Market Overview:
The global Magnetoresistive RAM (MRAM) market is expected to grow at a CAGR of XX% and reach a market size of US$XX million by 2030. The MRAM market is segmented on the basis of type, application and region. On the basis of type, Toggle MRAM and Second Generation MRAM (STT-MRAM) are the two major segments in the MRAM market. Toggle MRAM held a larger share in 2017 and is expected to maintain its dominance during the forecast period. However, STT-MRAM is projected to grow at a higher CAGR owing to its advantages over Toggle MRAM such as faster switching speed, lower power consumption and better scalability. By application, Consumer Electronics accounted for majority share in 2017 followed by Robotics, Automotive, Enterprise storage etc., However Consumer Electronics segment is projected to witness highest growth rate during forecast period due to increasing demand for smart devices such as smartphones & tablets across globe. Regionally North America was largest contributor in terms of revenue followed by Europe & Asia Pacific respectively in 2017; however Asia Pacific region is anticipated to exhibit highest growth rate over next decade attributed mainly due To rising demand from countries such as China & India . Some key players operating in global Magnetoresistive RAM (MRam) Market are Samsung Electronics Co., Ltd., Toshiba Corporation Mitsubishi Electric Corporation , Everspin Technologies Inc.
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Product Definition:
Magnetoresistive RAM (MRAM) is a type of computer memory that uses magnetic fields to store data. MRAM is faster and more reliable than traditional RAM, and it requires no power to retain its data. This makes MRAM ideal for use in devices that must remain powered down for long periods of time, such as portable electronics and medical implants.
Toggle MRAM:
Toggle MRAM is a type of Magneto-resistive RAM (MRAM) that can be switched between read and write modes using a control signal. It was developed by Micron Technology Inc., which has led to an increase in its market share.
Second Generation MRAM (STT-MRAM):
Second generation MRAM (STT-MRAM) is a type of Magnetoresistive random access memory (MRAM) that uses spin-transfer torque technology to retain data without power. STT-MRAM stores information using the concept of charge coupled device architecture, which eliminates the need for refreshing or refreshing charges in DRAMs. The absence of refreshing reduces power consumption and increases efficiency, making it a better choice for mobile devices such as smartphones and tablets.
Application Insights:
The enterprise storage segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing demand for non-volatile memory devices that offer higher endurance than their volatile counterparts is anticipated to drive MRAM application growth over the coming years. Enterprise storage applications include cloud computing, data centers, and corporate networks. These applications require a large amount of non-volatile memory as compared to their counterparts which are used in consumer electronics or smartphones.
The consumer electronics segment was valued at USD 281 million in 2017 owing to increasing adoption of smart wearable devices such as fitness bands and smartwatches coupled with rising demand for high capacity smartphones across developing economies such as China, India, Vietnam etcetera. Magnetoresistive random access memory offers several advantages including faster read/write speeds compared to flash NOR or NAND type solid state drives (SSDs).
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to technological advancements and high adoption rate of magnetoresistive random access memory devices. The presence of major players in this region is also likely to spur market growth. Asia Pacific, on the other hand, is anticipated to witness significant growth due to increasing demand for consumer electronics products and rising investments by prominent players in this region. Moreover, favorable government initiatives are also expected drive regional growth over the next eight years.
The European market held a share of more than 20% in 2017 owing with high adoption rate of advanced technologies such as 3D-printing and IoT devices that require fast data storage & processing capabilities along with higher security measures for personal data protection purposes.
Growth Factors:
- Increasing demand for faster, more efficient 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 MRAM technology that improve performance and reduce costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetoresistive RAM (MRAM) Market Research Report
By Type
Toggle MRAM, Second Generation MRAM (STT-MRAM)
By Application
Consumer Electronics, Robotics, Automotive, Enterprise storage, Aerospace and Defense, Others
By Companies
Everspin Technologies Inc., Avalanche Technology Inc., Intel Corp., Toshiba, Spin Transfer Technologies, Samsung Electronics Co. Ltd., Honeywell International Inc., Hewlett-Packard Enterprise, NVE Corporation
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Magnetoresistive RAM (MRAM) Market Report Segments:
The global Magnetoresistive RAM (MRAM) market is segmented on the basis of:
Types
Toggle MRAM, Second Generation MRAM (STT-MRAM)
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
Consumer Electronics, Robotics, Automotive, Enterprise storage, Aerospace and Defense, 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 Technologies Inc.
- Avalanche Technology Inc.
- Intel Corp.
