NOR Flash Memory Market: By Type (Serial NOR Flash, Parallel NOR Flash), By Industry Vertical (Telecommunication, Consumer Electronics, Automotive & Transportation, Manufacturing, Energy & Power, Others) and Geography

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NOR Flash Memory Market size is expected to be valued at USD 2,347.8 million in 2022 and is poised to grow at a CAGR of 15.4% from 2023-2029. Flash memory is an electronic non-volatile computer storing memory that can be electrically reprogrammed and deleted. The two key kinds of flash memory are called the logic gates of NOR and NAND. Interpretation from NOR flash is similar to understanding from random-access memory if the correct mapping of the data bus and address is achieved. For this, most microprocessors use NOR flash memory as an implement instead of (XIP) memory. It indicates that programs stored in NOR flash can be performed directly from the NOR flash instead of first being copied to RAM. The necessity for high-speed, highly scalable, and low-power-consuming memory devices can lead to the NOR flash memory market growth. Moreover, the growing demand for non-volatile memory in connected devices and wearable and improved deliveries of embedded NOR flash in wireless, automotive, industrial, and medical applications are some primary factors that can boost the global NOR flash memory market. Apart from these, Technological advancements such as advanced driver assistance systems (ADAS), internet of things (IoT) connectivity, and automatic cruise controllers are constructed into automotive processors and controllers such as microcontrollers or CPUs on motherboards which can also accelerate the market in the future. The increasing demand for NOR flash memories which are utilized for code storage in the controllers can also drive the global market further. However, some factors such as the expansion of high technology NAND flash such as 3D NAND flash and the rise in acceptance of NAND flash can restrain the growth of the market.

Nor Flash Memory Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

15.4%

Largest Market

North America

Fastest Growing Market

Asia Pacific
NOR Flash Memory Market Dynamics

One of the major reasons for the global NOR flash memory market growth is the increasing demand for consumer electronics. There is an increasing demand for portable, lightweight, electronic devices with steady memory. Serial NOR has become a substitute for parallel NOR due to its higher pin count, space efficacy, decreased chip cost, system cost, and improved performance. Serial NOR flash is used in many electronic goods like AMOLED panels, display controllers, and touch screens. Moreover, the growing urbanization and technological development is expected to propel the growth of the market in the forecast period.

Nor Flash Memory Market Segmentation

By Product Type
  • Serial NOR Flash
  • Parallel NOR Flash
By industry vertical
  • Telecommunication
  • Consumer Electronics
  • Automotive & Transportation
  • Manufacturing
  • Energy & Power
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

The primary factors that drive the market are increasing demand for consumer electronics and communication devices and growing applications of electronics in the industrial and automotive sectors.

Arkema S.A., Cypress Semiconductor Corporation, Micron Technology, Inc., GigaDevice Semiconductor (Beijing) Inc., Macronix International Co., Ltd., Winbond, Toshiba Corp., Intel Corporation, SAMSUNG, and Seagate Technology LLC are the key players of the market.

The Asia Pacific is expected to grow in the forecast period of the NOR flash memory market.

Key Features of the Reports

  • The NOR flash memory market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
1. Executive Summary
2. NOR Flash Memory Market Introduction
2.1. Global NOR Flash Memory Market - Taxonomy
2.2. Global NOR Flash Memory Market -Definitions
2.2.1. By Type
2.2.2. By Industry Vertical
2.2.3. By Region
3. Global NOR Flash Memory Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global NOR Flash Memory Market Dynamic Factors - Impact Analysis
3.6. Global NOR Flash Memory Market - Competition Landscape
4. Global NOR Flash Memory Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global NOR Flash Memory Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
5.1. Serial NOR Flash
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Parallel NOR Flash
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global NOR Flash Memory Market, By Industry Vertical, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Telecommunication
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Consumer Electronics
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Automotive & Transportation
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Manufacturing
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Energy & Power
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global NOR Flash Memory Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global NOR Flash Memory Market - Opportunity Analysis Index, By Type, By Industry Vertical, and Region, 2023 - 2029
8. North America NOR Flash Memory Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Serial NOR Flash
8.1.2. Parallel NOR Flash
8.2. Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Telecommunication
8.2.2. Consumer Electronics
8.2.3. Automotive & Transportation
8.2.4. Manufacturing
8.2.5. Energy & Power
8.2.6. Others
8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America NOR Flash Memory Market - Opportunity Analysis Index, By Type, By Industry Vertical, and Country, 2023 - 2029
8.5. North America NOR Flash Memory Market Dynamics - Trends
9. Europe NOR Flash Memory Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Serial NOR Flash
9.1.2. Parallel NOR Flash
9.2. Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Telecommunication
9.2.2. Consumer Electronics
9.2.3. Automotive & Transportation
9.2.4. Manufacturing
9.2.5. Energy & Power
9.2.6. Others
9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe NOR Flash Memory Market - Opportunity Analysis Index, By Type, By Industry Vertical, and Country, 2023 - 2029
9.5. Europe NOR Flash Memory Market Dynamics - Trends
10. Asia-Pacific NOR Flash Memory Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Serial NOR Flash
10.1.2. Parallel NOR Flash
10.2. Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Telecommunication
10.2.2. Consumer Electronics
10.2.3. Automotive & Transportation
10.2.4. Manufacturing
10.2.5. Energy & Power
10.2.6. Others
10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific NOR Flash Memory Market - Opportunity Analysis Index, By Type, By Industry Vertical, and Country, 2023 - 2029
10.5. Asia-Pacific NOR Flash Memory Market Dynamics - Trends
11. Latin America NOR Flash Memory Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Serial NOR Flash
11.1.2. Parallel NOR Flash
11.2. Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Telecommunication
11.2.2. Consumer Electronics
11.2.3. Automotive & Transportation
11.2.4. Manufacturing
11.2.5. Energy & Power
11.2.6. Others
11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America NOR Flash Memory Market - Opportunity Analysis Index, By Type, By Industry Vertical, and Country, 2023 - 2029
11.5. Latin America NOR Flash Memory Market Dynamics - Trends
12. Middle East and Africa NOR Flash Memory Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Serial NOR Flash
12.1.2. Parallel NOR Flash
12.2. Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Telecommunication
12.2.2. Consumer Electronics
12.2.3. Automotive & Transportation
12.2.4. Manufacturing
12.2.5. Energy & Power
12.2.6. Others
12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA NOR Flash Memory Market - Opportunity Analysis Index, By Type, By Industry Vertical, and Country, 2023 - 2029
12.5. MEA NOR Flash Memory Market Dynamics - Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Arkema S.A.
13.2.2. Cypress Semiconductor Corporation
13.2.3. Micron Technology, Inc.
13.2.4. GigaDevice Semiconductor (Beijing) Inc.
13.2.5. Macronix International Co., Ltd.
13.2.6. Winbond
13.2.7. Toshiba Corp.
13.2.8. Intel Corporation
13.2.9. SAMSUNG
13.2.10. Seagate Technology LLC
14. Research Methodology
15. Key Assumptions and Acronyms
  • Arkema S.A.
  • Cypress Semiconductor Corporation
  • Micron Technology, Inc.
  • GigaDevice Semiconductor (Beijing) Inc.
  • Macronix International Co., Ltd.
  • Winbond
  • Toshiba Corp.
  • Intel Corporation
  • SAMSUNG
  • Seagate Technology LLC

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