Memristor Market: Global Industry Analysis and Forecast (2023-2029)

Memristor Market size was valued at US$ 118.45 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 52.9% from 2022 to 2029, reaching nearly US$ 2,314.16 Mn.
Memristor Market Overview:
Memristor Market is expected to reach US$ 2,314.16 Mn. by 2029. Memristors are fundamental circuit components whose resistance varies depending on which way an electric current is travelling through them. Memristors are resistors with the ability to store information, which is another way to describe them. This report focuses on the different segments of the Memristor market (Product Type, RAM, Industry Vertical, and Region). This report offers a detailed analysis of the top industry participants and geographic regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the phenomenal modern-era growth in the many sectors. Figures, graphics, and slideshows emphasise the essential data analysis from 2017 to 2021. The market drivers, restraints, opportunities, and challenges for Memristor are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Memristor market.To know about the Research Methodology:-Request Free Sample Report
Memristor Market Dynamics:
The commercialization of the memristor market is now in its initial stages. In July 2015, Knowm, Inc. launched the first-ever functional memristor device on the market. However, this is only currently on the market for research purposes at a staggering price of $220. Memristors have a number of key advantages over other memories, including their small size, fast read and write times, high retention, increased endurance, and 3D design capabilities. As a result, memristors are expected to overtake flash memories as a highly dependable replacement during the forecast period.

Memristors can be used in servers, data centers, supercomputers, industrial robotics, and portable electronics. Major market shares for memristors are held by the electronic and IT and telecommunications industries. Memristors' advantage over other memory components is that they make it easier for producers of electrical devices to create products with neural architecture. Leading memory companies and semiconductor behemoths are investing in the memristor market, and it is expected that these expenditures will boost market share.

The advantages of memristors over other memories, the rise in industrial robots, which demand a large amount of memory, the rise in demand for tablets, watches, smartphones, and other smart wearable devices, and the rise in data centers around the world are key factors that are supporting the growth of the global memristor market size. The global memristor market growth is expected to be hampered by the high initial cost needed to manufacture these components and the disparity in stakeholder awareness. Although there are new potential for market players in the memristor market due to the growth of the Internet of Things (IoT) trend and the demand for neural networks.

An increase in the number of data centres globally

The rise in industrialization and the rising demand for automation in industrial processes are the major factors driving the growth in industrial robots around the world. The number of robots sold in 2015 increased by over 12% globally, marking the most robots sold in a single year. These industrial robots operate autonomously and need flash memory to store and carry out all the intricate instructions necessary for effective operation. These robots currently use flash memories, but memristors are expected to gain popularity in industrial robots.

Memristors take relatively little read and write time and don't need to boot up because they can resume at the value they were at before the power was last switched off. Although the demand for memristors in industrial robotics is expected to rise in order to avoid any lagging time in the operation of the robots and to increase their capability to perform more instructions per unit time, research on the memories used inside these robots currently holds a small portion of the market share for memristors.
Memristor Market Segment Analysis:
Based on the Industry Vertical, the market is segmented into Electronics, IT & Telecommunication, Industrial, Aerospace & Defense, Automotive, and Healthcare. Electronics segment is expected to hold the largest market share of xx% by 2029. Due to the growing demand for high processing power and memory density in consumer electronics, as well as the necessity to keep costs low, there is an increasing demand for Memristor devices that can deliver high-speed performance.

Wearable and connected gadgets, which are expected to have a significant increase in demand during the forecast period, are the major drivers of memristor adoption in the consumer electronics industry. By 2022, Cisco Systems expects that there may be 1,105 million linked wearable devices globally, up from 593 million in 2018. In comparison to traditional transistor computers, memristor computers are substantially superior. There were more than 5,800 memristors in this experimental-scale computer. A commercial computer, however, might include millions of memristors.

