Market Overview:
The global magnetoresistive random access memory (MRAM) market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in the MRAM market can be attributed to the increasing demand for non-volatile storage devices, growing need for energy-efficient and high-speed memory solutions, and rising trend of miniaturization in electronic devices. The MRAM market is segmented on the basis of type, application, and region. On the basis of type, the MRAM market is segmented into 4K, 16K, 32K, and 64K. The 4K segment is expected to hold a major share in terms of revenue in 2018 owing to its low cost as compared to other types of MRAMs. However, with advancements being made in this technology sector on a regular basis; it is anticipated that 16 K will witness highest growth rate during the forecast period from 2018 to 2030. On account of this factor; 16 K will eventually supersede 4 K by 2020 as far as revenue contribution goes. On account of their growing demand from various end-use industries such as aerospace & defense; automotive; communications/mobile infrastructure; medical electronics etc.
Product Definition:
Magnetoresistive Random Access Memory (MRAM) is a type of computer memory that uses magnetic fields to store data. Unlike traditional computer memory, which relies on electrical charges to store information, MRAM uses the polarity of tiny magnets to represent the 1s and 0s of digital information. This makes MRAM extremely fast and durable, as there is no need for electricity or moving parts.
MRAM has several advantages over other types of computer memory. It is non-volatile, meaning that it retains its data even when power is turned off; it has a fast read/write speed; and it consumes very little power, making it an ideal choice for mobile devices such as laptops and smartphones.
4K:
4K is a term used to define four times the resolution of HD. It’s also known as Ultra High Definition (UHD) and is commonly used to refer to television sets with 3840x2160p or 7680x4320p displays. The term “4K” has been gaining increasing acceptance in the consumer electronics market, particularly for high-end TVs, monitors, and smartphones.
16K:
16K is a data type used in RAM (Reram Access Memory) and it has 32000 Bytes. It was introduced by IBM for their PC products back in the 80s. The current market demand for 16K is low due to the advent of newer technologies, but it will be witnessing growth over the forecast period owing to its usage as a reserve capacity by semiconductor manufacturers.
Application Insights:
The application segment is segregated into aerospace, automotive, communications/mobile infrastructure, defense/military and other applications. The defense/ military segment accounted for the largest market share in 2017 owing to the high demand from various end-use industries such as aerospace and automotive. Magnetoresistive random access memory technology is used in magnetic storage devices that are used in computers and hard disk drives for a variety of applications including data protection against power failures or system crashes. It also finds extensive usage as non-volatile memory for smart cards or secure digital modules (SDM).
The growing adoption of MOSFETs as an alternative to flash chipsets by smartphone manufacturers has resulted in increased revenue generation opportunities across the industry participants over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for advanced electronic devices, such as smartphones and laptops, along with technological advancements. Moreover, presence of key players in this region 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 rising disposable income coupled with growing industrialization and rapid urbanization in emerging countries such as China and India. Furthermore, increasing investments by governments for development of transportation infrastructure are expected to boost product demand across various applications including aerospace & defense and automotive during the forecast period.
Growth Factors:
- Increasing demand for MRAM in data centers to store large volumes of data
- Rising popularity of MRAM in automotive and industrial applications
- Growing demand for low-power and high-performance memory solutions
- Proliferation of next-generation devices that require more bandwidth and storage capacity
- Emergence of new applications that can benefit from the advantages offered by MRAM
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetoresistive Random Access Memory Market Research Report
By Type
4K, 16K, 32K, 64K
By Application
Aerospace, Automotive, Communications/Mobile Infrastructure, Defense/Military, Others
By Companies
Everspin, NXP, Mouser, Honeywell, STMicroelectronics
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Magnetoresistive Random Access Memory Market Report Segments:
The global Magnetoresistive Random Access Memory market is segmented on the basis of:
Types
4K, 16K, 32K, 64K
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
Aerospace, Automotive, Communications/Mobile Infrastructure, Defense/Military, 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
- NXP
- Mouser
- Honeywell
- STMicroelectronics
Highlights of The Magnetoresistive Random Access Memory 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:
- 4K
- 16K
- 32K
- 64K
- By Application:
- Aerospace
- Automotive
- Communications/Mobile Infrastructure
- Defense/Military
- 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 Random Access Memory 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
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 random access memory (MRAM) is a type of non-volatile memory that uses the principles of magnetism to store data. MRAM can be read and written much faster than traditional hard drives, making it an ideal technology for high-performance applications.
Some of the key players operating in the magnetoresistive random access memory market are Everspin, NXP, Mouser, Honeywell, STMicroelectronics.
The magnetoresistive random access memory market is expected to grow at a compound annual growth rate of 20%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetoresistive Random Access Memory 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 Random Access Memory Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetoresistive Random Access Memory Market - Supply Chain
4.5. Global Magnetoresistive Random Access Memory Market Forecast
4.5.1. Magnetoresistive Random Access Memory Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetoresistive Random Access Memory Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetoresistive Random Access Memory Market Absolute $ Opportunity
5. Global Magnetoresistive Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Type
5.3.1. 4K
5.3.2. 16K
5.3.3. 32K
5.3.4. 64K
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetoresistive Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Communications/Mobile Infrastructure
6.3.4. Defense/Military
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetoresistive Random Access Memory 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 Random Access Memory 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 Random Access Memory 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 Random Access Memory 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 Random Access Memory Demand Share Forecast, 2019-2026
9. North America Magnetoresistive Random Access Memory 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 Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Communications/Mobile Infrastructure
9.4.4. Defense/Military
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetoresistive Random Access Memory Market Size and Volume Forecast by Type
9.7.1. 4K
9.7.2. 16K
9.7.3. 32K
9.7.4. 64K
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 Random Access Memory Demand Share Forecast, 2019-2026
10. Latin America Magnetoresistive Random Access Memory 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 Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Communications/Mobile Infrastructure
10.4.4. Defense/Military
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetoresistive Random Access Memory Market Size and Volume Forecast by Type
10.7.1. 4K
10.7.2. 16K
10.7.3. 32K
10.7.4. 64K
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 Random Access Memory Demand Share Forecast, 2019-2026
11. Europe Magnetoresistive Random Access Memory 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 Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Communications/Mobile Infrastructure
11.4.4. Defense/Military
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetoresistive Random Access Memory Market Size and Volume Forecast by Type
11.7.1. 4K
11.7.2. 16K
11.7.3. 32K
11.7.4. 64K
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 Random Access Memory Demand Share, 2019-2026
12. Asia Pacific Magnetoresistive Random Access Memory 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 Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Communications/Mobile Infrastructure
12.4.4. Defense/Military
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetoresistive Random Access Memory Market Size and Volume Forecast by Type
12.7.1. 4K
12.7.2. 16K
12.7.3. 32K
12.7.4. 64K
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 Random Access Memory Demand Share, 2019-2026
13. Middle East & Africa Magnetoresistive Random Access Memory 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 Random Access Memory 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 Random Access Memory Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Communications/Mobile Infrastructure
13.4.4. Defense/Military
13.4.5. 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 Random Access Memory Market Size and Volume Forecast by Type
13.7.1. 4K
13.7.2. 16K
13.7.3. 32K
13.7.4. 64K
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 Random Access Memory Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetoresistive Random Access Memory Market: Market Share Analysis
14.2. Magnetoresistive Random Access Memory Distributors and Customers
14.3. Magnetoresistive Random Access Memory Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Everspin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NXP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mouser
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. STMicroelectronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
