Market Overview:

The Secure Digital Card size is estimated to reach $13 billion by 2030, growing at a CAGR of 4.3% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Secure Digital Card – By Card Type (Secure Digital Card, MicroSD Card, MiniSD Card, SDX, SDHC, Others), By Storage Capacity (Low Capacity (below 16GB), Medium Capacity(16GB-128GB), High Capacity (above 128GB)), By Speed Class (Class 2, Class 4, Class 6, Class 10, UHS-I, UHS-II, UHS-III), By Distribution Channel (Online Retailers, Offline Retailers, Direct Sales), By Application (Photography and Videography, Mobile Devices, Computers and Laptops, Gaming Consoles, Industrial Applications, Consumer Electronics, Others), By End Users (Individual Consumers, Professional Users, Enterprises, OEMs, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.

Asia-Pacific Dominated the Market in 2023:

Asia-Pacific accounted for the largest share of 36% of the Secure Digital Card in 2023. As, a rapidly growing population, particularly in countries like India and China are witnessing a mobile revolution, with a vast portion of the population relying on smartphones for communication, entertainment, and work, this surging demand for smartphones creates a parallel need for expandable storage options like SD cards. Additionally, the Asia Pacific region is experiencing a thriving e-commerce ecosystem, consumers are increasingly comfortable purchasing electronics online, and SD cards benefit from this trend. Furthermore, the increasing popularity of high-resolution photography, 4K videography, and feature-rich mobile games is driving the demand for high-capacity storage solutions like SD cards propelling the growth of the market.

Secure Digital Card: Key Takeaways

Convenience and On-the-Go Lifestyles:

The convenience on the go lifestyle is a key driver of smartphone adoption, this reliance on smartphones necessitates expandable storage, and SD cards offer a convenient and portable way to increase storage capacity without having to upgrade the entire phone. Additionally, the convenience of online shopping aligns perfectly with the on-the-go lifestyle, consumers can easily research and purchase SD cards from their smartphones or computers, receiving them directly at their doorstep, eliminating the need for physical trips to stores. This ease of access encourages more people to utilize SD cards for their storage needs, further fueling market growth.

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Innovation of the E-commerce market and Online Shopping:

The rise of e-commerce and online shopping, driven by factors like convenience, wider selection, and competitive pricing, fuels the demand for high-quality digital storage. This is because consumers are increasingly purchasing devices like smartphones and cameras that capture high-resolution photos and videos, requiring more storage space. E-commerce innovation, such as faster delivery options and the ability to buy high-tech gadgets online, further encourages this trend.  Thus, creating greater demand for storage solutions like Secure digital cards to enhance the customer experience, thereby thriving the growth in the Secure Digital Card market.

Scope of the Report: 

    Report Metric

                        Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

4.3%

Market Size in 2030

$13 Billion

Segments Covered

By Card Type, By Storage Capacity, By Speed Class, By Distribution Channel, By Application, By End User, and By Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Malaysia, Indonesia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




Key Market Players

  1. SanDisk (Western Digital)

  2. Samsung Electronics

  3.  Kingston Technology

  4. Sony Corporation

  5.  Lexar (Micron Technology)

  6. Toshiba Memory Corporation

  7. PNY Technologies

  8. Transcend Information, Inc.

  9. ADATA Technology

  10. Delkin Devices

 


Recent Developments:
  • Driven by the demand for capturing high-resolution photos and videos on devices like smartphones and drones, manufacturers are constantly pushing the boundaries of storage capacity. In June 2022, Micron Technology launched a 1.5TB microSD card for higher storage capacity.
  • SD card manufacturers are recognizing the diverse needs of different users. Companies are releasing cards specifically designed for tasks like professional photography or industrial applications requiring high data security and reliability.
  • With the growing importance of data protection, manufacturers are implementing advanced security features in SD cards. This might include encryption capabilities or write-protect functions to safeguard sensitive information.

Secure Digital Card: Competitive Landscape

Key companies profiled in the Secure Digital Card are SanDisk (Western Digital), Samsung Electronics, Kingston Technology, Sony Corporation, Lexar (Micron Technology), Toshiba Memory Corporation, PNY Technologies, Transcend Information, Inc., ADATA Technology, Delkin Devices and others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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Mr. Venkat Reddy

IndustryARC

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