Electrically Erasable Programmable Read Only Memory (EEPROM) is a revolutionary new technology that provides data storage capabilities with a non-volatile data storage concept. With the introduction of CompactFlash in the market, it has made read/write speeds faster than previously thought possible within portable devices. In addition, the ability to use the same memory space for both written and read data makes it a more viable solution for data storage needs. The EEPROM uses a built-in chip that can be programmed in real time with a computer and is then accessed by the computer through a serial port or removable medium such as an SD card.
There are several advantages associated with EEPROM resulting its application in portable consumer and medical devices including fitness trackers, hearing aids and glucose monitors as well as industrial, automotive and other systems.
Market Dynamics
Launch of new products is expected to propel growth of the global electrically erasable programmable read only memory market. For instance, in November 2019, STMicroelectronics launched 4Mbit EEPROM in small, low-cost, 8-pin package.
Increasing launch of wearable devices is expected to offer lucrative growth opportunities for players in the global electrically erasable programmable read only memory market. For instance, in December 2019, VivaLNK, the U.S.-based startup, received a Class IIa medical device CE Mark for its multi-vital medical wearable sensor and software development kit.
Among end-use industries, automotive segment is expected to witness decline in the electrically erasable programmable read only memory market, owing to decrease in demand for automobiles. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019.
Competitive Analysis
Major players operating in the global 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.
Major players operating in the global electrically erasable programmable read only memory market are focused on launching new products to expand their product portfolio. For instance, in August 2020, Microchip Technology Inc. launched high density EEPROM – the 25CSM04. At 4 Mbit, Microchip’s new EEPROM becomes the largest EEPROM available to developers, doubling the 2 Mbit density designers previously were limited to.
In-depth Report on Electrically Erasable Programmable Read Only Memory Market by Coherent Market Insights:
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