Industry Verticals »

All Categories

Insights »

About TMR »

Magneto Resistive RAM (MRAM) Market

Magneto Resistive RAM (MRAM) Market (Product Type - Toggle MRAM and Second Generation MRAM (STT-MRAM); Application - Consumer Electronics, Robotics, Automotive, Enterprise Storage, Aerospace and Defense) - Global Industry Analysis, Trend, Size, Share, and Forecast 2019 - 2027

Global Magneto Resistive RAM (MRAM) Market: Snapshot

On account of the rising demand for fast, scalable, low power consuming, and non-volatile memory devices, especially in the automotive, enterprise storage, and aerospace and defense sectors, the global market for magneto resistive RAM (MRAM) is likely to gain significant impetus over the forthcoming years. 

In 2018, the worldwide MRAM market stood at US$113.1 Mn. Supported by the infinite cycling endurance and high speed reading/writing capabilities of MRAM, the opportunity in this market is likely to expand at a CAGR of 43.0 % between 2019 and 2027 and reach a value of US$ 2819.3 Mn by 2027.

fa global magneto resistive ram market

Request a sample to get extensive insights into the Magneto Resistive RAM (MRAM) Market?

Enterprise Storage Sector to Report Strong Demand for MRAM

The enterprise storage, consumer electronics, automotive, robotics, aerospace and defense sectors have emerged as the key application areas of MRAM. Among these, MRAM finds the most prominent application in the enterprise storage sector. In enterprise storage solutions, the deployment of MRAM improves the networking and data center fault recovery systems, reducing the overall system downtime to a great extent, and eventually, decreasing the total operational cost. Over the coming years, this factor is likely to add significantly to the popularity of MRAM and will lead to a remarkable increase in their demand in the enterprise storage sector.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Nowadays, several consumer electronics applications utilize technologically advanced memory devices in a bid to gain reliability, ensure data integrity, and enable low energy consumption, which in turn, is anticipated to create lucrative opportunities for the global market for MRAM in the coming years. 

Asia Pacific to Remain Leading Contributor to Global MRAM Market

On the geographical front, Asia Pacific has surfaced as the leading contributor to the global MRAM market. The ongoing development of the data center infrastructure in this region, thanks to the rising penetration of internet and the robust usage of cloud computing, is acting at the key driving factor behind the growth of the Asia Pacific MRAM market. Researchers expect this regional market to remain dominant over the forecast period.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Magneto Resistive RAM (MRAM) Market

North America emerged second in the global market for MARM in 2018. Supported by a strong concentration of key vendors and the rise in research and development activities, the North America market for MRAM is likely to retain its position during the period of forecast. Apart from this, the growing need to curtail data consumption, together with the increasing number of computationally intensive applications, is projected to boost the demand for fast and highly scalable memory solutions in North America, which is anticipated to create attractive growth opportunities for MRAM manufacturers over the next few years. On the other hand, Europe is likely to experience a moderate demand for MRAM devices in the near future.

  • NVE Corp
  • Hewlett-Packard Enterprise
  • Avalanche Technology Inc
  • Everspin Technologies Inc.
  • Honeywell International Inc.
  • Spin Transfer Technologies
  • Toshiba
  • Samsung Electronics Co. Ltd.
  • Intel Corp.

are some of the leading vendors of MRAM across the world. The leading players in this market are investing heavily for the development of technologically advanced MRAM and are expected to focus on product innovation in the coming years.

Advancements in Electronic Products to Boost the Growth of the Magneto Resistive RAM Market

The magneto resistive RAM market is expected to gain tremendous growth across the assessment period of 2019-2027. The growing influence of the latest advancements in the electronics sector is anticipated to bring good growth opportunities for the magneto resistive RAM market during the forecast period. The magnifying influence of devices like wearables and flexible electronic products will serve as a vital growth opportunity.

