Memristor is an electrical circuit consists of memory resistor. It limits or regulates the flow of electrical current in a circuit and remembers the amount of charge that has previously flowed through it. Memristor has two fundamental properties, the resistance of memristor changes with the change in the direction of current flowing through it and when the power is turned off, the memristor can retain its resistance value till the time power is resumed again.
The Middle East and Africa Memristor Market Size & Growth:
The Middle East and Africa Memristor market size are projected to reach $57 Million by the end of 2024 with a CAGR of 55.4% during the forecast period. Key Parameters promoting the market growth include an increase in demand for industrial robots that require memory element, the advantage of memristor over other memories, increase in some data centres, growth in some portable electronic products where memristor has emerged as a replacement of non-volatile memories. Rapid growth is observed, and it provides new opportunities for the trend of the internet of things and growth in demand of neural networks for the players in memristor
The Middle East and Africa Memristor Market Share:
The Middle East and Africa Memristor markets are classified by the type, by application, by geography. By the type, the Middle East and Africa Memristor market is classified as Molecular and ionic thin film, spin-based and magnetic memristor. Molecular and ionic thin film is further classified into polymeric memristor, titanium dioxide memristor, resonant tunneling diode memristor, manganite memristor. Spin-based and magnetic memristor is further divided into spintronic memristor and spin torque transfer.
By Application, these are classified as Nonvolatile memory applications, low power remote sensing, crossbar latches, Neuromorphic and biological engineering, programmable logic and signal processing.
By End-Users, these are classified as Electronics and IT & telecommunication, industrial, aerospace & defence, automotive and healthcare. Telecommunication industries and Electronic and IT holds the significant market share for memristor market.
The memristor market is expected to increase the market share because memristor industry is attracting investment from the leading memory manufacturers and semiconductor giants. The Middle East and Africa are supposed to have the market share due to increased awareness among the people.
The Middle East and Africa Memristor Market Trends:
The Middle East and Africa Memristor Market Research Reports:
Starting from $2700
Starting from $2700
Starting from $2700
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