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The resistive RAM market share is expected to increase by USD 324.05 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.37%.
This resistive RAM market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers resistive RAM market segmentation by memory type (discrete memory and embedded memory) and geography (North America, Europe, APAC, South America, and MEA). The resistive RAM market report also offers information on several market vendors, including 4DS Memory Ltd., CrossBar Inc., Dialog Semiconductor Plc, Fujitsu Ltd., Intel Corp., Panasonic Corp., RAMbus Inc., Toshiba Corp., Viking Technology, and Weebit Nano Ltd. among others.
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The rising adoption of sensors technology is notably driving the resistive RAM market growth, although factors such as the availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the resistive RAM industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Resistive RAM Market Driver
One of the key factors driving growth in the resistive RAM market is the rising adoption of sensors technology. The surging use of sensors technology such as wearable and AI-enabled devices will be responsible for driving the market's growth. Moreover, the high adoption of smart, portable, and wearable electronic devices coupled with various advantages of resistive RAMs such as scalability, high capacity and speed, operation on low voltage, high performance, high endurance and retention, and reliable memory, among others fuels the growth of the resistive RAM market. Furthermore, the growing penetration of smartwatches is expected to encourage resistive RAM developers to integrate resistive RAMs into smartwatches. The integration of resistive RAMs into smart wearables and AI-enabled devices would further bolster the resistive RAM market during the forecast period.
Key Resistive RAM Market Trend
The rising installation of the internet of things (IoT) devices is another factor supporting the resistive RAM market share growth. Resistive RAMs have faster computing power than ordinary RAMs, are much better for read-intensive applications, and are ideal for storage-class memory in servers. Furthermore, higher switching speed constitutes is a principal advantage of RRAM over other nonvolatile storage technologies such as NAND flash. ReRAM draws much less power than NAND flash. That makes it currently best suited for memory in sensor devices for industrial, automotive, and IoT applications. With the upcoming of smart cities and smart homes, the connected devices are expected to increase, which, in turn, will increase the demand for strong memory capacity servers. Several companies are introducing innovations to connect and scale remote operations to serve emerging requirements, bringing real-time securely and bandwidth-heavy IoT applications to fruition.
Key Resistive RAM Market Challenge
The availability of substitutes will be a major challenge for the resistive RAM market during the forecast period. Dynamic random access memory (DRAM) and flash drives are also preferred in the place of resistive RAM. DRAM is a type of semiconductor memory that is typically used for the data or program code needed by a computer processor to function. Random access allows the PC processor to access any part of the memory directly rather than proceed sequentially from a starting place. Several other types of DRAM are available such as extended data out DRAM (EDO DRAM), double data rate synchronous dynamic random access memory (DDR SDRAM), synchronous DRAM (SDRAM), and rambus DRAM (RDRAM), which is expected to act as a threat for the growth of the resistive RAM market.
This resistive RAM market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global resistive RAM market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the resistive RAM market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the resistive RAM market encompasses successful business strategies deployed by the key vendors. The resistive RAM market is concentrated and the vendors are deploying growth strategies such as focusing on expanding their production capacity and leveraging strategic collaborative initiatives to compete in the market.
CrossBar Inc. - The company offers resistive RAM that includes high-performance memory, high-density memory, reram, memory, reram secure keys, and many more, under the brand name of CrossBar Inc.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The resistive RAM market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the resistive RAM market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the information technology spending market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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46% of the market's growth will originate from North America during the forecast period. The US is the key market for resistive RAM in North America. Market growth in this region will be faster than the growth of the market in other regions.
The increasing consumer electronics and automotive industry will facilitate the resistive RAM market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The retail revenue from consumer electronics sales in the US reached close to $407 billion as of July 2020. That was a significant decrease compared to the forecast carried out before the COVID-19 outbreak, when the revenue was expected to amount to $422 billion. the tablet shipments peaked in 2019 and then decreased in 2020 due to the ban in trade to curb the spread of COVID-19. Furthermore, devices like wireless speakers? sales climaxed in 2019 but have declined since 2020. While non-smart speakers? sales plateaued, smart speakers? sales grew in 2019 and slightly decreased post 2020 due to the COVID-19 outbreak.
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The resistive RAM market share growth by the discrete memory segment will be significant during the forecast period. Discreate memory has captured the largest market share in the global resistive RAM market in 2021. This is attributed to use of discrete memory in the consumer electronics. It is also known as standalone memory. Thus, rising sales of consumer electronics is further expected to drive the growth of the segment. The rapidly increasing internet penetration across the globe will further propel the sales of consumer electronic market which will further drive the growth of the discrete memory in the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the resistive RAM market size and actionable market insights on post COVID-19 impact on each segment.
Resistive RAM Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.37% |
Market growth 2022-2026 |
$ 324.05 million |
Market structure |
Concentrated |
YoY growth (%) |
15.55 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 46% |
Key consumer countries |
US, Germany, China, Japan, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
4DS Memory Ltd., CrossBar Inc., Dialog Semiconductor Plc, Fujitsu Ltd., Intel Corp., Panasonic Corp., RAMbus Inc., Toshiba Corp., Viking Technology, and Weebit Nano Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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