Increasing Demand for Wearable Devices to Augment the Resistive Random Access Memory Market Growth

 

The resistive random access memory is used in many applications, including desktop machines and laptops, personal digital assistants, medical equipment, industrial, and even embedded systems. The technology is often used as an add-on to other forms 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 a lower speed than the main memory.

The resistive random access memory is a form of non-volatile memory, works 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 change the position of the Memristor, which causes the information it's holding to be altered in a non-volatile state.

 

Market Dynamics:

Increasing demand for (or adoption of) wearable devices, which increases the demand for high storage density and fast data transfers, is expected to propel the growth of the resistive random access memory market. For instance, according to new data from the International Data Corporation (IDC), global shipments of wearable devices were expected to total 396.0 million units in 2020.

Increasing research and development activities are expected to augment the growth of the resistive random access memory market. For instance, 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 big data, internet of things (IoT), and artificial intelligence (AI) is also expected to fuel the growth of the resistive random access memory market. For instance, in 2019, AI Innovators, Robosensing Inc., Neural Networks Corporation, Gyrfalcon Technology Inc., and Crossbar Inc. joined forces in an 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 in the market are involved in different business strategies, such as partnerships, collaborations, etc., to enhance their market share. For instance, 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.