The global polymer memory market is projected to amass a revenue of around US$ 6,715.1 million by 2032, up from US$ 1,206.8 million in 2022 moving forward with a CAGR of 18.7 during the forecast period.
Polymer memory is a PEDOT (Polyethylene Dioxythiopene)-based technology used in memory device deployment for data storing, reading, and writing. Data is saved by altering the polarization of each polymer in polymer memory devices, which are constructed between two electrodes and function as memory cells.
By employing electrical pulses to identify the space charges in the polymers, these devices reflect memory. Polymer memory may achieve large storage capacity and is up to 10 times faster than conventional memory devices since it is non-volatile.
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This technology is employed in things like ROM devices, WORM (Write Once Read Many) type memory applications, and permanent storage methods like holography. It is simple to integrate polymer memory with other CMOS.
Polymer Memory Market: Drivers and Restraints
Increasing demand for faster memory devices with high storage capacity of information, simple manufacturing and low power consumption of polymer memory devices are some factors driving the growth of the polymer memory market.
However, prolonged and continuous research on this technology which delays its launch in the market is restraining the growth of this market.
Polymer Memory Market: Segmentation
Polymer market can be segmented on the basis end user vertical and region wise. End user category includes Individual, Residential and Commercial. Region wise, polymer market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.
Polymer Memory Market: Key Players
Advanced Micro Devices of Sunnyvale, CA, is working with Coatue, a start-up in Woburn, MA, to develop chips that store data in polymers rather than silicon.
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