The report forecasts the global ferroelectric RAM market to grow at a CAGR of 6.4% during the period 2016-2020.
The global ferroelectric RAM market is witnessing the trend of increasing investment in R&D by the leading market vendors. Some of the leading vendors like Ramtron, Texas Instruments, and Fujitsu have increased their investment in the R&D of ferroelectric RAM hardware and software. These vendors have identified the huge growth potential of this market, which is motivating them to invest more in R&D, especially for a proper set of technology standards. Moreover, the increase in R&D spending has also improved the performance and efficiency of ferroelectric RAMs, thereby increasing the application areas for these data storage media over a period of time.
According to the report, low power consumption will be a key driver for market growth. The feature such as low power consumption of ferroelectric RAMs has increased their demand in various battery-driven applications. Ferroelectric RAM is mostly used in battery-powered wireless sensors since it consumes almost 50% less power than other flash memories. This result in an increase in the battery life to a great extent, leading to a reduction in maintenance costs. Here, the vendor gets the advantage as they can compete in the market on the price. Moreover, the lower power consumption also eases the users using the devices integrated with the RAMs as their expenses gets reduced.
Further, the report states that vendors need to focus on all aspects of the ferroelectric RAM from design to final development process in order to increase market acceptance of their products.
- Cypress semiconductor
- Texas Instruments
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Current emerging memory technologies
PART 06: Supply chain
PART 07: Market landscape
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information about this report visit http://www.researchandmarkets.com/research/sv2lsg/global
Related Topics: Hardware
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-ferroelectric-ram-market-to-grow-64-by-2020---growing-need-for-high-speed-memory-devices---research-and-markets-300328779.html
SOURCE Research and Markets