NOR Flash Memory Market to Reach $4.55 Billion by 2030, Fueled by IoT Growth: Asia-Pacific Expected to Lead Globally [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
The NOR flash memory market has experienced significant growth and is expected to continue this trend. It is projected to expand from $3.22 billion in 2025 to $3.45 billion in 2026, achieving a CAGR of 7.1%, and will reach $4.55 billion by 2030 with a CAGR of 7.2%. Drivers of this growth include the proliferation of embedded systems, the increasing need for reliable boot memory, and the rise in consumer electronics manufacturing. The market's robust expansion is fueled by various factors, including the surge in connected device ecosystems and the rising integration of automotive electronics. The increasing demand for secure firmware storage and industrial automation systems contributes to this growth. Key trends anticipated to shape the market include AI-driven firmware optimization, IoT-centric memory integration, and automotive-grade NOR adoption. The demand for IoT devices is a significant driver for NOR flash memory growth. With industries rapidly adopting smart technologies,
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