Global memristors market is anticipated to grow at an exponential CAGR of 52.2% during the forecast period (2024-2031). A major factor supporting the growth of the market is the expansion of electronics industry. In consumer electronics, the need for increased memory density and reduced power consumption is on the rise, and memristors are expected to meet these demands. The adoption of memristors in the consumer electronics sector, particularly in wearables and connected devices, is projected to drive rapid growth during the forecast period.The increasing demand for smartphones, laptops, and similar consumer electronics has heightened the need for high-density and high-speed storage solutions that memristors can offer. Memristors are non-volatile, ensuring data retention even when the power is off, making them suitable for devices where data storage is critical.
Browse the full report description of “Memristors Market Size, Share & Trends Analysis Report byType (Molecular & Ionic Film Memristor and Spin Based & Magnetic Memristor), by Industry Vertical (Electronics, IT & Telecommunication, Industrial, Aerospace & Defense, Automotive and Healthcare), and by Application (Digital memory, Logic circuits,and Biological and Neuromorphic Systems)Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/memristors-market
The rising demand for AI & ML applications has further increased the need for fast and high-density memory solutions, contributing to the growing adoption of memristor memory devicesAccording to new data from the International Data Corporation (IDC), global shipments of wearable technology reached 153.5 million in the fourth quarter of 2020, representing an increase of 27.2% over the same period in the previous year. The high usage of memristos in wearables is further aiding to the global market growth.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Industry Vertical
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesKnowm Inc., Intel Corp., SAMSUNG,Panasonic Corp., among others.
Key questions addressed by the report.
Global Memristors Market Report Segment
By Type
By Industry Vertical
By Application
Global Memristors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/memristors-market