
Overview and ScopeThe 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.
Sizing and ForecastThe 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 in the historic period can be attributed to government initiatives and support, proliferation of embedded systems, growing data generation and storage requirements, improvements in materials science enabling, and semiconductor industry evolution.
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 growth in the forecast period can be attributed to higher data security requirements, decreasing manufacturing costs making ReRAM, specific requirements and preferences of end-users, government funding and grants, and growing need for faster and more efficient memory solutions. Major trends in the forecast period include advances in nanotechnology, advancements in fabrication technologies, technological convergence in consumer devices, adoption of cloud computing, and eco-friendly computing solutions.
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Segmentation & Regional InsightsThe resistive random-access memory (ReRAM) market covered in this report is segmented –
1) By Type: Conductive Bridging, Oxide Based Resistive Random-Access Memory (ReRAM), Other Types2) By Memory: Embedded, Standalone3) By Solution: Non-Volatile Memory Express Solid-State Drive (NVMe SSD), Non-Volatile Dual In-line Memory Module (NVDIMM)4) By Application: Neuromorphic Computing, Security, Data Storage, Logical5) By End-User: Computer, Internet Of Things (IoT), Consumer Electronics, Medical, Information Technology (IT) And Telecommunications (Telecom), Aerospace And Defense, Other End-Users
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.
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Major Driver Impacting Market GrowthThe growing demand for consumer electronics is expected to propel the growth of the resistive random-access memory market going forward. Consumer electronics refer to electronic devices intended for everyday use by individuals, typically for entertainment, communication, and productivity purposes. The demand for consumer electronics is driven by technological advancements, increased connectivity, rising disposable income, product innovation, e-commerce growth, shorter replacement cycles, and globalization. Resistive random-access memory (ReRAM) helps consumer electronics by offering higher speed, lower power consumption, increased storage capacity, improved reliability, faster data transfer, and compatibility with emerging technologies. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, Japan’s electronic equipment output in May 2023 amounted to 771,457 units, with consumer electronics production reaching 32,099 units, marking an increase from 25,268 units in May 2022. Therefore, the growing demand for consumer electronics is driving the growth of the resistive random-access memory market.
Key Industry PlayersMajor 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
The resistive random-access memory (reram) market report table of contents includes:
1. Executive Summary2. Market Characteristics3. Market Trends And Strategies4. Impact Of COVID-195. Market Size And Growth6. Segmentation7. Regional And Country Analysis...27. Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions29. Future Outlook and Potential Analysis
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