Memristor Market

Global Memristor Market Size, Share & Trends Analysis Report By Type (Molecular & Ionic Thin Film Memristors and Spin & Magnetic Memristors), By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23101 Publication Date: June-2024 Number of Pages: 192
2023
USD 253.1 Million
2031
USD 5.7 Billion
CAGR
47.7%
Historical Data
2020 to 2022

Market Report Description

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.

Memristor Market Size - Global Opportunities and Trends Analysis Report 2020-2031

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.

Driving and Restraining Factors
Memristor Market
  • Demand for high-density storage and non-volatile memory.
  • Rising demand for miniaturization and flexibility
  • Expansion of ICT and telecom industry
  • Competition with established technologies
  • Technical reliability and longevity concerns
  • Growing demand in the healthcare sector
  • Rapid expansion of the automotive industry
  • High costs of the manufacturing process
  • Limited industry standards and ecosystem support

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.

Memristor Market Share and Industry Analysis Report 2023

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.

Free Valuable Insights: Global Memristor Market size to reach USD 5.7 Billion by 2031

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.

Memristor Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 253.1 Million
Market size forecast in 2031 USD 5.7 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 47.7% from 2024 to 2031
Number of Pages 192
Number of Tables 270
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Type, Industry Vertical, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included 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. and Everspin Technologies, Inc.
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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.

Memristor 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

Frequently Asked Questions About This Report

This Market size is expected to reach $5.7 billion by 2031.

Demand for high-density storage and non-volatile memory are driving the Market in coming years, however, Competition with established technologies restraints the growth of the Market.

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. and Everspin Technologies, Inc.

The expected CAGR of this Market is 47.7% from 2023 to 2031.

The Consumer Electronics segment is leading the Market by Industry Vertical in 2023; thereby, achieving a market value of $2.3 billion by 2031, growing at a CAGR of 46.8 % during the forecast period.

The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.2 billion by 2031.

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