Resistive RAM Market Size Worth $2.3 billion By 2030: IndustryARC

The Global Resistive RAM Market size is predicted to reach $2.3 billion by 2030, growing at a CAGR of 20.5 % during the forecast period 2024-2030.The Resistive RAM market is predicted to increase significantly, owing to factors such as rising consumer electronics, automotive, aerospace, and healthcare demand, which is anticipated to propel the growth of the Resistive RAM Market for the forecast period finds IndustryARC in its recent report, titled “Resistive RAM Market Size, Share & Trends Analysis Report By Type, (Conductive Bridging, Oxide Based ReRAM, Others), By Memory, (Embedded, Standalone, Discrete), By Solution (NVMe SSD, NVDIMM), By Application, (Neuromorphic Computing, Security, Data storage and Logical, Others), By End User, (Computer, IoT, Consumer Electronics, Medical, IT and Telecom, Aerospace and Defense, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030.”

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Geographically, in the global Resistive RAM Market, APAC is analyzed to grow with the highest CAGR of 28.5% during the forecast period 2024-2030. According to the India Brand Equity Foundation 2023, India's Consumer Electronics and Appliances Industry is expected to be the fifth-largest in the world by 2025 this indicates the market growth in the future. This growth is attributable to the rise of automotive and consumer electronics businesses in this region. Furthermore, the rise of connected devices and the cloud computing market will drive further market growth in this region. The robust growth of the semiconductor sector in nations such as China, Japan, and South Korea stimulates demand for new memory technologies such as Resistive RAM. Ongoing R&D initiatives in the APAC area contribute to the enhancement of Resistive RAM technology, hence promoting market expansion. Resistive RAM's broad use in consumer devices, such as smartphones and wearables, boosts its market share in APAC, these are the factors contributing to the growth of the market in this region.

 

● Aerospace and Defense Segment to Register the Highest Share:

In the Resistive RAM Market Analysis, the aerospace and defense segment is dominating market in 2023. The aerospace and defense sectors are likely to drive significant growth in the resistive RAM market, owing to an increased need for sophisticated memory solutions in these industries. The advantages of the technology, such as high-speed operation and low power consumption, are ascribed to this expansion. The increasing demand for automation and robotics in aerospace and defense applications fuels the expansion of Resistive RAM, as seen by its use in automation robots. The aerospace and defense industries need high-performance memory solutions for applications such as avionics and mission-critical systems, which is driving the use of Resistive RAM (ReRAM).

● Embedded is the Fastest Growing Segment in the Market:

In the Resistive RAM Market Analysis, the embedded segment is estimated to grow with the highest CAGR during the forecast period 2024-2030. The resistive RAM market is expanding rapidly, with the embedded segment leading the way. For instance, in November 2023, Weebit Nano, an Israeli RRAM developer, announced that it has received its first IP license money for its integrated ReRAM technology. Embedded applications in the consumer electronics, automotive, aerospace, and healthcare sectors are major contributors to the spike in demand for resistive RAM technology, which is accelerating its growth. Factors such as rising demand for resistive RAM in automation robots and its use in various embedded systems contribute to the market's rapid expansion. The consumer electronics industry is a major driver of the rise of resistive RAM in embedded systems. Resistive RAM is a potential alternative for embedded memory applications due to the increasing complexity and performance requirements of current electronic systems.

● The increasing use of Internet of Things (IoT) devices:

The resistive RAM (ReRAM) market is expanding rapidly, owing in part to the increased use of Internet of Things (IoT) devices. As IoT devices become more ubiquitous across numerous industries, there is a growing demand for enhanced memory technologies such as ReRAM to serve these devices' storage and processing needs. For instance, in February 2023, GlobalFoundries announced the acquisition of Renesas Electronics' RRAM technology for usage in chips for home and industrial IoT devices, as well as smart mobile devices. The rising demand for automated robots, a crucial application of resistive RAM, is also fueling its expansion. Because of its role in improving memory performance and compatibility with IoT applications, resistive RAM is an important component in the expanding ecosystem of connected devices. As IoT expands across industries such as consumer electronics, automotive, aerospace, and healthcare, the resistive RAM market is expected to rise significantly. 

