Consider a scenario where memory consumption is a critical concern, and you need to implement a data structure for storing a large number of elements. Discuss the suitability of AVL and red-black trees in this context, considering both space and time complexities.

In a memory-critical scenario, a Red-Black Tree is more suitable. While AVL Trees provide faster search operations, they have a higher memory overhead due to stricter balancing requirements. Red-Black Trees offer a better compromise in terms of both time and space complexities, making them more efficient for large datasets with limited memory.