Market Overview:

The global memristor market reached a value of 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A memristor, also known as a ReRAM, is a non-volatile electronic memory device having a variable electrical resistance. It relies on cell resistance for storing information, which remains saved even if devices lose power. As it is stable, fast, and reliable, it is widely utilized to enable modern computing and memory device technologies, such as nanoelectronic memories and neuromorphic computing architectures. Presently, with advances in silicon technology, electronics based on memristors are finding applications in on-chip memory and storage, in-memory computing, and biologically inspired computing around the world.

Memristor Market Trends:

Due to the key advantages of memristors, including compact size, high retention, enhanced endurance, three-dimensional (3D) design capabilities, and fast reading and writing speed, they have emerged as highly reliable alternatives to flash memories. This, in confluence with the escalating demand for portable, miniature electronics, is influencing the market positively. Moreover, the emerging automation trend in industrial processes is promoting the adoption of robots, which, in turn, is driving the market. Apart from this, the increasing utilization of data centers in the healthcare, information and technology (IT) and telecommunications, and banking, financial services, and insurance (BFSI) industries is impelling the growth of the market worldwide. In line with this, governments of several countries are investing in improving IT infrastructure, which is creating a favorable outlook for the market. Besides this, the increasing investment in research activities to develop innovative transparent electronics, which rely on memristors for storage purposes, is projected to strengthen the market growth in the coming years. Transparent electronics find extensive applications in transportation, energy sources, consumer electronics, and automobile windshields that can transmit visual information to the driver.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global memristor market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and industry vertical.

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 Region:

• 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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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 Coverage:

Key Questions Answered in This Report:

• How has the global memristor market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global memristor market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the industry vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global memristor market and who are the key players?
• What is the degree of competition in the industry?