Wellesley, MA (PRWEB) January 27, 2014
According to a new technical market research report, Global Markets for Circuit Elements with Memory: Memresistors, Memcapacitors, Meminductors, from BCC Research (http://www.bccresearch.com), the global market for circuit elements with memory was valued at essentially zero in 2013. However, BCC Research projects the market to grow to $100 million by 2018 and increase to $675 million by 2023. This market is expected to register a five-year compound annual growth rate of 46.5% from 2018 to 2023.
Circuit elements with memory include memristors, memcapacitors, and meminductors. The first commercial memristor devices began reaching the market in 2013, after several years of delays. Memcapacitors and meminductors appear much further from commercialization, and are hardly mentioned in the patent literature. The market projections in this report refer entirely to memristors.
Memresistors, or memristors, have received the lion’s share of attention, starting with the 2010 announcement that Hewlett Packard and Hynix Semiconductor of Seoul, Korea would collaborate to commercialize memristor technology in the form of Resistive Random Access Memory or RRAM. (In fact, several other companies have beaten HP/Hynix to the market, with the first commercial memristor devices appearing in 2013.) However, in the longer term, it may be possible to construct memory circuits that work on capacitive and/or inductive principles. Nonvolatile memory applications are expected to be the first type of memristor application commercialized, with sales of as much as $100 million by 2018 and $375 million by 2023.
This report from BCC Research provides an overview of the emerging memresistor and related technologies (e.g., memcapacitors and meminductors) market, identifies those that are most likely to achieve significant commercial sales in the next five years to 10 years (2013 to 2023), and develops quantitative estimates of potential sales. It describe the basic technologies behind memristors, memcapacitors and meminductors; their history and current state of development; theoretical advantages and disadvantages; challenges that must be overcome to commercialize them; possible time frames for their commercialization; and potential applications. The study focuses on memristors, which are much closer to commercialization than the other two basic technologies; types of memristor (e.g., titanium dioxide, polymeric, ferroelectric, spin resistive), their strengths and weaknesses, and expected time to market; applications; and future sales. It also highlights the degree to which expected sales represent new markets as opposed to cannibalizing existing markets and the implications for suppliers’ business strategies.
This study is intended especially for executives, entrepreneurs, investors, venture capitalists, and other readers with a need to know where the market for memristors and similar devices is headed over the next 5 years to 10 years. Although the report is organized around specific technologies, it is largely nontechnical in nature and coverage. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase, and at what price.