The Asia Pacific NOR flash market is expected to reach US$ 2,487.9 million by 2028 from US$ 913.6 million in 2021; it is estimated to grow at a CAGR of 15.4% from 2021 to 2028.
The market growth is attributed to factors such as growing digitalization and emergence of data-centric applications and rising role of NOR flash in automotive design. However, the availability of substitutes for NOR flash hampers the growth of the NOR flash market
Recently, electric vehicles have found profound attraction in the end-user circles, coupled with the boost from governmental authorities, owing to the environment-friendly nature of these cars. Trends such as advanced driver assistant systems (ADAS), infotainment systems, and car telematics have been trending in the automotive industry for quite some time now. The success of these trends is entirely attributed to the sophistication and technological advancements in the semiconductor industry. Furthermore, NOR flash is emerging as a replacement for EEPROM (electronically erasable programmable read-only memory) in many applications, owing to its programmability characteristics. It finds new uses in areas that require quick, non-volatile memory, such as communications, industrial, and automotive. The automotive sector is receiving a lot of attention as a result of the development of autonomous vehicles. For instance, Macronix International, which bills itself as the world's leading supplier of NOR flash, is ranked third in the automobile category. Furthermore, the trends such as car telematics and easy-to-use and interactive infotainment systems are emerging at rapid rates and being developed with a focus on driver and passenger safety. Also, the implementation of other safety features has resulted in a reduced number of car accidents, as well as fatalities, in the last decade. Vehicles of today come with increased computing power, owing to the rising integration of electronic components into the vehicles. The rising demand for autonomous cars, is anticipated to contribute to the demand for NOR flash memories. Furthermore, the penetration of connected cars is grounded upon the innovative safety factor, which includes ADAS, head-up display (HUD) System, and many other technologies. For effective implementation and functioning of the advanced connected car technologies, the manufacturers would require a memory technology that would not only support the advanced technologies but also is flexible with fluctuating data rates. In the coming years, the adoption of next-generation infotainment systems and ADAS would be integrating the DRAM (Dynamic random-access memory) memory technologies that would have much higher performance and low power consumption capabilities. At present, the penetration of automated cars is moderately low, which is projected to spur in the coming years. The growth in demand for autonomous cars is suspected to be primarily driven by the increasing incidence of fatal car crashes, which are expected to be reduced by the use of super-intelligent automated cars in the coming years. Therefore, the higher demand for autonomous vehicles is expected to increase the need for NOR flash memories in the future.
The COVID-19 outbreak was emerged in China, and adversely affected several neighboring countries such as South Korea and India. Countries such as China, India, South Korea, and Japan are moving toward new networking solutions such as 5G, 4G, and VoLTE. China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown but soon recovered the development by enhancing the production capabilities in the second half of the year. The demand for advanced electronics such as a smartwatch, smart wearables, and healthcare machines has risen significantly. Also, companies in Asia have restructured their capabilities by adopting various strategies such as automation, partnership, and acquisition. Furthermore, the production of NOR flash vendors in APAC was not severely affected by the outbreak. This is due to the fact that the plants are highly automated and have low manpower requirements, and the operators also stockpiled up on raw supplies.

- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
ASIA PACIFIC DUAL CLUTCH TRANSMISSION 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
By Country
- India
- China
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Company Profiles
- Cypress Semiconductor Corporation
- Integrated Silicon Solution Inc.
- Micron Technology, Inc
- WINBOND ELECTRONICS CORPORAITON
- Microchip Technologies, Inc.
- Macronix International Co., Ltd
- Dialog Semiconductor
- GigaDevice
- Elite Semiconductor Microelectronics Technology Inc.
- JSC.
Asia Pacific NOR Flash Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 913.6 Million |
Market Size by 2028 | US$ 2,487.9 Million |
Global CAGR (2021 - 2028) | 15.4% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset


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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
This text is related
to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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to country scope.
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- Cypress Semiconductor Corporation
- Integrated Silicon Solution Inc.
- Micron Technology, Inc
- WINBOND ELECTRONICS CORPORAITON
- Microchip Technologies, Inc.
- Macronix International Co., Ltd
- Dialog Semiconductor
- GigaDevice
- Elite Semiconductor Microelectronics Technology Inc.
- JSC.