North America Dominated the Global Memristor Market with The Largest Market Share In 2016

Global Memristor Market Report, published by Variant Market Research, forecast that the global market was valued at $4 million in 2016 and is expected to reach $465 million by 2024; growing at a CAGR of 80.1% from 2016 to 2024. In geographical segments, Asia-Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 80.8% and 146.8%, respectively, during the forecast period 2016-2024.

Benefit of memristor over other memories, upsurge in demand for industrial robots that require memory element, growth in number of data centers, and evolution in number of portable electronic products where memristor has arose as an auxiliary of non-volatile memories are the primary key factors driving the growth of global memristor market. However, high initial cost and dissimilarity of understanding among stakeholders are the facts that may restrict the market growth. Moreover, increasing awareness about technological improvements and revolutions in computers, and growth in trend of Internet of Things (IoT) may create several growth opportunities for the market.

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The global memristor market is classified on the basis of product type and industry vertical. By product type, the market comprises of ionic film memristor & molecular and spin based & magnetic memristor. By industry vertical, the market is segmented into automotive, electronics, healthcare, IT & telecommunication, industrial, and aerospace & defense. In 2016, by product type, molecular & ionic film memristor segment accounted for more than half of the global market share. However, the spin based & magnetic memristor segment is projected to grow at the fastest CAGR during the forecast period. Within industry vertical segment, electronics subjugated the accounting for more than one third of the total market revenue in 2016, owing to its increasing demand in smartphones and other electronic gadgets.

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North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major geographical segments of the global memristor market. Wherein, North America dominated the market with highest share of 38.7% in 2016, and is anticipated to endure its dominance during the forecast period i.e. 2016-2024. The growth is majorly seen due to technological advancement and replacement of flash memory and D-RAM with memristors, in countries such as U.S. and Canada. Asia-Pacific stood for the second largest market with the share of 31.2%. Furthermore, in terms of growth, Rest of the World (RoW) is likely to grow at the fastest CAGR of 146.8% during the forecast period 2016-2024.

Major players in the memristor market include Samsung, Intel Corporation, HP Development Company, Knowm Inc., Panasonic Corporation, Micron Technology, Inc., Sk Hynix Inc., L.P., SanDisk Corporation, Toshiba Corporation, and Rambus Incorporated, among others.

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Scope of Memristor Market

Product Type Segments

• Molecular & Ionic Film Memristor
• Spin Based & Magnetic Memristor

Industry Vertical Type Segments

• Electronics
• Industrial
• Automotive
• Healthcare
• IT & Telecommunication
• Aerospace & Defense

Geographical Segments

• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Others

• Asia-Pacific
o China
o Japan
o Taiwan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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