million in 2024 and is projected to reach US$ 3092 million by 2032, at a CAGR of 0.3% during the forecast period
Report Studies
• The global NOR Flash Market was valued at 3024 million in 2024 and is projected to reach US$ 3092 million by 2032, at a CAGR of 0.3% during the forecast period.
• NOR Flash is a type of non-volatile storage technology that allows for random access and the execution of code directly from the chip, making it distinct from its NAND counterpart. This technology operates without an external power source and provides full address and data buses, enabling access to every memory location. While it offers superior read performance and reliability, it is also more expensive per bit and has lower storage density compared to NAND Flash. Its primary application is in devices requiring fast, reliable code execution, such as smartphones, automotive systems, and industrial equipment.
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By Type:
• The market is segmented based on type into:
• Serial NOR Flash
• Subtypes: SPI (Serial Peripheral Interface) and QSPI (Quad SPI)
• Parallel NOR Flash
• Subtypes: Asynchronous and Burst Mode
By Application:
• The market is segmented based on application into:
• Automotive
• Subtypes: ADAS, Infotainment, Instrument Clusters
• Telecommunication
• Networking
• Industrial
• Subtypes: Industrial Automation, Medical Devices
Key Players:
• Infineon Technologies AG (Germany) [Note: Acquired Cypress Semiconductor]
• Samsung Electronics Co., Ltd. (South Korea)
• Winbond Electronics Corporation (Taiwan)
• Micron Technology, Inc. (U.S.)
• Macronix International Co., Ltd. (Taiwan)
• ISSI, Inc. (U.S.) [A part of Sino Wealth Electronic Ltd.]
