Global NOR Flash Memory Market 2023-2029

Global NOR Flash Memory Market 2023-2029

NOR flash memory is different from other types of memory, such as DRAM and SRAM, because it retains its data even when the power is turned off. This makes it ideal for storing firmware and other types of data that need to be preserved between power cycles. NOR flash memory is also known for its fast read times, which make it suitable for use in devices that require quick access to data. However, it is relatively slow to erase and write data, which makes it less suitable for applications that require frequent updates. The global NOR flash memory market size is projected to grow by USD 1.5 billion from 2023 to 2029, registering a CAGR of 5.81 percent, according to the latest market data.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global NOR flash memory market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, density, end-user, and region. The global market for NOR flash memory can be segmented by type: serial nor flash, parallel nor flash. The serial nor flash segment captured the largest share of the market in 2022. NOR flash memory market is further segmented by density: 2 megabit and less-nor, 4 megabit and less-nor (>2mb) nor, 8 megabit and less (>4mb) nor, 16 megabit and less (>8mb) nor, 32 megabit and less (>16mb) nor, 64 megabit and less (>32mb) nor, other types. The other types segment held the largest share of the global NOR flash memory market in 2022 and is anticipated to hold its share during the forecast period. Based on end-user, the NOR flash memory market is segmented into: communication, consumer electronics, automotive, industrial, others. In 2022, the communication segment made up the largest share of revenue generated by the NOR flash memory market. On the basis of region, the NOR flash memory market also can be divided into: Americas, Europe, Japan, China, Rest of The World. Among these, Rest of The World was accounted for the highest revenue generator in 2022.

Market Segmentation

By type: serial nor flash, parallel nor flash

By density: 2 megabit and less-nor, 4 megabit and less-nor (>2mb) nor, 8 megabit and less (>4mb) nor, 16 megabit and less (>8mb) nor, 32 megabit and less (>16mb) nor, 64 megabit and less (>32mb) nor, other types

By end-user: communication, consumer electronics, automotive, industrial, others

By region: Americas, Europe, Japan, China, Rest of The World

The global NOR flash memory market report offers detailed information on several market vendors, including Infineon Technologies AG, Elite Semiconductor Microelectronics Technology Inc., GigaDevice Semiconductor Inc., Integrated Silicon Solution Inc., Macronix International Co., Ltd., Microchip Technology Inc., Micron Technology Inc., Renesas Electronics Corporation, Winbond Electronics Corporation, Wuhan Xinxin Semiconductor Manufacturing Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.



Scope of the Report

• To analyze and forecast the market size of the global NOR flash memory market.
• To classify and forecast the global NOR flash memory market based on type, density, end-user, region.
• To identify drivers and challenges for the global NOR flash memory market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global NOR flash memory market.
• To identify and analyze the profile of leading players operating in the global NOR flash memory market.

• Gain a reliable outlook of the global NOR flash memory market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.