ELECTRICALLY ERASABLE PROGRAMMABLE READ ONLY MEMORY MARKET ANALYSIS

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, an 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.     

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:

• Consumer Electronics
• Enterprise
• Automotive
• Military and Aerospace
• Telecommunication
• Energy and Power
• Healthcare
• Others

On the basis of regions, the global electrically erasable programmable read only memory market is classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Global Electrically Erasable Programmable Read Only Memory Market: Regional Analysis

On the basis of geography, global 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.

Global Electrically Erasable Programmable Read Only Memory Market: Key Players

Major players operating in the global electrically erasable programmable read only memory market includes, 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.

Global Electrically Erasable Programmable Read Only Memory Market: Key Developments

• In July 2019, Micro-Star International Co., Ltd, Taiwanese multinational information Technology Corporation, announced a launch of new revisions of AMD 300 and 400 motherboards with 256Mb EEPROM BIOS Chips.
• In April 2018, Holtek Semiconductor, Taiwan-based semiconductor provider, announce the launch of its new HT69F2562 Flash MCU, featuring the special characteristics of ultra-low power and integrated LCD driver circuit and EEPROM.
• In September 2018, Fujitsu Semiconductor Limited, Japan-based Company, announced the launch of MB85RS4MT, a 4Mbit FRAM that has the upper compatibility to EEPROM and highest density in Fujitsu's serial interface family of FRAM non-volatile memories.
• In December 2018, Microchip, a provider of microcontroller, mixed-signal, analogue and Flash-IP solutions, announced a launch of its new low-cost, low-risk memory solution named “I2C EERAM” memory. Comprised of EEPROM and SRAM, the latest offering provides unlimited endurance and safe data storage at power loss.
• In January 2016, STMicroelectronics, French-Italian multinational electronics and semiconductor manufacturer, has extended its M24 serial EEPROM family, M24LR64, with four new devices that use the industry-standard 4-ball WLCSP (Wafer Level Chip Scale Package) footprint.