Global Memristor Market to Reach US$ 8,238.7 Million by 2032, Impelled by Multifarious Product Benefits

April 13, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “­­Memristor Market Report by Type (Molecular and Ionic Film Memristor, Spin Based and Magnetic Memristor), Industry Vertical (Electronics, IT and Telecommunication, Industrial, Aerospace and Defense, Automotive, Healthcare), and Region 2024-2032,” the global memristor market size reached US$ 287.2 Million in 2023. 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$ 8,238.7 Million by 2032, expanding at a CAGR of 44.3% during 2024-2032. 

Market Summary:

  • 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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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. 

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Global Memristor Market to Reach US$ 8,238.7 Million by 2032, Impelled by Multifarious Product Benefits
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