Global Memristor Market Report 2022-2027
The global memristor market size reached USD 119.73 million in 2021. By 2027, it will reach USD 1,728.26 million, exhibiting a CAGR of 52.50% during the period 2022-2027.
SHERIDAN, WYOMING, UNITED STATES, Nov. 29, 2022 / EINPresswire.com/ — 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 USD 119.73 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of USD 1,728.26 million by 2027, exhibiting a CAGR of 52.50% in the period 2022-2027.
What is memristor?
A memristor, also called ReRAM, refers to a non-volatile electronic memory device with variable electrical resistance. It depends on the resistance of the cell to store information that remains saved even if the equipment loses power. A memristor is fast, reliable, stable, etc. Consequently, it is widely used to enable modern computing technologies and memory devices, including nanoelectronic memories and neuromorphic computing architectures. At present, memristor-based electronics find extensive applications in on-chip memory and storage, biologically inspired computing, in-memory computing, etc., in all countries.
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Impact of COVID-19:
We regularly track the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the key factors driving the Memristors Market?
Increasing demand for portable and miniature electronics primarily drives the memristor market. In addition, the increasing adoption of products as alternatives to flash memory due to its various benefits such as compact size, high retention, enhanced durability, three-dimensional (3D) design capabilities, fast read and write speed, etc. ., is an additional catalyst. market growth. In addition to this, the increasing use of data centers in several industries, including information and technology (IT), healthcare, telecom, banking, financial services and insurance (BFSI), etc., acts as another significant driver of growth induction.
Moreover, increasing investment in research and development activities to develop innovative transparent electronics that rely on memristors for storage purposes is also positively impacting the global market. Apart from this, the emerging trend of industrial process automation is increasing the use of robots, which is anticipated to fuel the memristor market during the forecast period.
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Key Market Segmentation:
IMARC Group provides analysis of key trends in each sub-segment of the global memristors market, along with global, regional and country-level forecasts from 2022-2027. Our report has categorized the market by region, type and industry vertical.
Breakdown by type:
• Molecular and ionic film memristor
o Titanium dioxide memristor
o Polymer memristor
• Magnetic and spin based memristor
a Spintronic Memristor
a Spinning Torque Transfer (STT) MRAM.
Industry vertical breakdown:
• IT and telecommunications
• Aerospace and Defense
• North America: (United States of America, 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
List of major key players:
• Avalanche technology
• Crossbar Inc.
• Everspin Technologies Inc.
• Fujitsu Semiconductor (Fujitsu Limited) memory solution
• Honeywell International Inc.
• Knowm Inc.
• Renesas Electronics Corporation
• Weebit Nano.
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