About ReRAM
ReRAM is a next-generation memory device that is highly becoming popular in wearables and emerging technologies such as IoT, robotics, autonomous vehicles, etc. due to its low power consumption and high storage capability. Increasing demand for high-performance memory for enterprise storage due to digital transformation may create noteworthy opportunities in the global market. However, increasing digitalization in Asia Pacific countries such as China and India is likely to fuel market growth in the near future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SK Hynix Inc. (South Korea), Micron Technology, Inc. (United States), Fujitsu (Japan), CrossBar, Inc. (United States), Panasonic Corporation (Japan), Rambus Incorporated (United States), Sandisk (Western Digital Corporation) (United States), Renesas Electronics Corporation (Japan), 4DS Memory Limited (Australia), Intel Corporation (United States), DB HiTek Co., Ltd. (South Korea), Weebit (Israel), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), STMicroelectronics N.V. (Switzerland) and Infineon Technologies AG (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global ReRAM market by Type (Conductive Bridge ReRAM and Metal-Oxide ReRAM), Application (Medical Devices, Consumer Electronics, IoT Devices, Automotive, Enterprise Storage and Others) and Region.
On the basis of geography, the market of ReRAM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Memory Density, the sub-segment i.e. 8Mbit will boost the ReRAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Embedded ReRAM will boost the ReRAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Trends of AI and Machine Learning May Increase the Adoption of ReRAM in Neuromorphic Computing and Growing Popularity of Low-Powered Embedded ReRAM for IoT Applications
Market Growth Drivers:
Rapid Growth of Internet of Things (IoT) Devices, Autonomous Vehicles, and Wearables Across The Globe and Increasing demand for Non-volatile and High-performance Memory for Application in Emerging Technologies
Challenges:
Lack of Awareness Among End Users and Availability of Other Memory Technologies at Low Cost
Restraints:
High Cost of Emerging Memory Technologies and Lack of Standardization
Opportunities:
Increasing Industrialization and Adoption of Connected Devices in Developing Economies Such as China and India
In October 2023, Weebit and DB HiTek signed a commercial agreement. The agreement allows DB HiTek for the use of Weebit ReRAM in consumer, industrial, and other IoT devices. The agreement also includes licensing and technology transfer for the use of Weebit technology for other process nodes.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, ReRAM Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.