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Below are some of the key findings from the NOR flash market analysis
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The global NOR flash market analysis report predicts the market to grow at a CAGR of less than 1% by 2020. In recent years, the global automotive industry has adopted electronic components in automobiles at an explosive rate. The continuous transformation of the automobile industry towards vehicle automation has increased the need for electronic components like ICs, microprocessors, and sensors. These devices need reliable memory technologies to support the computation and data storage requirements of automotive systems. The need for a considerable amount of flash memory, very fast boost speed and the ability to perform efficiently in extreme temperature ranges make NOR flash the optimal choice for memory storage in automobiles. Since the production of automobiles is also expected to propel in the next few years, this rising memory requirement for vehicle automation is considered to be one of the major growth drivers for this market.
The growing application in IOT (Internet of Things) is considered to be one of the primary trends in this market. Since IOT is used to manage and monitor electronic devices from remote places, there is a constant need for sensor-enabled devices that need flash-based storage devices to store collected data. Owing to their benefits, there has been a recent increase in the adoption of IoT in different sectors, which will, in turn, increase the demand for this market.
During 2015, the consumer electronics segment dominated the market and accounted for almost 36% of the overall NOR flash market share. Features such as durability, the requirement of less space, and lesser power consumptions have made NOR flash memory a favorite among consumer electronics manufacturers. This demand will continue to exist, and this market analysis report predicts that this segment will dominate the market during the forecast period as well.
In this NOR flash market forecast report, analysts have estimated that APAC will dominate the NOR flash market during the forecast period and will account for almost 84% of the total market share by 2020. Factors such as the presence of numerous indigenous manufacturers and the estimated increase in demand for cell phones and other electronic products from APAC countries will contribute to the NOR flash market’s growth in the forthcoming years.
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This highly fragmented market has been evolving considerably to meet the demand for high performance and storage requirements. Since a number of manufacturers are constantly competing for a share of the flash technologies market, this NOR flash market will appear aggressively competitive in the coming years.
According to the NOR Flash market analysis report, the leading vendors in the market are -
The other prominent vendors in the NOR Flash market are AMIC Technology, Eon Silicon, FIDELEX, ISSI, Microchip, Microsemi, Samsung Electronics, and STMicroelectronics.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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