Global Memristive Devices For Computing Market Overview
The key driver impacting the memristive devices for the computing market is the growing demand from the rapidly growing consumer electronics industry. For instance, according to the Invest India recent report, The global electronics market is anticipated to be around $2 trillion. India's global electronics manufacturing share had grown from 1.3% in 2012 to 3% in 2018. India is one of the largest and expanding electronics markets worldwide, and it is estimated to reach $400 bn by 2025. Also, the benefits provided by these memory technologies including rapid switching speed, high scalability, large ON & OFF ratio, multilevel cell functionalities, long retention, simple structure, low energy, non-destructive reading, stackability, low costs, and high CMOS compatibility. These benefits boost the demand for these memory technologies from the end-user industry. Moreover, the increased utilization in crossbar array for real-time applications contributes to the memristive devices for computing's market growth in the coming years.
According to Value Market Research, the global Memristive Devices For Computing market size was valued at USD 4500 million in 2020 and is estimated to grow at a CAGR of about 50% during the forecast period 2021 to 2027.
The growing need for memory technologies for efficient computing in the probable future is estimated to augment memristive devices for computing in the forecast period. Strong demand from smartphones, tablets, computer peripherals, and cloud vendors dramatically contributes to the market growth in the years ahead. However, the issues related to integration may hamper the market in the long run. Also, the non-linearity & variability and switching endurance of the devices negatively impact the market. The current industry trends, such as the emergence of advanced technologies such as Artificial Intelligence, cloud computing, Virtual Reality, Augmented Reality, and Big Data analytics, is expected to offer key players with new market opportunities.
The memristive devices for the computing market are vast, with many local and global players. The memristive devices for the computing market are extensive, with many regional and international players. important market leaders follow several strategies to raise their market status, such as extending product portfolio, acquisitions, expanding product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The significant players studied in the report include Intel Corporation, Sk Hynix Inc., L.P., SanDisk Corporation, Panasonic Corporation, Toshiba Corporation, Crossbar, Inc., IBM, and Samsung Group.
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In this research report, the Memristive Devices For Computing market are segmented by end-user industry, application, and region.
Analysis by End-User Industry:
By end-user industry, the report is categorized into Consumer Electronics, Healthcare, Automotive, and IT & Telecom. The Consumer Electronics segment dominates the end-user industry segment with over 30% share in 2020. It is due to the rapidly expanding consumer electronics sector due to the rising demand for electronics items by consumers. Moreover, these devices offer several benefits such as energy efficiency, density, reconfigurability, non-volatile memory, novel computational structures and approaches, massive parallelism, etc., that contribute to the enormous demand from the consumer electronics industry segment in the forecast period.
Analysis by Application:
By application, the report is categorized into Spiking Neural Networks, Non-volatile Memory Systems, Programmable Logic and Signal Processing Systems, Artificial Neural Networks, Machine Learning, and Neuromorphic Computing Systems. The Non-volatile Memory Systems segment dominates the application segment with over 15% share in 2020. The non-volatile memory includes flash memory, read-only memory (see ROM). It is a part of most types of magnetic computer storage devices (e.g., floppy discs, hard disks, and magnetic tape), optical discs, and early computer storage methods such as punched cards and paper tape.
Analysis by Region:
In the regional outlook of the global memristive devices for computing market, the North America region dominates globally with a 35% market share in the forecast period. It is due to the launch of innovative technologies such as spatial computing, IIoT, flying cars, and automotive vehicles, and their acceptance in the countries like Canada and the U.S. Moreover, the high presence of major industry participants contributes to tremendous market growth across North America.
Market Segmentation covered in the Report:
By End-User Industry
- Consumer Electronics
- Healthcare
- Automotive
- IT & Telecom
By Applications Segment Analysis
- Spiking Neural Networks
- Non-volatile Memory Systems
- Programmable Logic and Signal Processing Systems
- Artificial Neural Networks
- Machine Learning
- Neuromorphic Computing Systems
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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