Top Companies in the USB Flash Drive Market | VMR In-depth Analysis of Past and Future Data
The USB Flash Drive Market is witnessing growth due to the increasing demand for consistent data backup storage options that recollect information without depending on power sources/batteries.
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Upcoming Trends in USB Flash Drive Market
The Global USB Flash Drive Market is valued at USD 7,126.1Million in the year 2021 and is projected to reach a value of USD1,0754.4 Million by the year 2028. The market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 7.1% over the forecast period. The demand for the USB Flash Drive market is driven by drivers. These drivers are to support growth in collaborations and partnerships for research on the USB Flash Drive market. However, restraints may hinder the market growth.
USB Flash Drives are in high demand owing to the advantages associated with the product, including compact size, light-weight, high-speed data transfer & storage capabilities, no reliance on a power source or battery for functioning, simplicity of the technology, and ease of use. The product is also less prone to damage or corruption as compared to other storage devices like CDs and floppy disks. The introduction of USB 3.0 flash drives that offer a data transfer rate of 4.8 GB per second will further boost product proliferation in the coming years.
High demand for compact and easy-to-use storage devices with optimum storage capacity will influence USB Flash Drives industry expansion during the forecast period.
Some of the key players operating in the USB Flash Drive market are listed below:
|
Company Name |
Revenue in USD |
|
<$5 Million |
|
<$5 Million |
|
$59 Billion |
|
$13 Billion |
|
$8 Million |
|
$63 Billion |
|
$1 Billion |
|
$36 Million |
|
$49 Billion |
Lexar Media, Inc. is an American brand of flash memory products manufactured by the Chinese company Longsys. The Lexar "JumpDrive" trademark was often used synonymously with the term USB Flash Drives when the technology was first adopted.
SanDisk is Western Digital's brand for flash memory products, including memory cards and readers, USB Flash Drives, and solid-state drives. The company was acquired by Western Digital in 2016.
Sony Group Corporation, commonly known as Sony and stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Kōnan, Minato, and Tokyo, Japan. The company is listed as 6758 (TYO) on the stock market.
Kingston Technology Corporation is an American multinational computer technology corporation that develops, manufactures, sells, and supports flash memory products and other computer-related memory products, as well as the HyperX gaming division.
Transcend Information, Inc. is a Taiwanese company headquartered in Taipei, Taiwan that manufactures and distributes memory products
HP Inc. is a technology company that believes one thoughtful idea has the power to change the world. Its product and service portfolio of personal systems, printers, and 3D printing solutions helps bring these ideas to life.
Corsair Inc. is an American computer peripheral and hardware company headquartered in Fremont, California. Previously Corsair Components and Corsair Memory, it was incorporated in California in January 1994 as Corsair Microsystems and reincorporated in Delaware in 2007.
GlassBridge Enterprises, Inc., formerly Imation Corporation, is an American holding company. Through its subsidiary, Glassbridge focuses primarily on investment and asset management.
Xiaomi Corporation, registered in Asia as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second-largest manufacturer of smartphones in the world, most of which run the MIUI operating system.
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