The ionic film memristor market is expected to grow from USD 123.907 million in 2025 to USD 692.998 million in 2030 at a CAGR of 41.10%.
A memory resistor (Memristor) is a two-terminal solid-state nonlinear electrical component that is passive. In addition to resistors, capacitors, and inductors, memristors are regarded as a fourth fundamental element in electrical circuits. Thin-film Molecular and Ionic Memristors are dependent on material characteristics and the initiation of hysteresis in the material following charge incorporation. Ionic film memristors have several advantages over other types of memories, including small size, rapid read and write times, high retention, greater endurance, and 3D design capabilities. As a result, during the forecast period, ionic film memristors are expected to supersede flash memory as a highly reliable replacement.
Memory density and power demands in the consumer electronics market are increasing, as are performance demands for memristors. As the consumer electronics industry embraces ionic film memristors, demand will be driven mostly by wearable and connected devices, which are predicted to rise rapidly during the forecast period. Wearables are electrical gadgets with smart sensors that are linked to the internet for data transmission. According to the UK Government Office for Science, the number of connected wearables devices worldwide was predicted to increase from 0.93 billion in 2021 to over 1.1 billion in 2022. These data suggest that ionic film memristor adoption will rise during the forecast period.
The development in industrialization and the increasing demand for automation in industrial processes are the primary reasons driving the global growth of industrial robots. Artificial intelligence, big data, and 5G are driving government funding in Asia and Europe. For example, the Chinese government-funded 577 million USD for the development of intelligent robots in 2019. In Japan, the New Robot Strategy is a core component of the Abenomics Growth Strategy. The robot-related budget for 2019 has been boosted to 351 million USD, to make Japan the world's robot innovation hub. In September 2020, the UK government also invested in helping to create nuclear plant robots. Universities, research organizations, and corporations had been given £15 million to construct robots that will inspect, operate, and repair nuclear power plants, satellites, and wind farms. These industrial robots act autonomously and require flash memory to store and execute all of the sophisticated instructions required for proper operation. Flash memories are now used in these robots, but ionic film memristors are likely to gain prominence in industrial robots.
Resistive random-access memory (RAM) is a type of non-volatile random-access computer memory that operates by varying the resistance across a dielectric solid-state material, also known as an ionic film memristor. IoT and AI are accelerating the adoption of RRAM. In August 2022, Stanford engineers released NeuRRAM, a novel resistive random-access memory (RRAM) semiconductor that performs AI processing within the chip's memory, saving battery power that would otherwise be spent transporting data between the CPU and storage. They claim that their compute-in-memory (CIM) chip is the size of a fingertip and can accomplish more with less battery power than current CPUs. As medical devices develop AI capabilities and cloud connectivity, the new chip might potentially save space in home monitoring and other applications.
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