In 2024, Micron Technology's global semiconductor market share was 4.4 percent, generating 27.84 billion U.S. dollars in revenue. Total semiconductor revenues reached 625.97 billion U.S. dollars in 2024, 18.1 percent more than what was recorded in 2023.

Micron Technology's dynamic random-access memory (DRAM) sales rebounded significantly in 2024, reaching 17.6 billion U.S. dollars after a sharp decline to below 11 billion U.S. dollars in 2023. This recovery in DRAM revenue played a crucial role in Micron's overall financial performance, contributing to the company's total revenue of 25.1 billion U.S. dollars in 2024, a substantial increase from the previous year's 15.5 billion U.S. dollars. Memory demand high in the AI era The memory market as a whole experienced growth in 2024, with overall revenues surpassing 167 billion U.S. dollars. Undoubtedly, much of this resurgence can be attributed to demand for advanced memory technologies from the AI market. AI applications require more device memory and storage due to their demand for real-time data processing and handling of vast datasets. Micron not alone in benefiting Looking more closely at the DRAM market once again, while Micron Technology saw improved sales, it has often remained the third-largest DRAM supplier with a market share of around 20 percent. The company sits behind Samsung and SK Hynix, dominant memory chip players originating out of South Korea.

Micron Technology reported $105.01B in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for Micron Technology | MU - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Micron Technology stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Micron Technology shares rise on bullish market outlook and strategic HBM advancements ahead of earnings report.

In the third quarter of 2024, Samsung held a DRAM market share of 41.1 percent, while SK Hynix occupied a market share of 34.4 percent. Micron sat as the third-largest DRAM supplier with a market share of 22.2 percent during the third quarter of 2024. DRAM market fluctuations Overall DRAM revenues amounted to 26.02 billion U.S. dollars for the third quarter of 2024, up from the 22.9 billion U.S. dollars observed in the second quarter of 2024. Samsung is the largest manufacturer of DRAM in terms of revenues. DRAM vs SRAM The primary memory of a computer is called RAM, with the two most used forms of modern RAM being static RAM (SRAM) and dynamic RAM (DRAM). DRAM is a type of volatile memory which, unlike non-volatile flash memory, loses data quickly when cut off from a power supply. Compared to other varieties of volatile memory, DRAM is relatively structurally simple. Whereas SRAM requires four to six transistors per bit, DRAM requires only one transistor and capacitor per bit.

[Keywords] Market include Intel Corporation, Samsung Electronics, Sandforce, Micron Technology, Greenliant Systems

Micron Technology sees a revenue forecast drop by $1 billion amid weak smartphone and PC demand, impacting shares and highlighting market challenges.

The Dynamic Random Access Memory (DRAM) market is experiencing robust growth, projected to reach a market size of $130.21 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 25.21%. This expansion is fueled by several key drivers. The increasing demand for high-performance computing across diverse sectors such as data centers, artificial intelligence, and high-performance computing are major contributors. The proliferation of mobile devices and the Internet of Things (IoT) further fuels this growth, demanding larger and faster memory capacities. Technological advancements, particularly the transition to higher-density DDR5 technology, are enhancing performance and efficiency, boosting market appeal. Furthermore, the rise of cloud computing and the expanding need for big data analytics are significantly impacting DRAM demand. However, the market also faces challenges, including price volatility due to supply chain fluctuations and the potential for technological disruptions from emerging memory technologies like 3D XPoint. Market segmentation reveals strong growth across applications like computers, mobile devices, and networking, with DDR4 and DDR5 technologies leading the pack. Key players such as Samsung Electronics, SK hynix, and Micron Technology are intensely competitive, focusing on innovation, strategic partnerships, and aggressive pricing strategies to maintain market share. Regional analysis indicates strong growth in APAC, driven primarily by China’s expanding electronics manufacturing sector. North America and Europe also show substantial market presence due to their large tech hubs and high per capita consumption of electronics. The forecast period (2025-2033) anticipates sustained growth, driven by continued technological advancements, increasing data consumption, and the expansion of applications mentioned above. However, navigating the complexities of supply chain management and responding to emerging technological challenges will be critical for companies to maintain competitiveness. The market's future success hinges on the ability of DRAM manufacturers to innovate, optimize production processes, and meet the evolving requirements of diverse applications. The focus will likely remain on enhancing speed, density, and power efficiency to cater to the rising demand for high-performance and energy-efficient computing across diverse sectors.

