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Memristor Market Size

  • Report ID: GMI12371
  • Published Date: Nov 2024
  • Report Format: PDF

Memristor Market Size

The global memristor market size was valued at USD 205 million in 2023 and is anticipated to grow at a CAGR of 54.1% between 2024 and 2032. Advancements in neuromorphic computing and AI applications drive the market by enabling efficient, brain-like processing. Memristors emulate synaptic functions, enhancing AI systems’ speed and energy efficiency. This is crucial for applications in healthcare, automotive, and robotics, where high performance and low power consumption are essential.

 

Consequently, the demand for memristors in these innovative fields is significantly boosted. For instance, in February 20222, Rain Neuromorphics Inc., a startup that designs chips that replicate how the brain works and seeks to service businesses with artificial intelligence (AI) algorithms, has raised USD 25 million. The company's chips are created by layering a memristor circuit on top of silicon wafers. With the new capital, the company hopes to grow its market presence even further.

 

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global memristor industry was valued at USD 205 million in 2023 and is anticipated to grow at a 54.1% CAGR from 2024 to 2032, driven by advancements in neuromorphic computing and AI applications.

The molecular and ionic thin film memristors segment is expected to exceed USD 2 billion by 2032 due to their ultra-small sizes, which are crucial for scaling down devices in line with Moore's Law.

North America accounted for over 35% of the global memristor industry in 2023, led by substantial R&D investments and the presence of leading universities and research institutions in the U.S.

Key players in the industry include Adesto Technology, IBM Corporation, Intel Corporation, Micron Technologies Inc., Samsung Group, Sony Corporation, and Western Digital Corporation.

Memristor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 359
  • Countries covered: 21
  • Pages: 200
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