SLC NAND flash memory market in the Asia Pacific is expected to grow from US$ 432.9 Mn in 2019 to US$ 780.7 Mn by the year 2027 with a CAGR of 6.2% from the year 2020 to 2027.
The Asia Pacific SLC NAND Flash Memory market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
SLC NAND flash memory market in the Asia Pacific is expected to grow from US$ 432.9 Mn in 2019 to US$ 780.7 Mn by the year 2027 with a CAGR of 6.2% from the year 2020 to 2027.
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China dominated the SLC NAND flash memory market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. China is the major market for many of the industry verticals for its manufacturing plants. The country’s automotive sector is the world’s largest sector, in which 50% of the worlds automotive are produced in China. Also, the Chinese government is investing significant amounts towards the development of Electric Vehicles.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for SLC NAND Flash Memory assays in the market.
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ASIA PACIFIC SLC NAND FLASH MEMORY MARKET SEGMENTATION
By Type
By Application
By Density
By Country
SLC NAND flash memory Market - Companies Mentioned
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