Market Overview:
The global STT-MRAM market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for storage capacity and faster data access in various applications such as industrial, enterprise storage, aerospace applications, and others. The 4 Mb STT-MRAM segment is expected to hold the largest share of the global STT-MRAM market during the forecast period. However, the 256 Mb STT-MRAM segment is projected to grow at a higher CAGR than other segments during the forecast period.
 Industry Outlook.svg)
Product Definition:
A Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) is a computer memory device that uses magnetic storage to retain data. The importance of Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) is that it can offer faster speeds and longer retention times than traditional random access memories, such as DRAMs.
4 Mb STT-MRAM:
4mb stt-mram is a type of flash memory, which can be used as an alternative to DRAM for applications requiring fast access. It was designed by Samsung Electronics and Micron Technology with the collaboration of Nanyang Technological University in Singapore. The primary motivation for developing 4mb stt-MRAM was to create a high capacity random access memory (RAM) with low latency that could be used in consumer electronics products such as smartphones and tablets.
8 Mb STT-MRAM:
8-Mb STT-MRAM is a type of flash memory, which can be used as an alternative to NAND flash memory. It was developed by Toshiba Corporation in collaboration with Mitsubishi Electric and Hitachi Chemical Co., Ltd. The 8-Mb STT-MRAM has been commercialized under the name "CASETiFY" by Toshiba Corporation and is currently sold only in Japan.
Application Insights:
The enterprise storage application segment led the global spin-transfer torque magnetic random access memory (STT-MRAM) market in 2017. The growing demand for high capacity storage devices is expected to drive the growth of this segment over the forecast period. Enterprise storage applications include data centers, cloud computing, and super computers among others. These applications require a large amount of memory as they are used to store huge amounts of data and programs. This has driven STT-MRAM as it provides an advantage over flash based solid state drives in terms of endurance and power consumption owing to its non volatile nature.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the presence of a large number of players operating in this region, along with high investments made by companies for research & development activities. Moreover, increasing demand for enterprise storage and industrial applications is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption by technology providers as an enabling solution for cost-effective data storage devices. Furthermore, rising demand from telecommunication and IT & telecom sectors is likely boost regional product sales over this period.
Growth Factors:
- Increasing demand for faster and more reliable data storage solutions
- Growing popularity of cloud-based storage services
- Proliferation of big data and the Internet of Things (IoT)
- Rising demand for semiconductor memory chips in consumer electronics devices
- Advances in STT-MRAM technology that improve performance and reduce costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Research Report
By Type
4 Mb STT-MRAM, 8 Mb STT-MRAM, 16 Mb STT-MRAM, 256 Mb STT-MRAM, Others
By Application
Industrial, Enterprise Storage, Aerospace Applications, Others
By Companies
Everspin, Avalanche Technology, Renesas Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Report Segments:
The global Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) market is segmented on the basis of:
Types
4 Mb STT-MRAM, 8 Mb STT-MRAM, 16 Mb STT-MRAM, 256 Mb STT-MRAM, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Enterprise Storage, Aerospace Applications, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Everspin
- Avalanche Technology
- Renesas Electronics
 Market Overview.svg)
Highlights of The Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4 Mb STT-MRAM
- 8 Mb STT-MRAM
- 16 Mb STT-MRAM
- 256 Mb STT-MRAM
- Others
- By Application:
- Industrial
- Enterprise Storage
- Aerospace Applications
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
STT-MRAM is a type of magnetic random access memory that uses spin to store data.
Some of the key players operating in the spin-transfer torque magnetic random access memory (stt-mram) market are Everspin, Avalanche Technology, Renesas Electronics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Size & Forecast, 2020-2028
4.5.1 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Size and Y-o-Y Growth
4.5.2 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 4 Mb STT-MRAM
5.2.2 8 Mb STT-MRAM
5.2.3 16 Mb STT-MRAM
5.2.4 256 Mb STT-MRAM
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Enterprise Storage
6.2.3 Aerospace Applications
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 4 Mb STT-MRAM
9.6.2 8 Mb STT-MRAM
9.6.3 16 Mb STT-MRAM
9.6.4 256 Mb STT-MRAM
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Enterprise Storage
9.10.3 Aerospace Applications
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 4 Mb STT-MRAM
10.6.2 8 Mb STT-MRAM
10.6.3 16 Mb STT-MRAM
10.6.4 256 Mb STT-MRAM
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Enterprise Storage
10.10.3 Aerospace Applications
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 4 Mb STT-MRAM
11.6.2 8 Mb STT-MRAM
11.6.3 16 Mb STT-MRAM
11.6.4 256 Mb STT-MRAM
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Enterprise Storage
11.10.3 Aerospace Applications
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 4 Mb STT-MRAM
12.6.2 8 Mb STT-MRAM
12.6.3 16 Mb STT-MRAM
12.6.4 256 Mb STT-MRAM
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Enterprise Storage
12.10.3 Aerospace Applications
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 4 Mb STT-MRAM
13.6.2 8 Mb STT-MRAM
13.6.3 16 Mb STT-MRAM
13.6.4 256 Mb STT-MRAM
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Enterprise Storage
13.10.3 Aerospace Applications
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market: Competitive Dashboard
14.2 Global Spin-transfer Torque Magnetic Random Access Memory (STT-MRAM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Everspin
14.3.2 Avalanche Technology
14.3.3 Renesas Electronics
