Global Universal Flash Storage Market Size By Configuration (Removable, Embedded), By Capacity (32 GB, 128 GB, 512 GB), By End-User (Laptops, Automotive Electronics, Gaming Consoles), By Application (Mass Storage, Boot Storage), By Geographic Scope And Forecast
Report ID: 24745|No. of Pages: 202
Global Universal Flash Storage Market Size By Configuration (Removable, Embedded), By Capacity (32 GB, 128 GB, 512 GB), By End-User (Laptops, Automotive Electronics, Gaming Consoles), By Application (Mass Storage, Boot Storage), By Geographic Scope And Forecast
Universal Flash Storage Market Size And Forecast
Universal Flash Storage Market size was valued at USD 11.65 Billion in 2024 and is projected to reach USD 40.61 Billion by 2031, growing at a CAGR of 18.64% from 2024 to 2031.
- Universal Flash Storage (UFS) is a high-performance connection for data storage media that is largely found in smartphones, digital cameras, and other consumer electronics. It is intended to provide a faster and more efficient method of data transfer as compared to prior technologies such as eMMC. UFS provides much faster data transfers, decreased power consumption, and increased dependability. It accomplishes this by combining a high-speed serial interface with a command queue, which allows for simultaneous read and write operations, hence improving the device’s total performance.
- Universal Flash Storage (UFS) is commonly used in applications that require fast data access and performance, such as smartphones, digital cameras, tablets, and computers. It allows for faster boot times, program loading, fluid multitasking, and fast image capture, particularly in high-resolution formats. Looking ahead, the future of UFS seems good, with the introduction of 5G, IoT, and advanced AI applications driving the demand for increasingly faster and more reliable storage solutions. Emerging technologies such as self-driving cars and smart homes will benefit from UFS’s scalability and performance, ensuring smooth operation and real-time data processing.
Global Universal Flash Storage Market Dynamics
The key market dynamics that are shaping the global universal flash storage market include:
Key Market Drivers:
- Increasing Smartphone Adoption: Smartphone adoption is driving the universal flash storage (UFS) market, as they require fast and efficient storage solutions. The GSMA’s “The Mobile Economy 2023” research predicts that smartphone use will reach 85% of global connections by 2025, up from 76% in 2022.
- Growing Demand for High-Performance Storage in Automotive Applications: Increasing demand for high-performance storage in automotive applications.
The car industry is gradually combining modern infotainment systems and self-driving technology, increasing demand for UFS. - Expansion of 5G Networks: The expansion of 5G networks has increased demand for UFS in mobile devices and infrastructure equipment. According to Ericsson’s Mobility Report from November 2023, 5G subscriptions are expected to reach 4.6 billion by the end of 2028, representing 55% of all mobile subscriptions.
- Increasing Data Storage Requirements in IoT Devices: The growth of Internet of Things (IoT) devices is driving up demand for tiny, high-performance storage systems such as UFS. According to IDC, by 2025, there will be 55.7 billion linked IoT devices worldwide, generating 73.1 zettabytes of data, highlighting the need for effective storage systems.
Key Challenges:
- Power Consumption Trade-offs: universal flash storage (UFS) is supposed to be more power-efficient than older storage solutions, however, combining power consumption with performance is still a challenge. High-speed data transfer and simultaneous read/write operations can nevertheless consume significant power, reducing battery life in portable devices. Manufacturers must properly optimize UFS implementations to guarantee they give the desired performance while remaining energy efficient. This balance is crucial for UFS’s competitiveness in markets where consumers prioritize battery life.
- Integration Complexity: UFS integration is more complicated than other storage solutions. Engineers must ensure compliance with the UFS standard, which may necessitate considerable changes to hardware and software structures. This complexity can lead to longer development periods and more expenses, as well as more testing to ensure reliability and performance. Companies must spend on training and resources to overcome these obstacles, which can be especially difficult for smaller enterprises with limited budgets.
- Power Consumption Trade-offs: UFS is supposed to be more power-efficient than older storage solutions, however combining power consumption with performance is still a challenge. High-speed data transfer and simultaneous read/write operations can nevertheless consume significant power, reducing battery life in portable devices. Manufacturers must carefully optimize UFS implementations to guarantee they give the desired performance while remaining energy efficient. This balance is crucial for UFS’s competitiveness in markets where consumers prioritize battery life.
Key Trends:
- Increasing Adoption in Smartphones: universal flash storage (UFS) use in smartphones is quickly increasing due to the demand for quicker transfers of data and enhanced performance. High-end smartphones, in particular, benefit from UFS’s ability to manage huge files and multitask smoothly. As consumers want more powerful and efficient devices, smartphone makers are increasingly using UFS to improve user experiences. This trend is projected to continue, with mid-range and even low-cost smartphones adopting UFS as the technology becomes more affordable and popular.
