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Electrically Erasable Programmable Read Only Memory Market

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Electrically Erasable Programmable Read Only Memory Market report categorizes global market on the basis of application and other industry segmentations - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Electrically Erasable Programmable
Read Only Memory Market - Global
Industry Insights, Trends, Outlook,
2016–2024
Electrically erasable programmable read only memory (EEPROM) is a non-volatile
memory used in computers, smartphones, and electronic devices to store small
volumes of data. Increasing demand for high speed, highly scalable memory devices,
and low power consuming devices are major factors driving growth of electrically
erasable programmable read only memory market. Increasing adoption of high speed
internet and Internet of Things (IoT) devices have propelled the demand for high speed
memory devices, which are expected to fuel growth of electrically erasable
programmable read only memory market in IOT devices.
According to Coherent Market Insights analysis, in 2016, en estimated 17.7 billion IoT
devices were installed worldwide and is predicted to reach up to 30.7 billion by 2020.
Furthermore, increasing trend of wearable devices in healthcare and sports is propelling
demand for high scalable memory devices to maintain strong network connectivity and
record the generated data, which in turn is driving growth of the electrically erasable
programmable read only memory market. Furthermore, increasing adoption of smart
cloths has increased the demand of wearable devices. In 2016, an estimated 35.3
million units of body wearable devices were sold and it is projected to reach 39.4 million
units by the end of 2018.
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https://www.coherentmarketinsights.com/insight/request-sample/650
Electrically Erasable Programmable Read Only Memory Market Taxonomy
On the basis of application, the global electrically erasable programmable read only
memory market is segmented into:
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Consumer Electronics
Enterprise
Automotive
Military and Aerospace
Telecommunication
Energy and Power
Healthcare
Others
Electrically Erasable Programmable Read Only Memory Market Outlook – Asia Pacific
holds the largest market
On the basis of geography, electrically erasable programmable read only memory
market is segmented into North America, Europe, Asia Pacific, Latin America, Middle
East, and Africa. Asia Pacific holds the dominant position in the global electrically
erasable programmable read only memory market and is projected to retain its
dominance throughout the forecast period. Significant growth witnessed by consumer
electronics and automotive industry in turn fuels growth of market in major economies
such as China and India. For instance, electronics market in India accounted for US$
36.2 billion in 2016, from US$ 31.6 billion in 2015, and is projected to reach US$ 104
billion by 2020.
Moreover, electrically erasable programmable read only memory market of North
America is gaining significant traction, owing to rising demand for high speed electronic
devices and increasing proliferation of connected devices. Furthermore, high adoption
of smartphone the U.S. creates a highly conducive environment for market growth.
According to Coherent Market Insight, in 2016 around 208.6 million smartphone users
were present in the U.S., up from 190.6 million users in 2015 and is projected to reach
257.7 million smartphone users by 2020.
Major players operating in electrically erasable programmable read only memory market
include Atmel Corporation, Hitachi, Ltd., Infineon Technologies AG, Intersil, Linear
Technology Corporation, Macronix International, Maxwell Technologies, Microchip
Technology, Mitsubishi Electric Corporation, NXP Semiconductors N.V., ON
Semiconductor, Renesas Electronics Corporation, ROHM Semiconductor, Samsung
Electronics, Seiko Instruments Inc., STMicroelectronics, and Winbond Electronics
Corporation.
For More Information :
https://www.coherentmarketinsights.com/ongoing-insight/electrically-erasable-program
mable-read-only-memory-market-650
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Coherent Market Insights is a prominent market research and consulting firm offering
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trends, technologies, and potential absolute dollar opportunity.
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Author
Sagar Gawade
Sagar Gawade44   documents Email
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Software and Internet
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