Key Opportunity Analysis: 

Resistive RAM is witnessing tremendous growth, owing to reasons such as increased R&D activity in the industry, as well as developing trends and drivers. Resistive RAM is in high demand because to its use in a variety of industries, including consumer electronics, automotive, aerospace, and healthcare. Strategic collaborations within the industry, which drive innovation and technology breakthroughs, will also help to sustain anticipated development. Ongoing research and development efforts are aimed at improving Resistive RAM technology, which is contributing to its growing market presence. For instance, in April 2023, Weebit Nano, an Israel-based RRAM developer, announced a $40 million USD fundraising round to expedite the development and commercialization of their ReRAM technology. The capital raising included the distribution of 12 million new shares to foreign institutional investors as well as an oversubscribed share purchase plan (SPP) to existing shareholders.

Consumer electronics, automotive, aerospace, and healthcare are projected to benefit significantly from the technology. These applications are driving investments in resistive RAM enhancement and expansion. Major market participants' increasing investments in resistive random-access memory (ReRAM) technology would generate multiple prospects for industry expansion. For Instance, in March 2023, Intrinsic Semiconductor Technologies (Intrinsic), based in the United Kingdom, raised $8.4 million USD to advance and commercialize its RRAM memory technology. Octopus Ventures spearheaded the fundraising, which was supported by existing investors and the UK government. These kinds of investments are anticipated to create the opportunities for resistive RAM market.

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● Resistive RAM Market Size and Forecast 

● Resistive RAM Market Trends

● Resistive RAM Market Analysis by Deployment Type

● CAGR of the market during the forecast period 2024-2030

● Value Chain analysis of key stake holders

● Detailed analysis of market drivers and opportunities during the forecast period

● Resistive RAM Market size estimation and forecast

● Analysis and predictions on end users’ behavior and upcoming trends 

● Competitive landscape and Vendor market analysis including offerings, developments, and financials

● Comprehensive analysis of challenges and constraints in the Resistive RAM Market.

● The Covid-19 epidemic has had a significant impact on the world. The COVID-19 pandemic is likely hindering the market's overall expected growth, owing to supply chain disruption, with some companies reporting a scarcity of components such as inductors and capacitors for manufacturing. However, new material discovery and implementation are projected to raise demand for resistive random-access memory in a variety of verticals around the world in the coming years. Major memory-related technology businesses may have adapted to the challenges given by COVID-19. Resilient businesses would most likely discover ways to handle supply chain challenges while continuing to invest in developing technologies such as RRAM.

● The Russian invasion of Ukraine in 2022, the Russia-Ukraine conflict has caused geopolitical tensions and economic uncertainty around the world, affecting a variety of industries. The conflict has the potential to disrupt the worldwide supply chain, hurting electronic component production and distribution, particularly Resistive RAM (ReRAM) technology. Many ReRAM producers and technology developers rely on international markets. The war may have an impact on these dependencies, causing delays or shortages in ReRAM-related items. Economic ramifications of the war could cause alterations in market dynamics for new technologies such as ReRAM. In response to global developments, investors and industry participants may rethink their strategies.

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The key companies profiled in the Resistive RAM Market Report are listed below:

1. Panasonic Corporation

2. Fujitsu Ltd

3. Crossbar Inc

4. Rambus Inc.

5. Weebit

6. Micron Technology Inc,

7. Taiwan Semiconductor Manufacturing Company Limited

8. 4DS Memory Limited

9. Renesas Electronics Corporation

10. Sony Corporation

11. Adesto Technologies

12. Dialog Semiconductor Plc

13. Intel Corp

14. Toshiba Corp

15. Viking Technology

 

Magneto Resistive RAM Market – The Magneto Resistive RAM Market size is projected to grow at a CAGR of 35.6% from 2023 to 2030, MRAM is increasingly being used in a variety of industries and applications, including enterprise storage and consumer electronics.

Surface Computing Market – The Surface Computing Market size is projected to grow at a CAGR of 34.4% during the forecast period from 2023 to 2030. The market is expected to grow rapidly, driven by the adoption of multi-user tabletops and user-friendly interfaces.

Touchscreens Market – The Touchscreens Market size is growing at a CAGR of 8.8% during the forecast period 2023 to 2030. The increasing innovations in smartphone technology coupled with developments in hardware technology are boosting market growth.

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Mr. Venkat Reddy

IndustryARC

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