- Expansion into IoT Devices: Expansion into IoT Devices: The Internet of Things (IoT) is increasing demand for high-performance storage systems such as UFS. IoT devices, ranging from smart household appliances to industrial sensors, require efficient data handling skills to function properly. UFS provides the speed and reliability required for real-time data processing and communication in IoT ecosystems. As the IoT industry grows, the use of UFS in these devices is projected to increase, promoting the development of smart, connected environments.
- Advancements in UFS Versions: UFS technology advances, including 3.0, 3.1, and 4.0, are driving performance and efficiency gains. Each successive iteration improves data transfer speeds, battery efficiency, and reliability, meeting the changing needs of current devices. These enhancements keep UFS competitive and relevant in the face of new storage systems. Continuous innovation in UFS standards will drive more adoption and create new opportunities for high-performance applications.
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Global Universal Flash Storage Market Regional Analysis
Here is a more detailed regional analysis of the global universal flash storage market:
North America:
- North America dominates the universal flash storage (UFS) market, owing to a concentration of significant technology businesses and early adopters of cutting-edge technologies. The region’s strong need for high-performance storage solutions is driven by significant investments in R&D, as well as a mature consumer electronics market. This domination continues to grow with the proliferation of 5G technology, which will have over 100 million 5G connections in the United States by the end of 2022, representing a 40% increase year on year.
- The increasing integration of advanced driver assistance systems (ADAS) and entertainment systems in automobiles is driving up UFS demand in the automotive industry. The global automotive memory market, which includes UFS, is expected to increase from USD 4.1 Billion in 2021 to USD 8.9 Billion by 2026, with North America continuing to hold a substantial market share. Furthermore, the Internet of Things (IoT) ecosystem is a primary driver of UFS adoption in North America.
Asia Pacific:
- The Asia Pacific region is exhibiting fastest-growth in the market owing to rapid industrialization, urbanization, and technical improvements in China, South Korea, and Japan. The expanding smartphone and consumer electronics manufacturing industries, combined with government programs fostering technical innovation, are important drivers of UFS market expansion.
- This expansion is aided by the region’s supremacy in smartphone production and consumption; the Global System for Mobile Communications Association (GSMA) predicts that smartphone usage in Asia Pacific will reach 83% of total connections by 2025, up from 68% in 2020. China’s considerable contribution to this expansion is obvious, with the China Academy of Information and Communications Technology (CAICT) estimating that domestic smartphone shipments will reach 266 million units in 2023, with 5G models accounting for 82.9% of the total.
- The automobile sector in Asia Pacific is another important driver of UFS adoption. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia will create more than 46 million automobiles in 2022, accounting for 55% of global output. As modern vehicles incorporate more powerful infotainment systems and driver assistance technology, the demand for high-performance storage solutions such as UFS is projected to rise. Government initiatives also contribute to market growth. Japan’s Society 5.0 initiative aims to create a super-smart society, increasing demand for advanced technologies such as UFS, while South Korea’s Digital New Deal focuses on the development of 5G and AI technologies, indirectly supporting UFS market expansion.
Furthermore, the IoT ecosystem in Asia Pacific helps to UFS market growth; IDC predicts that Asia Pacific (excluding Japan) would be the largest region for IoT investment, reaching USD 437 Billion by 2025, creating need for efficient storage solutions such as UFS.
Global Universal Flash Storage Market Segmentation Analysis
The Global Universal Flash Storage Market is segmented on the End User, Application, Configuration, Capacity, And Geography.
Universal Flash Storage Market, By Configuration
- Removable
- Embedded
Based on Configuration, the market is bifurcated into Removable and Embedded. Embedded UFS presently leads the universal flash storage market, powering the vast majority of high-end smartphones, tablets, and other mobile devices thanks to its better performance and power efficiency. The detachable UFS category is expanding rapidly, driven by rising demand for extended storage choices in these devices, as well as new applications in other portable electronics such as digital cameras and drones.
Universal Flash Storage Market, By Capacity
- 32 GB
- 64 GB
- 128 GB
- 256 GB
- 512 GB
Based on Capacity, the market is segmented into 32 GB, 64 GB, 128 GB, 256 GB, and 512 GB. The 128 GB segment is anticipated to hold major share in the universal flash storage market, providing a good mix of storage space and price for most consumers. However, the 256 GB area is quickly gaining pace as the fastest-growing segment, driven by rising demand for larger storage capacities to handle larger software installations, high-resolution photographs and videos, and increased multimedia content consumption.
