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Memristor is a passive non-Volatile electronic component, it possesses the property of both the memory and resistor. Memristor is considered as the fourth fundamental component after resistor, Capacitor and Inductor. The concept of memristor and memristance was first introduced by Prof. Leon Chua from university of California, Berkeley.

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A memristor a two terminal electrical component that can regulate the flow of electrical current in a circuit and can remember the amount of charge that have previously flowed through it. When the current is stopped by turning of the applied voltage the component would remember the last resistance it had.

Memristance is a phenomena wherein if the current flows in one direction through mermistor then its resistance increases and when the current flows in opposite direction its resistance decreases.

There are various factors which are driving the growth of memristor Market. The key factor which would help to grow the memristor market is due to strong demand from smartphones, tablets, computer peripherals, and cloud vendors .

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The other factors which could accelerate the growth of memristor market is due to its property of remembering its previously known resistance and it’s unique design. This helps to takes less time for booting up and it is faster than using transistor. As complex devices have more transitions, thus memristor can be a replacement of increasing number of transitions in a circuit. It provides flexibility of storing information, thus acting as a great threat to DRAM, NAND flash memory and hard drives market space.