The requirement for faster processing rates is exacerbated by the introduction of higher graphics systems. Memristor adoption is expected to rise during the forecast period as a result of these trends. In the last ten years, GDDR5 RAM, or graphics double data rate type 5 synchronous, has become the industry standard.Based on the Product Type, the market is segmented into Molecular & Ionic Film Memristor, and Spin Based & Magnetic Memristor. Spin Based & Magnetic Memristor segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The technology known as "degrees of freedom" is used to create these. Hysteresis is produced when the electron spins because the magnet, which is separated by the poles, moves and controls the polarisation of the electron. The operation of this technology is comparable to that of titanium dioxide memristors. A movable magnet is used in this to allow the direction of the spinning electron to be adjusted, and as a result, hysteresis is produced between the devices.

Spin Based memristors are promising components that have a wide range of uses, including memory chips and neuromorphic systems. The non-volatility benefit of resistive memristors and the good scalability and radiation hardness of spin-transfer torque magnetic devices are combined in the Spin Based memristor.
Memristor Market Regional Insights:
North American region is expected to dominate the Memristor Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. When compared to other regions, North America has one of the highest rates of R&D investment by local players and a highly knowledgeable integrator base for memristor components, making it one of the most important markets for memristor.

The US is home to many of the leading market companies and is also one of the key contributors to the majority of memristor applications, including edge computing, automotive, flexible electronics, IoT, and industrial robotics in the recent past. In comparison to other regions of the world, the region invests much more in markets like edge computing and system on chip (SoC).

For instance, CenturyLink, a US-based corporation, declared in August 2019 that it was preparing to invest "several hundred million dollars" in an edge compute network, beginning with 100 initial locations around the US. It is expected that advances and breakthroughs in the regional markets for storage memory, edge computing, and neuromorphic computing, particularly those made by local businesses, will increase the market growth for memristor technology both locally and globally. It will also increase the number of end-user industries in which it is adopted in the industrial environment.

The objective of the report is to present a comprehensive analysis of the Global Memristor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Memristor Market dynamic and structure by analyzing the market segments and projecting the Global Memristor Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Memristor Market make the report investor’s guide.
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Global Memristor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $118.45Mn.


Forecast Period 2023 to 2029 CAGR:
52.9%
Market Size in 2029:
US $2,314.16 Mn.


 Segments Covered:
by Product Type
Molecular & Ionic Film Memristor
Spin Based & Magnetic Memristor


by RAM
4 GB
8 GB
16 GB
32 GB
64 GB


by Industry Vertical
Electronics
It & Telecommunication
Industrial
Aerospace & Defense
Automotive
Healthcare



Memristor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Memristor Market Key Players
1. Hewlett-Packard
2. Knowm Inc.
3. Crossbar Inc.
4. SK Hynix
5. IBM
6. HRL Laboratories
7. Micron Technology
8. AMD Inc.
9. Panasonic Corporation
10.Intel Corporation
11.Rambus Incorporated
12.Samsung
13.SanDisk Corporation
14.Toshiba Corporation.
15.Fujitsu Ltd.
16.Cypress Semiconductor Corporation
17.Seagate Technology LLC
18.Sony Corp

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Memristor Market?
Ans. The North American region is expected to hold the highest share in the Memristor Market.

2] Who are the top key players in the Memristor Market?
Ans. Hewlett-Packard, Knowm Inc., Crossbar Inc., SK Hynix, IBM, HRL Laboratories, Micron Technology, and AMD Inc. are the top key players in the Memristor Market.

3] Which segment is expected to hold the largest market share in the Memristor Market by 2029?
Ans. Electronics industry vertical segment is expected to hold the largest market share in the Memristor Market by 2029.

4] What is the market size of the Memristor Market by 2029?
Ans. The market size of the Memristor Market is expected to reach US $2,314.16 Mn. by 2029.

5] What was the market size of the Memristor Market in 2022?
Ans. The market size of the Memristor Market was worth US $118.45 Mn. in 2022.