Secure Digital Memory Card Market to Reach $9.62 Billion by 2025 – Zion Market Research

The secure digital (SD) memory card format is used in portable devices, which is a digital storage non-volatile card that can be reprogrammed multiple times during its lifespan.

It is widely used in various electronic devices like digital cameras, handheld devices, tablets, smartphones, etc.

The global SD memory card market is likely to show significant growth, owing to its increasing use in cameras, automobiles, and commercial drones. SD cards also have applications in industrial electronics. The advent of increasing automation is one of the major growth drivers of for the market. Numerous SD card vendors are expanding to untapped markets to increase their market shares, which is resulting in the development of various industry-specific SD cards. Growing usage of electronic devices has led to an increased demand for high-storage capacity SD cards. Electronic devices capture HD videos and pictures that take up more space. Thus, the high-capacity micro-sized cards demand is on the rise. The growing SD card adoption is due to their high performance, ease of use, and compact size.

According to the report (registration required) published by research firm Zion Market Research, the global SD memory card market was $8.21 billion in 2018 and is expected to reach around $9.62 billion by 2025, at a CAGR approximately 2.38% between 2019 and 2025.

The modern-day SD cards are more durable as compared to their traditional counterparts. SanDisk developed a memory card that is x-ray proof, shock- and water-resistant. It also has the ability to read at approximately 95MB/s and write at 90MB/s. However, the rising cost and non-availability of various SD components may limit the global SD memory card market growth.

On the basis of storage, the 512GB and above segment is expected to hold a considerable SD market share, owing to the high-resolution images captured by video surveillance systems, flourishing media sector, and growing demand for 4k videos. The introduction of the latest technology-enabled digital cameras has led to higher image quality and increased demand for higher storage capacity, which will also fuel this segment.

Regional Analysis:
AsiaPac depicts promising growth potential in the global SD market. India and China have registered a rapidly growing demand for smartphones, tablets, and other electronic devices. Additionally, these growing economies have presented various growth opportunities for the global SD market. Japan is one of the most technologically advanced countries in the region and is witnessing a growing need for high-storage capacity SD cards.

Some noticeable players of the global SD memory card market are Micron Technology, Toshiba Corporation, Transcend Information, PNY Technologies, Panasonic Corporation, Kingston Technology, Samsung Electronics, ADATA Technologies, SanDisk Corporation and Sony Corporation.