NOR Flash Memory Chip Market Size & Growth Outlook 2024-2030

 NOR flash memory chip is based on nonvolatile storage technologies. These memory chip does not require power to retain data. The primary benefit of using NOR is they are faster to read and random access capabilities, making it suitable for code storage in devices such as PDAs and cell phones. Major factors driving the market growth include the increasing electronics devices consumption and increased use of NOR flash memory chip in applications such as automotive, wireless, medical, and industrial applications.