The global Phase Change Memory (PCM) market is poised for significant growth, driven by the increasing demand for high-performance, non-volatile memory solutions in diverse applications. The market's expansion is fueled by the inherent advantages of PCM, including its fast write speeds, high endurance, and potential for scalability, making it a compelling alternative to traditional NAND flash and other memory technologies. While the precise market size for 2025 requires further specification (let's assume, for illustrative purposes, a market size of $5 billion for 2025), a Compound Annual Growth Rate (CAGR) of 20% from 2025 to 2033 paints a picture of robust expansion. Key market drivers include the growing adoption of PCM in data centers for faster data processing and storage, increasing demand for high-performance computing (HPC) applications, and the burgeoning automotive industry's need for reliable and high-speed memory in advanced driver-assistance systems (ADAS) and autonomous vehicles. The market segmentation reveals strong growth across various applications including embedded systems, mobile devices, and cloud computing. Leading players like IBM, Micron Technology, and Samsung Electronics are aggressively investing in R&D and expanding their PCM product portfolios to capitalize on this expanding market. While challenges remain, including the relatively higher cost compared to NAND flash and technological hurdles in scaling production, the long-term market outlook for PCM is extremely positive. The continuous improvement in manufacturing processes and the growing demand for faster, more reliable memory will ultimately overcome these hurdles, ensuring a consistent upward trajectory for the market. The regional analysis reveals significant market opportunities across North America, Europe, and Asia Pacific. North America is expected to hold a substantial share due to the presence of major technology companies and a robust demand from data centers. Asia Pacific, especially China and India, represents a considerable growth potential owing to rapid economic growth and expanding electronics manufacturing sectors. Europe's market is driven by the strong presence of automotive and industrial automation industries, creating significant demand for high-performance and reliable memory solutions. Despite regional variations, the overall market trajectory suggests a period of sustained expansion, making PCM a promising sector for investment and technological advancements in the coming years.

The Americas flash memory market, valued at approximately $19.90 billion in 2025, is projected to experience steady growth, driven primarily by the increasing demand for data storage across various sectors. The 1.88% CAGR suggests a consistent, albeit moderate, expansion over the forecast period (2025-2033). This growth is fueled by the proliferation of data centers in North America, particularly in the United States, and the surging adoption of advanced driver-assistance systems (ADAS) and connected car technologies within the automotive industry. The mobile and tablet segment also contributes significantly, owing to the ever-increasing storage needs of high-resolution media consumption and sophisticated mobile applications. While the client (PC and Client SSD) segment remains robust, its growth rate might be slightly slower compared to other sectors due to the increasing prevalence of cloud storage solutions. NAND flash memory, with its higher storage density and cost-effectiveness, continues to dominate the market, though NOR flash memory retains its niche in specific applications demanding faster read and write speeds. Competition is intense, with major players such as Samsung Electronics, Micron Technology Inc., Western Digital Corporation, and Kioxia Corporation vying for market share through technological advancements and strategic partnerships. Segment-wise, the data center segment (enterprise and servers) is likely to be the largest contributor to market growth, followed by the automotive sector's burgeoning demand for in-vehicle infotainment systems and ADAS technologies. The market segmentation by density (for both NAND and NOR flash memory) indicates a strong preference for higher-density chips as technology advances, allowing for increased storage capacity in smaller form factors. Geographical focus within the Americas will remain concentrated on the United States and Canada, due to their advanced technological infrastructure and robust economies. However, growth opportunities are emerging in Mexico and other Latin American countries as digital transformation initiatives gather pace. Restraining factors include potential price volatility in the semiconductor industry and the ongoing challenges related to supply chain disruptions and geopolitical uncertainties. Nevertheless, the long-term outlook for the Americas flash memory market remains positive, supported by the continuous expansion of digital data generation and the increasing reliance on flash memory across a wide spectrum of applications. Recent developments include: February 2023: Frontgrade, a global provider of mission-critical electronics for aerospace and defense, announced the release of the world's first PEM Qualified 3D TLC 4Tb NAND Flash Memory for space applications. Frontgrade flight units will assist users in meeting the demand for mass memory storage requirements, and the device has a 132-ball JEDEC footprint, measures 12x18x1.4mm, and weighs 0.5gm. It is expected to be the highest-performance NAND memory for space, with a data transaction throughput of 10Gbps., February 2023: Infineon Technologies AG has launched the SEMPER Nano NOR Flash memory optimized for battery-powered, small-form-factor electronic devices. Arising wearable and industrial applications, including hearables, fitness trackers, health monitors, GPS trackers, and drones, enables more precision tracking, critical information logging, noise cancellation, enhanced security, and more.. Key drivers for this market are: Growing Demand for Data Centers, Growing Applications of IoT. Potential restraints include: Reliability Issues. Notable trends are: NOR Flash is Expected to Witness Faster Growth Rate.

