The market for memory cards format SD in the coming years will continue to grow

Specialists of research company Persistence Market Research (PMR) has studied the situation in the market of memory card format Secure Digital (SD) and issued a forecast for the coming years. Card format SD, which includes more capacious variants SDHC and SDXC and their miniature varieties of microSD, microSDHC and microSDXC, are widely used in electronic devices, such as cameras, smartphones and tablets. Their merits analysts attributed the small size, ease of use, high performance and capacity. These factors have determined the high prevalence of memory card format SD compared to other removable media flash memory.

The PMR study covers the period from 2015 to 2022. Analysts predict that the market for SD cards within the specified period will grow by an average 1.5% per year. Primarily, the growth will be associated with the advances in digital cameras and the proliferation of multimedia content. The most common will be the microSD card, which in 2014 accounted for more than 90% of the market, and the largest «consumer» cards will be smartphones. Already in 2014, smartphones were up 68.5% of all issued cards memory, and by 2022 it is expected this increase to 71.6%. The key market participants, analysts say SanDisk, Transcend, Adata, Panasonic, Kingston, Toshiba, Sony, Samsung, Toshiba and PNY.

Source: PMR

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