Serial NOR Flash Market Innovative Technologies, Segmentation, Trends and Business Opportunities 2020-2027 | COVID-19 Effects
Market Overview
The worldwide serial NOR flash market gathers outstanding foothold. The market development credits to the expanding reception of innovation across the business verticals. Additionally, the rising utilizations of buyer gadgets and savvy and associated gadgets drive market development. Propels in computerized innovations are becoming because of expanding digitization. Besides, the developing interest from the shopper electronic areas overall heightens market development.
As per Market Research Future (MRFR), the compact gadgets market valuation is ready to reach around USD 1,306.9 MN by 2025, developing at 4.8% CAGR during the evaluation time frame (2019-2025). Progressed serial NOR flash frameworks have more actual point of interaction choices and memory size. Such mechanical progressions and development in have prompted extended serial NOR flash application peripheries. Rising utilizations of these gadgets in information stockpiling and calculation purposes cultivate market development.
Also, expanding the innovation reception in electronic items, for example, contact screens, show regulators, and AMOLED board builds the size of the serial NOR flash memory market. Market development is additionally connected with the expanded deals of buyer gadgets all around the world. In addition, the rising prevalence of compact electronic gadgets is a critical power behind the development of the serial NOR flash market. Likewise, the consistent interest for solid energy supply with the problematic stockpile conditions impels the market development.
Tough unofficial laws and drives advancing the reception of these frameworks in the significant end-use enterprises cultivate market development to a degree. On the other hand, the high creation cost of serial NOR flash is a key variable projected to hinder the market development during the gauge time frame. By and by, mechanical redesigns expected in the new future would uphold the market development all through the appraisal period, introducing conservative assembling procedures that would diminish the general selling cost of these frameworks.
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Global Serial NOR Flash Market – Segments
The report is segmented into three dynamics;
By Type : 1 MB, 4 MB, 8 MB, 32 MB, and others [high-density serial NOR memory (above 32 MB)].
By Application: Consumer Electronics, IT, Communication, Automotive, Industrial, and others.
By Regions : North America, Europe, APAC and Rest of the World.
Global Serial NOR Flash Market – Regional Analysis
The Asia Pacific dominates the global serial NOR flash market. The leading market share attributes to the rise in automotive and electronics manufacturing and growing purchasing power, and the introduction of favorable policies. Besides, the increasing technological advances and usages of portable electronics across the region drive the growth of the market. Moreover, the availability of powerful technologies at affordable costs acts as a key driving force behind the regional market growth.
Also, the presence of several electronics manufacturing and automobile companies in the region fosters the growth of the market. China, Japan, and India are the key market for serial NOR flash in the region, substantially driving the market growth. The APAC serial NOR flash market is estimated to retain its dominance throughout the review period.
North America holds the second-largest share in the global serial NOR flash market. The region is a hub for advanced semiconductors technologies. The market growth is driven by the strong presence of notable players and well-established infrastructures that allow the development of advanced technologies and their early adoption in various innovative applications.
Additionally, the increasing demand for digital technologies from the automotive and consumer electronics industries substantiates the market growth in the region. The US and Canada account for significant growth contributors to the regional market. The North American serial NOR flash market is to demonstrate a considerable revenue generation, growing at 4.4% CAGR during the forecast period.
The Europe serial NOR flash market is emerging as a lucrative market globally. Factors such as the massive uptake of this technology across the major industries and rising usages of electronics devices in IT & communication and automotive industries boost the regional market growth. Also, the burgeoning consumer electronics industry in the UK and Germany contribute to the market growth in the region majorly. The European serial NOR flash market is anticipated to generate a substantial revenue pocket throughout the assessment period.
Global Serial NOR Flash Market - Competitive Analysis
The global serial NOR flash market appears highly competitive due to the presence of several well-established players. To gain a larger competitive advantage, industry players adopt strategic approaches, such as mergers & acquisitions, collaboration, expansion, and product/technology launch.
They focus on developing their product portfolios, engaging the latest technologies in product development. For which these companies invest substantially in R&D to develop adept technologies and products. The market competition is likely to intensify due to new product launches and the new entrants in the market.
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Market Players
Players leading the serial NOR flash market include Intel Corporation, ASE Group, TDK Corporation, Jiangsu Changjiang Electronics Technology Co. Ltd., Amkor Technology, Vicor Corporation, ON Semiconductor, Panasonic Corporation, Bel Fuse Inc., and Texas Instruments Incorporated, among others.
Industry/ Innovation/ Related News
September 21, 2020 ----- Alliance Memory, Inc. (the US), a leading global manufacturer of legacy memory SRAM, DRAM, and Flash ICs launched the new AS5F series of 1.8V to 3V devices with densities from 1 - 8GB and high-speed clock frequencies up to 120MHz. The new product would meet the growing demand for serial peripheral interface (SPI) NAND flash memory products from the automotive, industrial, communications, and consumer electronics sectors. AS5F series devices provide designers with low-cost, compact alternatives to parallel NAND and SPI NOR flash memory in embedded systems.
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