Universal Flash Storage - Global Market Trajectory & Analytics

Global Universal Flash Storage Market to Reach $6.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Universal Flash Storage estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2027, growing at a CAGR of 17.9% over the period 2020-2027. Embedded, one of the segments analyzed in the report, is projected to record 15.8% CAGR and reach US$2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Removable segment is readjusted to a revised 19% CAGR for the next 7-year period.



The U.S. Market is Estimated at $585.5 Million, While China is Forecast to Grow at 17.4% CAGR

The Universal Flash Storage market in the U.S. is estimated at US$585.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 17.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.8% and 15.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.

Select Competitors (Total 47 Featured):

• Arasan Chip Systems Inc.
• Cadence Design Systems, Inc.
• Micron Technology, Inc.
• Phison Electronics Corporation
• Samsung Electronics Co., Ltd.
• Silicon Motion Technology Corporation
• SK Hynix, Inc.
• Synopsys, Inc.
• Toshiba Corporation
• Tuxera Inc.