Memristors Market Growth Analysis

Market Insights

The Memristors Market is projected to grow from USD 2.4 billion in 2020 to USD 28.6 billion by 2026 at a CAGR of around 52.4% during the forecast period.

Wish to get a free sample? Register Here

What is a memristor?

A memristor is defined as a non-volatile electronic memory device. It is a non-linear two-terminal electrical component relating to electric charge and magnetic flux linkage. Based on type, a memristor can be categorized as molecular and iconic thin FLIR memristor, magnetic and spin-based memristor, and others.

Key Players

Key players operating in the Memristors market are-

• Toshiba Corporation (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Texas Instruments Incorporated (US)
• International Business Machines Corporation (US)
• Fujitsu Limited (Japan)
• Intel Corporation (US)
• Sony Group Corporation (Japan)
• Micron Technology, Inc. (US)
• Unity Semiconductor SAS (France)
• Sharp Corporation (Japan)
• Advanced Micro Devices, Inc. (US)
• Adesto Technologies (US)
• Cypress Semiconductor Corporation (US)
• Winbond Electronics Corporation (Taiwan)
• The Hewlett Packard Enterprise Company (US)
• SK hynix Inc. (South Korea).

Market Dynamics

The growth of the memristors market is primarily driven by widespread product use in a broad range of applications including the replacement of transistors, programmable logic, neural networks, and others. Expanding the electrical & electronics industry is propelling the market growth substantially. In addition to this, increasing product adoption in the automotive and healthcare industries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The COVID-19 outbreak impacted the growth of the memristors market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which affected the product supply for a short period.

Segment Analysis

End-Use Industry Trends

The memristors market has been bifurcated into consumer electronics, IT & telecom, automotive, healthcare, and others. The consumer electronics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing demand for consumer electronics across geographies.

Regional Analysis

The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the presence of established end-use industries and key market players such as Universal Texas Instruments Incorporated (US) and International Business Machines Corporation (US). The market in Asia-Pacific is expected to be driven by rising product adoption in the end-use industries in developing countries such as China and India.

To get the full scope of the report, Register Here

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.