In the second quarter of 2024, Samsung held a market share of 36.9 percent of the NAND flash memory market worldwide, ranking first among vendors. SK Group ranked second, occupying 22.1 percent of the global market. Computer memory Computer memory refers to the physical devices which are used to store data or programs for use in a computer. Primary storage allows for the short-term storage of data: information is retained for immediate use and is directly accessible by the CPU, usually until the main device is reset or turned off. Secondary storage, either in the form of hard disk drives (HDDs), solid-state drives (SSDs), flash drives, or other longer-term storage devices, record and hold data indefinitely, even when the main device is unpowered. HDD and SSD HDDs and SSDs are both a form of non-volatile memory commonly used for secondary storage in laptops and computers. HDDs are considered to be an old-school storage device, made up of magnetic tape and with mechanical parts inside. A solid-state drive (SSD) is a newer storage technology that has no moving parts. Instead, it uses NAND flash memory, a type of non-volatile storage that does not require power to retain data. Lower-priced laptops often still come with the cheaper HDD option, but most midrange to high-end PCs come with an SSD instead.

[Keywords] Market include Samsung Group, Transcend Information Inc., Hewlett-Packard Company, SK Hynix Inc., Western Digital Corporation

The semiconductor memory market size is projected to be valued at US$ 172.0 billion in 2023, and is expected to rise to US$ 354.5 billion by 2033. The sales of semiconductor memory are projected to expand at a significant CAGR of 7.5% during the forecast period.

Attribute	Details
Semiconductor Memory Market Estimated Size (2023)	US$ 172.0 billion
Semiconductor Memory Market CAGR (2023 to 2033)	7.5%
Semiconductor Memory Market Forecasted Size (2033)	US$ 354.5 billion

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 7.5% from 2023 to 2033
Base Year of Estimation	2023
Historical Data	2017 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and Volume in Units and F-CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Type Application By Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	United States Canada Brazil Mexico Germany Italy France United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Broadcom, Inc. Intel Corporation Qualcomm Samsung Electronics SK Hynix Taiwan Semiconductors Texas Instruments Toshiba Corporation Maxim Integrated Products, Inc. Micron Technology NVIDIA Corporation NXP Semiconductors N.V.
Customization & Pricing	Available upon Request

According to Cognitive Market Research, the global Dicing Tape market size will be USD 1425.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 570.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 427.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 327.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 71.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 28.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The Below 85 Micron category is the fastest growing segment of the Dicing Tape industry

Market Dynamics of Dicing Tape Market

Key Drivers for Dicing Tape Market

Increased demand for semiconductors in electronics, automotive, and telecommunications to Boost Market Growth

