Memristor Market by Applications (Non-volatile Memory, Neuromorphic & Biological Systems, and Programmable Logic & Signal Processing), End-user Industries (Consumer Electronics, IT & Telecom, Automotive, and Healthcare), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global memristor market size was USD 2432.68 Million in 2020 and is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing awareness about its features such as improving performance and bandwidth requirement and augmenting data transfer rate.
Memristor is a passive non-volatile electronic component, which possesses the property of both the memory and resistor. It is considered as the fourth fundamental component after resistor, capacitor, and inductor. A memristor consists of two terminal electrical components that regulates the flow of electrical current in a circuit and can store the amount of charge that previously flowed through it. On the stoppage of the current, the component stores the last resistance. The mermistor’s resistance increases on the flow of current in one direction, while its resistance decreases on the flow of the current in opposite direction.
Memristor can assist in developing energy efficient and significant computing systems with dynamic memory. This component can be used in remote sensing applications and can replace transistors and imitate neuromorphic and biological systems. The resistance of a memristor varies according to the function of the device. Memristor are basic circuit elements, the resistance value of which changes depending on the direction in which electric current is flowing through it. Parameter random access memory (RRAM) is the latest technology used in the memristors.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing adoption of memristors in non-volatile memory solutions, low power, and remote sensing applications are projected to boost the market growth.
- Memristor are expected to replace transistors that are currently used with small solid-state memristor, which is expected to be a key factor driving the market growth during the forecast period.
- Rising demand for memory density and high processing power systems is anticipated to propel the memristor market.
- Memristor-based memories are considered as a huge prospect to replace complementary metal–oxide–semiconductor (CMOS) in the storage class memory. This factor can act as a major driver of the market.
- Increasing investment on the memristor-based technologies is projected to spur the market expansion in the coming years.
Scope of the Report
The report on the global memristor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Memristor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Non-volatile Memory, Neuromorphic & Biological Systems, and Programmable Logic & Signal Processing), End-user Industries (Consumer Electronics, IT & Telecom, Automotive, and Healthcare) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Crossbar Inc., IBM Corporation, Knowm Inc., Samsung Group, and Intel Corporation. |
Market Segment Insights
Neuromorphic & biological systems segment to account a large market share
Based on applications, the market is divided into non-volatile memory, neuromorphic & biological systems, and programmable logic & signal processing. The neuromorphic & biological system segment is expected to constitute a key market share of the market during the forecast period owing to introduced advancements in cognitive psychology, artificial intelligence (AI) modelling, and machine learning (MI).
Consumer electronics segment to grow at a significant pace
In terms of end-user industries, the market is segmented into consumer electronics, IT & telecom, automotive, and healthcare. The consumer electronics segment is projected to expand at a rapid pace during the forecast period due to growing requirements for high-speed performance systems in the consumer electronics sector. The adoption of memristor in the consumer electronics sector is mainly driven by wearable and connected devices that are expected to expand at a high CAGR in the coming years. Cisco Systems estimates that the number of connected wearable devices may reach 1,102 million units by 2022 from 591 million units in 2018.
North America to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period owing to the high adoption of memristors in various electrical systems. Increasing investment on edge computing and system on-chip (SoC) is further driving the market growth in the region.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Memristor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Memristor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Memristor Market - Supply Chain
4.5. Global Memristor Market Forecast
4.5.1. Memristor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Memristor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Memristor Market Absolute $ Opportunity
5. Global Memristor Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Memristor Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Memristor Demand Share Forecast, 2019-2026
6. North America Memristor Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Memristor Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Memristor Demand Share Forecast, 2019-2026
7. Latin America Memristor Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Memristor Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Memristor Demand Share Forecast, 2019-2026
8. Europe Memristor Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Memristor Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Memristor Demand Share Forecast, 2019-2026
9. Asia Pacific Memristor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Memristor Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Memristor Demand Share Forecast, 2019-2026
10. Middle East & Africa Memristor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Memristor Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Memristor Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Memristor Market: Market Share Analysis
11.2. Memristor Distributors and Customers
11.3. Memristor Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Crossbar Inc.
11.4.2. IBM Corporation
11.4.3. Knowm Inc.
11.4.4. Samsung Groupa
11.4.5. Intel Corporation
Segments Covered in the Report
The global memristor market has been segmented on the basis of
Applications
- Non-volatile Memory
- Neuromorphic & Biological Systems
- Programmable Logic & Signal Processing
End-user Industries
- Consumer Electronics
- IT & Telecom
- Automotive
- Healthcare
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Crossbar Inc.
- IBM Corporation
- Knowm Inc.
- Samsung Group
- Intel Corporation
Key players competing in the memristor market include Crossbar Inc., IBM Corporation, Knowm Inc., Samsung Group, and Intel Corporation.
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