Resistive RAM Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Resistive RAM Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Resistive RAM market is expected to register a CAGR of 29.9% over the forecast period (2022 - 2027). Resistive RAM, a non-volatile memory, is anticipated to seize a market share by substituting static random access memory and dynamic random access memory. The replacement will be possible due to numerous benefits given by resistive random access memory, such as large storage density and 3D packing, allowing layers of memory gadgets to be coordinated and organized in one chip, fast switching for quick exchange of information, and using less energy per switching cycle. ReRAM holds the potential to replace Flash memory used in mobile phones and other consumer electronics such as MP3 players.

Key Highlights

• Further, the growing adoption of sensors technology such as wearable and AI-enabled devices in many regions has boosted demand for fast data transfers and high storage density, in turn providing a tremendous chance or possibility for the growth of the resistive random access memory market globally.
• Multiple memory companies are investing in ReRAM. For instance, in April 2022, CrossBar Inc., a non-volatile memory technology provider, announced new applications of its resistive RAM (ReRAM) technology for use in secure storage and processing, where resistance to reverse engineering and physical attacks are essential requirements of the system. The company’s technology is now being offered for use in memory applications requiring higher levels of content security.
• The soaring costs of resistive random access memory have become one of the important challenges for the growth of this market. Over the subsequent years, the innovation and implementation of new materials are expected to decrease costs and boost the demand for resistive random access memory in diverse verticals.
• Resistive random-access memory (ReRAM) is gaining traction as non-volatile memory (NVM) alternative, particularly in cloud and data center contexts where performance and energy efficiency are constantly improving. ReRAM technology has demonstrated lower read latency and quicker write version than flash memories while also achieving 64pJ/cell program energy, which is a 20% improvement over NAND, as the demand for data grows from users through premium services such as video streaming and from machines through the Internet of Things (IoT). 3D vertical ReRAM arrays provide high-performance memory subsystems capable of replacing standard DRAM- or Flash-based SSDs in data center environments, allowing faster data processing, storage, and retrieval in significantly smaller form factors with lower energy consumption.
• Moreover, the COVID-19 pandemic is likely impeding the overall anticipated growth of the market, mainly attributed to the supply chain disruption, with several companies witnessing scarcity of components like inductors and capacitors for manufacturing.

Key Market TrendsIncreasing Demand of Connected Devices Under Consumer Electronics Segment is Fueling the Demand for ReRAM

• Resistive RAMs have faster computing power than ordinary RAMs, are much better for read-intensive applications, and are ideal for storage-class memory in servers. Further, rising consumer electronics demand for interconnected devices and the increasing usage of sensor technologies, including wearable and AI-enabled gadgets, along with developments by industry players, are expected to contribute to the market growth. For instance, in August 2022, Enphase Energy, Inc., a worldwide energy technology business and the world's largest producer of microinverter-based photovoltaic and storage systems, launched a new collaboration with Home Connect, an accessible digital network that enables home appliances of many manufacturers to be controlled with a single app.
• Higher switching speed constitutes a principal advantage of RRAM over other nonvolatile storage technologies such as NAND flash. ReRAM draws much less power than NAND flash. That makes it best suited for memory in sensor devices for industrial, automotive, and internet of things (IoT) applications. Neuromorphic computing is another potential application for ReRAM.
• Over the past few years, a significant demand for connected devices, such as wearables, IoT, and AI-based systems, has been seen. Resistive RAMs are used in these devices to increase storage capacities. Moreover, with the upcoming smart cities and smart homes, the connected devices are bound to increase, which, in turn, will increase the demand for strong memory capacity servers.
• To serve emerging connected IoT requirements, several companies are introducing innovations to connect and scale remote operations, bringing real-time, secure, and bandwidth-heavy IoT applications to fruition. For instance, in September 2022, Silicon Labs, the pioneer in secure, smart wireless innovation for a better-connected world, unveiled a portfolio of innovative solutions that significantly expanded its interoperability-driven, multiprotocol-supporting, and robustly-secure range with new solutions to advance the breakthroughs and patterns defining the Internet of Things, such as Amazon Sidewalk, Matter, Wi-SUN, and Wi-Fi 6.

Asia Pacific Expected to Hold a Major Share of the Market

• The Asia Pacific is expected to have a strong position in the global resistive random access memory market over the forecast period. China, South Korea, and India are some of the major countries that drive growth for the market in the Asia Pacific. The increasing consumer electronics and automotive industry fuel the demand for resistive random access memory in Asia Pacific countries.
• Moreover, many organizations are establishing data centers in this region, which will also grow the demand for the resistive RAM market. Developing nations, such as India, China, and Japan, will drive the market's growth in this region owing to the growing enterprise server, data centers, AI, and connected infrastructure.
• China is developing its domestic IC industry and plans to make more of its chips. The significant presence of manufacturers in the region is the major contributing factor to the market. China is home to several global foundries with growing clout in the global semiconductor sector.
• The growing investments in the ReRAM technology-based manufacturers are boosting the market growth rate. For instance, Xinyuan Semiconductor, which focuses on the R&D of ReRAM new memory products and associated derivative goods, has grown into China's leading new memory technology firm. The company stated that it received USD100 million in funding in April 2021.
• Further, in March 2022, Fujitsu Semiconductor Memory Solution Limited revealed the release of the MB85AS12MT, a 12Mbit ReRAM with the highest capacity in Fujitsu's ReRAM product line. This new invention is non-volatile storage with a high memory capacity of 12Mbit in a compact package size of about 2mm x 3mm. Thus, increasing developments by market players operating in the Asia Pacific region are expected to propel market growth over the forecast period.

Competitive Landscape

The Resistive RAM Market is moderately competitive and consists of several major players. Market players such as Rambus Inc., Panasonic Corporation, Adesto Technologies, Fujitsu Ltd, and Crossbar Inc.​, among others, are some of the major companies operating in the market. These major players are focusing on expanding their production capacity and leveraging strategic collaborative initiatives to increase their market share and profitability.

• December 2021 - Xinyuan Semiconductor announced the completion of the A round of funding in the millions of Yuan to accelerate the deployment of breakthrough ReRAM-based storage and computing combined devices.
• October 2021 - CrossBar Inc., a significant developer of non-volatile storage technology, unveiled new capabilities for its Resistive RAM (ReRAM) innovation in few-time programmed (FTP) and one-time-programmable (OTP) non-volatile memories (NVM) applications.
• September 2021 - SK Hynix, a South Korean firm, stated that three new technologies, STT-MRAM, Ferroelectric Memory, and ReRAM, could play a role in processing larger quantities of data.

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