Increased demand for semiconductors in electronics, automotive, and telecommunications is driving the Dicing Tape Market due to the essential role of dicing tapes in the semiconductor manufacturing process. Semiconductors are critical components in a wide range of electronic devices, from smartphones and computers to automotive systems and telecommunications infrastructure. As these industries expand and innovate, they require high-quality dicing tapes for wafer dicing and chip packaging. Dicing tapes ensure precise and efficient separation of semiconductor wafers into individual chips, essential for meeting the performance and reliability demands of modern electronics. The surge in semiconductor production to support advancements and growing consumer electronics drives higher demand for dicing tapes, boosting market growth. For instance, in January 2022 Corning introduced a new dicing technology aimed at enhancing its laser technologies business, particularly in microfabrication processes for semiconductor applications. The company stated that this innovation would help customers reduce costs by increasing throughput, minimize kerf loss, and improve edge strength. Additionally, the technology's clean process eliminates the need for further cleaning steps.

Growing market for smartphones, tablets, and other consumer electronics to Drive Market Growth

The growing market for smartphones, tablets, and other consumer electronics is driving the Dicing Tape Market due to the increasing demand for advanced semiconductors and microchips used in these devices. As consumer electronics become more compact and feature-rich, the need for high-precision wafer dicing is crucial to produce smaller, high-performance chips. Dicing tapes play a key role in this process, ensuring accurate separation of semiconductor wafers into individual chips while maintaining their integrity and performance. The surge in consumer electronics production, driven by technological advancements and consumer demand, directly increases the need for efficient and reliable dicing solutions. Consequently, the expansion of the consumer electronics market significantly boosts the demand for dicing tapes.

Restraint Factor for the Dicing Tape Market

Competition from Alternative Packaging Materials, such as Plastics and Styrofoam, will Limit Market Growth

High installation costs are restraining the Dicing Tape Market because the initial investment required for advanced dicing equipment and technology is substantial. These costs encompass not only the price of dicing tapes but also the associated equipment, setup, and integration into existing manufacturing processes. For smaller or cost-sensitive companies, these high upfront expenses can be a significant barrier, limiting their ability to adopt or upgrade dicing technology. Additionally, ongoing maintenance and operational costs further contribute to the financial burden. As a result, the high cost of installation and integration can slow the adoption of dicing tapes, particu...

The Semiconductor Memory Market size was valued at USD 124.76 billion in 2023 and is projected to reach USD 268.98 billion by 2032, exhibiting a CAGR of 11.6 % during the forecasts period. Semiconductor memory refers to digital data storage devices that utilize integrated circuits (ICs) made of semiconductor materials like silicon. These devices are essential components in modern electronics, providing fast access times and non-volatile storage capabilities crucial for computers, smartphones, and other digital systems. Types of semiconductor memory include RAM (random access memory) for temporary data storage, ROM (read-only memory) for permanent data storage, and flash memory for portable storage solutions like USB drives and SSDs. Their efficiency, speed, and scalability make semiconductor memories foundational in powering today's interconnected world of computing and digital communication. Recent developments include: In February 2023, Texas Instruments Incorporated announced that it would invest USD 11 billion into the construction of its next 300-mm semiconductor wafer fabrication plant in Utah, U.S. The company aimed to expand its manufacturing capacity to meet the growing demand for semiconductors in electronics., In November 2022, Infineon Technologies AG and Taiwan Semiconductor Manufacturing Company Limited announced a partnership to introduce the latter’s Resistive RAM (RRAM) Non-Volatile Memory (NVM) technology to the former’s AURIX microcontrollers. The companies aimed to improve performance and reduce the power consumption of microcontrollers with the RRAM technology. , In August 2023, SK HYNIX INC. announced that it had started supplying a 24GB LPDDR5X DRAM mobile DRAM package, the industry’s first such solution with a 24 Gb capacity. The new product provides enhanced performance while consuming low power. The company aimed to meet its customers’ needs with this product., In November 2022, Micron Technology, Inc. announced the launch of 1β (1-beta) DRAM technology and started shipping the qualification samples to select chipset partners and smartphone manufacturers. The DRAM supports highly responsive applications by delivering high performance and low power. , In June 2021, Texas Instruments Incorporated signed an agreement to acquire Micron Technology, Inc.’s 300-mm semiconductor facility in Lehi, Utah, for approximately USD 900 million. The acquisition is a part of Texas Instrument Incorporated’s long-term capacity planning and will help strengthen the company’s competitive advantage in technology and manufacturing..

The NAND Flash market, valued at $67.75 billion in 2025, is projected to experience robust growth, driven by the increasing demand for high-capacity storage solutions across various applications. The compound annual growth rate (CAGR) of 5.02% from 2025 to 2033 indicates a significant expansion of this market over the forecast period. Key drivers include the proliferation of smartphones with enhanced storage capabilities, the growing adoption of solid-state drives (SSDs) in data centers and personal computers, and the surging demand for high-capacity memory cards in consumer electronics. Technological advancements in 3D NAND technology, offering higher density and improved performance compared to its 2D counterpart, are further fueling market growth. The market segmentation reveals a diverse landscape, with smartphones currently leading the application segment, followed by SSDs and memory cards. Within the type segment, 3D NAND is expected to dominate due to its superior performance and cost-effectiveness at higher densities. TLC (Triple-Level Cell) technology is also likely to hold a significant share in the technology segment owing to its balance between cost and storage capacity. However, the market faces certain restraints, including fluctuating raw material prices and the potential for oversupply in certain segments. Competition among major players like Samsung, Kioxia, Micron, and SK Hynix is intense, driving innovation and price competitiveness. Regional variations in market growth are expected, with APAC (particularly China, Japan, and South Korea) anticipated to lead due to the region's robust electronics manufacturing base and expanding consumer market. North America and Europe will also witness significant growth, driven by data center expansion and increasing adoption of SSDs in enterprise applications. The competitive landscape is characterized by both established industry giants and emerging players. Strategic alliances, acquisitions, and technological advancements are common strategies for maintaining market share and driving growth. Companies are focusing on developing advanced NAND flash technologies, expanding their product portfolios, and strengthening their supply chains to meet the ever-growing demand. While the market presents substantial opportunities, companies face risks related to technological obsolescence, economic fluctuations, and geopolitical uncertainties. Continuous innovation and adaptation will be crucial for success in this dynamic and competitive market. Future growth will depend heavily on successfully navigating these challenges and capitalizing on the emerging trends such as the rise of AI and edge computing, which further increase the demand for high-performance storage solutions.

[Keywords] Market include Wave Computing (US), Adapteva (US), Intel (US), NVIDIA (US), Xilinx (US)

The global standalone memory market was valued at USD 65.65 billion in 2025 and is projected to reach USD 128.41 billion by 2033, exhibiting a CAGR of 5.95% during the forecast period. The increasing demand for memory-intensive applications in consumer electronics, computers and laptops, mobile devices, automotive, and industrial sectors is driving the growth of the market. Additionally, the rising adoption of cloud computing, big data analytics, and the Internet of Things (IoT) is further fueling the demand for standalone memory solutions. Technological advancements, such as the introduction of 3D NAND technology and the emergence of new memory technologies like PCM and MRAM, are creating new opportunities for market growth. The increasing focus on energy efficiency and the growing demand for portable devices are also contributing to the increasing adoption of standalone memory solutions. However, factors such as price fluctuations and the availability of alternative memory technologies may restrain the market growth to some extent. Recent developments include: Recent developments in the Standalone Memory Market have been marked by significant trends and activities among key players such as Micron Technology, Toshiba, SK Hynix, and Samsung Electronics. The demand for NAND Flash memory is surging due to advancements in consumer electronics, particularly in smartphones and data centers, which is directly affecting growth rates. In terms of mergers and acquisitions, there have been notable movements; for example, Kioxia has explored partnerships to enhance its NAND technology initiatives, and Intel has been focusing on expanding its memory product portfolio through strategic alliances. Additionally, recent reports indicate that SK Hynix is expanding its manufacturing capacity, aiming to meet the growing market demand while addressing supply chain challenges. Infineon Technologies and Rambus have also engaged in collaborations to bolster their memory solutions, reflecting a trend of integrating advanced technologies to stay competitive. Valuations of these companies have been positively impacted, leading to investments in research and development, which are crucial for maintaining market relevance. The ongoing evolution in memory technology continues to shape the competitive landscape, pushing companies to innovate and enhance their offerings in the Standalone Memory Market.. Key drivers for this market are: Increased demand for AI applications, Growth in autonomous vehicles sector; Surge in edge computing requirements; Rise of smart home devices; Expanding data center capacity. Potential restraints include: Increasing demand for data storage, Technological advancements in-memory solutions; Growth of IoT applications; Rising consumer electronics market; Expanding cloud services adoption.

