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)
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 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.
Key Market Segments
Based on type, the North America 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 North America 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 North America 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 North America NOR flash market are the Cision US Inc. and The Semiconductor Industry Association (SIA).
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of North America 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.
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- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the North America NOR flash market.
NORTH AMERICA 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
- 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
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 North America 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 – North America Analysis
6.1 NOR Flash Market North America 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 – North America Analysis
10.1 North America: NOR Flash Market
10.1.1 North America: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 North America: NOR Flash Market, by Type
10.1.3 North America: NOR Flash Market, by Density
10.1.4 North America: NOR Flash Market, by Application
10.1.5 North America: NOR Flash Market, by Key Country
10.1.5.1 US: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 US: NOR Flash Market, by Type
10.1.5.1.2 US: NOR Flash Market, by Density
10.1.5.1.3 US: NOR Flash Market, by Application
10.1.5.2 Canada: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Canada: NOR Flash Market, by Type
10.1.5.2.2 Canada: NOR Flash Market, by Density
10.1.5.2.3 Canada: NOR Flash Market, by Application
10.1.5.3 Mexico: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Mexico: NOR Flash Market, by Type
10.1.5.3.2 Mexico: NOR Flash Market, by Density
10.1.5.3.3 Mexico: NOR Flash Market, by Application
11. NOR Flash Market - COVID-19 Impact Analysis
11.1 North America
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
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. North America: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America NOR Flash Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 5. US: NOR Flash Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: NOR Flash Market, by Density –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: NOR Flash Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: NOR Flash Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: NOR Flash Market, by Density – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: NOR Flash Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. NOR Flash Market Segmentation
Figure 2. NOR Flash Market Segmentation – By Country
Figure 3. North America 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. U.S to Show Great Traction During Forecast Period
Figure 8. North America – Pest Analysis
Figure 9. Expert Opinion
Figure 10. North America 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. North America: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: NOR Flash Market Revenue Share, by Type (2020 and 2028)
Figure 28. North America: NOR Flash Market Revenue Share, by Density (2020 and 2028)
Figure 29. North America: NOR Flash Market Revenue Share, by Application (2020 and 2028)
Figure 30. North America: NOR Flash Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. US: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: NOR Flash Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in North America 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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