Global Serial NOR Flash Market growing at a CAGR of 4.8% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Oct 2023
Key Market Overview
The Global Serial NOR Flash Market was valued at USD 1,208.82 Million in 2022, projected to grow by USD 1,239.35 Million in 2023, and is expected to register a compound annual growth rate of 4.8% to reach USD 1,809.88 Million in 2031.
The report highlights the increasing adoption of serial NOR flash in consumer electronics, automotive, medical, and other sectors. Consegic Business Intelligence provides an inclusive research report on the serial NOR flash market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Serial NOR Flash Market By Overview
The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of 32 Mb serial NOR flash memory in automotive, medical devices, and other related applications. Moreover, the rising deployment of 64 Mb serial NOR flash in automotive, telecommunication, and industrial applications is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of serial NOR flash in consumer electronics industry is driving the market growth.
- Growing automotive sector is spurring the market growth.
Restraints:
- Availability of substitutes is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | 1 Mb, 4 Mb, 8 Mb, 32 Mb, 64 Mb, and Others |
| By Sales Channel | Online and Offline |
| By End-User | Consumer Electronics, IT & Telecommunication, Automotive, Medical, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global serial NOR flash market is highly competitive due to the presence of major players such as Microchip Technology Inc., Macronix International Co. Ltd., Infineon Technologies AG, Micron Technology Inc., Winbond, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in serial NOR flash market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Microchip Technology Inc.
- Macronix International Co. Ltd.
- Infineon Technologies AG
- Toshiba Corporation
- SK Hynix Inc.
- Intel Corporation
- Infineon Technologies AG
- Microchip Technology Inc.
- KIOXIA Holdings Corporation
- Renesas Electronics Corporation