Global Memristor Devices Market 2017-2021
About Memristor Devices
A memristor device is a combination of memory and resistor. This two-terminal electrical component deals with magnetic flux and electric charge. Memristor devices can store and recall the amount of charge that was flowing through them and regulate the flow of current in a circuit. Memristor devices are critical in resisting current variations and are non-volatile. As of 2016, the market was not commercialized and is still in its introductory stages. The market size revenue is generated only through the R&D investments from the vendors and other institutes.
Technavio’s analysts forecast the global memristor devices market to grow at a CAGR of 69.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global memristor devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Memristor Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global memristor devices market: Hewlett-Packard, Intel, SAMSUNG, and SK HYNIX.
Other Prominent Vendors in the market are: Micron Technology, SanDisk, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing acceptance of wearable devices. Wearable devices, such as smart fabrics, smartwatches, heart rate monitors, fitness bands, and smart glasses, monitor fitness levels by tracking daily activities of the user. With the help of mobile communication technology, these devices provide communication services.”
According to the report, one driver in the market is advent of IoT driving explosive growth of wireless computing devices. End-users across the globe are demanding efficient devices with dependable and highly portable computing platforms as well as connectivity over wireless networks, such as Wi-Fi, 3G, 4G, and Bluetooth, for easy data exchange and transfer. The loT technology enables devices to collect and transmit data using sensors and actuators from wireless computing devices to a central location on a real-time basis, enabling end-users to take an informed decision.
Further, the report states that one challenge in the market is declining prices of flash memory cards. The declining prices of flash memory cards is a major challenge in the global memristor devices market. Flash memory cards always had a major share in the global memory cards market. End-users have a wide range of vendors to choose from due to the presence of many regional vendors and global players. To sustain competition and gain market share, companies have started to reduce the cost of flash memory cards. Due to the steady decline in the prices of the memory cards, costs of flash memory cards have drastically fallen in the global market, affecting the profitability of vendors and the popularity of memristor devices, as customers are opting for the inexpensive flash memory cards.
Hewlett-Packard, Intel, SAMSUNG, SK HYNIX, Micron Technology, SanDisk, and Toshiba.