Market Size of Memristors Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 52.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Memristors Market Analysis
The memristors market is expected to register a CAGR of about 52.2% during the forecast period. However, the commercialization of the memristors market is currently in its initial stages. The market is expected to witness remarkable growth as memristors have several critical advantages over other passive electronic devices, including small size, high retention capacity, fast read and write times, and 3D design capabilities.
- Memristor technology has seen a series of developments over the last 50 years. During this period, companies like Intel, Panasonic, and Micron, among others, have continued to innovate in this field. Given the promising features to improve power saving, performance, bandwidth requirement, and space-saving augmented with data transfer rate, memristors are expected to become a mainstream product by the end of the forecast period.
- Memristor-based memories are considered the more extensive prospect to replace CMOS in the storage class memory, as they are capable of delivering outstanding performance, such as low power consumption, fast write speed, great scalability, three-dimensional integration, low cost, and compatibility with the CMOS fabrication process. Furthermore, because many materials are showing memristive effects, broadly classified as 2D materials, metal oxides, emerging materials, and organics, commercialization of this technology can open several new use cases, driving the growth of the studied market.
- Technology commercialization is possible, mainly in areas like ReRAM, hybrid circuits, synapses, neuromorphic architectures, deep learning, and reconfigurable logic. Resistive RAM, or ReRAM, has been the most developed among all the memristor-based technologies. ReRAM has had many papers published and several patents granted over the years.
- However, the technology is new and poses many challenges like state retention capacity concerning time, finding new material which fits into memristive framework, applications in analog and digital domains, response to reading/write stimulus, and compatibility issues in terms of power requirement, among others.
- Although the outbreak of COVID-19 had a minimal impact on the memristors market, the fact that the pandemic has significantly increased consumers' awareness about digital and advanced technologies is expected to have a long-term effect on the growth of the studied market as memristor presents itself as promising next-generation technology, which is expected to have a high impact on the future trends of the electronics and related industries.
Memristors Industry Segmentation
Memristors are basic circuit elements whose resistance value changes depending on the direction electric current flows through them. It can also be said that memristors are resistors that possess memory properties.
The study identifies the key market trends, opportunities, and challenges that can notably impact the growth of the memristors industry.
The Memristors Market is segmented by Application (Non-volatile Memory, Neuromorphic and Biological Systems, and Programmable Logic and Signal Processing), End-user Industry (Consumer Electronics, IT and Telecom, Automotive, and Healthcare), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. A section analyzing the impact of COVID-19 is also part of the study.
By Application | |
Non-volatile Memory | |
Neuromorphic and Biological System | |
Programmable Logic and Signal Processing |
By End-user Industry | |
Consumer Electronics | |
IT and Telecom | |
Automotive | |
Healthcare | |
Other End-user Industries |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Memristors Market Size Summary
The memristor market is poised for significant expansion, driven by its advantages over traditional passive electronic devices, such as compact size, high retention capacity, and rapid read and write capabilities. Despite being in the early stages of commercialization, memristors are expected to become mainstream due to their potential to enhance power efficiency, performance, and scalability in various applications. The technology has evolved over the past five decades, with major companies like Intel, Panasonic, and Micron leading innovations. Memristor-based memories are particularly promising for replacing CMOS in storage class memory, offering benefits like low power consumption and compatibility with existing fabrication processes. The market's growth is further supported by the increasing interest in areas such as ReRAM, hybrid circuits, and neuromorphic architectures, although challenges remain in material selection and compatibility.
North America stands out as a key region for memristor development, driven by substantial investments in research and development and a strong base of informed integrators. The region's focus on advanced electronics and edge computing, coupled with high demand for consumer electronics, is expected to fuel market growth. The memristor market is becoming increasingly competitive, with new entrants drawn by technological advancements. Major players are investing in research and development to innovate and expand their market presence. Recent developments, such as high-performance resistive memory devices and new materials for electronic components, highlight the ongoing innovation in the field. As memristors continue to evolve, they are anticipated to play a crucial role in enhancing integrated circuit design and computing across various industries, including IT, telecommunications, and industrial robotics.
Memristors Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Non-volatile Memory
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2.1.2 Neuromorphic and Biological System
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2.1.3 Programmable Logic and Signal Processing
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2.2 By End-user Industry
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2.2.1 Consumer Electronics
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2.2.2 IT and Telecom
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2.2.3 Automotive
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2.2.4 Healthcare
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2.2.5 Other End-user Industries
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Rest of the World
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Memristors Market Size FAQs
What is the current Memristors Market size?
The Memristors Market is projected to register a CAGR of 52.20% during the forecast period (2024-2029)
Who are the key players in Memristors Market?
Crossbar Inc., IBM Corporation, Knowm Inc., Samsung Group and Intel Corporation are the major companies operating in the Memristors Market.