At the end of 2019, IC Insights predicted the NAND flash market will grow by 19% this year, the largest among 33 integrated circuit products. Development in 5G technologies, AI and virtual reality all contribute to the anticipated growth.
After NAND, auto special-purpose IC is expected to grow 13%. DRAM, comes in third with a 12% anticipated growth.
Following a sluggish 2019, the NAND flash memory market is rebounding quicker than the DRAM market, according to a Q4 earnings call with Samsung. The average selling price for DRAM fell, while NAND increased slightly. According to Samsung, it’s too early to determine if the DRAM market is in a demand upcycle—that’s likely to be determined mid-year.