Japan Flash Memory Market Size (2024 - 2029)

Japan Flash Memory Market Analysis

The Japan Flash Memory Market size is estimated at USD 3.07 billion in 2024, and is expected to reach USD 3.55 billion by 2029, growing at a CAGR of 3% during the forecast period (2024-2029).

The market growth is driven by the rising demand for consumer electronics and automobiles manufacturing in the country. In addition, the developments of memory fabs and government incentives drive the market toward a growth trajectory.

• The demand for flash memory gained traction owing to increased penetration of the 5G network and demand for smartphones with advanced features and network capabilities such as 5G. High-performance smartphones consume high energy; thus, smartphone manufacturers are focusing on adopting flash memory in the next-generation smartphones to reduce power consumption and deliver high performance to consumers. For instance, in December 2022, As per the Japan Electronics and information technology Industries Association, the monthly domestic smartphone shipment volume reached 930,000 units in December 2022 compared to 590,000 in November 2022.
• Memory products to gain demand in coming years as the volume of data produced every second continues to rise. Thus, key vendors focus on spending billions of dollars to develop memory fabs and increase production capacity. For instance, in October 2022, Japan's Kioxia launched a new memory fab (Fab7) at Yokkaichi amid the market downturn. Fab7 is expected to increase the total production capacity of the Yokkaichi plant by 30%
• Government support to increase the production of NAND flash memory and memory fabs in the country fuel the market growth. For instance, in July 2022, the Japanese Government announced a subsidy of USD 680 million to Kioxia Holdings and Western Digital Corp to boost the production of NAND flash memory. The government aims to stabilize the chip production in the country. 
• With the improvements in cell structure and the resulting increase in storage density, NAND flash technology is gaining popularity across market segments. This enables this non-volatile memory chip to considerably reduce the die size while providing faster throughput and better bandwidth at the system level. Innovations in the NAND flash and NOR flash memory are keeping pace with the accelerating demands in a data-centric world. The rise in demand for high-capacity storage to store, process, and manage vast amounts of data at higher speed and lower power consumption accelerates market growth.

Japan Flash Memory Industry Segmentation

Flash memory is a type of non-volatile memory that electronically erases data in blocks and rewrites the data at the byte level. There are two types of flash memory - NOR flash and NAND flash. Flash memory is widely used for storage and data transfer in consumer devices, enterprise systems, and industrial applications. The market study comprises the value and volume of flash memory.

Japan Flash Memory market is segmented by type (NOR Flash Memory (by density [2 MEGABIT & LESS, 4 MEGABIT & LESS (greater than 2MB), 8 MEGABIT & LESS (greater than 4MB), 16 MEGABIT & LESS (greater than 8MB), 32 MEGABIT & LESS (greater than 16MB), 64 MEGABIT & LESS (greater than 32MB)]), NAND flash memory (by density [128 MB & LESS, 512 MB & LESS, 2 GIGABIT & LESS (greater than 1GB), 256 MB & LESS, 1 GIGABIT & LESS, 4 GIGABIT & LESS (greater than 2GB)]), by end user (data center (enterprise and servers), automotive, mobile and tablet, client (PC, client SSD)), other end-user applications). The report offers market forecasts and size in value (USD) for all the above segments.