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 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.
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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.