From GlobeNewswire: 2025-06-27 10:49:00

The NAND Flash Market size was valued at USD 65.92 billion in 2024 and is projected to reach USD 126.30 billion by 2032, with a CAGR of 8.51% over the forecast period. Demand is driven by AI, 5G, and high-performance storage needs, with technologies like 3D NAND and QLC architecture enhancing capacity and speed while reducing costs.

TLC NAND held the largest market share in 2024 at 58.6%, favored for its balance of price, performance, and endurance. QLC NAND is expected to witness the highest CAGR from 2025 to 2032 due to increasing demand for high-capacity storage. 2D NAND remains vital, with projected growth in cost-sensitive applications.

In 2024, Asia Pacific dominated the NAND flash market, with a 43.6% share. The region is set to grow at a 9.03% CAGR through 2032, driven by strong semiconductor manufacturing and rising device demand. North America benefits from AI and cloud expansion, while Europe sees steady growth in EVs and industrial automation.

Legacy NAND shortage in June 2025 triggers price spike, boosting chipmaker profits. In contrast, NAND flash prices fell sharply in Feb 2025 due to oversupply and weak demand, prompting production cuts. These price fluctuations reflect ongoing challenges in the NAND flash market.



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