The application could not be installed: INSTALL_FAILED_INSUFFICIENT_STORAGE

Android Studio error

Installation did not succeed.
The application could not be installed: INSTALL_FAILED_INSUFFICIENT_STORAGE

List of apks:
[0] '../android/app/build/intermediates/apk/debug/app-debug.apk'
The device needs more free storage to install the application (extra space is needed in addition to APK size).
Retry
Failed to launch an application on all devices

Steps to add more memory:

1. Open the AVD Manager
2. Click Edit Icon to edit the AVD
3. Click Show Advanced settings
4. Change the Internal Storage, Ram, SD Card size as necessary
5. Click Finish
6. After increasing the size, if it doesn't automatically ask you to wipe data, you can do it manually by opening the AVD's pull-down menu and choosing Wipe Data

Tools

Ionic CLI                     : 6.20.1 (/usr/local/lib/node_modules/@ionic/cli)
   Ionic Framework               : @ionic/angular 6.2.0
   @angular-devkit/build-angular : 14.1.0
   @angular-devkit/schematics    : 14.1.0
   @angular/cli                  : 14.1.0
   @ionic/angular-toolkit        : 7.0.0

Capacitor:

   Capacitor CLI      : 4.0.1
   @capacitor/android : 4.0.1
   @capacitor/core    : 4.0.1
   @capacitor/ios     : 4.0.1

Cordova:

   Cordova CLI       : 11.0.0
   Cordova Platforms : android 11.0.0, ios 6.2.0
   Cordova Plugins   : cordova-plugin-ionic-keyboard 2.2.0, cordova-plugin-ionic-webview 5.0.0, (and 6 other plugins)

Utility:

   cordova-res : 0.15.4
   native-run  : 1.6.0

System:

   ios-deploy : 1.12.0
   ios-sim    : 8.0.2
   NodeJS     : v18.7.0 (/usr/local/Cellar/node/18.7.0/bin/node)
   npm        : 8.15.0
   OS         : macOS Big Sur
   Xcode      : Xcode 13.2.1 Build version 13C100