Europe 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)
Market Introduction
NOR flash memory is a non-volatile electronic storage memory that can be electrically deleted and reprogrammed. The growing demand for NOR flash in applications where individual bytes of data need to be written and read and random access and execute-in-place access are required is anticipated to boost the growth of the market. NOR flash provides advantageous features such as capacities in the megabits and low gigabits range. High reliability and data integrity features provided by the NOR flash have led to an increased customer base for this type of flash memory over the years.
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Market Overview and Dynamics
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 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 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.
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.
Key Market Segments
Based on type, the Europe NOR flash market is bifurcated into serial NOR flash and parallel NOR flash. In 2021, the serial NOR flash segment led the market, and the same segment is expected to account a larger share of the market during 2021–2028.
Based on density, the Europe NOR flash market is segmented into less than 250Mb, 250Mb–1Gb, and more than 1Gb. In 2021, the less than 250mb segment held the largest share of the market. Also, the market for the same segment is expected to grow at the fastest rate during the coming years.
Based on application, the Europe NOR flash market is segmented into industrial, telecommunication, networking, automotive, smart grid space, and others. The industrial segment led the market in 2021, and the same segment is expected to account the largest share of the market during 2021–2028.
Major Sources and Companies Listed
A few of the primary and secondary sources referred to while preparing the report on the Europe NOR flash market are the European Semiconductor Industry Association (ESIA) and Cypress Semiconductor Corporation.
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of Europe NOR flash market over the next years.
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- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the Europe NOR flash market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Europe NOR flash market.
EUROPE NOR FLASH 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
- Italy
- Spain
- 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
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 NOR Flash Market – By Type
1.3.2 NOR Flash Market – By Density
1.3.3 NOR Flash Market – By Application
1.3.4 NOR Flash Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NOR Flash Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe PEST Analysis
4.3 Expert Opinion
5. NOR Flash Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for Advanced Features
5.1.2 Growing Digitalization and Emergence of Data-Centric Applications
5.2 Market Restraints
5.2.1 Availability of Substitutes
5.3 Market Opportunities
5.3.1 Growing Role of NOR Flash in Automotive Design
5.4 Future Trends
5.4.1 Rising Penetration of Internet of Things (IoT) to Accelerate Demand for NOR Flash
5.5 Impact Analysis of Drivers and Restraints
6. NOR Flash Market –Europe Analysis
6.1 NOR Flash Market Europe Overview
6.2 NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
7. NOR Flash Market Analysis – By Type
7.1 Overview
7.2 NOR Flash Market, By Type (2020 and 2028)
7.3 Serial NOR Flash
7.3.1 Overview
7.3.2 Serial NOR Flash: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Parallel NOR Flash
7.4.1 Overview
7.4.2 Parallel NOR Flash: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
8. NOR Flash Market Analysis – By Density
8.1 Overview
8.2 NOR Flash Market, By Density (2020 and 2028)
8.3 Less than 250Mb
8.3.1 Overview
8.3.2 Less than 250Mb: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
8.4Mb-1Gb
8.4.1 Overview
8.4.2Mb-1Gb: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
8.5 More than 1Gb
8.5.1 Overview
8.5.2 More than 1Gb: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
9. NOR Flash Market Analysis – By Application
9.1 Overview
9.2 NOR Flash Market Breakdown, by Application, 2020 & 2028
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial Market Revenue and Forecast to 2028 (US$ Million)
9.4 Telecommunication
9.4.1 Overview
9.4.2 Telecommunication Market Revenue and Forecast to 2028 (US$ Million)
9.5 Networking
9.5.1 Overview
9.5.2 Networking Market Revenue and Forecast to 2028 (US$ Million)
9.6 Automotive
9.6.1 Automotive Market Revenue and Forecast to 2028 (US$ Million)
9.7 Smart Grid Space
9.7.1 Overview
9.7.2 Smart Grid Space Market Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. NOR Flash Market –Europe Analysis
10.1 Europe: NOR Flash Market
10.1.1 Europe: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 Europe: NOR Flash Market, by Type
10.1.3 Europe: NOR Flash Market, by Density
