The North America Universal Flash Storage Market would witness market growth of 13.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 25,571.4 thousand units, showcasing a growth of 17.9% (2019-2022).
UFS has become the standard for high-performance internal storage in smartphones and tablets. Its faster read and write speeds significantly enhance the overall user experience, facilitating quick app launches, seamless multitasking, and smooth 4K video recording. The demand for higher storage capacities in modern smartphones aligns perfectly with the capabilities of UFS, ensuring that users can store and access large volumes of data effortlessly. UFS is increasingly finding its way into laptops and PCs, offering an ideal high-speed data storage and retrieval solution. This is particularly important for tasks such as video editing, gaming, and other data-intensive applications where swift access to large files is crucial.
One of the key innovations in UFS is the introduction of UFS 3.1, which builds upon the foundation laid by its predecessors. UFS 3.1 improves data transfer speeds, offering faster read and write capabilities. This innovation is crucial for quick data access applications, such as real-time video recording and playback. As electronic devices store increasingly sensitive information, security becomes a paramount concern. Innovations in UFS include enhanced security features, such as improved data encryption and secure boot processes. These measures contribute to safeguarding user data and protecting devices from unauthorized access.
Canada has invested significantly in expanding its fiber optic networks, enabling high-speed data transfer across the country. Various industries in Canada are undergoing digital transformation initiatives, driving the adoption of high-speed data transfer technologies. UFS technology supports fast data access in healthcare devices, contributing to the efficiency of medical imaging equipment, patient monitoring systems, and other healthcare applications in the US. UFS technology supports efficient data transfer to and from cloud computing services, which is essential for businesses and individuals relying on cloud-based applications and storage solutions in the US. These factors will propel the growth of the market across the North America region in the upcoming years.
The US market dominated the North America Universal Flash Storage Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.4 Billion by 2030. The Canada market is experiencing a CAGR of 16.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 15.4% during (2023 - 2030).
Based on Capacity, the market is segmented into 128 GB, 32 & 64 GB, 256 GB, and Others. Based on End-Use, the market is segmented into Smartphones, Digital Cameras, Laptops, Gaming Consoles & High-Resolution Displays, Automotive Electronics and Others. Based on Configuration, the market is segmented into Embedded and Removable. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Universal Flash Storage Market is Predict to reach $11.2 Billion by 2030, at a CAGR of 14.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Toshiba Corporation, SK Group (SK Hynix, Inc.), Micron Technology, Inc., Phison Electronics Corporation, Silicon Motion Technology Corporation, Synopsys, Inc., Cadence Design Systems, Inc., Arasan Chip Systems Inc. and LTIMindtree Limited (GDA Technologies, Inc.).
By Capacity (Volume, Thousand Unit, USD Billion, 2019-30)
By End-user (Volume, Thousand Unit, USD Billion, 2019-30)
By Configuration (Volume, Thousand Unit, USD Billion, 2019-30)
By Country (Volume, Thousand Unit, USD Billion, 2019-30)
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