Middle East and Africa NOR Flash Market to Expand at a Healthy CAGR of 14.6% through 2028 | Dialog Semiconductor, GigaDevice, Micron Technology, Inc

The Middle East and Africa NOR flash market is expected to reach US$ 385.0 million by 2028 from US$ 148.3 million in 2021; it is estimated to grow at a CAGR of 14.6% from 2021 to 2028.

NOR flash memory is a non-volatile electronic storage memory that can be electrically deleted and reprogrammed. The growing demand for NOR flash in applications where individual bytes of data need to be written and read and random access and execute-in-place access are required is anticipated to boost the growth of the market. NOR flash provides advantageous features such as capacities in the megabits and low gigabits range. High reliability and data integrity features provided by the NOR flash have led to an increased customer base for this type of flash memory over the years.

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The market growth is attributed to factors such as the growing digitalization and emergence of data-centric applications and rising penetration of internet of things (IoT) to accelerate demand for NOR flash across the region. However, the availability of substitutes for NOR flash hampers the growth of the market.

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Major Key players covered in this report:

• Cypress Semiconductor Corporation
• Integrated Silicon Solution Inc.
• Micron Technology, Inc
• WINBOND ELECTRONICS CORPORAITON
• Microchip Technologies, Inc.
• Macronix International Co., Ltd
• Dialog Semiconductor
• GigaDevice

MIDDLE EAST AND AFRICA NOR FLASH MARKET SEGMENTATION

By Type

Serial NOR Flash
Parallel NOR Flash

By Density

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

By Application

Industrial
Telecommunication
Networking
Automotive
Smart Grid Space
Others

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