10.1.4 Europe: NOR Flash Market, by Application
10.1.5 Europe: NOR Flash Market, by Key Country
10.1.5.1 France: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 France: NOR Flash Market, by Type
10.1.5.1.2 France: NOR Flash Market, by Density
10.1.5.1.3 France: NOR Flash Market, by Application
10.1.5.2 Germany: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Germany: NOR Flash Market, by Type
10.1.5.2.2 Germany: NOR Flash Market, by Density
10.1.5.2.3 Germany: NOR Flash Market, by Application
10.1.5.3 Italy: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Italy: NOR Flash Market, by Type
10.1.5.3.2 Italy: NOR Flash Market, by Density
10.1.5.3.3 Italy: NOR Flash Market, by Application
10.1.5.4 UK: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.4.1 UK: NOR Flash Market, by Type
10.1.5.4.2 UK: NOR Flash Market, by Density
10.1.5.4.3 UK: NOR Flash Market, by Application
10.1.5.5 Russia: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.5.1 Russia: NOR Flash Market, by Type
10.1.5.5.2 Russia: NOR Flash Market, by Density
10.1.5.5.3 Russia: NOR Flash Market, by Application
10.1.5.6 Rest of Europe: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.6.1 Rest of Europe: NOR Flash Market, by Type
10.1.5.6.2 Rest of Europe: NOR Flash Market, by Density
10.1.5.6.3 Rest of Europe: NOR Flash Market, by Application
11. NOR Flash Market - COVID-19 Impact Analysis
11.1 Europe
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 Cypress Semiconductor Corporation.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Integrated Silicon Solution Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Micron Technology, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 WINBOND ELECTRONICS CORPORAITON
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microchip Technologies, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Macronix International Co., Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Dialog Semiconductor
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 GigaDevice
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe: NOR Flash Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: NOR Flash Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe NOR Flash Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 5. France: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
LIST OF FIGURES
Figure 1. NOR Flash Market Segmentation
Figure 2. NOR Flash Market Segmentation – By Country
Figure 3. Europe NOR Flash Market Overview
Figure 4. Serial NOR Flash Segment Held the Largest Market Share Based on Type
Figure 5. Less than 250Mb Segment Held the Largest Market Share Based on Density
Figure 6. Industrial Segment Held the Largest Market Share Based on Application
Figure 7. Germany to Show Great Traction During Forecast Period
Figure 8. Europe – Pest Analysis
Figure 9. Expert Opinion
Figure 10. Europe NOR Flash Market: Impact Analysis of Drivers and Restraints
Figure 11. NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. NOR Flash Market Revenue Share, by Type (2020 and 2028)
Figure 13. Serial NOR Flash: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Parallel NOR Flash: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. NOR Flash Market Revenue Share, by Density (2020 and 2028)
Figure 16. Less than 250Mb: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17.Mb-1Gb: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. More than 1Gb: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. NOR Flash Market Breakdown, by Application (2020 and 2028)
Figure 20. Industrial Market Revenue and Forecast to 2028(US$ Million)
Figure 21. Telecommunication Market Revenue and Forecast to 2028(US$ Million)
Figure 22. Networking Market Revenue and Forecast to 2028(US$ Million)
Figure 23. Automotive Market Revenue and Forecast to 2028(US$ Million)
Figure 24. Smart Grid Space Market Revenue and Forecast to 2028(US$ Million)
Figure 25. Others Market Revenue and Forecast to 2028(US$ Million)
Figure 26. Europe: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: NOR Flash Market Revenue Share, by Type (2020 and 2028)
Figure 28. Europe: NOR Flash Market Revenue Share, by Density (2020 and 2028)
Figure 29. Europe: NOR Flash Market Revenue Share, by Application (2018 and 2027)
Figure 30. Europe: NOR Flash Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. France: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Germany: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Italy: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. UK: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Russia: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Europe: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Europe Country Markets
- Cypress Semiconductor Corporation
- Integrated Silicon Solution Inc.
- Micron Technology, Inc
- WINBOND ELECTRONICS CORPORAITON
- Microchip Technologies, Inc.
- Macronix International Co., Ltd
- Dialog Semiconductor
- GigaDevice
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