Serial NOR Flash Market Challenges, Key Vendors, Drivers, Trends and Forecast to 2027


Market Overview

Global Serial NOR Flash Market is set to exhibit a compound annual growth rate of 4.8% finds Market Research Future (MRFR’s) latest study. Over the years, serial NOR flash has undergone massive transformation, leading to increased memory size and physical interface options. It is used in computation and data storage applications. A number of end-use electronic products such as AMOLED panels, touch screens and display controllers comprise serial nor flash industry. Rapid urbanization and technological advances can be linked with the exponential growth of the user base of consumer electronics worldwide. Demand for portable electronic devices which are light-weight and have a stable memory is one the rise. Such devices are purpose-built and are used on a daily basis.

Serial NOR has emerged as an apt alternative to parallel NOR, owing to higher pin-count, space efficiency, system cost, reduced chip cost, and enhanced performance. Growing number of consumer electronics with AMOLED panels, the rise in demand for touch and display integration (TDDI) chips and use of serial NOR chip in IoT-related components are some of the key factors fueling the demand for serial NOR flash. As technology trends such as industrial automation and artificial intelligence pick up steam, new avenues are likely to emerge for serial NOR flash.

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Global Serial NOR Flash Market – Segments

The report is segmented into three dynamics;

By Type                 : 1 MB, 4 MB, 8 MB, 32 MB, and others [high-density serial NOR memory (above 32 MB)].

By Application: Consumer Electronics, IT, Communication, Automotive, Industrial, and others.

By Regions          : North America, Europe, APAC and Rest of the World.

Global Serial NOR Flash Market: Regional Outlook

Regions covered in the report are North America, Europe, China, Japan, South Korea and Rest of the World (RoW). In terms of value, China accounted for 34.32% share of the global market in 2017. The market in China is currently valued at USD 300 million and expected to surge at a CAGR of 5.8% during the forecast period. In recent years, there has been a sharp rise in demand for and supply of serial NOR flash in China and the trend is likely to continue over the next several years. Moreover, China has emerged as a prominent supplier of serial NOR flash to verticals such as electronic appliance manufacturing and automobile manufacturing. The country also represents a massive consumer base, making it an important investment destination for market players. Factors such as strong government backing and increased investment is electronics manufacturing are also supporting the global serial nor flash market growth in China. North America is the second largest market for serial NOR flash. The market in North America was valued at USD 185.5 million in 2017 and is projected to exhibit a CAGR of 4.4% during the forecast period. The region is home to a number of leading serial NOR flash manufacturers such as Cypress Semiconductor Corporation, Micron Technology, Inc. and Integrated Silicon Solution Inc. This puts the North America serial NOR flash market at an advantageous position.

Global Serial NOR Flash Market: Competitive Landscape

MRFR’s study includes a competitive landscape, which covers companies such as Cypress Semiconductor Corporation, Winbond Electronics Corporation, GigaDevice Semiconductor Inc., Macronix International Co., Ltd, Integrated Silicon Solution Inc., Microchip Technology, Inc. and Elite Semiconductor Memory Technology Inc.

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Market Players

Players leading the serial NOR flash market include Intel Corporation, ASE Group, TDK Corporation, Jiangsu Changjiang Electronics Technology Co. Ltd., Amkor Technology, Vicor Corporation, ON Semiconductor, Panasonic Corporation, Bel Fuse Inc., and Texas Instruments Incorporated, among others.

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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