Secure Digital Card Global Market Report 2024

The secure digital card market has grown strongly in recent years. It will grow from $9.19 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historic period can be attributed to various factors, including the expansion of the automotive industry, increased demand in manufacturing and industrial applications, the proliferation of consumer electronics, advancements in renewable energy projects, and the needs of the packaging industry. These diverse sectors collectively contributed to the overall growth during the historical period.

The secure digital card market is expected to see strong growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to various factors, including increased infrastructure investment, advancements in lightweight materials, the adoption of smart building solutions, expanded applications in defense and military sectors, and a growing emphasis on sustainable practices. Major trends expected in the forecast period encompass the integration of digitalization and Industry 4.0 principles, the use of advanced materials and alloys, a focus on customization and prototyping, the implementation of smart manufacturing and robotics, the utilization of 3D printing in sheet metal fabrication, and the application of digital twin technology. These trends collectively contribute to the overall growth and evolution of the relevant industries.

The anticipated growth in the secure digital card market is expected to be propelled by an increase in the use of digital devices. Digital devices, encompassing electronic devices capable of receiving, processing, and transmitting digital information, include laptops, smartphones, and tablets. To expand their storage capacity and accommodate a greater volume of digital data such as photos, videos, music, and documents, users of digital devices often rely on secure digital cards. The rising usage of mobile phones, as highlighted by a Pew Research Center report in April 2021, indicates a significant market demand. In the U.S., 53% of adults own a desktop or laptop computer, and the Cisco Annual Internet Report (2018-2023) projects an increase in the number of connected devices per person to 13.6 by 2023, up from 6.58 in 2018. This surge in digital device usage is a key driver for the growth of the secure digital card market.

The growing adoption of digital payment and financial transactions is poised to contribute to the expansion of the secure digital card market. Digital payments and financial transactions involve the electronic transfer of funds and the exchange of financial value using digital channels and technologies. Secure digital cards play a crucial role in enhancing the safety and privacy of electronic transactions, ensuring the confidentiality and integrity of sensitive financial information. In 2022, according to the Federal Reserve System, noncash payments continued to rise, reaching 204.5 billion in 2021. This trend underscores the increasing reliance on digital payment methods, further driving the growth of the secure digital card market.

Advancements in technologies emerge as a key trend gaining popularity in the secure digital card market, with major players focusing on innovative technologies such as the Internet of Things (IoT), 3-D technologies, and 3D TLC NAND technology. An example is Exascend Inc., a Taiwan-based manufacturer of custom flash storage solutions, which launched the SD300 series industrial-grade SD and microSD cards in April 2023. These cards feature 176-layer 3D TLC NAND technology, making them suitable for edge IoT applications such as gateways, industrial drones, factory robots, surveillance cameras, and infotainment systems. Designed to withstand harsh industrial conditions, these cards have a temperature range of -40°C to 85°C and advanced error correction capabilities.

Major companies in the secure digital card market are also leveraging collaboration and partnerships to strengthen their market positions. Strategic partnerships involve companies combining strengths and resources for mutual benefits. In September 2022, Western Digital Corporation, a US-based data storage enterprise, collaborated with Epic Games Inc., a US-based video game and software developer, to deliver the first Fortnite SanDisk microSDXC card for Nintendo Switch with official licensing. This collaboration aims to launch an officially licensed SanDisk microSDXC card designed to provide players with consistent and reliable storage while playing Fortnite on the Nintendo Switch.

In December 2021, SK Hynix, a South Korea-based semiconductor manufacturer, acquired the Intel NAND memory business for $9 billion. This strategic acquisition positions SK Hynix to manufacture storage products, including enterprise SSDs, and aims to establish the company as a leading global technology player by leveraging the combined business portfolio. The acquired NAND business from Intel, a China-based manufacturer of NAND flash memory chips, adds to SK Hynix's capabilities in providing storage solutions for smartphones and data center servers.

Major companies operating in the secure digital card market report are Western Digital Corporation, ADATA Technology Co. Ltd., Kingston Technology Company Inc., Micron Technology Inc., Panasonic Holdings Corporation, PNY Technologies, Samsung Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Transcend Information Inc., SanDisk Corporation, Laxer Corporation, Verbatim Australia Pty. Ltd., Patriot Memory LLC, Silicon Power Computer And Communications Inc., 3A Composites, Delkin Devices Inc., Eye-Fi Inc., Fujifilm Corporation, Team Group Inc., Viking Technology, Wintec Industries Inc., Apacer Technology Inc., Cactus Technologies, Duracell Inc., Edge Tech Corp., G.Skill International Enterprise Co. Ltd., Hama GmbH & Co. KG, Kanguru Solutions, Lexar Media Inc.

North America was the largest region in the secure digital card market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global secure digital card market during forecast period. The regions covered in the secure digital card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the secure digital card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of Secure Digital Cards include the micro SD card, SD card, and mini SD card. The micro SD card is a miniature flash memory card commonly employed in various devices such as digital cameras, smartphones, car navigation systems, and e-books. Despite their tiny size, micro SD cards offer substantial storage capacities, reaching up to 512 gigabytes, making them ideal for storing digital data in portable electronic devices. Secure Digital Cards are available in various storage capacities, including 2 GB, 4 GB, 8 GB, 16 GB, and more, catering to the diverse storage needs of devices such as digital cameras, tablets, mobile phones, and other electronic devices.

The secure digital card market research report provides secure digital card market statistics, including secure digital card industry global market size, regional shares, competitors with a secure digital card market share, detailed secure digital card market segments, market trends and opportunities, and any further data you may need to thrive in the secure digital card industry. This secure digital card market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The secure digital card market consists of sales of secure digital high capacity, secure digital extended capacity, and secure digital ultra capacity. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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