According to the latest report by IMARC Group, titled “Memristor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global memristor market size reached US$ 190 Million in 2022. A memristor, or ReRAM, is a non-volatile electronic memory device that can record the amount of charge passed, making it a potential building block for future computer memory and processing systems. Unlike traditional resistors, which can only resist the flow of current, memristors can also store and process information. They can remember the last resistance state that they were in, even when the power is off. In addition to this, memristors can change their resistance in response to electrical signals, due to which they are extensively used in modern computing and memory device technologies, including nanoelectronic memories and neuromorphic computing architectures. With ongoing advancements in silicon technology, memristor-based electronics find numerous applications across on-chip memory and storage, in-memory computing, and biologically inspired computing.
Global Memristor Market Trends:
Shifting preference for memristors over traditional flash memories due to their compact size, high retention, better endurance, three-dimensional (3D) design capabilities, and faster reading and writing speed is primarily driving the market growth. Besides this, the advent of artificial intelligence (AI), machine learning (ML), robotics, and internet of things (IoT) technologies that require high-density and non-volatile memory, such as memristors, is presenting remunerative growth opportunities for the market. Moreover, the growing demand for data centers from the flourishing healthcare, information technology (IT) and telecommunications, and banking, financial services, and insurance (BFSI) sectors is creating a positive outlook for the market. Concurrent with this, extensive government investments in improving IT infrastructure, expanding automation of various industrial processes, and the rising demand for portable, miniature, and wearable electronic devices, are impelling the market growth. In addition to this, the increasing product utilization in automotive electronics, such as automobile windshields that can transmit visual information to the driver, the proliferation of smart and connected devices, and a surge in demand for embedded systems are aiding in market expansion. Furthermore, the ongoing upgradation of transparent electronics and emerging applications of memristors in neuromorphic computing and artificial neural networks are presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 2,621 Million by 2028, expanding at a CAGR of 51.4% during 2023-2028.
- Based on the type, the market is bifurcated into molecular and ionic film memristor (titanium dioxide, polymeric, and other memristors) and spin-based and magnetic memristor (spintronic memristors and spin torque transfer (STT) MRAM).
- On the basis of the industry vertical, the market has been segregated into electronics, IT and telecommunication, industrial, aerospace and defense, automotive, and healthcare.
- Based on the region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being 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.
|Base Year of the Analysis
||Type, Industry Vertical, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800