Serial (SPI) NOR Flash Market: Introduction
- NOR flash memory is a non-volatile storage technology. NOR is mostly used for code execution. NOR flash memory requires higher power when it is first powered on; however, the standby power requirement for NOR is considerably low.
- NOR is generally better for random reads from memory. For instance, a smartphone or tablet utilizes embedded NOR to boot up the operating system (OS). NOR delivers far better read performance than a comparable NAND device.
- NOR delivers fast read performance, which means NOR is best suited in cases when a limited amount of data needs to be stored
- Serial flash devices require fewer connections to the circuit board as compared to parallel flash devices. Serial NOR uses a less complex interface than parallel NOR, which means that it costs less to manufacture serial NOR storage devices.
Rise in demand in embedded electronics, IoT devices, and automotive electronics.
- Major applications for NOR flash memory is embedded electronics. NOR flash is commonly used in consumer devices such as tablets and smartphones. Devices that have a relatively lightweight operating system employ serial NOR flash. NOR’s characteristically fast read performance enables the OS to be booted far more rapidly than NAND.
- NOR is also an excellent choice for use in embedded systems, as these systems tend to read code during the boot process but perform few write operations
- Evolution of technologies such as 5G has fueled the demand for faster operating devices. Therefore, NOR flash memories can be used along with NAND in electronic devices, NOR for faster read operations and NAND for comparably higher write and erase function. Consequently, applications such smartphones, smart watches, medical devices, portable devices, and devices having smaller operating systems extensively utilize NOR flash memory.
- NOR flash memory is more expensive than NAND and has lower code saturation space, which in turn is hampering the serial NOR flash memory market
Asia Pacific to Hold Prominent Share of Global Market
- Asia Pacific is estimated to account for a notable share of the global serial NOR flash market, owing to the presence of a prominent electronics industry and the presence of major players in the region
- The serial NOR flash market looks to be concentrated in Asia and Europe; major market share is held by these regions only
- North America is estimated to gain market share and offer significant opportunity for the serial NOR flash market during the forecast period
- The automotive, industrial (IIoT), networking, and communication sectors in the region are also estimated to offer considerable opportunities for the market during the forecast period
Key Players in Global Serial (SPI) NOR Flash Market
Key players include:
- Cypress
- Samsung
- Winbond
- Micron
- Macronix
- ISSI
- Eon
- Microchip
- GigaDevice
Serial (SPI) NOR Flash Market Scope
Serial (SPI) NOR Flash Market, by Type
- High Density Memory
- Low Density Memory
Serial (SPI) NOR Flash Market, by Application
- Telecommunication
- Networking
- Industrial
- Automotive
- Others
Serial (SPI) NOR Flash Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- South America
- Argentina
- Brazil
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
