Magneto Resistive RAM (MRAM) Strategic Business Report 2023: Emergence of Next Generation Memory Technologies Support Growth


Dublin, May 24, 2023 (GLOBE NEWSWIRE) -- The "Magneto Resistive RAM (MRAM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Magneto Resistive RAM (MRAM) estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$18 Billion by 2030, growing at a CAGR of 35.2% over the analysis period 2022-2030.

Enterprise Storage, one of the segments analyzed in the report, is projected to record a 39% CAGR and reach US$6.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Consumer Electronics segment is readjusted to a revised 35% CAGR for the next 8-year period.

The U.S. Market is Estimated at $568.3 Million, While China is Forecast to Grow at 44.6% CAGR

The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$568.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 44.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.7% and 29.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 33.7% CAGR.

Select Competitors (Total 42 Featured) -

  • Avalanche Technology, Inc.
  • Crocus Nano Electronics, LLC
  • Everspin Technologies, Inc.
  • Honeywell International, Inc.
  • NVE Corporation
  • Samsung Electronics Co., Ltd.
  • Spin Memory, Inc.
  • Toshiba Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages246
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.6 Billion
Forecasted Market Value (USD) by 2030$18 Billion
Compound Annual Growth Rate35.3%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Magneto Resistive RAM (MRAM) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of COVID-19 Pandemic and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • How the IT Industry Has Been Impacted by the Pandemic & What's the New Normal?
  • Global Information Technology Market Growth Outlook (In %) For Years 2019 Through 2025
  • Semiconductor Industry Experiences Disruptions
  • An Introduction to Magneto Resistive RAM (MRAM)
  • Operation of MRAM
  • Structure and Fabrication of MRAM
  • Critical Characteristics of MRAM
  • Types of MRAM
  • Evolving Capabilities Present MRAM as a Promising Memory Technology of the Future
  • Enterprise Storage: The Leading Application Market
  • Developed Economies Lead, Developing Economies Poised for High Growth
  • Competition
  • Recent Market Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Emergence of Next Generation Memory Technologies to Support Growth of MRAM Market
  • Global Non-Volatile Memory Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • MRAM Set to Emerge as Persistent Memory for Numerous Applications
  • Low-power Consumption Benefit of MRAM
  • MRAM Moves into Embedded Space
  • Increasing Competitiveness of Embedded MRAM (eMRAM) with Other Memory Technologies: Price in $/Gb by Memory Type for the Years 2018, 2020, 2022, 2024 and 2026
  • eMRAM Holds an Edge Over Other Memory Technologies: Comparing Power, Performance, Area, and Availability of SRAM, eMRAM, eFLASH, PCM, RRAM, and FeFET
  • Second Generation STT-MRAM to Grab Growing Share of MRAM Market
  • STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash
  • STT-RAM to Emerge as a Potential Leading Memory Type in the Embedded Emerging NVM Market
  • Emerging Non-Volatile Memory (NVM) Market: Percentage Breakdown of Revenues in Standalone and Embedded Memory Segments by RRAM, STT-MRAM and PCM
  • Challenges Confronting Fabrication and Testing of STT-RAM
  • Potential for MRAM to Replace SRAM and DRAM
  • Growing Memory Requirements of Data Centers to Propel MRAM Market
  • Data Centers Continue to Gain Importance: Presenting Opportunities for MRAM Market
  • Global Data centers Market Growth Outlook (In %) For Years 2019 Through 2025
  • Data Center IP Traffic Growth Worldwide: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020 & 2022
  • Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021
  • Power, Cost, and Time Saving Advantages of STT-MRAM to Drive Adoption in Hyperscale Data Centers
  • Number of Hyperscale Data Centers Worldwide (in Units) for the Period 2015-2021
  • Rising Computing Needs of Consumer Electronic Devices: Opportunity for MRAM Market
  • Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
  • Embedded MRAM Emerges as a Promising Technology for IoT Devices, Artificial Intelligence and Machine Learning
  • MRAM Opportunity in IoT Space: Global M2M/IoT Connections (In Billion) for Years 2019, 2021 and 2023
  • Rapidly Growing AI/ML Market Presents Growth Opportunities for MRAM Adoption: Global Deep Learning Chipset Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Growing Need for Energy-Efficient Storage Solutions Gives Impetus to MRAM Market
  • Installed Base of Data Storage Capacity (in Zettabytes) for 2019, 2020, and 2024
  • MRAM Emerges as a Possible Option for Post-Flash Solid-State Storage
  • MRAM Emerges as the Next Stage for Solid State Storage
  • MRAM Emerges as a Memory Solution for Intelligent and Connected Automobiles
  • Toggle MRAM Preps for 5G Revolution
  • Edge Computing to Drive Demand for MRAM
  • Quad MTJ with STT-MRAM Technology to Enable Advanced Edge Devices for Emerging Applications
  • Rising Use of MRAM in Automotive Industry
  • Need for Radiation-Hardened ICs Hold Potential for MRAM in Satellites and Spacecrafts
  • High Resistance to Radiation Makes STT-MRAM Perfect for Space Applications
  • Advancements in MRAM Augurs Well for the Market
  • Energy Efficient MRAM Developed by a South Korean Research Team
  • Tohoku University Research Team Develops High Speed SOT Magneto Resistive RAM
  • Researchers at NTHU Manipulates MRAM by Working with the Electron Spin
  • IBM Developing STT-MRAM Technology
  • Research Focus on Using Antiferromagnets for MRAM Catches Pace
  • Select Startups Set to Scale up Computer Memory with Promising MRAM Solutions
  • Testing Becomes Important for a Good MRAM Memory
  • Challenges Confronting Making and Testing of STT-MRAM

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/u5x8nn

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Global Market for Magneto Resistive RAM (MRAM)

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