Electrically Erasable Programmable Read Only Memory Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 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. Some of the major factor which drives the market of electrically erasable programmable read-only memory are increasing demand for high speed, highly scalable memory devices and low power consuming devices. Increasing internet or increasing installation of internet of things devices have propel the demand of high speed memory devices which fuel the demand of electrically erasable programmable read only memory in IOT devices. According to coherent market insights, in 2016 approx. 17.7 billion internet of things devices get installed globally up from 15.4 billion and is predicted to reach up to 30.7 billion by 2020. In addition to this, the increasing trend of wearable devices in various verticals such as healthcare, sports, and many more propel the demand of high scalable memory devices to maintain the strong network connectivity and store the generated data increased the demand for electrically erasable programmable read only memory in wearable devices. Now a days, the increasing trend of smart cloths has increased the demand of wearable devices. In 2016 approx. 35.3 million units of body wearable devices have sold up from 34 million units and is predicted to reach up to sales of 39.4 million units by the end of the year 2017.     

Electrically erasable programmable read only memory market taxonomy

On the basis of application, the global electrically erasable programmable read only memory market is classified 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, global electrically erasable programmable read only memory market is classified 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. The increasing consumer electronics and automotive industry, in turn fuels demand for resistive random access memory in Asia Pacific countries. China and India are the major growth engines of the Asia Pacific market. In India, the electronics market generated US$ 36.2 billion in 2016, up from US$ 31.6 billion in 2015, and is projected to reach US$ 104 billion by 2020.

Moreover, North America electrically erasable programmable read only memory market also plays a major role for the growth of market. The rising demand for high speed electronic devices and increasing proliferation of connected devices have increased the demand of electrically erasable programmable read only memory. Furthermore, rapidly increasing number of smartphone users in the U.S. in turn 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.

Key companies of global electrically erasable programmable read-only memory market

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, Winbond Electronics Corporation are some of the key companies of the global Electrically erasable programmable read-only memory market.

Research Methodology

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  • 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:

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  • 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
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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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