SD Memory Card Market Report

With increasing advancements in technologies, smartphones are becoming more and more advanced with every update. For many people, smartphones are the focal point of the job and the source of entertainment alternatives. Following the COVID-19 pandemic, the rising use of social media necessitated the demand for high storage capacity in smartphones. As a result, recent improvements in microSD technology, such as microSD Express, have opened up a new world of possibilities for mobile devices. MicroSD memory cards are now widely used in electronics since innovations in manufacturing allow them to be compatible with the majority of devices and do not require additional programming. Their compact size and low price have resulted in rapid acceptance by enterprises and consumers.

Moreover, manufacturers are focusing on research and development in order to create unique products in order to meet customer demand. For example, in September 2022, Kioxia Corporation, a global memory solutions provider, introduced the industry's first functioning prototypes of 2 terabytes (TB) microSDXC memory cards. The essential features of the KIOXIA 2TB microSDXC UHS-I memory card working prototypes were proven in the maximum density of the microSDXC standard using its revolutionary BiCS FLASHTM 3D flash memory and an in-house created controller.

The widespread availability and interoperability of SD cards, as well as their vast storage capacity and rapid data transmission speeds, have created several options for consumers to store and exchange digital information. SD cards have become an essential tool for managing digital material, from expert photographers storing and uploading enormous files to casual users storing music and videos. Moreover, increasing technological advancements are expected to drive development in the global secure digital (SD) memory card market throughout the forecast period. In addition, the imaging technology has advanced dramatically over the years. New camera modules have advanced imaging technologies that enable users to capture photographs or movies in high-resolution formats such as UHD and FHD, which demand large storage capabilities. In addition to this, rising seasonal sales of mobile devices are anticipated to drive global secure digital (SD) memory card market development throughout the forecast period. Increasing the use of mobile devices such as smartphones and tablets, particularly during seasonal sales due to discounts given by numerous retailers is anticipated to boost the market growth for SD cards.

• Increased demand for high-capacity SD cards for 4K video storage.
• The growing popularity of microSD cards for smartphones and drones.
• Rising interest in ruggedized SD cards for outdoor and industrial use.

Major industry participants are focused on R&D to develop unique products that will complement their product offerings. They are also utilizing a number of market strategies such as product launches, mergers, partnerships, and acquisitions to boost their market position. For instance, in February 2024, Samsung announced the sampling of its 256-gigabyte (GB)1 SD Express2 microSD card with a sequential read speed of up to 800 megabytes per second (MB/s) and commenced mass production of its 1-terabyte (TB)3 UHS-1 microSD card. Earlier, in May 2022, Samsung Electronics, the world leader in innovative memory technology, unveiled the Samsung PRO Endurance microSD card. The card is specially developed to satisfy the demanding needs of security cameras, dashboard cameras, doorbell cameras, body cameras, and other types of cameras. It provides better endurance and superior performance for smooth and dependable continuous recording and playback

Again in September 2021, Samsung Electronics America, the industry leader in advanced memory technology launched a completely new memory card array, the PRO Plus and EVO Plus microSD and SD cards, built for professional and enthusiast photographers, videographers, and content producers. The new Pro Plus microSD and SD cards are optimized for professional usage, with read and write rates of up to 160 megabytes per second (MB/s) and 120 MB/s, respectively, which allows users to capture 4K ultra-high definition (UHD) and Full HD (FHD) videos with ease. Also, in April 2021, Transcend, an SD card manufacturer, announced the debut of its JetDrive 330 SD card in April 2022, which is a 1TB SD card designed specifically for the MacBook Pro 2021 model. The improvement in the MacBook Pro offering may be a powerful motivation for SD card and other storage device manufacturers to enhance their products.

With the growing popularity of cloud-based storage solutions and external hard drives, many users are abandoning SD memory cards as a storage alternative. Cloud-based storage solutions allow users to access their information from anywhere, while external hard drives offer vast storage capacity at reasonable rates. To remain competitive, both manufacturers and distributors in the SD memory card market will need to adapt to shifting storage patterns. This can involve developing new products with unique features or benefits, such as better read and write speeds or higher durability. It could also involve collaborating with other storage companies to create new storage solutions that integrate the best aspects of several technologies.

Overall, the growing availability of alternative storage technologies poses a significant challenge to the SD memory card business. This is one of the primary impediments to the expansion of the SD memory card sector. Furthermore, prices for NAND flash memory are anticipated to fall, limiting the growth of the global secure digital (SD) memory card market throughout the forecast period. The declining ASP of NAND-based flash memory products, along with strong market competition, is the primary impediment to SD memory card adoption. Such issues are anticipated to drastically reduce manufacturer profit margins.

SanDisk Corporation., Panasonic Corporation., Toshiba Corporation., Transcend Information Inc., ADATA Technologies Co. Ltd., Kingston Technology Corporation., Micron Technology, Inc., Sony Corporation., Samsung Electronics Co. Ltd., PNY Technologies, Inc. are some of the prominent market players operating in the global SD memory card market.

North America is anticipated to hold a significant share in the SD memory card market. This can be attributed to the increased investments from prominent market players in countries like the United States to develop secure digital cards for consumer electronics and IT & telecom applications. Furthermore, Europe is anticipated to experience significant growth in the market during the forecast period owing to advancements in the automotive industry. These advancements necessitate the adoption of microelectronics which creates lucrative business opportunities for the SD memory card market in countries like the UK and Germany.

Additionally, China is predicted to emerge as a prominent market for the secure digital card sector in the Asia-Pacific region, owing to new product advancements and large investments by major firms and government organizations. The Asia-Pacific well-established electronics sector of the Asia-Pacific region, together with the adoption of novel technologies, has provided organizations in the region with a competitive SD card market potential. Besides, the Middle East is also anticipated to witness substantial growth in the SD card market during the forecast period. This growth can be attributed to the increasing adoption of new technologies, digital transformation, and increasing connectivity in the region which are transforming the future of the automotive and consumer electronics industries in the Middle East.

The report provides a detailed overview of the SD memory card market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the SD memory card market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the SD memory card market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the SD memory card market. Some key countries and regions included in the SD memory card market report are as follows:

• SD memory card market detailed segments and segment-wise market breakdown
• SD memory card market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in SD memory card industry)
• Current, historical, and forthcoming 10 years market valuation in terms of SD memory card market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• SD memory card market demand analysis
• SD memory card market pricing analysis over the forecast period (by key segment and by region)
• SD memory card market regional insights with the region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the SD memory card market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the SD memory card market
• SD memory card market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on SD memory card market forecast by countries
• Mergers and acquisitions in the SD memory card market
• Essential information to enhance market position
• Robust research methodology