Global Memristor Market size is projected to be valued $4.7 Billion by 2024; with a CAGR of 80% from 2017 to 2025. Memristor has gained wide popularity among various application areas such as defense, electronics, industrial, IT & telecommunication, automotive, and healthcare because of its ability to retain its resistance value during power cut. In addition, various attractive features such as compact size and high retention is raising the popularity of increase in demand for compact memory devices in smart watches and other wearable devices show an increasing trend for memristors in the near future.
Surge in demand for larger data storage capacity chips and problem of heat generation in devices due to higher densities are the major factors driving the global memristor market. Moreover, growing acceptance of industrial robots has also supplemented the demand for compact and advanced memory. However, lack of skilled professionals would act as a restraint for the market. Growing consumer awareness regarding technological innovations and capability of memristors to replace the increasing number of transistors on a circuit would provide several growth opportunities for the market in the coming years.
The global memristor market has been segmented on the basis of product type, industry vertical, and geography. By product type, the market is further segmented into molecular & ionic film memristor and spin based & magnetic memristor. By industry vertical, the market is categorized into electronics, industrial, automotive, healthcare, IT & telecommunication and aerospace & defense.
Based on geography, the global memristor market has been segmented into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, Italy, Spain, and others. Asia-Pacific covers China, Japan, Taiwan, South Korea, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the Memristor market are Rambus Incorporated, Samsung, SanDisk Corporation, Toshiba Corporation, Intel Corporation, Knowm Inc., Micron Technology, Inc., Panasonic Corporation, HP Development Company, and Sk Hynix Inc., among others.
The report covers
Scope of the Global Memristor Market
Product Type Segments
Industry Vertical Type Segments