The NOR Flash Memory Market For The Automotive Industry is expected to grow from USD 0.91 billion in 2024 to USD 1.64 billion by 2029, at a CAGR of 12.52% during the forecast period (2024-2029).
The NOR flash memory sectors are witnessing a rapid growth rate due to the demand growth in multiple applications, from infotainment to instrument clusters.
The NOR flash memory market for the automotive industry is semi-consolidated with the presence of significant players like Winbond Electronics Corporation, Macronix International Co. Ltd, Infineon Technologies AG, Micron Technology Inc., and Gigadevice Semiconductor Inc. Players in the market are adopting partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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