NOR Flash Producers and NOR Flash Market Trend

NOR Flash is a non-volatile storage technology which has densities ranging from 1Mb up to 1Gb. It is characterized by high stability, fast reading speed, random addressing, and the ability to execute programs within the chip (XIP). App can run directly within NOR Flash, which can meets the requirements of wearable devices and smart home devices, and is widely used in consumer electronics, Internet of Things, computers and peripherals, automotive electronics.

The global NOR flash market size was $2.13 billion in 2017 and will grow to $2.95 billion in 2022, with a CAGR of 6.7% from 2017 to 2022. Driven by emerging applications such as 5G network, TWS headsets, telecommuting and tele-education, the NOR flash market size is expected to grow to $3.96 billion in 2027, with a CAGR of 6.1% from 2022 to 2027.

Figure 2017-2027 Global NOR Flash Market Size (Billion USD) and CAGR

The top five global NOR flash manufacturers are Winbond Electronics Corp., Macronix International Co., Gigadevice, Cypress, and Micron Technology with 25.2%, 22.7%, 16.2%, 10.9%, and 4.2% market share respectively.