- Toshiba
- Spin Transfer Technologies
- Samsung Electronics Co. Ltd.
- Honeywell International Inc.
- Hewlett-Packard Enterprise
- NVE Corporation
 Market Overview.svg)
Highlights of The Magnetoresistive RAM (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:
- Toggle MRAM
- Second Generation MRAM (STT-MRAM)
- By Application:
- Consumer Electronics
- Robotics
- Automotive
- Enterprise storage
- Aerospace and Defense
- 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 Magnetoresistive RAM (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?
Magnetoresistive RAM (MRAM) is a type of non-volatile memory that uses the principles of magnetism to store data. MRAM can retain data even when the power is turned off, making it ideal for use in devices such as smartphones and tablets.
Some of the key players operating in the magnetoresistive ram (mram) market are Everspin Technologies Inc., Avalanche Technology Inc., Intel Corp., Toshiba, Spin Transfer Technologies, Samsung Electronics Co. Ltd., Honeywell International Inc., Hewlett-Packard Enterprise, NVE Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetoresistive RAM (MRAM) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetoresistive RAM (MRAM) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetoresistive RAM (MRAM) Market - Supply Chain
4.5. Global Magnetoresistive RAM (MRAM) Market Forecast
4.5.1. Magnetoresistive RAM (MRAM) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetoresistive RAM (MRAM) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetoresistive RAM (MRAM) Market Absolute $ Opportunity
5. Global Magnetoresistive RAM (MRAM) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Type
5.3.1. Toggle MRAM
5.3.2. Second Generation MRAM (STT-MRAM)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetoresistive RAM (MRAM) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Application
6.3.1. Consumer Electronics
6.3.2. Robotics
6.3.3. Automotive
6.3.4. Enterprise storage
6.3.5. Aerospace and Defense
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetoresistive RAM (MRAM) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetoresistive RAM (MRAM) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetoresistive RAM (MRAM) Demand Share Forecast, 2019-2026
9. North America Magnetoresistive RAM (MRAM) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Application
9.4.1. Consumer Electronics
9.4.2. Robotics
9.4.3. Automotive
9.4.4. Enterprise storage
9.4.5. Aerospace and Defense
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Type
9.7.1. Toggle MRAM
9.7.2. Second Generation MRAM (STT-MRAM)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetoresistive RAM (MRAM) Demand Share Forecast, 2019-2026
10. Latin America Magnetoresistive RAM (MRAM) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Application
10.4.1. Consumer Electronics
10.4.2. Robotics
10.4.3. Automotive
10.4.4. Enterprise storage
10.4.5. Aerospace and Defense
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Type
10.7.1. Toggle MRAM
10.7.2. Second Generation MRAM (STT-MRAM)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetoresistive RAM (MRAM) Demand Share Forecast, 2019-2026
11. Europe Magnetoresistive RAM (MRAM) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Application
11.4.1. Consumer Electronics
11.4.2. Robotics
11.4.3. Automotive
11.4.4. Enterprise storage
11.4.5. Aerospace and Defense
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Type
11.7.1. Toggle MRAM
11.7.2. Second Generation MRAM (STT-MRAM)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetoresistive RAM (MRAM) Demand Share, 2019-2026
12. Asia Pacific Magnetoresistive RAM (MRAM) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Application
12.4.1. Consumer Electronics
12.4.2. Robotics
12.4.3. Automotive
12.4.4. Enterprise storage
12.4.5. Aerospace and Defense
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Type
12.7.1. Toggle MRAM
12.7.2. Second Generation MRAM (STT-MRAM)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetoresistive RAM (MRAM) Demand Share, 2019-2026
13. Middle East & Africa Magnetoresistive RAM (MRAM) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetoresistive RAM (MRAM) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Application
13.4.1. Consumer Electronics
13.4.2. Robotics
13.4.3. Automotive
13.4.4. Enterprise storage
13.4.5. Aerospace and Defense
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetoresistive RAM (MRAM) Market Size and Volume Forecast by Type
13.7.1. Toggle MRAM
13.7.2. Second Generation MRAM (STT-MRAM)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetoresistive RAM (MRAM) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetoresistive RAM (MRAM) Market: Market Share Analysis
14.2. Magnetoresistive RAM (MRAM) Distributors and Customers
14.3. Magnetoresistive RAM (MRAM) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Everspin Technologies Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Avalanche Technology Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Intel Corp.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toshiba
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Spin Transfer Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Samsung Electronics Co. Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honeywell International Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hewlett-Packard Enterprise
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NVE Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
