PUBLISHER: The Business Research Company | PRODUCT CODE: 1532063
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532063
Resistive random-access memory (ReRAM) is a type of non-volatile memory technology that stores data by changing the resistance of a material. This memory technology achieves data storage by altering the resistance levels of a material, toggling between high-resistance (HRS) and low-resistance states (LRS).
The main types of resistive random-access memory (ReRAM) include conductive bridging, oxide-based ReRAM, and others. Conductive bridging is a segment of the ReRAM market where data storage is accomplished by modifying material resistance through electrical impulses, creating a conductive path. ReRAM has various forms, including embedded and standalone memories, providing solutions such as non-volatile memory express solid-state drives (NVMe SSD) and non-volatile dual in-line memory modules (NVDIMM) for applications in neuromorphic computing, security, data storage, and logical applications in computer systems, Internet of Things (IoT), consumer electronics, medical devices, information technology (IT) and telecommunications (Telecom), aerospace and defense, and other end-user industries.
The resistive random-access memory (ReRAM) market research report is one of a series of new reports from The Business Research Company that provides resistive random-access memory (ReRAM) market statistics, including the resistive random-access memory (ReRAM) industry global market size, regional shares, competitors with resistive random-access memory (ReRAM) market share, detailed resistive random-access memory (ReRAM) market segments, market trends, and opportunities, and any further data you may need to thrive in the resistive random-access memory (ReRAM) industry. These resistive random-access memory (ReRAM) market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The resistive random-access memory (ReRAM) market size has grown rapidly in recent years. It will grow from $0.52 billion in 2023 to $0.61 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth observed in the historic period can be attributed to several factors, including government initiatives and support, the proliferation of embedded systems, increasing data generation and storage requirements, advancements in materials science enabling, and the evolution of the semiconductor industry.
The resistive random-access memory (ReRAM) market size is expected to see rapid growth in the next few years. It will grow to $1.17 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The expected growth in the forecast period can be attributed to several factors, including higher data security requirements, decreasing manufacturing costs of ReRAM, specific requirements and preferences of end-users, government funding and grants, and a growing need for faster and more efficient memory solutions. Major trends anticipated during this period include advances in nanotechnology, advancements in fabrication technologies, technological convergence in consumer devices, adoption of cloud computing, and the development of eco-friendly computing solutions.
The resistive random-access memory (ReRAM) market is poised for growth due to the increasing demand for consumer electronics. Consumer electronics encompass devices used daily by individuals for entertainment, communication, and productivity, driven by factors such as technological advancements, connectivity, rising disposable income, innovation, e-commerce expansion, shorter replacement cycles, and globalization. ReRAM benefits consumer electronics by offering higher speed, lower power consumption, increased storage capacity, improved reliability, faster data transfer, and compatibility with emerging technologies. For example, Japan's electronic equipment output and consumer electronics production saw an increase in May 2023 compared to the previous year, indicating the growing demand for such devices and subsequently, the ReRAM market.
Leading companies in the ReRAM market are focusing on developing innovative products with advanced technologies, particularly non-volatile memory technology. This technology ensures data storage even during power interruptions. ReRAM, utilizing this technology, alters material resistance to store data, providing high density and low power consumption benefits. For instance, Infineon Technologies launched PSoC Edge microcontrollers in November 2023, featuring non-volatile RRAM for reliable data storage in IoT applications requiring efficient and secure memory solutions, enhancing user experiences with intelligent computing and machine learning capabilities.
In February 2023, GlobalFoundries acquired Renesas Electronics Corporation to strengthen its memory portfolio, especially in energy-efficient IoT applications, by integrating Renesas' conductive bridging random access memory (CBRAM) technology. This move allows customers to design advanced, secure, and intelligent devices, leveraging non-volatile memory solutions such as resistive random-access memory (ReRAM) for enhanced performance and reliability.
Major companies operating in the resistive random-access memory (ReRAM) market are Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited, Panasonic Holdings Corporation, International Business Machines Corporation, SK Hynix Inc., Micron Technology Inc., Hewlett Packard Enterprise, Fujitsu Limited, Toshiba Corporation, Texas Instruments Incorporated, Western Digital Corporation, NXP Semiconductors, United Microelectronics Corporation, Macronix International Co. Ltd., Gigadevice Semiconductor Inc., Rambus Inc., Adesto Technologies Corporation, Weebit Nano, Crossbar Inc., 4DS Memory Limited, Interuniversity Microelectronics Centre
Asia-Pacific was the largest region in the resistive random-access memory (ReRAM) market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the resistive random-access memory (ReRAM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the resistive random-access memory (ReRAM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The resistive random-access memory (ReRAM) market consists of revenues earned by entities by providing services such as advanced data storage solutions, enhanced performance for computing systems, and integration support for next-generation electronic devices. The market value includes the value of related goods sold by the service provider or included within the service offering. The resistive random-access memory (ReRAM) also includes sales of high-speed memory chips, energy-efficient storage modules, memory cells, access transistors, sense amplifiers, and decoders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Resistive Random-Access Memory (ReRAM) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on resistive random-access memory (ReRAM) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for resistive random-access memory (ReRAM) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The resistive random-access memory (ReRAM) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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