Europe NOR Flash Market Key Companies and SWOT Analysis by 2028

The Europe NOR flash market is expected to reach US$ 1,353.5 million by 2028 from US$ 568.0 million in 2021; it is likely to grow at a CAGR of 13.2% from 2021 to 2028.

The rapidly increasing data-centric applications of NOR flash memories in numerous industry verticals worldwide, coupled with the burgeoning prominence of mobile devices and connected technology, is expected to offer an increase in demand for NOR flash memories. Furthermore, high-performance NOR flash technologies enable the simplification of the memory hierarchy, which can be used for incorporating non-volatility in logic circuits, resulting in a new application for NOR flash memories in hardware security and neuromorphic computing. In addition, non-volatile memories were also recently used for the development of 3D stackable memory architecture. The rising demand from the IT companies for making a computer's system further secured and enhancing its efficiency is expected to drive innovative applications of NOR flash memories. The trend is subsequently anticipated to encourage the NOR flash market growth during the forecast period. The vision for the Internet of things (IoT) industry-wide foresees the installation of an abundance of connected devices into the global network. Such unprecedented growth in the installation of connected devices has resulted in a critical memory challenge for the IoT, which is being addressed by innovative memory technologies. NOR flash memory delivers quick random readings and long-term dependability, making it suited for automotive, medical, and portable consumer devices as mobility and IoT grow. Besides, the demand for NOR flash memories in the IoT market will be escalated by the rising need for interoperability to support the multiple protocol stack for fulfilling the lack of worldwide adopted IoT connectivity standards. Moreover, the expectations placed on NOR flash are similar to those placed on other IoT devices – low cost, low power consumption, small size, high reliability, performance, and security. The W25Q SpiFlash Multi-I/O Memories from Winbond meet all of the above criteria, notably in terms of reliability and performance. The popular serial peripheral interface (SPI) is used in the W25Q family, with densities ranging from 512 Kb to 512 Mb, compact erasable sectors, and the best performance in the market.

Due to increased number of COVID-19 cases, Europe witnessed a sluggish growth in the NOR flash market in the first half of 2020. The semiconductor industry took a significant hit as the demand for electronic components was lowered from industrial sector and end users. Countries such as Russia, France, Spain, and the UK had a major count of COVID-19 cases. The semiconductor industry in Europe resumes growth at a slower rate compared to other markets, such as Asia and the US. The demand from industrial and automotive electronics has witnessed a substantial hit than consumer electronics due to the impact of COVID-19 pandemic. Post lockdown, the market has witnessed healthy growth rate owing to the increasing demand for advanced electronics devices to restart the facilities, operations, commercial places, and transportation.

EUROPE 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

• Germany
• Russia
• Italy
• France
• UK
• Rest of Europe

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

Europe NOR Flash Report Scope