NOR Flash Market is anticipated to progress at a CAGR of 5.79% from 2023 to 2030, Data By Contrive Datum Insights


<!– Name:DistributionId Value:8781038 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:5500 –> <!– Name:CustomerId Value:1267475 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:d1c74777-da2c-46b9-9a45-725a6c5b1021 –>

Farmington, March 03, 2023 (GLOBE NEWSWIRE) — The global NOR flash memory market is estimated at USD 28.7682 Million in 2022 and is projected to register a CAGR of 5.79% during the forecast period 2022-2030. NOR flash memory is a type of non-volatile electronic computer memory that can be erased and changed with electricity. The market is growing because there is a growing need for NOR flash in applications that need to write and read single bytes of data and need random access and execution location access. The main thing about NOR flash devices is that they can store between a few hundred megabits and a few hundred gigabits. NOR flash memory has also gained more customers over the years because of how reliable it is and how well it keeps data.

Request Sample Copy of Report “NOR Flash Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

The NOR flash market is growing because more and more people want consumer electronics and communication devices, and more and more electronics are being used in automotive and industrial uses. Additionally, applications of NOR flash memory are increasing in technologies such as Internet of Things (IoT), Active Matrix Organic Light-Emitting Diodes (AMOLEDs), and Liquid Crystal Displays (LCDs), as well as automotive, industrial and medical applications. ) will lead the market over the forecast period.

NOR Flash Market Recent Developments:

  • September 2022—Wuhan Xinxin Semiconductor Manufacturing Co., Ltd. (hereinafter referred to as Xinxin), one of the leading NOR suppliers, launched XNOR-XM25LU128C, an ultra-small size, low-power SPI NOR Flash product, widely used in Vietnam Smaller and smaller IoT and wearable devices.
  • August 2022 – Micron announces plans to invest $40 billion in multiple phases by the end of the decade to create cutting-edge memory manufacturing in the United States. This investment is expected to enable the world’s most advanced memory manufacturing in the United States. Micron expects to start manufacturing in the second half of this century, gradually increasing overall supply based on industry demand trends.
  • August 2022 – Macronix International Limited, one of the leading integrated device manufacturers in the non-volatile memory (NVM) market, announces that its eight-flash memory MX66UW1G45GXDI00 provides critical flash memory for Renesas Electronics’ development platforms. Designers can develop advanced products by taking advantage of Macronix’s high-speed flash memory and Renesas’ latest cost-effective RZ/A3UL microprocessor (MPU) available on the new evaluation board. This cooperation will benefit the company’s future growth in the NOR Flash business.

NOR Flash Market Segmentation Analysis:

Since more code and data must be stored, the number of industrial applications employing NOR flash memory is increasing. Developers of electronic devices seek embedded memory options with a high storage capacity and a low price per gigabit. This is increasing the demand for built-in serial NOR flash memory. Numerous industrial devices, including security systems, military systems, and retail management products, utilize NOR flash memory to store data. Industrial manufacturers are exerting significant effort to implement IIoT in their factories so they can control the machinery there. This technology enables businesses to remotely monitor each machine during production. Internet of Things (IoT) and artificial intelligence (AI) are gaining prominence, thereby increasing the demand for intelligent processors and devices.

Regional Outlook:

China buys the most electronics of any country in the world. Several recent steps have also been taken in the business to boost production. For example, the Chinese government said in January 2021 that it wanted to grow the home market for electronic components to RMB 2.1 trillion (327 billion USD) by 2023. Also, the area is home to some of the biggest market players, like GigaDevice. China is one of the most hopeful places for the market because of all of these things. The area that was looked at is growing by NOR Many digital goods use flash memory to store the information about how they are set up. China’s electronics business is one of the biggest and has made a big difference in the country’s overall economic growth.

Buy this Premium Research [email protected]

Scope of Report:

Report Attributes Details
Growth Rate 5.79% from 2023 to 2030
Market Size in 2022 USD 28.7682 Million
By Type
  • Serial NOR Flash
  • Parallel NOR Flash
By Density
  • Less than 250Mb
  • 250Mb-1Gb
  • More than 1Gb
By Applications
  • Telecommunication
  • Networking, Industrial
  • Automotive
  • Smart Grid Space
By Companies Cypress Semiconductor Corporation, Integrated Silicon Solution Inc., Micron Technology, Inc., Winbond Electronics Corporation, Microchip Technologies, Inc., Macronix International Co., Ltd, JSC, Elite Semiconductor Microelectronics Technology Inc., Dialog Semiconductor, GigaDevice, and Others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Market Growth:

The rapid development of technology and the enormous amount of data being generated have significantly increased the demand for flash memory solutions that can readily manage large amounts of data. NOR flash memory satisfies nearly all of the requirements of the end user because it can be read and operates more rapidly than other memory technologies. NOR flash memory is one of two storage types that retain data when the power runs out. It is most frequently used in programs that must write and retrieve single bytes. Additionally, it is utilized in random access and execute-in-place access. The market for consumer electronics is expanding rapidly in both developed and developing nations.

NOR Flash Market Key Segments Covered:

Top Market Players:
Cypress Semiconductor Corporation, Integrated Silicon Solution Inc., Micron Technology, Inc., Winbond Electronics Corporation, Microchip Technologies, Inc., Macronix International Co., Ltd, JSC, Elite Semiconductor Microelectronics Technology Inc., Dialog Semiconductor, GigaDevice, and Others.

On the Basis of Type:

  • Serial NOR Flash
  • Parallel NOR Flash

On the Basis of Density

  • Less than 250Mb
  • 250Mb-1Gb
  • More than 1Gb

On the Basis of Application:

  • Telecommunication
  • Networking, Industrial
  • Automotive
  • Smart Grid Space

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • Aviation Actuator System Market – The Global Aviation Actuator System Market Is Projected To Grow From USD 2.02 Billion In 2018 To USD 3.06 Billion By 2030, At A CAGR Of 5.24% From 2022 To 2030. Emerging countries such as China, India, and Brazil are expected to create new growth opportunities for prominent players operating in the market. For instance, according to the Commercial Aircraft Corporation of China, Ltd. in September 2019, the Chinese market is expected to witness strong demand for commercial aircraft over the next 20 years. 
  • Electronic Access Control System (EACS) Market – The Global Electronic Access Control Systems (EACS) Market Was Estimated At USD 9.9 Billion In 2022 And Is Projected To Reach A Revised USD 22.4 Billion By 2029, Growing At A CAGR Of 12.4% During The Analysis Period 2022-2030. North America is expected to hold the largest market share during the forecast period due to rising terrorist threats and security concerns, which are the major factors driving the growth of the EACS industry in the region.
  • Industrial Control System (ICS) Security Market – The Global Industrial Control Systems (ICS) Security Market size surpassed USD 5 Billion in 2022 and is poised register 20.0% CAGR from 2022 to 2030. North America dominates the industrial control system (ICS) security market due to the prevalence of improved infrastructure and adoption of advanced technologies in the region.
  • Flight Information Display Systems (FIDS) Market The Global Flight Information Display Systems (FIDS) Market Is Expected To Grow At A CAGR Of 7.5% From 2022 To 2030. North America dominated the global flight information display system market in terms of revenue share of over 35.0%. This growth can be attributed to the presence of many airlines and airports using FIDS, high adoption rates, and increasing demand for technologically advanced products.

Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on [email protected] or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

Social: Facebook / LinkedIn / Twitter

Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +
91 9834816757 | +1 2152974078
[email protected]

Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports