Resistive Random Access Memory Market- An Overview

 

The resistive random access memory is found in many applications, including desktop machines and laptops, personal digital assistants, medical equipment, industrial, and even embedded systems. The technology is frequently used as an add-on to other styles of RAM for faster speed or lower cost. Although it can be used as a stand-alone memory device, many systems also include dedicated random access memory because it operates at less speed compared to the main memory.

By Resistive Random Access Memory Market report it is a questionnaire of non-volatile memory, functions by altering the physical resistance across a non-resin, electrically-insulated solid-state device, often called a Memristor. A resistive RAM based computer system uses electric signals to alter the position of the Memristor, that causes the info it's holding to be altered in a non-volatile state.

Market Dynamics:

Increasing demand for (or adoption of) wearable devices, which advances the demand for high storage density and fast data transfers, is likely to propel the growth of the Resistive Random Access Memory Market. As an example, according to new data from the International Data Corporation (IDC), global shipments of wearable devices were likely to total 396.0 million units in 2020.

Increasing research and development activities are likely to augment the growth of the resistive random access memory market. As an example, in March 2020, researchers from the Washington State University developed a heterogeneous computer architecture that combines the commonly used GPU-based platform with a new and emerging memory technology called a resistive random access memory.

Increasing demand for highly scalable, low power consumption, and high bandwidth memory devices for technologies such as for instance big data, internet of things (IoT), and artificial intelligence (AI) can be likely to fuel the growth of the resistive random access memory market. As an example, in 2019, AI Innovators, Robosensing Inc., Neural Networks Corporation, Gyrfalcon Technology Inc., and Crossbar Inc. joined forces in a AI consortium for the development and commercialization of best-in-class AI computing platform.

Competitive Analysis:

Major players active in the resistive random access memory market are Avalanche Technology Inc., Everspin Technologies Inc., Spin Transfer Technologies, Toshiba Corporation, and Crocus Nano Electronics LLC.

Major players on the market are associated with different business strategies, such as for instance partnerships, collaborations, etc., to enhance their market share. As an example, in May 2020, GigaDevice announced that the company has signed a resistive random access memory patent licensing agreement with the leading semiconductor IP provider, Rambus Inc.