Ionic Film Memristor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Nano Memristor, Others), By Application (Electronics, Automotives, Healthcare, Others), And By Geography - Forecasts From 2023 To 2028

Market Overview:

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.

Growth factors:

The demand for consumer electronics driving the growth

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.

Government Investment in automation and robots

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.

RRAM applications will increase the usage of ionic film memristors

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.

Key Developments: 

• January 2023: Weebit Nano has begun mass production of demo chips including an 8-Mbit resistive RAM, or ReRAM, in a 22-nm completely depletion silicon-on-insulator (FD-SOI) process. Weebit's ReRAM is based on oxygen vacancies filament (OxRAM), which operates on the ionic film memory principle. A filament is formed or dispersed by applying varying voltage levels.
• March 2022: Fujitsu Semiconductor Memory Solution Limited announced the release of the MB85AS12MT, a 12Mbit ReRAM (Resistive Random Access Memory) with the highest density in Fujitsu's ReRAM product family. This new product is a non-volatile memory with a high memory density of 12Mbit in a compact package size of 2mm x 3mm. A typical RRAM is made up of two metal electrodes sandwiched between a thin dielectric layer that serves as an ion transport and storing medium.
• October 2021: CrossBar Inc., a leading developer of nonvolatile memory technology, has unveiled new uses for its Resistive RAM (ReRAM) technology in few-time programmable (FTP) and one-time-programmable (OTP) nonvolatile memory (NVM) applications. Many of the problems of current OTP and FTP solutions are avoided when writing to ReRAM several times (usually 100K to 1M writes). When a voltage is supplied between the two electrodes, the resistance switching mechanism forms a filament in the switching material, which is of great use for ionic memristors.

Covid-19 Impact on the Ionic Film Memristor Market

Before COVID-19, the global ionic film memristors market saw slow growth. Following the pandemic, the ionic film memristors sector saw a double impact. The production of electronic parts has been halted due to a logistical bottleneck and a lack of manpower availability around the world. With so many other businesses reliant on the automobile industry, such as memristors, the downturn in auto sales caused quite a ripple effect. However, in recent years, the exponential expansion of data has revealed problems in traditional computer architecture. Benefits include the ability to tailor the properties of these ionic memristors based on the material used. It's currently being utilized for various low-power applications, such as devices that require to store data for the Internet of Things, which will expand the market in the future years.

Ionic Film Memristor Market Scope:

Segmentation:

• By type
  • Nano Memristor
  • Others
• By application
  • Electronics
  • Automotives
  • Healthcare
  • Others
• By Geography 
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Taiwan
    • Others