RESISTIVE RANDOM ACCESS MEMORY MARKET ANALYSIS

Regional Analysis

Resistive Random Access memory Market Outlook – Asia Pacific holds the largest market of the global resistive random access memory.

Asia Pacific held a dominant position in the global resistive random access memory market in 2016 and is estimated to retain its dominance throughout the forecast period. China and India are some of the major countries that drive growth for the market in Asia Pacific. The increasing consumer electronics and automotive industry fuels the demand for resistive random access memory in Asia Pacific countries. In India, the production of the electronic market has generated a revenue of US$36.2 billion in 2016, from US$31.6 billion in 2015 and is predicted to reach up to $104 billion by 2020. The consumer electronic holds 8.3% of the total production of electronic goods. Moreover, the resistive random access memory market in North America also plays a major role in growth of the market. The increasing internet of things device market and rising trend of body wearable devices, provides immense opportunity for growth of the resistive random access memory market in the North American region.