Memory card market set to grow with introduction of new formats

24 October 2001 News

Memory cards - small, portable memory devices used to transfer data and images across multiple consumer applications, will see rapid growth over the next three to five years.

While SmartMedia and CompactFlash are the most recognisable names in memory cards, the last few years have seen a number of new formats enter this market. From flash formats such as MultiMedia, Secure Digital, and Memory Stick to magnetic media such as Microdrive and PocketZip, to emerging optical formats like DataPlay, the market for memory cards is larger and more crowded than it has ever been. In 2000, nearly 37 million cards were shipped generating more than $1,6 bn.

The markets for memory cards have spread well beyond the original application of digital photography, to PDAs, mobile phones and portable digital music players. These new applications will cause substantial growth in the memory card market. But it may be a bumpy ride. The last year has been volatile for flash memory chips - the basis of many memory card formats - leading to rapidly falling prices. Though unit shipments will be up substantially in 2001, revenues are expected to fall slightly.

Nevertheless, as the flash situation stabilises and new memory card formats are established, this market will see substantial growth in both unit shipments and revenues between 2000 and 2005.

See www.in-stat.com

Further reading:

Components distribution slowdown Q1 2025
News
European components distribution (DMASS) experienced a continued slowdown in the first quarter 2025.

Read more...

---

Semiconductor sales increase 17% YoY
News
The Semiconductor Industry Association (SIA) recently announced global semiconductor sales were $54,9 billion during the month of February 2025, an increase of 17,1% compared to the February 2024 total.

Read more...

---

Silicon Labs – Q1 results
News
Silicon Labs, a leading innovator in low-power wireless, recently reported financial results for the first quarter, which ended April 5, 2025.

Read more...

---

Strengthening industry through strategic partnerships at KITE 2025
Specialised Exhibitions News
The KwaZulu-Natal Industrial Technology Exhibition is not just an exhibition, it is a powerhouse of industry collaboration where visitors and exhibitors gain access to authoritative insights, technical expertise, and high-impact networking opportunities.

Read more...

---

Solar Youth Project calls on industry to step up
News
With the second cohort completed training and the first cohort returning for their final module, host companies are urgently needed to turn the training into a long-term opportunity.

Read more...

---

Conlog powers SA’s future with national smart meter rollout
News
Conlog recently secured the RT29-2024 contract from National Treasury, which is seen to be a major milestone towards modernising SA’s utility infrastructure.

Read more...

---

Zuchongzhi-3 sets new benchmark
News
This latest superconducting quantum computing prototype features 105 qubits and 182 couplers to operate at a speed 10¹5 times faster than the most powerful supercomputer currently available.

Read more...

---

Automatic device attestation certificate for Panasonic
News
DigiCert recently announced it has partnered with Panasonic Industry Europe to integrate DigiCert Device Trust Manager with Panasonic’s PAN-MaX intelligent manufacturing service for seamless Matter certification of interoperable smart home devices.

Read more...

---

From the editor's desk: Are we really being ripped off?
Technews Publishing News
To the surprise of many customers, installing solar panels does not always eliminate their utility bill – and in some cases, the power utility may impose additional charges on solar-powered homes.

Read more...

---

Winner of the Advanced Electronics Challenge
Avnet Silica News
Avnet Silica has named Hydronauten winner of the Advanced Electronics Challenge for breakthrough AI-driven vibration damping technology.

Read more...

---