Global Serial NOR Flash Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Serial NOR Flash Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Serial NOR flash, with its high-speed continuous read capabilities throughout the entire memory array and its small erase block sizes, is tailored for applications that shadow program code and/or store granular data. Serial NOR Flash typically uses the Serial Peripheral Interface (SPI) protocol to interface with the memory controller. Serial flash refers to a NOR flash memory chip with small size and power consumption using SPI (Serial peripheral interface) bus.

Market Overview:

The latest research study on the global Serial NOR Flash market finds that the global Serial NOR Flash market reached a value of USD 995.41 million in 2023. It’s expected that the market will achieve USD 5123.6 million by 2029, exhibiting a CAGR of 31.4% during the forecast period.

Winbond and STMicroelectronics partner to combine high-performance memory with STM32 devices in smart industrial and consumer applications

15 Mar, 2023 Winbond Electronics Corporation, a leading global supplier of semiconductor memory solutions, and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customer across the spectrum of electronics applications, today announced a partnership that teams Winbond's specialty memory ICs with ST's STM32 microcontrollers (MCUs) and microprocessors (MPUs).

The partnership formalizes collaboration between the two companies to optimize integration and performance and assure long-term availability of Winbond and ST devices, to meet the needs of customers serving industrial markets.

Driven by downstream applications

Serial NOR Flash chips have random storage, strong reliability, fast reading speed, executable code and other characteristics, and have performance and cost advantages in low and medium capacity applications, and are the main products in the low and medium capacity flash memory chip market. At the same time, terminal electronic products due to internal instruction execution, system data exchange and other functions, must be configured with the corresponding capacity of code memory, serial NOR Flash chip is an indispensable component. Serial nor flash products are widely used in handheld mobile terminals, consumer electronics, Internet of Things terminals, personal computers and peripherals, as well as communication equipment, medical equipment, office equipment, automotive electronics and industrial control equipment. With the transformation of national economic structure and consumption upgrade, the degree of social informatization is deepening, and the demand for information products and services is also increasing, especially in recent years, the development trend of portability, intelligence and networking in the terminal market is becoming increasingly obvious, and the downstream market demand such as smart phones and tablet computers is strong, resulting in a large increase in the demand for serial nor flash memory chips. In addition, with the rapid development of strategic emerging industries represented by the Internet of Things, cloud computing, and high-end equipment, it will provide a broader development space for the industry.

Region Overview:

North America is projected to account for a considerable share of the Serial NOR Flash market and is expected to become the largest region by 2028.

Company Overview:

Winbond is one of the major players operating in the Serial NOR Flash market, holding a share of 27.61% in 2023.

Winbond is a specialty memory IC company engaged in design, manufacturing and sales services. Winbond's main product lines include code storage flash memory, special DRAM and mobile DRAM. In the field of code storage flash products, Winbond focuses on the medium and low density market by providing a full range of serial flash and parallel flash products. The Company sells its products in Taiwan, the United States, and Hong Kong.

Segmentation Overview:

By type, 512Mb segment accounted for the largest share of market in 2022.
Depending on the capacity division of the flash memory, usually named with small integral powers and the traditional names of megabytes (Mbit) or gigabytes (GB), there are ≤1Mbit (For example 512Kb), 2Mbit, 4Mbit, 8Mbit, 16Mbit, 32Mbit, 64Mbit, 128Mbit, 256Mbit, 512Mbit, 1Mbit, 1Mbit, 2Mbit, 4Mbit, 8Mbit, 16Mbit, 32Mbit, 64Mbit, 128Mbit, 256Mbit, 512Mbit, 1Gb and 2Gb. In the serial nor flash mainstream products 64Mbit occupy the main market share.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2018 to 2022.

The advantages of serial NOR flash include high-speed transmission rates, high reliability, random access interface, faster read/write speeds, high data retention capabilities, etc., making it ideal for deployment in communications (5G) , consumer electronics, computers, automotive, and industrial applications. Among them, the communication field is mainly in the application of 5G base stations, and consumer electronics include mobile phones (AMOLED, TDDI, and functional machines) and wearable devices.

Key Companies in the global Serial NOR Flash market covered in Chapter 3:

Winbond
Infineon (Cypress)
XTX Technology Limited
Macronix
GigaDevice
Micron

In Chapter 4 and Chapter 14.2, on the basis of types, the Serial NOR Flash market from 2019 to 2030 is primarily split into:

≤1Mbit
2Mbit
4Mbit
8Mbit
16Mbit
32Mbit
64Mbit
128Mb
256Mb
512Mb
1Gb
2Gb

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Serial NOR Flash market from 2019 to 2030 covers:

Communication
Consumer Electronics
Computer
Automotive
Industrial Application

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa) Show more