According to the latest report by IMARC Group, title “Memristor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global memristor market size reached US$ 119.73 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,728.26 Million by 2027, exhibiting a CAGR of 52.50% during 2022-2027.
Memristor Industry Outlook:
A memristor, also called ReRAM, refers to a non-volatile electronic memory device with variable electrical resistance. It depends on cell resistance for storing information that remains saved even if equipment lose power. A memristor is fast, reliable, stable, etc. Consequently, it is extensively utilized to enable modern computing and memory device technologies, including nano electronic memories and neuromorphic computing architectures. Presently, electronics based on memristors find wide-ranging applications in on-chip memory and storage, biologically inspired computing, in-memory computing, etc., across countries.
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Market Trends:
The escalating demand for portable and miniature electronics is primarily driving the memristor market. Additionally, the increasing product adoption as alternatives to flash memories, owing to its various benefits, such as compact size, high retention, enhanced endurance, three-dimensional (3D) design capabilities, fast reading and writing speed, etc., is further catalyzing the market growth.
Besides this, the growing utilization of data centers in several industries, including information and technology (IT), healthcare, telecommunications, banking, financial services, and insurance (BFSI), etc., is acting as another significant growth-inducing factor. Moreover, the rising investments in R&D activities to develop innovative transparent electronics that rely on memristors for storage purposes are also positively influencing the global market.
Apart from this, the emerging trend of automation in industrial processes is augmenting the use of robots, which is anticipated to fuel the memristor market over the forecasted period.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Molecular and Ionic Film Memristor
- Titanium Dioxide Memristor
- Polymeric Memristor
- Others
- Spin Based and Magnetic Memristor
- Spintronic Memristor
- Spin Torque Transfer (STT) MRAM
Breakup by Industry Vertical:
- Electronics
- IT and Telecommunication
- Industrial
- Aerospace and Defense
- Automotive
- Healthcare
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Avalanche Technology, Crossbar Inc., Everspin Technologies Inc., Fujitsu Semiconductor Memory Solution (Fujitsu Limited), Honeywell International Inc., Knowm Inc., Renesas Electronics Corporation, STMicroelectronics and Weebit Nano.
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