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DUBLIN, Oct. 14, 2022 /PRNewswire/ — The “Memristors Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The memristor market was valued at US$1,092.227 million in 2020 and is expected to grow steadily with a CAGR of 9.75% to reach a total market size of US$2,095.528 million in 2027.
Memristors limit or regulate the flow of electrical current in a circuit and keep track of the amount of charge passed through them previously. Because their memory is non-volatile, memristors can retain information without power. The use of memristors is widespread in portable electronics, industrial robotics, supercomputers, servers, and data centers.
Memristor’s market share is dominated by the electronics and IT & telecommunication industries. In comparison with other memory elements, memristors have the key advantage of assisting electronic device manufacturers with developing devices with neural architecture. Memory memristors are considered a possible replacement for CMOS in storage class memories because they possess outstanding performance characteristics, such as fast writes, low energy consumption, ease of scaling, ease of integration with three dimensions, and compatibility with traditional CMOS fabrication methods.
Market growth has primarily been driven by the advantages of memristors over other memory technologies, an increase in industrial robots that require memory, the rise of smartwatches, smartphones, and other smart wearables, as well as the rise in data centers around the world. While the Internet of Things (IoT) trend grows, there are new opportunities in the market for memristor players.
