NOR Flash Market Report 2025 (Global Edition)

Global NOR Flash Market Report 2025 Market Size Split by Type (Serial NOR Flash, Parallel NOR Flash), by Density (Less than 250Mb, 250Mb-1Gb, More than 1Gb), by Application (Industrial, Telecommunicat...

NOR Flash Market Report Description

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Imapct of Trumph Tariff on Electronics and Electrical Industry

In 2025, global trade has entered a period of renewed volatility as the U.S., under President Donald Trump, introduced sweeping tariffs known as the Liberation Day Tariffs. Aimed at addressing trade imbalances and foreign supply chain dominance, the tariffs range from 10% on allies like Australia and the UK to 46% on Vietnamese goods and 34% on Chinese imports. A 25% universal tariff on steel, aluminum, and auto parts has further strained global trade ties. The electronics sector is among the hardest hit, particularly due to the escalating U.S.China trade war. Tariffs on Chinese goods now reach up to 145% in sectors like semiconductors and consumer electronics, while China has retaliated with up to 125% duties and restrictions on critical mineral exports. This has disrupted just-in-time supply chains and increased component costs.

Specific tariffs include 25% on semiconductors, 20% on lithium-ion batteries, and 10–15% on consumer electronics like laptops and tablets, leading to higher retail prices and reduced consumer demand. Sub-sectors such as home automation, computer hardware, communication electronics, medical devices, and industrial electronics are all under pressure due to rising input costs and supply chain delays. Companies are revisiting suppliers, shifting sourcing to countries like India, Mexico, and Vietnam, and redesigning products to avoid high-tariff components.

China remains a key player, contributing USD 119 billion in electronics exports to the U.S. in 2023. Even components routed through countries like Malaysia and Vietnam often rely on Chinese subparts, making the ripple effect of tariffs widespread. U.S. electronics firms operating on thin margins are seeing input costs rise 18–25%, with contract manufacturers in alternative regions facing capacity constraints.

Market research is now critical. It helps companies identify new suppliers, analyze cost trends, optimize product design, forecast demand shifts, and track regulatory changes. Tools like supplier mapping, BOM optimization, and scenario planning support strategic responses to ongoing disruptions. Leading firms like Apple and Dell are expanding production outside China, while others invest in digital supply chain tools and redesign products for cost resilience. In this evolving trade environment, firms that leverage research-driven strategies are better positioned to adapt and thrive.

NOR Flash Market Insights Video

Competitive Landscape of the NOR flash Market

The NOR flash marketplace is highly aggressive, with key gamers including Cypress Semiconductor, Micron Technology, Winbond Electronics, and Macronix. These corporations cognizance on innovation to enhance overall performance, capability, and reliability. Competition is driven by means of calls from sectors like automotive, industrial, and patron electronics, where NOR flash is desired for code storage and embedded programs. Companies are also expanding manufacturing competencies and strategic partnerships to benefit market proportion.

Top Companies Market Share in NOR Flash Industry: (In no particular order of Rank)

• Cypress
• Samsung
• Winbond
• Micron
• Macronix
• ISSI
• Eon
• Microchip
• GigaDevice
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the NOR flash Market

Which Region Dominates the NOR flash Market in 2024?

According to Cognitive Market Research, NOR flash America currently dominates the NOR flash market, and the region is expected to have significant growth during the projected period. The NOR flash market in North America is developing because of the growing demand for embedded structures in cars, telecommunications, and industrial programs. Key elements include expanded adoption of IoT gadgets, improvements in generation, and a focus on high-performance, dependable memory answers that cater to diverse enterprise needs.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR The NOR flash market inside the Asia-Pacific vicinity is expanding unexpectedly, pushed by way of sturdy demand in consumer electronics, automobile, and business sectors. Factors along with increasing telephone penetration, the upward thrust of smart devices, and improvements in production technology contribute to this increase, positioning the place as a key participant within the market.

The current report Scope analyzes NOR Flash Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America NOR Flash Market Analysis

According to Cognitive Market Research, the global NOR flash market size was estimated at USD 2815.2 Million, out of which NOR flashth America held the major market share of more than 40% of the global revenue with a market size of USD 1126.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the NOR flash market with a market size of USD 888.48 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The U.S. market's IoT expansion.
• The Canada NOR flash market had a market share of USD 135.13 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada’s automotive electronics.
• The Mexico NOR flash market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 102.47 million in 2024.

Europe NOR Flash Market Analysis

According to Cognitive Market Research, the global NOR flash market size was estimated at USD 2815.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 844.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom NOR flash market had a market share of USD 141.89 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, NOR flash sales witness an upswing due to the 5g adoption.
• The France NOR flash market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 77.70 million in 2024.
• According to Cognitive Market Research, the German NOR flash market size was valued at USD 167.22 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, NOR flash surged due to the consumer devices.
• The Italy NOR flash market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 72.63 million in 2024.
• The Russia NOR flash market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 130.91 million in 2024.
• The Spain NOR flash market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 69.25 million in 2024
• The Luxembourg NOR flash market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 26.18 million in 2024.
• The Portugal NOR flash market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 17.74 million in 2024.
• The Greece NOR flash market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 10.13 million in 2024.
• The Rest of Europe's NOR flash market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 130.91 million in 2024.