Universal Flash Storage Market, By End-User
- Laptops
- Automotive Electronics
- Digital Cameras
- Smartphones
- High-Resolution Displays
- Gaming Consoles
Based on End-User, the market is segmented into Laptops, Automotive Electronics, Digital Cameras, Smartphones, High-Resolution Displays, and Gaming Consoles. Smartphones are the prominent segment in the universal flash storage market, thanks to their large worldwide user base and continual demand for high-performance storage solutions. However, the automotive electronics industry is expanding rapidly due to the growing use of advanced driver assistance systems (ADAS), entertainment systems, and electric vehicles, all of which demand extensive data storage and processing capabilities.
Universal Flash Storage Market, By Application
- Mass Storage
- Boot Storage
- XiP Flash
- External Card
Based on Application, the market is segmented into Mass Storage, Boot Storage, XiP Flash, and External Card. Mass storage now dominates the universal flash storage market, providing the major storage requirements for most electronic devices. It can store a large quantity of data, including programs, media, and user files. XiP Flash is the fastest-growing segment, thanks to its ability to execute code directly from flash memory, removing the need for separate program and data memory, hence improving device performance and lowering power consumption.
Universal Flash Storage Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Universal Flash Storage Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America currently leads the Universal Flash Storage (UFS) market due to its technological prowess and early adoption of advanced technologies. However, Asia Pacific is quickly gaining pace as the fastest-growing region owing to strong smartphone and consumer electronics manufacturing, as well as increased urbanization and industrialization.
Key Players
The “Global Universal Flash Storage Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Toshiba, Micron, Samsung, Silicon Motion, Synopsys, Phison, SK Hynix, GDA IP Technologies, Cadence, Arasan, Avery, and Tuxera. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Universal Flash Storage Market Recent Developments
- In July 2023, Renesas introduced the R-Car S4 Starter Kit, which is interoperable with automotive portal systems, car servers, communication modules, and other components. Renesas also provides a software development kit for the S4 SoC. The SoC provides high computer performance, connectivity functions, and safe vehicle control capabilities. A new starter kit from the firm offers a less expensive alternative to the previous R-Car S4 Reference Board, which contains an evaluation board and a software evaluation kit.
- In July 2023, Samsung Electronics Co., the world’s largest memory chipmaker, will begin mass-producing a new flash memory chip for in-vehicle entertainment systems. Universal Flash Storage (UFS) 3.1 is the automobile industry’s most energy-efficient semiconductor, thanks to its low power consumption. Samsung wants to outperform Micron Technology, Inc. by 2025 with its latest car chip. There will be three flash memory capacities – 128, 256, and 512 gigabytes (GB) – to fulfill the needs of a diverse spectrum of clients.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Toshiba, Micron, Samsung, Silicon Motion, Synopsys, Phison, SK Hynix, GDA IP Technologies, Cadence, Arasan, Avery, and Tuxera. |
| Segments Covered | End User, Application, Configuration, Capacity, And Geography |
| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL UNIVERSAL FLASH STORAGE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL UNIVERSAL FLASH STORAGE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL UNIVERSAL FLASH STORAGE MARKET, BY END USER
5.1 Overview
5.2 Laptops
5.3 Automotive Electronics
5.4 Digital Cameras
5.5 Smartphones
5.6 High-Resolution Displays
5.7 Gaming Consoles
6 GLOBAL UNIVERSAL FLASH STORAGE MARKET, BY APPLICATION
6.1 Overview
6.2 Mass Storage
6.3 Boot Storage
6.4 XiP Flash
6.5 External Card
6.6 Others
7 GLOBAL UNIVERSAL FLASH STORAGE MARKET, BY CONFIGURATION
7.1 Overview
7.2 Removable
7.3 Embedded
8 GLOBAL UNIVERSAL FLASH STORAGE MARKET, BY CAPACITY
8.1 Overview
8.2 32 GB
8.3 64 GB
8.4 128 GB
8.5 256 GB
8.6 512 GB
9 GLOBAL UNIVERSAL FLASH STORAGE MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL UNIVERSAL FLASH STORAGE MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Share
10.3 Vendor Landscape
10.4 Key Development Strategies
11 COMPANY PROFILES
11.1 Toshiba
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Micron
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Samsung
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Silicon Motion
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Synopsys
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Phison
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 SK Hynix
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 GDA IP Technologies
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Cadence
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Arasan
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
11.11 Avery
11.11.1 Overview
11.11.2 Financial Performance
11.11.3 Product Outlook
11.11.4 Key Developments
11.12 Tuxera
11.12.1 Overview
11.12.2 Financial Performance
11.12.3 Product Outlook
11.12.4 Key Developments
12 Appendix
12.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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