Serial EEPROM Market Size, Share, Growth, and Industry Analysis, By Type (Below 16Kbit Serial EEPROM, 32Kbit Serial EEPROM, 64Kbit Serial EEPROM, 128Kbit Serial EEPROM, 256Kbit Serial EEPROM, 512Kbit Serial EEPROM, 1Mbit Serial EEPROM and Above 2Mbit Serial EEPROM), By Application (Automotive, Consumer Electronics, Medical, Industrial and Others), Regional Forecast to 2028

Updated On: 20 November 2023

Serial EEPROM Market REPORT OVERVIEW

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The global serial EEPROM market size was in USD 881.3 million 2022. As per our research, the serial EEPROM market is expected to reach USD 1243 million by 2028, exhibiting a CAGR of 5.9% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A type of non-volatile memory called a serial EEPROM (Electrically Erasable Programmable Read-Only Memory) is used in electrical devices to store small amounts of data. Since data is exchanged one bit at a time using a serial interface, it is known as "serial" technology. A sort of memory that can be electrically written to, erased from, and reprogrammed is an EEPROM. EEPROMs are more adaptable for storing data that has to be updated or amended because they can be written to and erased several times in contrast to standard ROM (Read-Only Memory), which is pre-programmed at the factory and cannot be changed.

Small storage capacities, ranging from a few kilobits (Kb) to a few megabits (Mb), are usual for serial EEPROMs. They are frequently utilized in a wide range of electronic products, including communication devices, embedded systems, consumer electronics, and microcontrollers. Serial EEPROMs are frequently used for storing configuration data, calibration data, device identification data, and small quantities of user data, among other things. The EEPROM's "serial" feature describes how data is accessed and transferred. Serial EEPROMs employ a serial bus protocol like I2C or SPI to connect with the device that is reading from or writing to the memory, in contrast to parallel EEPROMs, which send data in parallel (many bits at once).

COVID-19 Impact: Disruption in the Supply Chain to Hinder Market Growth

Global supply networks were disrupted by the epidemic, particularly those in the semiconductor sector. Due to lockdown procedures, a lack of labor, and logistical difficulties, many semiconductor manufacturing plants had temporary shutdowns or restricted production capacity. These hiccups caused delays in the supply chain and shortages of components, notably serial EEPROMs. Electronic device demand surged as a result of the trend towards remote work, online education, and increased reliance on technology during the epidemic. The supply of electronic components, particularly serial EEPROMs, was further strained by this rise in demand.

Price changes for electronic components were caused by supply and demand imbalances as well as supply chain disruptions. Due to their increased cost and unavailability, serial EEPROMs and other chips became increasingly difficult for manufacturers to find at competitive pricing. The output capabilities and efficiency of manufacturing facilities were impacted by social segregation policies and safety procedures. EEPROM and other electronic component production may have been slower than usual due to a smaller workforce and operational restrictions.

LATEST TRENDS

"Increased Memory Densities to Enhance Market Growth"

Small storage capacities, ranging from a few kilobits (Kb) to a few megabits (Mb), are usual for serial EEPROMs. They are frequently utilized in a wide range of electronic products, including communication devices, embedded systems, consumer electronics, and microcontrollers. Serial EEPROMs are frequently used for storing configuration data, calibration data, device identification data, and small quantities of user data, among other things. The EEPROM's "serial" feature describes how data is accessed and transferred. Serial EEPROMs employ a serial bus protocol like I2C or SPI to connect with the device that is reading from or writing to the memory, in contrast to parallel EEPROMs, which send data in parallel (many bits at once).

Serial EEPROM Market SEGMENTATION

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• By Type

Based on type market is classified as Below 16Kbit Serial EEPROM, 32Kbit Serial EEPROM, 64Kbit Serial EEPROM, 128Kbit Serial EEPROM, 256Kbit Serial EEPROM, 512Kbit Serial EEPROM, 1Mbit Serial EEPROM and Above 2Mbit Serial EEPROM.

• By Application

Based on application market is classified as automotive, consumer electronics, medical, industrial and others.

DRIVING FACTORS

"Non-Volatile Memory Requirements to Augment Market Growth"

Electronic devices that need non-volatile memory storage frequently use EEPROMs. Non-volatile memory can store important data including device setups, calibration information, and user settings since it preserves data even after the power is switched off. The need for serial EEPROMs is driven by the necessity for dependable and long-lasting data storage. EEPROMs have the benefit of being electrically erasable and programmable, making it simple to update and alter data that has been stored. This adaptability is useful for applications where it is necessary to constantly modify or update the stored data, such as firmware upgrades, system settings, and user preferences.

"Serial Communication Interface to Propel Market Growth"

Serial EEPROMs are appropriate for incorporation into electrical devices with limited space since they are offered in small packages and have a small physical footprint. Their small size makes them suitable for a range of applications, from handheld gadgets to small embedded systems. In order to communicate with microcontrollers and other electronic components, serial EEPROMs use serial bus protocols like I2C or SPI. This reduces the number of pins and wires needed. EEPROMs are simple to integrate into electronic systems, lowering the complexity of the overall design thanks to the efficiency and simplicity of serial transmission.

RESTRAINING FACTORS

"Limited storage capacity to Impede Market Expansion"

Despite improvements in memory density, serial EEPROMs still have a tiny storage capacity when compared to alternative memory technologies as NAND flash or hard drives. Their applicability for applications that need more data storage is constrained by this constraint. Comparing EEPROMs to other memory types like NOR flash or RAM, slower write speeds are typically the norm for these devices. Applications like real-time data logging or high-performance systems that demand frequent and quick data writes may find this to be a limiting factor. Before their memory cells begin to deteriorate or fail, EEPROMs can only undergo a limited number of write/erase cycles. This restriction is referred to as "endurance." Modern EEPROMs provide reasonable endurance levels, but with time, frequent and demanding write operations might cause wear-out.

Serial EEPROM Market REGIONAL INSIGHTS

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"Asia-Pacific to Dominate the Market Due to Number of Well-Known Technology"

The Asia-Pacific area has been a significant player in the semiconductor market, notably nations. These nations have developed manufacturing infrastructure, technological know-how, and a sizable market for electronic devices. Asia-Pacific is a dominant region in terms of production and market share thanks to the presence of several significant serial EEPROM suppliers and manufacturers. It is well-established in the semiconductor and electronics sectors. The region has a strong market for consumer electronics, automotive applications, and industrial automation, as well as excellent research and development skills. The serial EEPROM market share is influenced by a number of well-known technology and semiconductor businesses.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• STMicroelectronics (U.S.)
• Microchip (U.S.)
• Giantec Semiconductor Corporation (China)
• ON Semiconductor (U.S.)
• ABLIC (Japan)
• FMD (U.S.)
• Fudan microelectronic (China)
• ROHM (Japan)
• Hua Hong Semiconductor (Japan)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.