  • Magneto resistive RAM assists in accelerating the performance. It consumes less power and is capable of data retention, even during power cuts. Thus, the benefits etched with magneto resistive RAM and abundant advantages as compared to traditional NAND will prove as a great contributor and help in accelerating the growth rate.
  • The rising influence of research and development activities has influenced the growth to a considerable extent. The players in the magneto resistive RAM market invest heavily in research activities. These activities help in expanding the growth opportunities. The players are also involved in expansion activities that assist in seamless production and distribution process.
  • Mergers and acquisitions are a crucial aspect. These collaborations help in enlarging the influence of the players to a great extent, ultimately leading to an increase in the growth rate of the magneto resistive RAM market.
  • The novel coronavirus outbreak has influenced almost all sectors and businesses around the world. The high-transmission levels of the virus forced many countries to impose stringent lockdowns. These lockdowns caused great distress to many businesses and sectors. The manufacturing units were closed for a brief period which led to notable damage in terms of production levels and demand. This aspect ruined the growth prospects to a considerable extent.
  • Nevertheless, the relaxations in lockdown restrictions and the expanding vaccination drives across various countries are giving rise to the hope of going back to normal.

    Chapter 1 Preface

        1.1. Report Scope and Market Segmentation

        1.2. Research Highlights

    Chapter 2 Assumptions and Research Methodology

        2.1. Assumptions and Acronyms Used

        2.2. Research Methodology

    Chapter 3 Executive Summary

    Chapter 4 Global MRAM Market: Market Overview

        4.1. Introduction

            4.1.1. Industry Evolution

        4.2. Key Trends Analysis

        4.3. Market Dynamics: Drivers and Restraints Snapshot Analysis

            4.3.1. Drivers

                4.3.1.1. Increasing demand for highly scalable, faster, low power consumable and nonvolatile memories with lower cost per bit

