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2021
Secure Digital Card Market

Secure Digital Card Market by Type (Micro SD Card and Mini SD Card) and Application (Mobile Phones, Cameras and Camcorders, Tablets, and Audio Players): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13183
Pages: NA
Nov 2021 | 59 Views
   
Author(s) : Vineet Kumar
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global secure digital card market is experiencing significant growth and will grow considerably in the next few years. A Secure Digital (SD) card is a small flash memory card used in automobile navigation systems, cellular phones, e-books, PDAs, smartphones, digital cameras, music players, digital video camcorders, and personal computers. SD cards are also non-volatile memory cards whose size and performance make them a popular alternative to traditional flash memory storage devices. The upper-right corner of each SD card is tilted to ensure that the card can only be inserted one way. When the physical slider on the left side of a card is moved to the LOCK position, it prevents the card from being written. The "secure" component of "Secure Digital" refers to the DRM protection mechanism included into the software. Content Protection for Recordable Media (CPRM) is a feature of the SD format that prevents protected content from being read from another storage device.

The global secure digital card market is segmented on the basis of type, application, and region. Based on type, the market is divided into micro SD card and mini SD card. In terms of application, the market is categorized into mobile phones, cameras and camcorders, tablets, and audio players. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global secure digital card industry include Kingston Technology Co. Inc., Lexar, Micron Technology Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., Transcend Information Inc., Verbatim Australia Pty Ltd., and Western Digital Corp. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global secure digital card market.

COVID-19 Scenario Analysis

The COVID-19 pandemic is impacting the society and overall economy across the global. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. The lockdown was the result of the new coronavirus's short-term influence on the manufacturing industry around the world, which resulted in a drop in secure digital card demand. The COVID-19 outbreak and subsequent lockdown have resulted in the closure of activities as well as e-commerce and retail stores, putting supply chains at risk and widening the gap between demand and supply. Furthermore, the supply of electronic components has been hampered as a result of the global shutdown. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and toward the next normal.

Significant growth in the secure digital card market size can be witnessed during the forecast period once the lockdown will be over and the production rate will return to its previous pace.

 Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The demand for more storage space in digital cameras, mobile phones, and other portable electronic devices is driving the growth of the secure digital card market. SD card acceptance in emerging applications, increased SD card adoption in IoT devices, and the development of application performance class standards are driving the industry. In addition, the market growth is expected to be aided by the adoption of SD cards in developing applications. The market growth is expected to be hampered by increased usage of online streaming, quick cloud technology deployment, and rising adoption of in-built memory in smartphones.

The global secure digital card market trends are as follows:

Increase in demand for IoT devices

The Internet of Things (IoT) appears to be on the verge of breaking into widespread corporate use after years of hype, anticipation, and gradual adoption. The percentage of firms that adopt IoT technologies has risen very rapidly. The number of IoT devices is expected to be triple than the present number during the forecast period. The evolving technologies that underpin the IoT are both a result and a motivation for this degree of adoption. For starters, technological advancements will make IoT technology easier to implement, allowing a wider range of businesses to profit from IoT applications. The expanding market for IoT devices illustrates some of the ways that mature technologies are starting to deliver on the IoT's promises. The growing acceptance of home automation devices in applications, such as security, HVAC, and energy management, among others, has been important factors driving the growth of the consumer IoT market for home automation.

Increase in demand for video surveillance cameras

Video surveillance cameras, unlike traditional security and closed-circuit television (CCTV) cameras, generally work in combination with security systems and are frequently internet-connected, allowing users to monitor the feed from anywhere. Consumers and businesses alike use these cameras to keep a watch on sensitive or vulnerable places. Due to the use of home security systems and mobile cameras such as those in cars, consumer video surveillance cameras currently account for 32% of the global market. The adoption of smart camera systems as well as the video analytics apps that support them is driving the expansion of video surveillance cameras.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value ($)

 Segments Covered

 Type, Application, And Region

 Regions Covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

 Companies Covered

Kingston Technology Co. Inc., Lexar, Micron Technology Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., Transcend Information Inc., Verbatim Australia Pty Ltd., and Western Digital Corp.

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global secure digital card industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the secure digital card market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the secure digital card market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed secure digital card market analysis based on competitive intensity and how the competition will take shape in coming years.
  • The report contains secure digital card market forecast from 2021 to 2030, considering 2020 as a base year.
  • The report presents information on the secure digital card market opportunities to track potential regions and country.
  • The secure digital card market outlooks the future scope and estimates the percentage growth.

Key Segments Covered

Segment

Sub-segment

 Type

  • Micro SD Card
  • Mini SD Card

 Application

  • Mobile Phones
  • Cameras and Camcorders
  • Tablets
  • Audio Players

 

Questions Answered in the Market Research Report

  • Which are the leading players active in market?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
 
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