NOR Flash Memory Global Market Report 2026

NOR flash memory is a non-volatile storage technology widely used for data retention in digital devices. It is particularly valuable in applications requiring fast and reliable read access to small data blocks, such as firmware storage or boot-up processes.

The primary types of NOR flash memory are serial NOR flash and parallel NOR flash. Serial NOR flash is a compact and efficient storage solution that utilizes a serial interface such as SPI, making it suitable for applications with space constraints. NOR flash memory comes in various density ranges, including less than 250 MB, 250 MB to 1 GB, and more than 1 GB. It is commonly used across various industries such as communications, consumer electronics, automotive, and manufacturing.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the NOR flash memory market by elevating costs for wafers, semiconductor materials, and precision fabrication equipment, thereby tightening margins for manufacturers. These impacts are most evident across high-density serial NOR, automotive-grade memory, and consumer electronics segments, particularly in regions dependent on cross-border semiconductor supply chains such as Asia-Pacific and North America. While the increased tariffs pose pricing and sourcing challenges, they also promote investments in localized production, supply-chain diversification, and innovation in cost-efficient NOR flash solutions.

The NOR flash memory market research report is one of a series of new reports from The Business Research Company that provides NOR flash memory market statistics, including the NOR flash memory industry global market size, regional shares, competitors with the NOR flash memory market share, detailed NOR flash memory market segments, market trends, and opportunities, and any further data you may need to thrive in the NOR flash memory industry. This NOR flash memory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The nor flash memory market size has grown strongly in recent years. It will grow from $3.22 billion in 2025 to $3.45 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to expansion of embedded system deployments, rising demand for reliable boot memory, growth of consumer electronics production, adoption of low-power non-volatile memory, increasing use of firmware-based system control.

The nor flash memory market size is expected to see strong growth in the next few years. It will grow to $4.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to surge in connected device ecosystems, rising automotive electronics integration, growing need for secure firmware storage, expansion of industrial automation systems, shift toward high-density nor flash in advanced devices. Major trends in the forecast period include AI-driven firmware optimization, iot-centric memory integration, cybersecure firmware storage, automotive-grade nor adoption, industrial automation memory demand.

The rising demand for IoT devices is expected to drive the growth of the NOR flash memory market going forward. Internet of Things (IoT) devices are physical objects connected to the internet that can collect, exchange, or transmit data. This demand is fueled by the growing adoption of smart technologies across industries, the need for real-time data monitoring, and the expansion of connected ecosystems in sectors such as healthcare, manufacturing, and smart homes. NOR flash memory enhances IoT devices by providing fast data access, low power consumption, high endurance, and reliable storage, making it suitable for both simple and complex IoT applications. For example, in 2024, Ericsson, a Sweden-based network and telecommunications company, reported that the total number of cellular IoT connections approached 4 billion and is projected to grow at a CAGR of around 11%, surpassing 7 billion by 2030. Therefore, the rising demand for IoT devices is driving the growth of the NOR flash memory market.

Companies in the NOR flash memory market are focusing on developing advanced technology solutions, including next-generation space-grade systems that require highly reliable, high-density memories. These systems are designed to operate efficiently and last long in space. For example, in November 2024, Infineon Technologies AG, a semiconductor company based in Germany, introduced the first-ever QML-qualified radiation-hardened 512 Mbit QSPI NOR flash memory for space applications. This device utilizes Infineon's proprietary SONOS technology, enabling up to 10,000 program/erase cycles and 10-year data retention, even at temperatures as high as 125°C. It is QML-V and QML-P qualified, making it the first radiation-hardened NOR Flash to receive QML certification for space. Available in CQFP and TQFP packages, it is designed for compact, high-reliability space-grade FPGAs and processors.

In February 2023, GlobalFoundries Inc., a semiconductor manufacturing company based in the US, acquired Renesas Electronics Corporation's Conductive Bridging Random Access Memory (CBRAM) technology for an undisclosed amount. This acquisition is intended to enhance GlobalFoundries' embedded non-volatile memory (NVM) portfolio by integrating Renesas' CBRAM technology, which supports the development of low-power, high-performance memory solutions for IoT and 5G applications. Renesas Electronics Corporation, a Japan-based semiconductor company, specializes in providing NOR flash memory products.

Major companies operating in the nor flash memory market are Samsung Electronics Co. Ltd., Qualcomm Incorporated, Micron Technology Inc., Macronix International Co. Ltd., Texas Instruments Incorporated, MediaTek Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Kioxia Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Toshiba Corp., Winbond Electronics Corporation, GigaDevice Semiconductor Inc., Wuhan Xinxin Semiconductor Manufacturing Co. Ltd., Elite Semiconductor Microelectronics Technology Inc., Integrated Silicon Solution Inc., XTX Technology Limited

North America was the largest region in the NOR flash memory market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nor flash memory market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nor flash memory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The NOR flash memory includes revenues earned by entities by providing services such as direct sales, customization services, embedded software development, testing and validation, and memory upgrade kits. The market value includes the value of related goods sold by the service provider or included within the service offering. The NOR flash memory market also consists of sales of products including standalone NOR flash memory modules, microcontrollers (MCUs) with NOR flash, smartphones and tablets, automotive ECUs (electronic control units), and telecommunication equipment. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

NOR Flash Memory Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses nor flash memory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for nor flash memory ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The nor flash memory market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Serial Nor Flash; Parallel Nor Flash
• 2) By Densities: Less Than 250 Mb; 250 Mb - 1 Gb; More Than 1 Gb
• 3) By Industry Vertical: Communication; Consumer Electronics; Automotive; Manufacturing
• Subsegments:
• 1) By Serial NOR Flash: Low-Density Serial NOR Flash; Medium-Density Serial NOR Flash; High-Density Serial NOR Flash
• 2) By Parallel NOR Flash: Low-Pin-Count Parallel NOR Flash; High-Performance Parallel NOR Flash; Embedded Parallel NOR Flash
• Companies Mentioned: Samsung Electronics Co. Ltd.; Qualcomm Incorporated; Micron Technology Inc.; Macronix International Co. Ltd.; Texas Instruments Incorporated; MediaTek Inc.; Infineon Technologies AG; NXP Semiconductors; Renesas Electronics Corporation; Kioxia Corporation; Microchip Technology Inc.; Marvell Technology Group Ltd.; Toshiba Corp.; Winbond Electronics Corporation; GigaDevice Semiconductor Inc.; Wuhan Xinxin Semiconductor Manufacturing Co. Ltd.; Elite Semiconductor Microelectronics Technology Inc.; Integrated Silicon Solution Inc.; XTX Technology Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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