Market Trends of Resistive RAM Industry
This section covers the major market trends shaping the Resistive RAM Market according to our research experts:
Increasing Demand of Connected Devices Under Consumer Electronics Segment is Fueling the Demand for ReRAM
- ReRAMs can compute faster than ordinary RAMs, are better for read-intensive applications, and are ideal for storage-class memory in servers. Further, rising consumer electronics demand for interconnected devices, the increasing usage of sensor technologies, including wearable and AI-enabled gadgets, and developments by industry players, are expected to contribute to market growth.
- For instance, in August last year, Enphase Energy, Inc., a worldwide energy technology business and the world's largest producer of microinverter-based photovoltaic and storage systems launched a new collaboration with Home Connect. This accessible digital network enables home appliances of many manufacturers to be controlled with a single app.
- Higher switching speed constitutes a principal advantage of ReRAM over other nonvolatile storage technologies such as NAND flash. ReRAM draws much less power than NAND flash. That makes it best suited for memory in sensor devices for industrial, automotive, and internet of things (IoT) applications. Neuromorphic computing is another potential application for ReRAM.
- Over the past few years, a significant demand for connected devices, such as wearables, IoT, and AI-based systems, has been witnessed. Resistive RAMs are used in these devices to increase storage capacities. Moreover, with the upcoming smart cities and smart homes, the number of connected devices is bound to increase, which, in turn, will increase the demand for strong memory capacity servers.
- To serve emerging IoT requirements, several companies are introducing innovations to connect and scale remote operations, bringing real-time, secure, and bandwidth-heavy IoT applications to fruition. For instance, in September last year, Silicon Labs, the pioneer in secure, smart wireless innovation for a better-connected world, unveiled a portfolio of innovative solutions that significantly expanded its interoperability-driven, multiprotocol-supporting, and robustly-secure range with new solutions to advance the breakthroughs and patterns defining the Internet of Things, such as Amazon Sidewalk, Matter, Wi-SUN, and Wi-Fi 6.
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The Asia Pacific Expected to Hold a Major Share of the Market
- The Asia Pacific is expected to have a strong position in the global resistive random access memory market over the forecast period. China, South Korea, and India are some of the major countries that drive market growth in the Asia Pacific region. The increasing consumer electronics and automotive industry primarily fuel the demand for resistive random access memory in Asia Pacific countries.
- Moreover, many organizations are establishing data centers in this region, which will also extend the demand for the resistive RAM market. Developing nations, such as India and China, and Japan, will drive the market's growth in this region owing to the growing enterprise server, data centers, AI, and connected infrastructure.
- China is developing its domestic IC industry and plans to make more chips. The significant presence of manufacturers in the region is also a major contributing factor to the market. China is home to several global foundries with growing clout in the global semiconductor sector.
- The growing investments in the ReRAM technology-based manufacturers are boosting the market growth rate. For instance, Xinyuan Semiconductor, which focuses on the R&D of ReRAM's new memory products and associated derivative goods, has grown into China's leading new memory technology firm.
- Further, in March 2022, Fujitsu Semiconductor Memory Solution Limited revealed the release of the MB85AS12MT, a 12Mbit ReRAM with the highest capacity in Fujitsu's ReRAM product line. This new invention is non-volatile storage with a high memory capacity of 12Mbit in a compact package size of about 2mm x 3mm.
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