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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.
Report Attribute | Details |
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Base Year: | 2023 |
Memristor Market Size in 2023: | USD 205 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 54.1% |
2032 Value Projection: | USD 9.5 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 359 |
Segments covered: | Type, material, technology, end-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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