The global ReRAM market is predicted to touch USD 655 million at a 16% CAGR between 2019- 2025, states the recent Market Research Future (MRFR) analysis. ReRAM, simply put, is a non-volatile memory that consumes low power as well as possesses the potential for replacing flash memory. Today it is mostly used in MP3 players and mobile phones. It can be utilized as a storage medium like hard drive, DRAM, or flash. Conductive bridging ReRAM and oxide-based ReRAM are the different types of ReRAM. Owing to its alluring features and plentiful advantages, it has extensive applications in various end-use industries such as healthcare, aerospace and defense, consumer electronics, IT & telecom, and others.
ReRAM Market Key Players
Eminent contenders profiled in the ReRAM market report include Rambus Incorporated (US), Weebit Nano (Australia), SanDisk (US), Sony Corporation (Japan), Reliance Memory (China), 4DS Memory Limited (US), TSMC (Taiwan), Micron Technology, Inc. (US), Adesto Technologies Corporation (US), SK Hynix Inc. (South Korea), Semiconductor Manufacturing International Corporation (China), Panasonic Corporation (Japan), Intel Corporation (US), Fujitsu Limited (Japan), and Crossbar Inc. (US).
ReRAM Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global ReRAM market based on end user and type.
By type, the global ReRAM market is segmented into conductive bridging ReRAM and oxide-based ReRAM. Of these, the conductive bridging ReRAM is predicted to lead the market over the forecast period. Increasing use in fitness and health trackers like IoT devices and Fitbits is adding to the growth of the segment.
By end user, the global ReRAM market is segmented into healthcare, aerospace and defense, consumer electronics, IT & telecom, and others. Of these, the consumer electronics segment will dominate the market over the forecast period. Electronic devices such as TV demands high-resolution display is adding to the growth of the segment.