The following is the It is estimated that the NOR flash memory market will reach US $3.5 billion in 2022, with a year-on-year increase of 21% From IC Insights recommended by recordtrend.com. And this article belongs to the classification: IC Insights, Hardware equipment industry.
According to the latest data of IC insights, nor flash memory accounted for only 4% of the entire flash memory market in 2021, but the sales of NOR flash memory devices increased by 63% to $2.9 billion last year. Nor shipments increased by 33% last year, while the average selling price increased by 23%. IC insights also predicts that the NOR flash memory market will grow by another 21% in 2022, reaching US $3.5 billion.
Three companies accounted for 91% of NOR flash sales in 2021.
Huabang is the largest nor flash memory supplier, with sales of more than US $1billion, accounting for 35% of the nor market. Since 2011, most of Huabang’s nor products have been manufactured using 58nm technology, but in 2021, most of the company’s nor products have transitioned to its 40nm based process.
Macronix ranked second with $942 million in NOR flash sales last year, accounting for 33% of the market share. Nor accounted for 52% of Macronix’s total IC sales in 2021. Last year, all its nor devices were basically produced using 75Nm and 55nm process technology, but in the second quarter of 2022, the company began to transition to 45nm. Communications, automotive and industrial / medical applications are the main growth drivers of Macronix ‘nor flash memory business in 2021.
Gigadevice, which ranks third, doubled its nor flash sales in 2021, and is expected to achieve another success in 2022. Last year, its demand for NOR flash memory mainly came from automotive applications.
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