Global ReRAM Market to Reach USD 2,350.41 Million by 2031 | CAGR of 18.2%
Category : IT And Telecommunications | Published Date : Oct 2024 | Type : Press Release
ReRAM Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the ReRAM Market was valued at USD 617.39 Million in 2023 and is projected to reach USD 2,350.41 Million by 2031, growing at a CAGR of 18.2% from 2024 to 2031. ReRAM, or Resistive Random Access Memory, is a non-volatile memory technology that retains data even when power is disconnected. ReRAM operates by shifting resistance within materials to store data, offering advantages over traditional memory in terms of speed, energy efficiency, and storage capacity. It is used across applications in IoT, consumer electronics, automotive, and medical devices, among others.
The report comprises the ReRAM Market Share, Size & Industry Analysis, By Type (Oxide-Based ReRAM, Conductive Bridging RAM (CBRAM), Others), Application (Embedded Memory, Stand-Alone Memory, Neuromorphic Computing, Edge AI Processing, Others), End-Use (Consumer Electronics, Automotive, Storage Class Memory (SCM), IoT Devices, Aerospace, Medical Devices, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on ReRAM Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for energy-efficient memory solutions and rising adoption of wearable devices are driving market growth. Additionally, advancements in edge computing and IoT applications present significant growth opportunities.
Segmental Analysis :
Based on type, the market is segmented into oxide-based ReRAM, conductive bridging RAM (CBRAM), and others.
- Oxide-based ReRAM held the largest market share of 58.22% in 2023, due to its high durability and reliability in embedded systems for consumer electronics and automotive applications.
- CBRAM is expected to grow at the fastest CAGR, attributed to its compact design and high endurance, ideal for IoT and wearable applications.
Based on application, the market is categorized into embedded memory, stand-alone memory, neuromorphic computing, edge AI processing, and others.
- Embedded memory held the largest share in 2023, driven by demand for IoT devices and consumer electronics that require quick data access and efficient power usage.
- Stand-alone memory is projected to grow at the highest CAGR due to its increased application in portable storage solutions, especially in the automotive and industrial sectors.
Based on end-use, the market spans consumer electronics, automotive, storage class memory (SCM), IoT devices, aerospace, medical devices, and others.
- Consumer electronics held the largest revenue share in 2023, driven by ReRAM's advantages in energy efficiency and speed for devices such as smartphones and laptops.
- Automotive is anticipated to grow at the fastest CAGR, driven by the rising adoption of autonomous driving systems that require reliable, high-performance memory solutions.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2023, accounting for a significant share, supported by advancements in consumer electronics and industrial automation.
- North America is projected to grow at the highest CAGR, with high demand in data centers and IoT applications, particularly in the U.S. and Canada.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 2,350.41 Million |
| CAGR (2024-2031) | 18.2% |
| By Type | Oxide-Based ReRAM, Conductive Bridging RAM (CBRAM), Others |
| By Application | Embedded Memory, Stand-Alone Memory, Neuromorphic Computing, Edge AI Processing, Others |
| By End-Use | Consumer Electronics, Automotive, Storage Class Memory (SCM), IoT Devices, Aerospace, Medical Devices, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the ReRAM Industry:
- Fujitsu Limited (Japan)
- Crossbar Inc. (US)
- Weebit Nano (Israel)
- 4DS Memory (Australia)
- Intel Corporation (US)
- SK Hynix Inc. (South Korea)
- Panasonic Corporation (Japan)
- Adesto Technologies Corporation (US)
- Micron Technology, Inc. (US)
- Rambus Inc. (US)
- Sony Corporation (Japan)
Recent Industry Developments :
- In July 2024, Nuvoton Technology launched its M2L31Cortex-M23 microcontroller range with embedded ReRAM, enhancing battery management and industrial automation applications.
- In February 2024, Samsung tested a new 256GB SD microSD card for portable storage applications, which includes high-speed ReRAM technology optimized for IoT and edge AI devices.
