USB Memory Stick Market Trends, Overview and Forecast till 2021

Global USB Memory Stick Market is segmented on the basis of type, cards, capacity, application and geography. A USB memory stick also known as a flash-drive, USB drive, USB flash drive, pen drive, thumb drive, jump drive, or USB memory, is a data storage device that includes flash memory with an integrated USB interface. One of the key factors that contribute to the growth of flash cards and USB flash drives market is the ever-increasing demand for robust and compact memory storage devices that have maximum storage capacity.
USB Memory Stick Market
In addition, the flash cards and USB flash drives market is witnessing growing adoption of high-density cards for data storage by flash memory card sellers. However, the market poses a strong challenge in terms of growth by increasing portable devices with high in-built memory. Based on type, the USB memory stick market is segmented into drive generation 1.0, drive generation 2.0 and drive generation 3.0. The segment “generation 3.0” is considered to the latest of its kind.
The key players of USB memory stick industry are Keyscaper, SanDisk, Verbatim, Transcend, Kingston, Centon, Lexar, Corsair, Kanguru Solutions, Patriot, Five Star Inc., SAMSUNG, ADATA, Naxa, Edge, StarTech, Brother, Energizer, Monoprice, Sabrent, Addonics, Gear Head, HP, Athenatech, Qmadix, EP Memory, Super Talent and Action Sport Drivers.
Based on cards, the USB memory stick market is segmented into compact flash card, secure digital card, mini secure digital card, micro secure digital card, xD-Picture card, multi media card and smart media card. Based on capacity, the USB memory stick market is segmented into 2GB, 4GB, 8GB, 16GB, 32GB, 64GB and more than 64GB. Based on application, the USB memory stick market is segmented into communication devices, cameras or camcorders and others which include gaming consoles. Based on geography, the USB memory stick market is segmented into Latin America, Middle East & Africa, North America, Asia Pacific and Europe.
Europe represents the largest regional market across the globe. Asia Pacific ranks as the fastest growing market with a CAGR of 8.2% over the analysis period. Steadily growing economies, surging demand for computing devices, rapid proliferation of smartphones and tablets, and increasing adoption of storage devices for storing, transferring and sharing content particularly in China and India represent key growth drivers in the region.

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