New Study from StrategyR Highlights a $290.2 Million Global Market for NanoRAM by 2026

SAN FRANCISCO, Nov. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "NanoRAM - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 16; Released: November 2021
Executive Pool: 9219
Companies: 20 - Players covered include Advanced Micro Devices, Inc.; Canon Anelva Corporation; Cypress Semiconductor Corporation; Everspin Technologies, Inc.; Fujitsu Semiconductor Ltd.; Hitachi, Ltd.; Honeywell International Inc.; IBM Corporation; Infineon Technologies AG; Intel; Nanosys, Inc.; Nantero, Inc.; NVE Corporation; Samsung Electronics Co., Ltd.; SK Hynix Inc.; STMicroelectronics NV; Texas Instruments Inc; Toshiba Corp. and Others.
Coverage: All major geographies and key segments
Segments: Application (Enterprise Network & Systems, Embedded Systems, Other Applications)
Geographies: World

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ABSTRACT-

Global NanoRAM Market to Reach US$290.2 Million by the Year 2026
Nanotube-RAM or NanoRAM or NRAM is a non-volatile random access memory that utilizes carbon nanotubes placed on a chip-like substrate. NRAM is the proprietary technology of Nantero. Carbon nanotubes-based non-volatile memory technology is anticipated to gain much traction over the coming years. Data storage requirement of different electronic gadgets including computers, smartphones, laptops and other electronics that are used on a daily basis is increasing, which is in turn fueling growth for the market for NRAMs and such other technologies that make possible higher data storage. Increasing investments in electronics and semiconductor industries also creates opportunities for growth for the market. Demand is expected to be high in the automotive, consumer electronics, defense, aerospace and telecommunication applications, where the attributes of low power consumption and high-speed operation would be highly beneficial. NRAMs are also being integrated into circuits that can be easily accessed by any electronic device. Projects for digital transformation, across several industrial verticals, including BFSI, healthcare, IT and telecom, also creates market growth opportunities. Furthermore, when compared to flash and DRAM, NRAM is faster. It consumes around 160 times faster volatile capacity/bit by using comparatively less power. NRAM also offers mass customization potential. In the form of a nanochip, it allows customization for numerous tasks.

Amid the COVID-19 crisis, the global market for NanoRAM estimated at US$44.8 Million in the year 2020, is projected to reach a revised size of US$290.2 Million by 2026, growing at a CAGR of 37.8% over the analysis period. Enterprise Network & Systems, one of the segments analyzed in the report, is projected to grow at a 35.7% CAGR to reach US$301.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Embedded Systems segment is readjusted to a revised 45.9% CAGR for the next 7-year period. This segment currently accounts for a 11% share of the global NanoRAM market.

The U.S. Market is Estimated at $22.1 Million in 2021, While China is Forecast to Reach $71.9 Million by 2026
The NanoRAM market in the U.S. is estimated at US$22.1 Million in the year 2021. The country currently accounts for a 40.7% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$71.9 Million in the year 2026 trailing a CAGR of 45.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.2% and 33% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 33.7% CAGR while Rest of European market (as defined in the study) will reach US$110.9 Million by the end of the analysis period. North America is one of the key markets for NRAMs currently. Availability of improved technology infrastructure, combined with the factor of growing data center investments, creates an environment highly conducive to growth of the market for nano RAMs across the region.

Embedded Systems Segment to Reach $44.5 Million by 2026
As there is increasing emphasis on developing embedded applications for smartphones as well as IoT (Internet of Things) components, the focus is on new technologies with greater flexibility and better optimization. NRAM, in this regard is considered extremely promising, since the technology presents considerable potential for customization, implying that the technology can be built to meet the requirements of specific tasks. In embedded memory applications, NRAM can be used for creating more power microcontroller, microprocessor and other types of logic devices. In the global Embedded Systems segment, USA, Canada, Japan, China and Europe will drive the 43.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.4 Million in the year 2020 will reach a projected size of US$60.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.1 Million by the year 2026. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.