Resistive RAM Market - Forecast(2024 - 2030)

Resistive RAM Market Overview:

Resistive RAM Market size is estimated to reach $2.3 billion by 2030, growing at a CAGR of 20.5% during the forecast period 2024-2030. Resistive RAM (RRAM or ReRAM) is a type of non-volatile memory that stores data by varying a material's resistance. Resistive random-access memory (ReRAM) is gaining popularity as a non-volatile memory (NVM) replacement, particularly in cloud and data center environments where performance and energy efficiency are constantly improving.

In November 2023, The PSoC Edge is a new family of microcontrollers in Infineon Technologies' PSoC line of Arm Cortex-based high-performance, low-power, protected devices developed for next-generation responsive compute and control applications. The family of devices come with ample on-chip memories, including non-volatile RRAM, as well as high speed, secured external memory support. ReRAMs can calculate quicker than regular RAMs, are superior for read-intensive applications, and are appropriate for server storage-class memory. ReRAM is a non-volatile memory technology break through that contributes to the diversity and enhancement of memory solutions in the electronics sector. Furthermore, it consumes less power, making it an appealing solution for a variety of applications, including storage in electronic gadgets.

Market Snapshot:

Resistive RAM Market- Report Coverage:

The “Resistive RAM Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Resistive RAM Market.

COVID-19 / Ukraine Crisis - Impact Analysis:

●   The Covid-19 epidemic has had a significant impact on the world. The COVID-19 pandemic is likely hindering the market's overall expected growth, owing to supply chain disruption, with some companies reporting a scarcity of components such as inductors and capacitors for manufacturing. However, new material discovery and implementation are projected to raise demand for resistive random-access memory in a variety of verticals around the world in the coming years. Major memory-related technology businesses may have adapted to the challenges given by COVID-19. Resilient businesses would most likely discover ways to handle supply chain challenges while continuing to invest in developing technologies such as RRAM.

●   The Russian invasion of Ukraine in 2022, the Russia-Ukraine conflict has caused geopolitical tensions and economic uncertainty around the world, affecting a variety of industries. The conflict has the potential to disrupt the worldwide supply chain, hurting electronic component production and distribution, particularly Resistive RAM (ReRAM) technology. Many ReRAM producers and technology developers rely on international markets. The war may have an impact on these dependencies, causing delays or shortages in ReRAM-related items. Economic ramifications of the war could cause alterations in market dynamics for new technologies such as ReRAM. In response to global developments, investors and industry participants may rethink their strategies.

Key Takeaways:

●      Highest Share of North America Region

Geographically, in the global Resistive RAM Market share, North America is analyzed to grow with the highest share of 37% market share in 2023. According to Finmasters, In January 2023, electric vehicles accounted for 8% of all new automobiles sold in the United States which is anticipated to propel the growth of the market. The resistive RAM market is expected to reach new highs in the area, propelled by rising demand in industries like as consumer electronics, automotive, aerospace, and healthcare. Strategic industry alliances are also likely to play an important role in the growth of the resistive RAM market in North America. This development trajectory is consistent with the wider trend of developing technologies and their acceptance across multiple industries. In North America, the consumer electronics sector is a major driver of Resistive RAM growth. The application of the technology in smartphones, tablets, and other electronic gadgets contributes to the technology's rising market growth.

●      Discrete Segment to Register the Highest Share

According to the Resistive RAM Market, the discrete segment is estimated to dominating the market in 2023. The increased demand for automated robots is a major driver of the Resistive RAM market, particularly in the discrete segment. The consumer electronics, automotive, aerospace, and healthcare sectors are likely to increase significantly, with the discrete segment playing a critical role in these applications. The surge in demand for automation applications, particularly robotics, is driving this growth. The rising use of resistive RAM in automation robots is a major driver driving this segment's growth and positioning it prominently in the market landscape. As companies embrace automation to improve efficiency, the need for resistive RAM in discrete applications is projected to grow.

●      Consumer Electronics is the Fastest Growing Segment in the Market

According to the Resistive RAM Market, the consumer electronics segment is estimated to grow with the highest CAGR during the forecast period 2024-2030. Resistive RAM is expanding rapidly, with the consumer electronics industry emerging as the fastest-growing category. Resistive RAM (ReRAM) is an emerging non-volatile memory technology that exhibits promising features such as high speed, low power consumption, and scalability, making it suitable for various consumer electronics. For instance, in August 2023, 4DS Memory, based in Australia, announced that their latest memory system product, known as the Fourth Platform Lot wafer, performed "significantly better than expected" in testing. According to 4DS, the significant advances to the 4Ds Platform Lot technology have been aided by the company's continued relationship with imec, a world-leading R&D and innovation hub in nanoelectronics and digital technologies. The increasing need for improved memory solutions in consumer electronic products such as smartphones, tablets, and smart wearables is driving this trend. The market is expected to grow significantly in the future years, owing to the requirement for high-performance and energy-efficient memory technologies in these devices.  The increased need for automated robots is fueling the expansion of Resistive RAM. The utilization of the technology in automation applications is helping to drive market expansion.

●      Rising Adoption of Sensors Technology

The increasing use of sensor technologies, such as wearable and AI-enabled gadgets, will drive market expansion. Furthermore, the widespread adoption of smart, portable, and wearable electronic devices, combined with various advantages of resistive RAMs such as scalability, high capacity and speed, low voltage operation, high performance, high endurance and retention, and reliable memory, among others, drives the resistive RAM market forward. The development of companies is also fueling the growth of the market for instance, in April 2023, on ReRAM technology, the share price of Weebit Nano rises by 8%. Furthermore, as smartwatches become more popular, resistive RAM developers are likely to incorporate resistive RAMs into smartwatches. During the projection period, the incorporation of resistive RAMs into smart wearables and AI-enabled gadgets will further boost the resistive RAM market.

●      The availability of alternatives will be a major challenge

In addition to resistive RAM, dynamic random-access memory (DRAM) and flash drives are favored. DRAM is a type of semiconductor memory that is commonly used to store data or program code that a computer processor needs to function. Random access lets the PC processor to directly access any region of the memory rather than proceeding sequentially from the beginning. There are also alternative varieties of DRAM available, including extended data out DRAM (EDO DRAM), double data rate synchronous dynamic random-access memory (DDR SDRAM), synchronous DRAM (SDRAM), and Rambus DRAM (RDRAM), which are predicted to pose a challenge to the resistive RAM market's growth.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Resistive RAM Market. The top 10 companies in this industry are listed below:

1.     Panasonic Corporation

2.     Fujitsu Ltd

3.     Crossbar Inc

4.     Rambus Inc.

5.     Weebit

6.     Micron Technology Inc,

7.     Taiwan Semiconductor Manufacturing Company Limited

8.     4DS Memory Limited

9.     Renesas Electronics Corporation

10.   Sony Corporation

Scope of Report: