Lucintel Forecasts Eeprom Market To Reach $1 Billion By 2026

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According to the recent study the EEPROM market is projected to reach an estimated $1 billion by 2026 from $0.8 billion in 2020, at a CAGR of 4.8% from 2020 to 2026. Growth in this market is primarily driven by increasing price of EEPROM due to growing demand for connected and wearable device, miniaturization of electronics devices, and low power consuming and highly scalable memory systems.
Browse 77 figures / charts and 72 tables in this 166 -page report to understand trends, opportunities and forecast in EEPROM market by product (of ≥ 16 Kbit, 32 Kbit, 64 Kbit, 128 Kbit, 256 Kbit, 512 Kbit, 1 Mbit, and ≤ 2 Mbit), by end use industry (consumer electronics, communication, automotive, industrial, computer, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/eeprom-market.aspx
“≥ 16 Kbit market is expected to remain the largest segment during the forecast period.”
Based on product, the EEPROM market is segmented into ≥ 16 Kbit, 32 Kbit, 64 ...
... Kbit, 128 Kbit, 256 Kbit, 512 Kbit, 1 Mbit, and ≤ 2 Mbit. Lucintel forecasts that the ≥ 16 Kbit market is expected to experience the largest segment due to the rising demands for high speed electronic devices and increasing proliferation of connected devices will increases the demand of ≥ 16 Kbit based electrically erasable programmable read only memory and 64 Kbit EEPROM is expected to witness the highest growth due to the increasing need to lower power consumption with high bandwidth, and highly scalable memories.
“Within the EEPROM market, the consumer electronics segment is expected to remain the largest end use industry”
Based on end use industry, the consumer electronics segment is expected to witness the largest end use due to growing computing capabilities with AI in smartwatches, laptops, and smartphones, which require compatible memory solutions. The increasing demand for faster access and low power consumption memory devices have been the major factors contributing to the wide spread adoption of EEPROM, majorly in the consumer electronics, automotive, and healthcare sectors.
“Asia Pacific will dominate the EEPROM market in near future”
Asia Pacific is expected to witness the highest growth over the forecast period supported by rising adoption of wearable devices, migration of several microelectronics and smart electronics manufacturers in Asia Pacific region to lower the manufacturing cost.
Download Brochure of this report by clicking on https://www.lucintel.com/eeprom-market.aspx
Major players of EEPROM market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. STMicroelectronics, Microchip, Giantec Semiconductor Corporation, ON Semiconductor, NXP, ROHM Co., Ltd., ABLIC Inc, Fudan Microelectronics Group Co., Ltd, and Renesas Electronics Corporation are among the major EEPROM providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/eeprom-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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