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Global NOR Flash Market 2016-2020

About the NOR Flash Market

The semiconductor memory market has experienced explosive growth over the last decade, due to the growing need of flash memories in cell phones, tablets, computers, and other types of electronic equipment such as MP3 audio players, digital cameras, and set-top boxes. We expect that the demand for flash memories will increase further in the coming years due to factors such as growing demand for communication devices. End-users consider the following criteria while purchasing flash memory devices:

  • High density
  • High writing throughput for data storage application
  • Fast random access for code execution
Technavio’s analysts forecast the global NOR flash market to grow at a CAGR of less than 1% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global NOR Flash market for 2016-2020. To calculate the market size, Technavio considers the sale of NOR flash memory devices to various global, regional, and local end-users through distributors. The report does not include revenue generated from the sale of components that are used in the production of such devices.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • Europe
Technavio's report, Global NOR Flash Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cypress Semiconductor
  • Micron Technology
  • Macronix International
  • Winbond Electronics
  • Gigadevice
Other prominent vendors
  • AMIC Technology
  • Eon Silicon
  • FIDELEX
  • ISSI
  • Microchip
  • Microsemi
  • Samsung Electronics
  • STMicroelectronics
Market driver
  • Rising memory requirement for vehicle automation
  • For a full, detailed list, view our report
Market challenge
  • Declining ASP and transition to NAND flash
  • For a full, detailed list, view our report
Market trend
  • Growing applications of IoT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global NOR Flash Market 2016-2020

Technavio recognizes the following companies as the key players in the global NOR flash market: Cypress Semiconductor, Micron Technology, Macronix International, Winbond Electronics, and Gigadevice.

Other Prominent Vendors in the market are: AMIC Technology, Eon Silicon, FIDELEX, ISSI, Microchip, Microsemi, Samsung Electronics, and STMicroelectronics.

Commenting on the report, an analyst from Technavio’s team said: “A trend that will propel market growth is the growing use of IoT applications. The IoT is likely to connect 30 billion devices and generate a total of about 50 trillion GBs of data by 2020. It enables sensor- and actuator-enabled devices to collect and transmit data to a centralized location on a real-time basis, empowering the user to take an informed decision. This is increasing its adoption in several market segments such as consumer electronics, automotive, and medical.”

According to the report, a key growth driver for the NOR flash market is the increase in memory requirement for vehicle automation. The global automotive industry has adopted electronic components in automobiles at an explosive rate over the last 8-10 years. In 2007, the industry estimates pegged the cost of electronic components at 15%-20% of the total production cost of an average car. The estimate grew to 40% in 2015, largely due to undergoing transformations in the industry toward vehicle automation. This is leading to high demand for ICs, microprocessors, and sensors, as the automobile industry is ushering in an era of connected cars, GPS navigation systems, airbag control, anti-lock braking system, power doors and windows, collision detection technology, and infotainment systems that are feature rich. These automotive applications need reliable memory technology such as flash or RAM to support the computation and data storage requirements of advanced automotive systems.

Further, the report states that one challenge that could hamper market growth is the decline of APS and transition to NAND flash.



Companies Mentioned

Cypress Semiconductor, Micron Technology, Macronix International, Winbond Electronics, Gigadevice, AMIC Technology, Eon Silicon, FIDELEX, ISSI, Microchip, Microsemi, Samsung Electronics, STMicroelectronics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Definition
    • Source year and forecast period
    • Market coverage
    • Market size computation
    • Geographical segmentation
      • Table List of countries in key regions
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Timeline of semiconductor memory market
  • Market landscape
    • Market overview
      • Table Segmentation of global NOR flash memory market
      • Table Differences between NOR and NAND flash
    • Market size and forecast
      • Table Global NOR flash market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market egmentation by end-user
    • Global NOR flash market by end-user 2015
      • Table Global NOR flash memory by end-user 2015 (% share)
    • Global NOR flash market by end-user 2020
      • Table Global NOR flash memory by end-user 2020 (% share)
    • Global NOR flash market in consumer electronics sector
      • Table Global NOR flash market in consumer electronics sector 2015-2020 ($ millions)
    • Global NOR flash market in communication sector
      • Table Global NOR flash market in communication sector 2015-2020 ($ millions)
    • Global NOR flash market in computing sector
      • Table Global NOR flash market in computing sector 2015-2020 ($ millions)
    • Global NOR flash market in automotive sector
      • Table Global NOR flash market in automotive sector 2015-2020 ($ millions)
    • Global NOR flash market in other sectors
      • Table Global NOR flash market in other sectors 2015-2020 ($ millions)
  • Market segmentation by product type
    • Global NOR flash market by type 2015
      • Table Global NOR flash memory by type 2015 (% share)
    • Global NOR flash market by type 2020
      • Table Global NOR flash memory by type 2020 (% share)
      • Table Comparison of parallel NOR and serial NOR flash
    • Global SPI NOR flash market
      • Table Global SPI NOR flash market 2015-2020 ($ billions)
    • Global parallel NOR flash market
      • Table Global parallel NOR flash market 2015-2020 ($ millions)
  • Geographical segmentation
    • Global NOR flash market by region 2015
      • Table Global NOR flash market by region 2015 (% share)
    • Global NOR flash market by region 2020
      • Table Global NOR flash market by region 2020 (% share)
    • NOR flash market in APAC
      • Table NOR flash market in APAC 2015-2020 ($ billions)
    • NOR flash market in Americas
      • Table NOR flash market in Americas 2015-2020 ($ millions)
    • NOR flash market in Europe
      • Table NOR flash market in Europe 2015-2020 ($ millions)
  • Market drivers
    • Rising memory requirement for vehicle automation
      • Table Expected car shipment growth 2015-2020 (% growth y-o-y)
    • Growing proliferation of smartphones and tablets
    • Reading efficiency of NOR flash
    • High use of SPI NOR flash memory
      • Table Advantages of SPI NOR
    • Growth in M2M communications
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High inventory level in supply chain
      • Table Global semiconductor market trend 1992-2015 ($ billions)
    • Declining ASP and transition to NAND flash
      • Table ASP of NAND flash 2013-2020 ($ per unit)
    • Dependence on distributors
    • Reducing importance of long-term contracts
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing applications of IoT
    • Wearable Technology
    • Development of smart cities
    • Convergence of NAND and NOR flash technologies
  • Vendor landscape
    • Competitive scenario
      • Table Market share of leading NOR flash vendors 2015
    • Key vendors
      • Table Micron: R&D expenses 2013-2015 ($ billions)
      • Table Micron: Other sector performance (includes NOR flash) 2013-2015
      • Table Macronix: Sales comparison of segments 2014-2015
      • Table Macronix: Geographical segmentation by revenue 2015
    • Other prominent vendors
      • Table Other vendors in the global NOR flash market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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