Press release
NOR Flash Market Size & Share - Industry Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "NOR Flash" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Every digital computing system requires non-volatile memory to retain the primary or necessary programs and data, permanently, in order to avoid data loss on occasions of power failure or system shutdown. This has led to the invention of non-volatile memories. NOR flash is a type of nonvolatile semiconductor memory widely used in electronic devices. The NOR flash memory was first introduced by Intel in 1988. In NOR flash memory, the individual memory cells are connected in parallel configuration, which enables fast random access to the content stored on the memory cells. NOR flash memory has been utilized for a long period of time for code storage and direct program execution in portable electronic devices such as mobile phones and personal digital assistants (PDAs). However, the advent of smartphones and usage of NAND flash has impacted the application of NOR flash memories.
Market Dynamics: Global NOR Flash Market
The NOR Flash market is primarily driven by the increased deliveries of embedded NOR flash in applications such as automotive, wireless, medical, and industrial applications. Incorporation of advanced features in automobiles such as advance driver assistance systems (ADAS) , automatic cruse controller, and internet of things (IoT) compatibilities is featuring addition of on board processors and controllers (microcontrollers or CPUs). In conjunction with the same, NOR flash memories which are used in these controllers for code storage, and similar functions are also witnessing an increase in demand in the market. As a result of these factors, expansion of the automotive electronics market is anticipated to boost the NOR flash market during the forecast period. However, increasing adoption of NAND flash and development of high-tech NAND flash such as 3D NAND flash are expected to restrain the NOR flash memories market in the near future.
Market Segmentation: Global NOR Flash Market
The global NOR flash market has been segmented based on type, end-use industry, and region. Based on type, the NOR flash market can be classified into serial NOR flash, and parallel NOR flash. Based on end-use industry, the market can be segmented into IT and Telecommunication, automotive, defense and aerospace, consumer electronics, and others. The consumer electronics segment of the NOR flash market can be further sub-segmented into smartphones, tablets, smart TVs, and laptops. In terms of region, the global NOR Flash market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Preliminary Analysis
North America is anticipated to a significant share of the global NOR flash market due to the presence of leading NOR flash manufacturers, for instance Cypress Semiconductor Corporation and Micron Technology, Inc., in this region. The market in Asia Pacific is anticipated to expand at a rapid pace owing to the expansion of application industry verticals such as consumer electronics, automotive, and IT and telecommunication, in emerging economies such as India and China, in the region. Moreover, amongst the type of NOR flash memory, the serial NOR flash segment is anticipated to witness prominent growth due to the incorporation of serial peripheral interface (SIP) for increased operational speed.
Prominent Market Players
Key players operating in the global NOR flash market include Cypress Semiconductor Corporation, Micron Technology, Inc., GigaDevice Semiconductor (Beijing) Inc., Macronix International Co., Ltd., Winbond, Toshiba Electronic Devices & Storage Corp. and Toshiba Memory Corp., Intel Corporation, SAMSUNG, Seagate Technology LLC, SK HYNIX INC., LAPIS Semiconductor Co., Ltd., Integrated Silicon Solution Inc., Eon Silicon Solution Inc. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global NOR flash market over the period of study.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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