North America NOR Flash Market Growth Opportunities and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

North America NOR Flash Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Serial NOR Flash and Parallel NOR Flash), Application (Industrial, Telecommunication, Networking, Automotive, Smart Grid Space, and Others) and Density (Less than 250Mb, 250Mb-1Gb, and More than 1Gb)

Report Date : Nov 2021
Report Code : TIPRE00025764

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 110

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The North America NOR flash market is expected to reach US$ 1,643.6 million by 2028 from US$ 656.4 million in 2021; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.

The market growth is attributed to factors such as the growing digitalization and emergence of data-centric applications and rising technological advancements of NOR flash across the region. However, the availability of substitutes for NOR flash hampers the growth of the market.

The rapidly expanding technological development, coupled with the humongous production of data, has critically increased the demand for memories that are capable of handling large data efficiently. The NOR flash memory is something that fits into almost every demand from the end users. These types of memory technologies offer relatively exclusive benefits to the industry players as they deliver a far better-read performance and operate much faster than already existing memory technologies. NOR flash is most used in applications that require individual bytes of data to be written and read, and it is also used in random access and execute-in-place access techniques. The consumer electronics devices industry is witnessing immense growth in both developed and developing countries majorly due to advancements and smart features offered. Consumer electronics devices such as smartphones, tablets, PCs, TVs, washing machines, refrigerators, and music players, have become an integral part of people’s lives. All these devices are becoming smarter with the ongoing technological advancements and integration of the Internet of things (IoT) and artificial intelligence (AI). Furthermore, wearable devices account for one of the fastest-growing segments of the IoT-connected device industry. Advanced enterprises consider wearables as an exceptional opportunity for mobile technology that can drive greater efficiency, improve workflow, and enhance communication. Technological developments and the availability of smart features in consumer electronics devices are expected to fuel the demand for consumer electronic devices in the coming years. The consumer electronics industry, on the other hand, is undergoing some tectonic transformations right now. Handsets have already fallen behind in terms of growth and are unlikely to rebound on a global basis. Wearables, on the other hand, are rapidly overtaking the world. For instance, in June 2018, Cypress Semiconductor announced the launch of the Semper NOR flash memory family, which is geared for automotive and industrial applications and prioritizes safety and dependability. Thus, the growing demand for non-volatile memory in wearable and connected devices and high-speed, low-power, and highly scalable memory devices will boost the growth of the NOR flash market

North American market suffered a huge loss in the first half of 2020 owing to the high number of COVID-19 cases, specifically in the US. Post lockdown, the market witnessed increasing demand for digital devices. North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure support for high-speed internet services. The adoption of the 5G network is supposed to drive the market growth post lockdown. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. The COVID-19 pandemic has a temporary impact on this market as only the production and supply chain are halted. Production, supply chains, and demand for NOR flash memory will steadily improve as the situation improves. Cypress Semiconductor, for instance, has a NOR Flash memory solution for a fail-safe 5G network. The next generation of mobile internet connections is on the verge of becoming a reality. The 5G network will change lives by providing substantially higher transmission speeds and lower latency. Apart from allowing user to download high-definition movies to their phone in seconds, 5G networks will give much-needed additional bandwidth for Internet of Things (IoT) applications. Thus, the COVID-19 lockout would encourage businesses to consider modern NOR flash memory to improve efficiency.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NORTH AMERICA 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

US
Canada
Mexico

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

North America NOR Flash Report Scope

Report Attribute	Details
Market size in 2021	US$ 656.4 Million
Market Size by 2028	US$ 1,643.6 Million
Global CAGR (2021 - 2028)	14.0%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Serial NOR Flash and Parallel NOR Flash By Application Industrial Telecommunication Networking Automotive Smart Grid Space By Density Less than 250Mb 250Mb-1Gb More than 1Gb
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key 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

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America NOR Flash Market report deliverables?

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

North America NOR Flash Market Report Snapshots

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