ReRAM Market Scope
ReRAM is a next-generation memory device that is highly becoming popular in wearables and emerging technologies such as IoT, robotics, autonomous vehicles, etc. due to its low power consumption and high storage capability. Increasing demand for high-performance memory for enterprise storage due to digital transformation may create noteworthy opportunities in the global market. However, increasing digitalization in Asia Pacific countries such as China and India is likely to fuel market growth in the near future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SK Hynix Inc. (South Korea), Micron Technology, Inc. (United States), Fujitsu (Japan), CrossBar, Inc. (United States), Panasonic Corporation (Japan), Rambus Incorporated (United States), Sandisk (Western Digital Corporation) (United States), Renesas Electronics Corporation (Japan), 4DS Memory Limited (Australia), Intel Corporation (United States), DB HiTek Co., Ltd. (South Korea), Weebit (Israel), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), STMicroelectronics N.V. (Switzerland) and Infineon Technologies AG (Germany) |
CAGR | % |
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market.
SK Hynix Inc. (South Korea), Micron Technology, Inc. (United States), Fujitsu (Japan), CrossBar, Inc. (United States), Panasonic Corporation (Japan), Rambus Incorporated (United States), Sandisk (Western Digital Corporation) (United States), Renesas Electronics Corporation (Japan), 4DS Memory Limited (Australia), Intel Corporation (United States), DB HiTek Co., Ltd. (South Korea), Weebit (Israel), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), STMicroelectronics N.V. (Switzerland) and Infineon Technologies AG (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global ReRAM market by Type , by Application (Medical Devices, Consumer Electronics, IoT Devices, Automotive, Enterprise Storage and Others) and Region with country level break-up.
On the basis of geography, the market of ReRAM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
In October 2023, Weebit and DB HiTek signed a commercial agreement. The agreement allows DB HiTek for the use of Weebit ReRAM in consumer, industrial, and other IoT devices. The agreement also includes licensing and technology transfer for the use of Weebit technology for other process nodes.
Influencing Trend:
Emerging Trends of AI and Machine Learning May Increase the Adoption of ReRAM in Neuromorphic Computing and Growing Popularity of Low-Powered Embedded ReRAM for IoT Applications
Market Growth Drivers:
Rapid Growth of Internet of Things (IoT) Devices, Autonomous Vehicles, and Wearables Across The Globe and Increasing demand for Non-volatile and High-performance Memory for Application in Emerging Technologies
Challenges:
Lack of Awareness Among End Users and Availability of Other Memory Technologies at Low Cost
Restraints:
High Cost of Emerging Memory Technologies and Lack of Standardization
Opportunities:
Increasing Industrialization and Adoption of Connected Devices in Developing Economies Such as China and India
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, ReRAM Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others