NAND flash revenue in two key applications – Solid State Drives (SSDs) and Video Capture from Digital Video Cameras (DVCs) – will see compound annual growth rates (CAGR) of over 100 per cent through 2012, according to In-Stat.
The analysts said this will overcome some of the weaknesses in other segments of the NAND flash market and drive overall growth to 30 per cent CAGR.
Jim McGregor, In-Stat analyst, said the top four applications for NAND flash will remain MP3 players and PMPs, mobile handsets, after-market cards, and USB Flash Drives.
He said they will command a combined market share of over 80 per cent over the next couple of years.
"This percentage will drop to about 70 per cent by 2012, as solid state drives (SSDs) and video capture from digital video cameras (DVCs), grow in mportance," he said.
Among the NAND Flash market share leaders, including Samsung, Toshiba and Hynix, all lost market share in 2007.
Smaller share competitors, Micron and Intel, each gained share.
The In-Stat report forecasts that worldwide NAND flash revenues are likely to grow at a compound annual growth rate (CAGR) of 29.7 per cent from 2007-2012 to reach USD $61 billion.
Worldwide NOR flash revenues will increase at a 6 per cent CAGR from 2007 through 2012.