Electrically Erasable Programmable Read Only Memory Market has Tremendous Potential to Grow Rapidly
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.
Ask for detailed Sample of the Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/650
*The Sample consists of Table of Content, Research framework of the actual report & research methodology adopted for it.
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.
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.
You may be interested
Medical Cannabis Market | Global Trends, and Forecast to 2025Albert R - April 21, 2018
Increasing approval of medicinal cannabis products and growing research and development activities in the medical cannabis market are expected to support the growth of the market. For…
Familial Amyloid Cardiomyopathy Treatment Market-Moving Towards a Brighter FutureAlbert R - April 21, 2018
Aggregation and deposition of mutant and wild-type transthyretin protein (TTR) in heart results in familial amyloid cardiomyopathy, which typically occur after age of 60. Familial amyloid cardiomyopathy…
3D Cell Culture Market To Witness Robust Expansion by 2024Albert R - April 21, 2018
3D cell culture is group of biological cells that are allowed to grow in artificial media in all three dimensions. It is used in drug discovery and…