At CAGR of 69.9% Memristor Market is Projected to Hit $79.0 million by 2022 | Intel, Knowm, Micron Technology, Panasonic, Rambus, Samsung, SanDisk, Sk Hynixand Toshiba

According to a new report published by Allied Market Research, titled; "Memristor Market by Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2014-2022", the memristor market was valued at $3.2 million in 2015 and is projected to reach $79.0 million by 2022, growing at a CAGR of 69.9% from 2016 to 2022. The Molecular & Ionic film memristor segment held major share in the total market in 2015.

Drivers, Challenges and Opportunities

Factors that drive the growth in the global memristor market include advantage of memristor over other memories, increase in demand for industrial robots that require memory element, increase in number of data centers, and growth in number of portable electronic products where memristor has emerged as a replacement of non-volatile memories. However, high initial cost and variation of understanding among stakeholders restrain the growth in memristor industry; though, growth in trend of Internet of Things (IoT) and growth in demand of neural networks open new opportunities for the players in memristor market.

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Molecular & Ionic Film Memristor held the largest share in the memristor industry in 2015 and is expected to maintain its dominant position throughout the analysis period, due to the remarkable properties such as have easier fabrications and less cost. Hewlett-Packard (HP) is conducting research on titanium dioxide memristor, which is one of the types of molecular and ionic memristors.

Electronics segment dominated with more than 44% memristor market share, in 2015. The memristors have emerged as a viable and more efficient substitute of flash memories that find their application mostly in electronic devices, which drives their traction in electronic industry. Further, the number of industrial robots worldwide has increased considerably in the last decade. In 2015, the highest number of industrial robots, (i.e. about 250 thousand units) were sold in a year. The increase in demand of automation process in industries is expected to surge the number of industrial robots even further. These robots required flash memories with zero boot time, more durability, and smaller space consumption, which are basic advantages of memristors. These properties of memristors are projected to drive their traction in industrial segment and is anticipated to exhibit high growth rate i.e. more than 70% in this segment of global memristor market during the forecast period.

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The major companies profiled in the report include HP development company, Intel Corporation, Knowm Inc., Micron Technology, Inc., Panasonic Corporation, Rambus Incorporated, Samsung, SanDisk Corporation, Sk Hynix Inc., L.P., and Toshiba Corporation.

Key findings of the study

In terms of value, spin-based & magnetic memristor is projected to be the fastest growing segment during the analysis period.

North America is expected to continue dominating the memristor market in the coming years. North America is forecasted to grow at a CAGR of 66.4%.
In 2015, electronic industry vertical held over 44% of share in memristor market which was the highest among all the industry verticals.

Healthcare is expected to be the fastest growing segment among all the industry verticals with the 86.3% CAGR.

The U.S. occupied approx. two-thirds of the total North American memristor market in 2015.

Canada memristor market is expected to be one of the fastest growing country in North America. It is expected to grow at a CAGR of 70.0% from 2016 to 2022

In 2015, North America and Europe collectively accounted for over two-thirds of the total memristors market and are expected to continue this trend due to presence of major players in the region, which indulge in R&D.

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CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL MEMRISTOR MARKET, BY TYPE
CHAPTER 5 GLOBAL MEMRISTOR MARKET, BY INDUSTRY VERTICAL
CHAPTER 6 GLOBAL MEMRISTOR MARKET, BY GEOGRAPHY
CHAPTER 7 RELATED INDUSTRY INSIGHTS
CHAPTER 8 COMPANY PROFILES

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