Memristor Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027

The latest research study "Memristor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that 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.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

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.

Global Memristor Market Trends and Drivers:

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.

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Global Memristor Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

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.]

The report has segmented the market on the basis of region, type and industry vertical.

Breakup by Type:
• Molecular and Ionic Film Memristor
o Titanium Dioxide Memristor
o Polymeric Memristor
o Others
• Spin Based and Magnetic Memristor
o Spintronic Memristor
o 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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.