The Secure Digital Card Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Secure Digital Card Global Market Report 2024, The secure digital card market size has grown strongly in recent years. It will grow from $9.19 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to automotive industry growth, manufacturing and industrial applications, consumer electronics, renewable energy projects, packaging industry needs.
The secure digital card market size is expected to see strong growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to infrastructure investment, advancements in lightweight materials, smart building solutions, defense and military applications, sustainable practices.. Major trends in the forecast period include digitalization and industry 4.0 integration, advanced materials and alloys, customization and prototyping, smart manufacturing and robotics, 3d printing in sheet metal fabrication, digital twin technology.
The increase in the use of digital devices is expected to propel the growth of the secure digital card market going forward. Digital devices refer to electronic devices that can receive, process, and transmit digital information electronically, such as laptops, smartphones, and tablets. Digital devices require secure digital cards to expand their storage capacity and store more digital data, such as photos, videos, music, and documents. As the usage of mobile phones increases, users rely on external storage solutions like secure digital cards to increase storage capacity, leading to an increase in demand for secure digital cards. For instance, in April 2021, according to a Pew Research Center report, a US-based nonpartisan organization, the use of desktop and laptop computers is still widespread, in the US, 53% of adults own a desktop or laptop computer as of 2021. Moreover, according to Cisco Annual Internet Report (2018–2023), in the US, the number of connected devices per person is projected to reach 13.6 (average) by 2023, up from 6.58 (average) in 2018. Therefore, an increase in the use of digital devices is driving the growth of the secure digital card market.
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The secure digital card market covered in this report is segmented –
1) By Size: Micro SD Card, SD Card, Mini SD Card
2) By Storage Capacity: 2 GB, 4 GB, 8 GB, 16 GB, Other Storage Capacities
3) By Application: Digital Cameras, Tablets, Mobile Phones, Other Applications
Advancement in technologies is a key trend gaining popularity in the secure digital card market. Major market players are concentrating their efforts on creating innovative technologies such as the Internet of Things (IoT), 3-D technologies, and 3D TLC NAND technology. For instance, in April 2023, Exascend Inc., a Taiwan -based manufacturer of custom flash storage solutions, launched SD300 series industrial-grade SD and microSD cards, a storage solution with 176-layer 3D TLC NAND technology ideal for edge IoT applications such as gateways, industrial drones, factory robots, surveillance cameras, and infotainment systems. These cards are designed to meet the harsh conditions of industrial environments, with a temperature range of -40°C to 85°C and advanced error correction capabilities.
The secure digital card market report table of contents includes:
1. Executive Summary
2. Secure Digital Card Market Characteristics
3. Secure Digital Card Market Trends And Strategies
4. Secure Digital Card Market – Macro Economic Scenario
5. Global Secure Digital Card Market Size and Growth
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26. South America Secure Digital Card Market
27. Brazil Secure Digital Card Market
28. Middle East Secure Digital Card Market
29. Africa Secure Digital Card Market
30. Secure Digital Card Market Competitive Landscape And Company Profiles
Top Major Players:
- Western Digital Corporation
- ADATA Technology Co. Ltd
- Kingston Technology Company Inc
- Micron Technology Inc
- Panasonic Holdings Corporation
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