Electrically Erasable Programmable Read Only Memory Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

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

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.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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