Electrically Erasable Programmable Read Only Memory Market has Tremendous Potential to Grow Rapidly

Electrically Erasable Programmable Read Only Memory Market

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.

For More Information https://www.coherentmarketinsights.com/ongoing-insight/electrically-erasable-programmable-read-only-memory-market-650

You may be interested

Social Media Analytics Market to grow like never before by 2026
Information Technology and Gadgets
Information Technology and Gadgets

Social Media Analytics Market to grow like never before by 2026

Sayali Tribhuvan - July 17, 2018

Social Media Analytics Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific challenges,…

Construction Chemicals Market Growth Opportunities and Future Prospects till 2026
Business
Business

Construction Chemicals Market Growth Opportunities and Future Prospects till 2026

Sayali Tribhuvan - July 17, 2018

The Construction Chemicals Market research report covers the present scenario and the growth prospects of the global Construction Chemicals industry for 2018-2026. The report enlists several important…

Intelligent Virtual Assistant Market Expansion to be Persistent During 2018–2026
Information Technology and Gadgets
Information Technology and Gadgets

Intelligent Virtual Assistant Market Expansion to be Persistent During 2018–2026

Sayali Tribhuvan - July 17, 2018

Intelligent Virtual Assistant Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific challenges,…

Most from this category