Global NOR Flash Market 2016-2020

Below are some of the key findings from the NOR flash market analysis

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Global NOR flash market overview

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. 

NOR flash market segmentation and analysis by end-user

• Consumer electronics sector
• Communication sector
• Computing sector
• Automotive sector

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.

NOR flash market segmentation and analysis by geography

• Americas
• APAC
• EMEA

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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Top NOR flash market players

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 -

• Cypress Semiconductor
• Gigadevice Semiconductor
• Macronix International
• Micron Technology
• Winbond

The other prominent vendors in the NOR Flash market are AMIC Technology, Eon Silicon, FIDELEX, ISSI, Microchip, Microsemi, Samsung Electronics, and STMicroelectronics.

Key questions answered in the report include

• What will the market size, market forecast, and the growth rate be in 2020?
• What are the key factors driving the NOR flash market?
• What are the key market trends impacting the growth of the NOR flash market?
• What are the challenges to market growth?
• Who are the key vendors in the NOR flash market?
• What are the market opportunities and threats faced by the vendors in the NOR flash market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the NOR flash market?

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