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