Introduction of SD cards with high storage capacity to drive market growth. SD card vendors are introducing products with a high storage capacity specifically for applications that need to store large amounts of data such as action cameras, drones, and video surveillance systems. The trend of capturing high-definition pictures and video and the implementation of automation technologies across various sectors are driving the need for high-capacity SD cards. analysts have predicted that the secure digital card market will register a CAGR of close to 3% by 2022.
Adoption of SD cards in emerging applications
The slow growth in the demand for SD cards in the smartphone segment is compelling vendors to identify new areas for the sales of SD cards such as action cameras, automotive, consumer drones, and industrial applications. The integration of automated systems into automobiles and industrial factories is positively impacting the demand for SD cards in these applications.
Rising adoption of inbuilt memory in smartphones
The internal memory of smartphones is used to store apps and user data, and it offers a better speed while executing any app or retrieving user data compared with SD memory cards. For example, Apple, a US-based technology company, offers iPhone, its smartphone series, which has only internal memory (it does not have an SD card slot).
For the detailed list of factors that will drive and challenge the growth of the secure digital card market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Longsys and Transcend Information the competitive environment is quite intense. Factors such as the adoption of SD cards in emerging applications and the introduction of SD cards with high storage capacity, will provide considerable growth opportunities to secure digital card manufactures. ADATA Technology, Kingston Technology, Longsys, Transcend Information, and Western Digital are some of the major companies covered in this report.
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