The Global Memristor Market size is expected to reach $5.7 billion by 2031, rising at a market growth of 47.7% CAGR during the forecast period.
North America attracts significant venture capital investment in technology startups and innovative companies. Thus, the North America region acquired 39.3% revenue share in the market 2023. Many memristor-related startups receive funding to develop and commercialize memristor-based products and solutions, driving innovation and market growth in the region. Also, major companies, research institutions, and startups are actively involved in developing and commercializing memristor technology for various applications such as memory, computing, and neuromorphic systems.
The foundation of the digital economy is data centers need high-density storage options in order to effectively store and handle enormous volumes of data. Memristors enable denser storage configurations, reducing the physical footprint and energy consumption of data center infrastructure while improving overall performance and reliability.
Additionally, according to the International Trade Administration (ITA), in 2023, the UK's ICT industry had $170 billion in digital tech annual turnover. It is the second-largest ICT industry in terms of ICT spending per head ranking. Over 100,000 software companies are in the industry. Therefore, the ICT and telecom industries are crucial in boosting the market.
However, Established technologies such as NAND flash, DRAM, and hard disk drives (HDDs) have dominated the memory and storage industry for decades. These technologies have well-established supply chains, manufacturing processes, and infrastructure, making it difficult for new entrants like memristors to gain market share.
North America attracts significant venture capital investment in technology startups and innovative companies. Thus, the North America region acquired 39.3% revenue share in the market 2023. Many memristor-related startups receive funding to develop and commercialize memristor-based products and solutions, driving innovation and market growth in the region. Also, major companies, research institutions, and startups are actively involved in developing and commercializing memristor technology for various applications such as memory, computing, and neuromorphic systems.
The foundation of the digital economy is data centers need high-density storage options in order to effectively store and handle enormous volumes of data. Memristors enable denser storage configurations, reducing the physical footprint and energy consumption of data center infrastructure while improving overall performance and reliability.
Additionally, according to the International Trade Administration (ITA), in 2023, the UK's ICT industry had $170 billion in digital tech annual turnover. It is the second-largest ICT industry in terms of ICT spending per head ranking. Over 100,000 software companies are in the industry. Therefore, the ICT and telecom industries are crucial in boosting the market.
However, Established technologies such as NAND flash, DRAM, and hard disk drives (HDDs) have dominated the memory and storage industry for decades. These technologies have well-established supply chains, manufacturing processes, and infrastructure, making it difficult for new entrants like memristors to gain market share.
Type Outlook
Based on type, the market is characterized into molecular & ionic thin film memristors and spin & magnetic memristors. The molecular & ionic thin film memristors segment garnered 58.8% revenue share in the market in 2023. Molecular and ionic thin film memristors offer advantages in terms of high performance.
Industry Vertical Outlook
On the basis of industry vertical, the market is classified into consumer electronics, IT & telecommunication, automotive, healthcare, and others. The healthcare segment recorded 7.8% revenue share in the market in 2023. With memristor-based technologies, healthcare providers can collect and analyze large datasets from individual patients, leading to personalized treatment plans.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 24.6% revenue share in the market in 2023. Asia Pacific countries, particularly China, Japan, South Korea, and Taiwan, are at the forefront of technological innovation.List of Key Companies Profiled
- Sony Corporation
- Toshiba Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- Micron Technology, Inc.
- IBM Corporation
- Intel Corporation
- SK Hynix Inc.
- Honeywell International Inc.
- Everspin Technologies, Inc.
Market Report Segmentation
By Type
- Molecular & Ionic Thin Film Memristors
- Spin & Magnetic Memristors
By Industry Vertical
- Consumer Electronics
- IT & Telecommunication
- Automotive
- Healthcare
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Memristor Market by Type
Chapter 5. Global Memristor Market by Industry Vertical
Chapter 6. Global Memristor Market by Region
Chapter 7. Company Profiles
Companies Mentioned
- Sony Corporation
- Toshiba Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- Micron Technology, Inc.
- IBM Corporation
- Intel Corporation
- SK Hynix Inc.
- Honeywell International Inc.
- Everspin Technologies, Inc.
Methodology
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