD Memory Card, 256 GB SD  Memory Card, 512GB & Above SD
Companies covered:

PNY Technologies, Inc., SanDisk Corporation, Toshiba Corporation, Transcend Information Inc., Samsung Electronics Co. Ltd., ADATA Technologies Co. Ltd., Sony Corporation, Panasonic Corporation, Micron Technology, Inc., and Kingston Technology Corporation.

Growth Drivers:
  • Growing technological advancements
  • Rising seasonal sales of mobile devices
Restraints & Challenges:
  • High selling price of new products
  • Declining prices of NAND flash memory

Market Trends

Major manufacturers in the market are laying emphasis on embedding wireless technologies such as NFC and Wi-Fi in SD memory cards, in order to expand their functionality. For instance, in 2015, Toshiba launched the world’s first SDHC memory card with built-in Near Field Communication (NFC) functionality that enables users to preview card content and get information about spare storage capacity by tapping it on an NFC-enabled smartphone.

SD card manufacturers are focused on introducing SD memory cards with extended life spans and that can sustain extreme temperatures. These are primarily used in certain industrial and automotive applications such as in-dash entertainment systems and dashboard cameras. For instance, in 2015, Panasonic launched an SD memory card that can operate at temperatures between -40 ?C and +85 ?C for industrial applications such as POS terminal, set-top boxes, and surveillance systems.

Figure 2. Global Secure Digital (SD) Memory Card Market Share, By Revenue Model, 2020

Secure Digital (SD) Memory Card  | Coherent Market Insights

Key Takeaways of the Graph:

  • The 32 GB SD card held dominant position in the market and accounted for 31.4% share in the global secure digital (SD) memory card market in 2020. The segment is expected to reach US$ 2954.5 million in 2028, owing to the increasing sales of mobile phones across the globe.

Market Dynamics- Restraints

High selling price of new products is expected to restrain growth of the global secure digital (SD) memory card market during the forecast period. SD card manufacturers invest significantly in research and development activities, in order to introduce novel products in the market. These new products are more expensive as compared to existing ones, which in turn, is expected to restrain growth of the global secure digital (SD) memory market during the forecast period. For instance, in 2014, SanDisk launched the world’s first 512GB SD memory card with a hefty price tag of US$ 799.

Declining prices of NAND flash memory is expected to hamper the global secure digital (SD) memory card market growth over the forecast period. Declining ASP of NAND-based flash memory products and intense competition in the market is the major factor hindering adoption of SD memory cards. Such factors are expected to hinder profit margins of manufacturers significantly. For instance, Micron’s ASP per NAND Flash GB declined significantly from US$ 12.4 in 2006 to US$ 0.60 in 2014.

Competitive Section

Key players operating in the global secure digital (SD) memory card market are PNY Technologies, Inc., SanDisk Corporation, Toshiba Corporation, Transcend Information Inc., Samsung Electronics Co. Ltd., ADATA Technologies Co. Ltd., Sony Corporation, Panasonic Corporation, Micron Technology, Inc., and Kingston Technology Corporation.

Key Developments

  1. Key players in the market are focused on product launches, in order to expand product portfolio. For instance, in February 2019, PNY Technologies, Inc. introduced a new range of memory cards with size ranging from 16GB to 512GB.
  2. Major companies in the market are involved in product development, in order to gain a competitive edge in the market. For instance, in February 2019, SanDisk Corporation introduced the world’s fastest 1TB UHS-I micro SD flash memory card.

SD memory card is an open standard (ansepressive system), mainly used in digital cameras, mp3, video cameras, computer vision, electronic photo devices, e-book, dashcams, etc. The SD memory card is also known as the micro SD card, mini SD card, or the small size SD card. This is one small, but great storage device for pictures and movies. The memory card has a circuit that works like the computer's USB port or the camera's camera port. The memory cards come in different sizes and data capacities. For the purpose of the information, it will be using the smallest size SD memory cards.

Market Dynamics

Growing sales of smartphones are expected to boost the global secure digital (SD) memory card market growth over the forecast period. As per the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019. This, in turn, has increased the demand for SD cards across the region.

Furthermore, the launch of the fastest and largest capacity SD memory cards by companies is expected to accelerate growth of the global secure digital (SD) memory card market in the near future.

Key features of the study:

  • This report provides in-depth analysis of the secure digital (SD) memory card market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global secure digital (SD) memory card market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include PNY Technologies, Inc., SanDisk Corporation, Toshiba Corporation, Transcend Information Inc., Samsung Electronics Co. Ltd., ADATA Technologies Co. Ltd., Sony Corporation, Panasonic Corporation, Micron Technology, Inc., and Kingston Technology Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global secure digital (SD) memory card market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global secure digital (SD) memory card market

Detailed Segmentation:

  • Global Secure Digital (SD) Memory Card Market, By Application
    • Mobile Phones SD Card
    • Digital Cameras SD Card
    • Tablet's SD Card
    • Game Devices SD Card
    • Other SD cards
  • Global Secure Digital (SD) Memory Card Market, By Card Type
    • Micro SD Card
    • Mini SD Card
    • SD Card
  • Global Secure Digital (SD) Memory Card Market, By Capacity
    • 16GB SD Memory Card
    • 32GB SD Memory Card Market
    • 256 GB SD Memory Card Market
    • 512GB & Above SD

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Card Type
      • Market Snippet, By Capacity
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Secure Digital Memory Card Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Mobile Phones SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Text Digital Cameras SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Tablet's SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Game Devices SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Other
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Secure Digital Memory Card Market, By Card Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Micro SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Mini SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • SD Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Secure Digital Memory Card Market, By Capacity, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • 16GB SD Memory Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 32GB SD Memory Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 256 GB SD Memory Card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 512GB & Above SD
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Secure Digital Memory Card Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Card Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Card Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of LATAM
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Card Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Germany
        • France
        • U.K.
        • Spain
        • Italy
        • NORDIAC
        • Benelux
        • Rest of WE
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Card Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Russia
        • Poland 
        • Rest of EE
    • Middle east and Africa
      • Regional Trends
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Card Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • ASEAN
        • ANZ
        • Rest of APAC
        • Japan
  8. Competitive Landscape
    • Company Profiles
      • PNY Technologies, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SanDisk Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Toshiba Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Transcend Information Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Samsung Electronics Co. Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ADATA Technologies Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic Corporation.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Micron Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kingston Technology Corporation.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse Secure Digital Memory Card market data tables and XX figures on “Global Secure Digital Memory Card Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

Asia Pacific held dominant position in the global secure digital (SD) memory card market in 2020, accounting for 41.3% share in terms of value.
Increasing demand for durable memory cards is a key trend in the market.
Growing technological advancements are expected to drive growth of the market during the forecast period.
High selling price of new products is expected to restrain growth of the market during the forecast period.
In 2020, 32 GB SD memory card accounted for the largest share of 31.4% in the market and is expected to be valued at US$ 2954.5 million by 2028.
Key players operating in the market are PNY Technologies, Inc., SanDisk Corporation, Toshiba Corporation, Transcend Information Inc., Samsung Electronics Co. Ltd., ADATA Technologies Co. Ltd., Sony Corporation, Panasonic Corporation, Micron Technology, Inc., and Kingston Technology Corporation.
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