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Memristive Devices for Computing Market: By Application (Spiking Neural Networks, Non-Volatile Memory Systems, Programmable Logic and Signal Processing Systems, Artificial Neural Networks, Machine Learning, Neuromorphic Computing Systems), By End Use Industry (Consumer Electronics, IT & Telecom, Healthcare, Automotive), And Region - Global Analysis of Market Size, Share & Trends for 2021-2022 And forecasts to 2032
Memristive devices are simply electrical resistance switches that can proficiently maintain an internal resistance state dependent on the history of current and applied voltage. These devices are capable of processing and storing information and have a number of vital performance attributes that go above and beyond those of traditional integrated circuit technology. Two-terminal resistance switches based on ionic motion, which are constructed from a straightforward conductor/insulator/conductor thin-film stack, are the main family of memristive devices. The ongoing need for better computing performance fuels the quest for new technologies, yet for advancement, a new technology must be scalable and capable. These requirements are met by memristor or memristive nanodevices.
Memristive Devices for Computing to surpass USD 842.9 billion by 2032 from USD 8.43 billion in 2021 at a CAGR of 52.1% in the coming years, i.e., 2022-32. Technologies for current computing systems are approaching their physical limits, and with the reduction and shrinking of device sizes, fresh device designs are gaining popularity. Memristive computing devices are ideal for this job since they are small, straightforward, and have a high processing speed requirement for advancement of new gadgets. In turn, this is anticipated to drive the growth of the Memristive Devices for Computing Market in the near future.
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Memristive Devices for Computing Market is categorized on the basis of Application into Spiking Neural Networks, Non-Volatile Memory Systems, Programmable Logic and Signal Processing Systems, Artificial Neural Networks, Machine Learning, and Neuromorphic Computing Systems. As a representative of memristor technologies and one of the most promising next-generation non-volatile memory (NVM) devices, resistive random-access memory has shown great promise for playing a significant role as an artificial synapse in the field of neuromorphic systems and artificial intelligence (AI). This is due to its benefits, which include quick operation times, minimal power requirements, and a high device density.
Memristive Devices for Computing Market is categorized on the basis of End Use Industry into Consumer Electronics, IT & Telecom, Healthcare, and Automotive. The consumer electronics sector will dominate the industry in the near future. The demand for memory technologies for effective computing is expected to increase in the near future, driving the segment's growth. In the coming years, the introduction of smartphones, laptops, and tablets is anticipated to significantly increase the revenue generated by memristive computing devices.
Memristive devices are used for efficient information processing and storage. The equipment performs exceptionally well, sometimes even outperforming more established integrated circuit technology. High scalability, quick switching, a high ON/OFF ratio, long retention, multilevel cell functionalities, low energy, a simple structure, non-destructive reading, stackability, low costs, and high CMOS compatibility are key features of these memory technologies that will drive the market growth.
for real-time applications, crossbar array also uses memristive devices. These cover functions from memory to logic, digital to analog circuits, and everything in between. The equipment can also be used for neuromorphic computation, material implication, and Boolean logic operations carried out by Memristor hybrid circuits. In the near future, all of the aforementioned variables are anticipated to intensify the growth of the Memristive Devices for Computing Market.
Device variability & non-linearity, electroforming, switching endurance, device yield, and a few of the issues pertaining to integration can pose a threat to the expansion of the Memristive Devices for Computing Market in the upcoming years.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Memristive Devices for Computing Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Due to the concentration of significant industry players in North America, the Memristive Devices for Computing Market is predicted to increase exponentially over the forecast period. In addition, it is anticipated that the introduction of cutting-edge technologies like the IIoT, spatial computing, automotive vehicles, and flying cars, as well as their acceptance in developed nations like the U.S. and Canada, will accelerate the growth of the Memristive devices for computing market in the sub-continent.
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The Covid-19 pandemic affected practically every industry worldwide. The guidelines and regulatory regulations by World Health Organization have temporarily stopped the operations of the manufacturing facilities. Also, the protracted shutdown disrupted the supply chain and raised the price of raw materials across a number of nations. These elements had an impact on the global Memristive Devices for Computing Market.
REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 8.43 billion |
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Revenue forecast in 2032 |
USD 842.9 billion |
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Growth Rate |
CAGR of 52.1% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Application, End Use Industry, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Samsung Group, International Business Machines Corporation, Panasonic Corporation, Intel Corporation, Toshiba Corporation, Sk Hynix Inc. L.P., SanDisk Corporation, Crossbar Inc., and Other Prominent Players. |
The Memristive Devices for Computing Market size was estimated at USD 8.43 billion in 2021 and is expected to reach USD 842.9 billion in 2032.
Memristive devices are simply electric-resistant switches that proficiently retain the position of internal resistance depending on the previously applied current and voltage.
The Non-Volatile Memory Systems and Consumer Electronics segments accounted for the larger share of the Melanoma Drugs Market.
Key players in the Memristive Devices for Computing Market are Samsung Group, International Business Machines Corporation, Panasonic Corporation, Intel Corporation, Toshiba Corporation, Sk Hynix Inc. L.P., SanDisk Corporation, Crossbar Inc., and Other Prominent Players.
High scalability, quick switching, a high ON/OFF ratio, long retention, multilevel cell functionalities, low energy, a simple structure, non-destructive reading, stackability, low costs, and high CMOS compatibility are the key attractive features of the memory technologies that will drive the Memristive Devices for Computing Market.
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