                4.3.1.2. Rapid growth of flexible and wearable electronics market

            4.3.2. Restraints

                4.3.2.1. High Designing Cost Along with Electromagnetic Interference Problem

            4.3.3. Market Opportunities

        4.4. Value Chain Analysis

        4.5. Penetration Rate among Industries (2017 - 2021) 

        4.6. Market Attractiveness Analysis 

        4.7. Competitive Land Scape 

            4.7.1. Market Share of Key Players, 2018 (%) 

            4.7.2. Competitive Strategies Adopted by Major Players 

            4.7.3. Competitive Advantage above Other Type of RAMs 

            4.7.4. Average Selling Price (ASP) Revenue Matrix 

    Chapter 5 Magneto Resistive RAM (MRAM) Market Analysis, by Product Type

        5.1. Introduction

        5.2. Global MRAM Market Forecast, by Product Type

            5.2.1. Global Toggle MRAM Market Revenue (USD Mn), 2018 – 2027

            5.2.2. Global Second Generation MRAM (STT-MRAM) Market Revenue (USD Mn), 2018 – 2027

    Chapter 6 Magneto Resistive RAM (MRAM) Market Analysis, by Application

        6.1. Introduction

        6.2. Global MRAM Market Forecast, by Application

            6.2.1. Consumer Electronics MRAM Market Revenue (USD Mn), 2018 – 2027

            6.2.2. Robotics MRAM Market Revenue (USD Mn), 2018 – 2027

            6.2.3. Automotive MRAM Market Revenue (USD Mn), 2018 – 2027

            6.2.4. Enterprise Storage MRAM Market Revenue (USD Mn), 2018 – 2027

            6.2.5. Aerospace and Defense MRAM Market Revenue (USD Mn), 2018 – 2027

            6.2.6. Others MRAM Market Revenue (USD Mn), 2018 – 2027

    Chapter 7 Magneto Resistive RAM (MRAM) Market Analysis, by Region

        7.1. Geographical Scenario

        7.2. Global MRAM Market Value Share Analysis, by Region

        7.3. Global MRAM Market Revenue Analysis, by Region

    Chapter 8 North America MRAM Market Analysis

        8.1. North America MRAM Market Value Share Analysis, by Product Type

        8.2. North America MRAM Market Revenue Analysis, by Product Type

        8.3. North America MRAM Market, Value Share Analysis, by Application

        8.4. North America MRAM Market Revenue Analysis, by Application

    Chapter 9 Europe MRAM Market Analysis

        9.1. Europe MRAM Market Value Share Analysis, by Product Type

        9.2. Europe MRAM Market Revenue Analysis, by Product Type

        9.3. Europe MRAM Market, Value Share Analysis, by Application

        9.4. Europe MRAM Market Revenue Analysis, by Application

    Chapter 10 Asia Pacific MRAM Market Analysis

        10.1. Asia Pacific MRAM Market Value Share Analysis, by Product Type

        10.2. Asia Pacific MRAM Market Revenue Analysis, by Product Type

        10.3. Asia Pacific MRAM Market, Value Share Analysis, by Application

        10.4. Asia Pacific MRAM Market Revenue Analysis, by Application

    Chapter 11 Middle-East and Africa (MEA) MRAM Market Analysis

        11.1. Middle-East and Africa (MEA) MRAM Market Value Share Analysis, by Product Type

        11.2. Middle-East and Africa (MEA) MRAM Market Revenue Analysis, by Product Type

        11.3. Middle-East and Africa (MEA) MRAM Market, Value Share Analysis, by Application

        11.4. Middle-East and Africa (MEA) MRAM Market Revenue Analysis, by Application

    Chapter 12 Latin America MRAM Market Analysis

        12.1. Latin America MRAM Market Value Share Analysis, by Product Type

        12.2. Latin America MRAM Market Revenue Analysis, by Product Type

        12.3. Latin America MRAM Market, Value Share Analysis, by Application

        12.4. Latin America MRAM Market Revenue Analysis, by Application

    Chapter 13 Company Profiles

        13.1. Everspin Technologies Inc.

            13.1.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.1.2. Market Presence, By Segment and Geography

            13.1.3. Key Developments

            13.1.4. Strategy

            13.1.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.2. Avalanche Technology Inc.

            13.2.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.2.2. Market Presence, By Segment and Geography

            13.2.3. Key Developments

            13.2.4. Strategy

            13.2.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.3. Intel Corp.

            13.3.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.3.2. Market Presence, By Segment and Geography

            13.3.3. Key Developments

            13.3.4. Strategy

            13.3.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.4. Toshiba

            13.4.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.4.2. Market Presence, By Segment and Geography

            13.4.3. Key Developments

            13.4.4. Strategy

            13.4.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.5. Spin Transfer Technologies

            13.5.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.5.2. Market Presence, By Segment and Geography

            13.5.3. Key Developments

            13.5.4. Strategy

            13.5.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.6. Samsung Electronics Co. Ltd.

            13.6.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.6.2. Market Presence, By Segment and Geography

            13.6.3. Key Developments

            13.6.4. Strategy

            13.6.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.7. Honeywell International Inc.

            13.7.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.7.2. Market Presence, By Segment and Geography

            13.7.3. Key Developments

            13.7.4. Strategy

            13.7.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.8. Hewlett-Packard Enterprise

            13.8.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.8.2. Market Presence, By Segment and Geography

            13.8.3. Key Developments

            13.8.4. Strategy

            13.8.5. Revenue and Year on Year (Y-o-Y) Growth (%)

        13.9. NVE Corporation

            13.9.1. Company Details (HQ, Foundation Year, Employee Strength and SWOT Analysis)

            13.9.2. Market Presence, By Segment and Geography

            13.9.3. Key Developments

            13.9.4. Strategy

            13.9.5. Revenue and Year on Year (Y-o-Y) Growth (%).

    List of Tables

    TABLE 1 Industry Evolution

    TABLE 2 Global MRAM Market Revenue (USD Mn) and Forecast, by Product Type, 2018–2027

    TABLE 3 Global MRAM Market Revenue (USD Mn) and Forecast, by Application, 2018 – 2027

