Press Releases

Exponential Growth in Global Markets for Circuit Elements with Memory

December 08, 2016

Wellesley, Mass., Dec 08, 2016 – The global market for circuit elements with memory should experience exponential growth during the next five years. BCC Research reveals in its new report that this evolving technology should elicit a paradigm shift in the dynamics of modern electronic devices.

Circuit elements with memory include memresistors, memcapacitors and meminductors. These devices have the ability to store information without the need of a power source.

The global market for circuit elements with memory should reach $39.8 million and $529.6 million in 2016 and 2021, respectively, reflecting a five-year compound annual growth rate (CAGR) of 67.8%. Non-volatile memory, the largest application market, is expected to grow from $21.6 million in 2016 to $226.8 million in 2021, demonstrating a five-year CAGR of 60.0%. Control systems, the fastest-growing application with an anticipated five-year CAGR of 90.0%, should total $14.6 million in 2021, up from $590,000 in 2016.

The Asia-Pacific region is a major market fueling the global demand for circuit elements with memory. China’s increasing consumption of nonvolatile memory across its end markets and its activity as a manufacturing hub for the technology industry should positively impact market demand.

Increasing focus on reduction of power consumption without compromising on functionality also is expected to boost market demand. Additionally, increasing automation across industries is spurring usage of memresistors and memcapacitors in control systems. Although implementation is presently low, it should increase markedly during the forecast period.

Rapid growth in the consumer electronics sector is a key factor growing big demand. Fueled by technological developments and consumerization of technology, this market should expand significantly. In turn, this should impact demand for semiconductor metallization, as well.

"One of the most promising applications of this hybrid IC technology is in field-programmable gate arrays (FPGAs) that use both memresistors and transistors, where the memresistors are made from the semiconductor titanium dioxide," says BCC Research analyst Guarav Bhushan. "FPGAs are a key element in 'reconfigurable computing,' a computer architecture that uses reconfigurable electronics to perform computations in hardware to increase performance, while retaining much of the flexibility of a software solution. Hybrid memresistor-transistor FPGAs are faster, smaller, and more energy-efficient than conventional FPGAs."

Global Markets for Circuit Elements with Memory: Memresistors, Memcapacitors, Meminductors (SMC095B) analyzes the market from the component side (i.e., the market revenues are measured depending on the sales of the components used for circuit elements with memory).The report also examines patent activity and key market players. Global market drivers and trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021 also are provided.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

Global Markets for Circuit Elements with Memory: Memresistors, Memcapacitors, Meminductors( SMC095B )
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