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.
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 NOR flash market
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.
South Africa recorded the highest number of COVID-19 cases in the Middle East and Africa, followed by Saudi Arabia and the UAE. The manufacturing sector in the region witnessed a severe impact of the COVID-19 pandemic due to business shutdown and lockdown. However, post lockdown, semiconductor industry started to regain the market share as production facilities restarted the operation by taking social distancing measures. The Middle East & Africa has a smaller number of companies operating or offering market-specific solutions. Countries such as the UAE and South Africa are adopting advanced electronics, such as smartphones, smart wearables, and IoT connected devices. Increasing focus of governments on industrialization is supposed to drive the market growth in Middle Eastern countries during the forecast period.

- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MIDDLE EAST AND AFRICA 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
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
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
Middle East and Africa NOR Flash Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 148.3 Million |
Market Size by 2028 | US$ 385.0 Million |
Global CAGR (2021 - 2028) | 14.6% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
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



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
This text is related
to country scope.
Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..
- Cypress Semiconductor Corporation
- Integrated Silicon Solution Inc.
- Micron Technology, Inc
- WINBOND ELECTRONICS CORPORAITON
- Microchip Technologies, Inc.
- Macronix International Co., Ltd
- Dialog Semiconductor
- GigaDevice