    TABLE 4 Global MRAM Market Revenue (USD Mn) and Forecast, by Region, 2018–2027

    TABLE 5 North America MRAM Market Revenue (USD Mn) and Forecast, by Product Type, 2018 – 2027

    TABLE 6 North America MRAM Market Revenue (USD Mn) and Forecast, by Application, 2018 – 2027

    TABLE 7 Europe MRAM Market Revenue (USD Mn) and Forecast, by Product Type, 2018 – 2027

    TABLE 8 Europe MRAM Market Revenue (USD Mn) and Forecast, by Application, 2018 – 2027

    TABLE 9 Asia Pacific MRAM Market Revenue (USD Mn) and Forecast, by Product Type, 2018 – 2027

    TABLE 10 Asia Pacific MRAM Market Revenue (USD Mn) and Forecast, by Application, 2018 – 2027

    TABLE 11 Middle-East and Africa (MEA) MRAM Market Revenue (USD Mn) and Forecast, by Product Type, 2018 – 2027

    TABLE 12 Middle-East and Africa (MEA) MRAM Market Revenue (USD Mn) and Forecast, by Application, 2018 – 2027

    TABLE 13 Latin America MRAM Market Value Share Analysis, by Product Type, 2018 and 2027

    TABLE 14 Latin America MRAM Market Value Share Analysis, by Product Type, 2018 and 2027

    List of Figures

    FIG. 1 Research Methodology

    FIG. 2 Market Snapshot

    FIG. 3 Key Trends

    FIG. 4 Market Dynamics

    FIG. 5 Growth of Global Wearable Device Market

    FIG. 6 Growth of Global Flexible Display Market

    FIG. 7 Opportunity Analysis

    FIG. 8 Value Chain Analysis

    FIG. 9 Penetration Rate among Industries (2017 - 2021) 

    FIG. 10 Market Attractiveness Analysis, by Product Type, 2018

    FIG. 11 Market Share of Key Players, 2018 (%)

    FIG. 12 Competitive Advantage above Other Type of RAMs

    FIG. 13 Average Selling Price (ASP) Revenue Matrix

    FIG. 14 Global MRAM Market Value Share Analysis, by Product Type, 2018 and 2027

    FIG. 15 Global Toggle MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 16 Global Second Generation MRAM (STT-MRAM) Market Revenue (USD Mn), 2018 – 2027

    FIG. 17 Global MRAM Market Value Share Analysis, by Application, 2018 and 2027

    FIG. 18 Consumer Electronics MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 19 Robotics MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 20 Automotive MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 21 Enterprise Storage MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 22 Aerospace and Defense MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 23 Others MRAM Market Revenue (USD Mn), 2018 – 2027

    FIG. 24 Geographical Scenario

    FIG. 25 Global MRAM Market Value Share Analysis, by Region Type, 2018 and 2027

    FIG. 26 North America MRAM Market Value Share Analysis by Product Type, 2018 and 2027

    FIG. 27 North America MRAM Market, Value Share Analysis, by Application, 2018 and 2027

    FIG. 28 Europe MRAM Market Value Share Analysis by Product Type, 2018 and 2027

    FIG. 29 Europe MRAM Market, Value Share Analysis, by Application, 2018 and 2027

    FIG. 30 Asia Pacific MRAM Market Value Share Analysis, by Product Type, 2018 and 2027

    FIG. 31 Asia Pacific MRAM Market, Value Share Analysis, by Application, 2018 and 2027

    FIG. 32 Middle-East and Africa (MEA) MRAM Market Value Share Analysis, by Product Type, 2018 and 2027

    FIG. 33 Middle-East and Africa (MEA) MRAM Market, Value Share Analysis, by Application, 2018 and 2027

    FIG. 34 Latin America MRAM Market Value Share Analysis, by Product Type, 2018 and 2027

    FIG. 35 Latin America MRAM Market, Value Share Analysis, by Application, 2018 and 2027

Copyright © Transparency Market Research, Inc. All Rights reserved

Magneto Resistive RAM (MRAM) Market

Schedule a Call