Asia Pacific NOR Flash Market Analysis

According to Cognitive Market Research, the global NOR flash market size was estimated at USD 2815.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 647.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China NOR flash market size was valued at USD 291.37 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. NOR flash surged in China due to industrial automation.
• The Japan NOR flash market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 89.35 million in 2024.
• The India NOR flash market had a market share of USD 77.70 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. India's data security.
• The South Korean NOR flash market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 64.75 million in 2024.
• The Australian NOR flash market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 33.67 million in 2024.
• The South East Asia NOR flash market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 44.68 million in 2024.
• The Rest of Asia Pacific NOR flash market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 45.97 million in 2024.

South America NOR Flash Market Analysis

According to Cognitive Market Research, the global NOR flash market size was estimated at USD 2815.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 140.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil NOR flash market size was valued at USD 60.25 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. NOR flashs flourished in Brazil due to AI growth.
• Argentina's NOR flash market had a market share of USD 23.65 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Argentina's medical devices.
• Colombia NOR flash market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 12.53 million in 2024.
• Peru NOR flash market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 11.54 million in 2024.
• Chile NOR flash market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 10.13 million in 2024.
• The Rest of Latin America's NOR flash market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 22.66 million in 2024.

Middle East NOR Flash Market Analysis

According to Cognitive Market Research, the global NOR flash market size was estimated at USD 2815.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 56.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031..

• The GCC Countries NOR flash market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 24.10 million in 2024. NOR flash sales flourish due to the edge computing.
• The Egypt NOR flash market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 5.91 million in 2024.
• The South Africa NOR flash market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 8.90 million in 2024. NOR flash sales flourished in South Africa due to cloud infrastructure.
• The Turkey NOR flash market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 4.84 million in 2024.
• The Nigeria NOR flash market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 5.91 million in 2024.
• The Rest of the MEA NOR flash market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 6.64 million in 2024.

NOR Flash Market Analysis

NOR flash Market Type Segment Analysis

According to Cognitive Market Research, Serial NOR Flash are likely to dominate the NOR flash Market over the forecast period. The serial NOR flash segment is riding growth within the NOR flash marketplace due to its compact length, low strength consumption, and fast statistics transfer charges. This kind of reminiscence is more and more used in IoT gadgets, automotive applications, and consumer electronics, meeting the call for green and dependable storage answers.

The Parallel NOR Flash is the fastest-growing segment in the NOR flash Market. The parallel NOR flash segment is experiencing a boom inside the NOR flash market, driven by its excessive-pace records switch skills and huge memory potential. It is widely utilized in packages requiring speedy study speeds and dependable overall performance, which includes telecommunications, business manipulation structures, and embedded devices, enhancing average performance.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of NOR Flash Industry. Request a Free Sample PDF!

NOR flash Market Density Segment Analysis

According to Cognitive Market Research, the Less than 250Mb segment holds the largest share of the market. The sub-250MB NOR flash section is developing, typically driven by means of demand in low-electricity applications, along with wearable devices, IoT sensors, and customer electronics. These smaller reminiscence answers are best for firmware storage and lightweight applications, balancing overall performance and cost while meeting the desires of various industries seeking compact answers.

In the NOR flash Market, the 250Mb-1Gb has been expanding at a rapid pace. The 250MB to 1GB NOR flash segment is expanding, fueled by growing demand for higher-capability garages in automobile, industrial, and client electronics. This range supports firmware, boot code, and alertness garage, providing stability of performance and price-effectiveness, making it best for plenty of embedded programs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

NOR Flash Application Segment Analysis

NOR flash Market Application Segment Analysis

According to Cognitive Market Research, Industrial segment holds the largest market share. The industrial region is riding a boom in the NOR flash market, fueled by the call for dependable and durable memory solutions in automation, control structures, and robotics. NOR flash's rapid study speeds and robustness make it perfect for applications requiring excessive stability and overall performance in tough environments, improving operational efficiency.

In the NOR flash market, the rapidly growing sector is Telecommunication. The telecommunications quarter is substantially contributing to the growth of the NOR flash marketplace, pushed by the need for reliable reminiscence answers in networking gadgets, base stations, and verbal exchange gadgets. NOR flash's speedy entry speeds and sturdiness aid essential firmware and software applications, ensuring seamless connectivity and improved overall performance in networks.

• Industrial
• Telecommunication
• Networking
• Automotive
• Smart Grid Space
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion