The world-wide flash card market is poised for strong revenue growth in 2003 according to new research from US-based Gartner.
It is forecast to reach $2.75 billion in 2003, a 38% increase over 2002. In 2002, worldwide flash card revenue totaled $1.99 billion.
Unfortunately, the flash card industry continues to offer a variety of formats, most which are incompatible with each other. Adding to the confusion is further fragmentation within some formats.
However, Joseph Unsworth, industry analyst for Gartner’s semiconductor group, says that the SD Card and Memory Stick (MS) are forecast to be the dominant flash card formats. He predicts that these formats will capture a combined revenue share of 65% by 2007 because of their strong industry support.
Applications such as digital still cameras, will continue to provide the majority of ‘megabyte consumption’ in the short term. Future applications, such as mobile phones and digital video cameras, however, are expected to drive the growth in the market from 2002 through 2007.