USB 3.0 Flash Drives Market : APAC to Retain Top Spot in Global USB 3.0 Flash Drives Market
Players such as HP, SanDisk, and Lexar are expected to continue dominating the U.S. USB 3.0 flash drives market. They also hold significant shares in Europe, along with Fischer Connectors and Toshiba Electronics. On the other hand, players such as Samsung, Kingston, Transcend, and SanDisk hold the leading shares within Asia Pacific.
Players such as HP, SanDisk, and Lexar are expected to continue dominating the U.S. USB 3.0 flash drives market. They also hold significant shares in Europe, along with Fischer Connectors and Toshiba Electronics. On the other hand, players such as Samsung, Kingston, Transcend, and SanDisk hold the leading shares within Asia Pacific.
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<strong>USB</strong> <strong>3.0</strong> <strong>Flash</strong> <strong>Drives</strong> <strong>Market</strong> : <strong>APAC</strong> <strong>to</strong> <strong>Reta<strong>in</strong></strong> <strong>Top</strong> <strong>Spot</strong> <strong>in</strong> <strong>Global</strong> <strong>USB</strong> <strong>3.0</strong><br />
<strong>Flash</strong> <strong>Drives</strong> <strong>Market</strong><br />
Players such as HP, SanDisk, and Lexar are expected <strong>to</strong> cont<strong>in</strong>ue dom<strong>in</strong>at<strong>in</strong>g the U.S. <strong>USB</strong> <strong>3.0</strong> flash<br />
drives market. They also hold significant shares <strong>in</strong> Europe, along with Fischer Connec<strong>to</strong>rs and<br />
Toshiba Electronics. On the other hand, players such as Samsung, K<strong>in</strong>gs<strong>to</strong>n, Transcend, and<br />
SanDisk hold the lead<strong>in</strong>g shares with<strong>in</strong> Asia Pacific.<br />
Obta<strong>in</strong> Report Details @ http://www.transparencymarketresearch.com/pressrelease/usb-flashdrives-market.htm<br />
Accord<strong>in</strong>g <strong>to</strong> a research report released by Transparency <strong>Market</strong> Research, the U.S., Europe, and<br />
Asia Pacific <strong>USB</strong> <strong>3.0</strong> flash drives market is expected <strong>to</strong> hold <strong>in</strong>tense competition over the com<strong>in</strong>g<br />
years as more and more manufacturers of flash drives become attracted <strong>to</strong>wards the idea of<br />
becom<strong>in</strong>g a part of this high demand market. Key global players as well as regional vendors are<br />
push<strong>in</strong>g for greater product development <strong>in</strong> order <strong>to</strong> earn greater shares <strong>in</strong> the global <strong>USB</strong> <strong>3.0</strong> flash<br />
drives market. The development of high capacity <strong>USB</strong> <strong>3.0</strong> flash drives is a very common trend<br />
currently noticed <strong>in</strong> the global market.<br />
The global <strong>USB</strong> <strong>3.0</strong> flash drives market is expected <strong>to</strong> reach US$3,115.6 mn by the end of 2020 <strong>in</strong><br />
terms of revenue. It was calculated at US$1,123.9 mn <strong>in</strong> 2015, and this revenue is projected <strong>to</strong><br />
expand at a CAGR of 23.5% dur<strong>in</strong>g the forecast period from 2016 <strong>to</strong> 2020.<br />
Grow<strong>in</strong>g Digital Data Volumes Draw Focus on <strong>Global</strong> <strong>USB</strong> <strong>3.0</strong> <strong>Flash</strong> <strong>Drives</strong> <strong>Market</strong><br />
“The global <strong>USB</strong> <strong>3.0</strong> flash drives market is expected <strong>to</strong> witness a healthy rate of growth over the<br />
com<strong>in</strong>g years. One of the key reasons for the grow<strong>in</strong>g demand for <strong>USB</strong> <strong>3.0</strong> tech is the <strong>in</strong>crease <strong>in</strong><br />
data volumes be<strong>in</strong>g transferred. Digital data is not only <strong>in</strong>creas<strong>in</strong>g <strong>in</strong> numbers, but also <strong>in</strong>creas<strong>in</strong>g <strong>in</strong><br />
virtual size due <strong>to</strong> quality enhancements. Common consumer copies of music files and movie files,<br />
for <strong>in</strong>stance, are gett<strong>in</strong>g larger <strong>to</strong> accommodate the advancements <strong>in</strong> quality of each type of file.<br />
Given the overall growth <strong>in</strong> the volume of digital data be<strong>in</strong>g used, consumers are look<strong>in</strong>g for better<br />
and faster ways <strong>to</strong> transfer data, which br<strong>in</strong>gs <strong>USB</strong> <strong>3.0</strong> flash drives <strong>to</strong> their attention,” states a TMR<br />
analyst.<br />
The U.S., Europe, and Asia Pacific <strong>USB</strong> <strong>3.0</strong> flash drives market has benefitted greatly through the<br />
developments <strong>in</strong> the chip-on-board manufactur<strong>in</strong>g process. The grow<strong>in</strong>g adoption of effective CoB<br />
manufactur<strong>in</strong>g processes has allowed players <strong>to</strong> significantly reduce the size of their flash drives,<br />
while allow<strong>in</strong>g them <strong>to</strong> <strong>in</strong>creas<strong>in</strong>g s<strong>to</strong>rage space while ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g a small form fac<strong>to</strong>r.
High Costs Cont<strong>in</strong>ue Stifl<strong>in</strong>g Demand for <strong>USB</strong> <strong>3.0</strong> <strong>Flash</strong> <strong>Drives</strong><br />
One of the key challenges faced by the global <strong>USB</strong> <strong>3.0</strong> flash drives market currently, is the high<br />
costs associated with manufactur<strong>in</strong>g these devices. Consumers are generally deterred by the costs of<br />
a majority of the <strong>USB</strong> <strong>3.0</strong> tech <strong>in</strong> the market currently, and manufacturers are struggl<strong>in</strong>g <strong>to</strong> ma<strong>in</strong>ta<strong>in</strong><br />
the l<strong>in</strong>e between profit and loss while try<strong>in</strong>g <strong>to</strong> reduce product cost. This issue is likely <strong>to</strong> be<br />
resolved over time as manufactur<strong>in</strong>g methods improve and allow players <strong>to</strong> cut down on cost of<br />
production.<br />
“Current opportunities <strong>in</strong> the U.S., Europe, and Asia Pacific <strong>USB</strong> <strong>3.0</strong> flash drives market lie <strong>in</strong> the<br />
developed regions from North America and Europe. Although Asia Pacific is the lead<strong>in</strong>g producer<br />
of <strong>USB</strong> <strong>3.0</strong> flash drives, the scope of use for them is much larger <strong>in</strong> Europe and North America. The<br />
lowered prices of <strong>USB</strong> <strong>3.0</strong> tech can, for <strong>in</strong>stance, allow students <strong>to</strong> s<strong>to</strong>re and share academic data <strong>in</strong><br />
a fast and reliable way, thereby <strong>in</strong>creas<strong>in</strong>g sales,” adds the analyst.<br />
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