The micro SD cards market was valued at $8.8 billion in 2023 and is projected to reach $16.2 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032.
Micro SD card is the smallest size of customer-focused flash memory card used for the storage of data. Owing to their miniature size and large storage capacity, SD cards are compatible with diverse electronics, including smartphones, tablets, drones, digital cameras, and gaming consoles. The cards use NAND flash memory chips and small-scale processors, which enable efficient management of data flow, hence ensuring the card is able to read and write data speedily. While all the SD cards perform the same function, they are differentiated by security features, device compatibility, speed class, and storage capacity.
Rapid surge in the adoption of consumer electronics, including cameras, drones, laptops, smartphones is a major driver of the micro SD cards market. In addition, micro SD cards are witnessing a rapid demand among the Internet of Things (IoT) devices such as wearable technology, smart home devices, and connected vehicles, hence contributing to the growth of the market. In current times, the optimization of SD cards specifically according to the applications is an emerging trend. Applications such as gaming consoles, 4K & 8K video recording, and drones require tailored SD cards for their accurate functioning, sustained write speeds, and reliability.
However, advancements and extension of the built-in storage capacity of devices is presenting a stringent competition to the micro SD cards market. In addition, the card is subject to various security concerns as it is easily removable and accessible, enhancing the vulnerability of sensitive information. On the contrary, rise in the trend of content creation is presenting new avenues for the micro SD cards market. This is encouraging the card manufacturers to develop SD cards which specifically cater to the requirements of content creators. For instance, Samsung recently launched a series of SD cards with the ability to withstand extreme conditions. These cards exhibit exceptional resistance toward temperature, water, X-ray, and magnetism, elevating their popularity among travelers, outdoor enthusiasts, and action sports videographers.
Segment Review
The micro SD cards market is segmented into capacity, application, and region. On the basis of capacity, the market is segmented into 4GB to 16GB, 32GB to 128GB, 256GB to 1TB, and above 1TB. Depending on application, it is classified into smartphones, tablets, PC, digital cameras, gaming consoles, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of capacity, the 32GB to 128GB segment dominated the micro SD card market in 2023.
Depending on application, the smartphones segment was the highest shareholder in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The leading players of the global micro SD cards market include SanDisk Corporation., Samsung Electronics, Kingston Technology, Micron Technology, Transcend Information, Lexar, PNY Technologies Inc., Toshiba Corp, Patriot Memory LLC, Integral Memory Plc, silicon power, and ADATA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Micro SD card is the smallest size of customer-focused flash memory card used for the storage of data. Owing to their miniature size and large storage capacity, SD cards are compatible with diverse electronics, including smartphones, tablets, drones, digital cameras, and gaming consoles. The cards use NAND flash memory chips and small-scale processors, which enable efficient management of data flow, hence ensuring the card is able to read and write data speedily. While all the SD cards perform the same function, they are differentiated by security features, device compatibility, speed class, and storage capacity.
Rapid surge in the adoption of consumer electronics, including cameras, drones, laptops, smartphones is a major driver of the micro SD cards market. In addition, micro SD cards are witnessing a rapid demand among the Internet of Things (IoT) devices such as wearable technology, smart home devices, and connected vehicles, hence contributing to the growth of the market. In current times, the optimization of SD cards specifically according to the applications is an emerging trend. Applications such as gaming consoles, 4K & 8K video recording, and drones require tailored SD cards for their accurate functioning, sustained write speeds, and reliability.
However, advancements and extension of the built-in storage capacity of devices is presenting a stringent competition to the micro SD cards market. In addition, the card is subject to various security concerns as it is easily removable and accessible, enhancing the vulnerability of sensitive information. On the contrary, rise in the trend of content creation is presenting new avenues for the micro SD cards market. This is encouraging the card manufacturers to develop SD cards which specifically cater to the requirements of content creators. For instance, Samsung recently launched a series of SD cards with the ability to withstand extreme conditions. These cards exhibit exceptional resistance toward temperature, water, X-ray, and magnetism, elevating their popularity among travelers, outdoor enthusiasts, and action sports videographers.
Segment Review
The micro SD cards market is segmented into capacity, application, and region. On the basis of capacity, the market is segmented into 4GB to 16GB, 32GB to 128GB, 256GB to 1TB, and above 1TB. Depending on application, it is classified into smartphones, tablets, PC, digital cameras, gaming consoles, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of capacity, the 32GB to 128GB segment dominated the micro SD card market in 2023.
Depending on application, the smartphones segment was the highest shareholder in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The leading players of the global micro SD cards market include SanDisk Corporation., Samsung Electronics, Kingston Technology, Micron Technology, Transcend Information, Lexar, PNY Technologies Inc., Toshiba Corp, Patriot Memory LLC, Integral Memory Plc, silicon power, and ADATA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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Key Market Segments
By Capacity
- 4GB to 16GB
- 32GB to 128GB
- 256GB to 1TB
- Above 1TB
By Application
- Smartphones
- Tablets
- PC
- Digital Cameras
- Gaming Consoles
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- SanDisk Corporation.
- Samsung Electronics
- Kingston Technology
- Micron Technology
- Transcend Information
- Lexar
- PNY Technologies Inc.
- Toshiba Corp
- Patriot Memory LLC
- Integral Memory Plc
- silicon power
- ADATA
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: MICRO SD CARDS MARKET, BY CAPACITY
CHAPTER 5: MICRO SD CARDS MARKET, BY APPLICATION
CHAPTER 6: MICRO SD CARDS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Micro SD Cards Market include:- SanDisk Corporation.
- Samsung Electronics
- Kingston Technology
- Micron Technology
- Transcend Information
- Lexar
- PNY Technologies Inc.
- Toshiba Corp
- Patriot Memory LLC
- Integral Memory Plc
- silicon power
- ADATA
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | June 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 8.8 billion |
| Forecasted Market Value ( USD | $ 16.2 billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