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NOR Flash Market Size 2024-2028

The NOR flash market size is forecast to increase by USD 1.68 billion at a CAGR of 10.06% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for high-performance electronics in various industries, including automotive, consumer electronics, and industrial automation companies in the market are focusing on new product launches to cater to this demand and gain a competitive edge. Additionally, environmental regulations and standards for electronic waste disposal are driving the market, as consumers and governments prioritize sustainability. These trends are expected to continue shaping the market In the coming years. However, challenges such as price volatility and supply chain disruptions due to geopolitical tensions remain key concerns for market participants. Overall, the market is poised for steady growth, driven by technological advancements and evolving industry trends.

What will be the Size of the NOR Flash Market During the Forecast Period?

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The market is experiencing significant growth, driven by increasing demand for NOR flash memory in various applications, particularly In the automotive industry and consumer electronics. Smartphones, smart TVs, smart home devices, and wearables are leading the charge in consumer electronics, with automotive applications such as advanced driver-assistance systems (ADAS) and infotainment systems also contributing to the market's expansion. Economic decline and inflation have not deterred demand, as consumers continue to prioritize technology upgrades. The average selling price for NOR flash memory has remained stable, despite inventory issues and the introduction of 5G smartphones and their increased requirement for 5G network connectivity.
Additionally, NOR flash memory plays a crucial role in data centers, embedded code storage, medical devices, and remote monitoring systems, further expanding its market reach. Companies like Micron Technology are investing in fabrication facilities to meet the growing demand for NOR flash memory, ensuring its continued relevance In the technology landscape.

How is this NOR Flash Industry segmented and which is the largest segment?

The NOR flash industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Serial NOR flash
  Parallel NOR flash


End-user

  Consumer electronics
  Communication
  Automotive
  Industrial
  Others


Geography

  APAC

    China


  North America

    US


  Europe



  South America



  Middle East and Africa

By Type Insights

The serial NOR flash segment is estimated to witness significant growth during the forecast period.

Serial NOR flash, a type of non-volatile memory, utilizes a single data line for communication with the processor, simplifying the interface and reducing power consumption. Ideal for space-constrained applications in consumer electronics, automotive systems, and IoT devices, serial NOR flash offers benefits such as compact form factor, power efficiency, and reliable data retention. Major players like Infineon Technologies AG provide high-performance, low-pin-count SPI NOR flash memory solutions for embedded systems, including HYPERFLASH, Quad SPI Flash, and Dual QSPI Flash. This memory type is particularly valuable in sectors experiencing economic decline, inflation, and inventory issues, such as consumer electronics, where quick boot times and data retention are essential. Applications include smartphones, smart TVs, smart home devices, and 5G smartphones with 5G network connectivity. Additionally, serial NOR flash is used in data centers, electric vehicles, mobile phone production, high-end electronic devices, medical devices, and wearables. Memory hierarchy, hardware security, neuromorphic computing, and low-power memory are ongoing areas of research and development.

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The serial NOR flash segment was valued at USD 1.32 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 60% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market In the Asia-Pacific (APAC) region is experiencing significant growth due to the high concentration of consumer electronics manufacturers. This trend is driven by the production of various devices, such as smartphones, smart TVs, and smart home appliances, which r