Resistive Random Access Memory Market

Resistive Random Access Memory
Market - Global Industry Insights,
Trends, Outlook, and Opportunity
Analysis, 2017–2025
Resistive random access memory is a non-volatile random access computer memory
which works on the basis of changing the resistance over a dielectric solid state
material. Resistive random access memory is based on the idea of applying the
memory function by exchanging the resistance of the material between a high and low
state. Resistive random access memory, which is a non-volatile memory, is expected to
grab a market share by replacing static random access memory and dynamic random
access memory. The replacement will be possible due to various benefits provided by
resistive random access memory such as high storage density and 3D packing,
permitting layers of memory gadgets to be coordinated in one chip, quick switching for
fast exchange of information, and utilizing less energy per switching cycle.
The increasing adoption of sensors technology such as wearable devices in various
regions, has increased demand for fast data transfers and high storage density, in turn
providing immense opportunity for growth of the resistive random access memory
market globally. Around 232 million wearable devices were sold in 2015, which rose up
to 275 million in 2016, and is estimated to reach up to 323 million units sales by 2017.
Hence, rising sales of wearable devices has led to increasing demand for resistive
random access memory. In addition to this, the increasing installation of internet of
things devices globally also provides scope for the growth of the resistive random
access memory market at global level. According to Coherent Market Insights, approx.
17.7 billion internet of things devices were installed globally in 2016, and is estimated to
reach up to 30.7 billion by 2020.
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The high costs of resistive random access memory has become one of the major
challenges hindering growth of this market. The innovation and implementation of new
materials, over the coming years, is expected to reduce costs and increase the demand
for resistive random access memory in various verticals.
Resistive Random-Access Memory Market Taxonomy
On the basis of application, the global resistive random-access memory market is
classified into:
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Consumer Electronics
Robotics
Automotive
Enterprise Storage
Aerospace & Defense
Others
Resistive Random Access memory Market Outlook – Asia Pacific holds the
largest market of the global resistive random access memory.
Asia Pacific held a dominant position in the global resistive random access memory
market in 2016 and is estimated to retain its dominance throughout the forecast period.
China and India are some of the major countries that drive growth for the market in Asia
Pacific. The increasing consumer electronics and automotive industry fuels the demand
for resistive random access memory in Asia Pacific countries. In India, the production of
the electronic market has generated a revenue of US$36.2 billion in 2016, from
US$31.6 billion in 2015 and is predicted to reach up to $104 billion by 2020. The
consumer electronic holds 8.3% of the total production of electronic goods. Moreover,
the resistive random access memory market in North America also plays a major role in
growth of the market. The increasing internet of things device market and rising trend of
body wearable devices, provides immense opportunity for growth of the resistive
random access memory market in the North American region.
Key Companies of the Global Resistive Random-Access Memory Market
Crocus Nano Electronics LLC, Toshiba Corporation, Spin Transfer Technologies,
Everspin Technologies Inc., and Avalanche Technology Inc. are some of the key
companies of the global resistive random-access memory market.
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ory-market-656
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Resistive Random Access Memory Market report categorizes global market on the basis of applications and other industry segmentations - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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