2024: A year in review for SD and microSD memory cards

The SD and microSD memory card market in 2024 is an interesting mix of challenges and opportunities. Let's take a closer look at what's happening in this space and why sales have been gradually declining. 

Market overview 

In 2024, the SD and microSD memory card market is seeing a slow but steady decline in sales. This trend has been ongoing for a few years now, but the market is still relevant, with many industries and applications relying on these memory cards for storage. 

Factors contributing to the decline 

Several factors are behind the decline in SD and microSD memory card sales: 

1. Smartphone evolution: Modern smartphones are a big reason for the decline. Many new smartphones don't have microSD slots anymore, as they come with larger internal storage. This means people don't need to buy external memory cards as much as they used to.
2. Alternative storage solutions: With the rise of cloud storage and external SSDs, people have more options for storing their data. These alternatives often offer more storage space and faster speeds, making them more appealing than traditional memory cards. 
3. Market saturation: The market for devices that use SD and microSD cards, like digital cameras and camcorders, has reached a point where there aren't many new buyers. As a result, the demand for memory cards has decreased. 
4. Price erosion: Prices for memory cards have been dropping, which makes it harder for manufacturers to make a profit. This has led to a reduction in production and sales. 

Positive outlook 

Despite the decline, there are still some bright spots. Industrial applications for SD and microSD cards are on the rise, with growing demand in fields like medical, automotive, and surveillance. The gaming industry also continues to rely on these memory cards for devices like the Nintendo Switch and Steam Deck, ensuring a steady demand. 

While the SD and microSD memory card market faces challenges, it remains an important part of the storage landscape. Understanding the factors behind this trend helps us appreciate the market's dynamics and the opportunities that still exist within it. 

To read more about Futuresource Consulting’s comprehensive coverage in this area, including their storage media quarterly HDD, SSD, and DRAM trackers please contact Imad at imad.sarwar@futuresource-hq.com.

Press Contact: Nicola Finn, Marketing Manager, Futuresource Consulting, nicola.finn@futuresource-hq.com