Magneto Resistive RAM (MRAM)

Magneto Resistive RAM (MRAM)


Global Magneto Resistive RAM (MRAM) Market to Reach US$17.5 Billion by 2030

The global market for Magneto Resistive RAM (MRAM) estimated at US$2.0 Billion in the year 2023, is expected to reach US$17.5 Billion by 2030, growing at a CAGR of 36.1% over the analysis period 2023-2030. Enterprise Storage Application, one of the segments analyzed in the report, is expected to record a 39.7% CAGR and reach US$6.7 Billion by the end of the analysis period. Growth in the Consumer Electronics Application segment is estimated at 35.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$693.9 Million While China is Forecast to Grow at 45.5% CAGR

The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$693.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2030 trailing a CAGR of 45.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 27.7% and 30.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 34.2% CAGR.

Global Magneto Resistive RAM (MRAM) Market - Key Trends & Drivers Summarized

Magneto Resistive RAM (MRAM) is an advanced type of non-volatile memory that leverages magnetic states to store data. Unlike traditional RAM, which relies on electrical charges, MRAM uses magnetic tunnel junctions to read and write data, offering superior speed and endurance. This technology operates by aligning the magnetic orientation of electrons in different directions to represent binary data, which makes it incredibly efficient in terms of power consumption and resilience to data loss. MRAM`s non-volatility means that it retains information even when the power is turned off, a feature that is particularly advantageous in applications requiring high reliability and quick data recovery, such as in computing and industrial systems.

The growth in the MRAM market is driven by several factors. Firstly, the increasing demand for high-speed, low-power memory solutions in data centers and enterprise storage systems is a major driver. As the volume of data generated continues to rise exponentially, the need for efficient and reliable memory solutions becomes critical. Secondly, the proliferation of IoT devices and edge computing has spurred the demand for memory technologies that can operate efficiently in low-power, always-on environments. MRAM`s attributes align perfectly with these requirements, offering non-volatility and rapid access times. Additionally, advancements in manufacturing processes have reduced production costs, making MRAM more accessible for a wider range of applications. The growing emphasis on reducing energy consumption in electronic devices also propels the market, as MRAM offers substantial energy savings compared to traditional memory technologies. These factors, combined with the ongoing research and development efforts to enhance MRAM capabilities, underscore the robust growth trajectory of the MRAM market.

The technological advancements in MRAM have been significant, with recent developments focusing on enhancing scalability, speed, and energy efficiency. Spin-transfer torque MRAM (STT-MRAM) is one of the most notable advancements, where the data writing process involves manipulating the spin of electrons using a spin-polarized current. This technique has substantially reduced power consumption and increased write speeds, making MRAM more competitive with other memory technologies like DRAM and NAND flash. Furthermore, MRAM`s endurance and robustness make it ideal for applications in harsh environments, such as automotive and aerospace industries, where data integrity is critical. The integration of MRAM into these sectors has highlighted its potential to replace or complement existing memory technologies, pushing the boundaries of performance and reliability.

Select Competitors (Total 25 Featured) -
  • Avalanche Technology, Inc.
  • Crocus Nano Electronics, LLC
  • Everspin Technologies, Inc.
  • Honeywell International, Inc.
  • Numem
  • NVE Corporation
  • Samsung Electronics Co., Ltd.
  • Toshiba Corporation
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
An Introduction to Magneto Resistive RAM (MRAM)
Operation of MRAM
Structure and Fabrication of MRAM
Critical Characteristics of MRAM
Types of MRAM
Global Economic Update
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
Magneto Resistive RAM (MRAM) - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
Recent Market Activity
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 2022, 2024, 2026 and 2028
MRAM Memory: From Storage to Data Processing
MRAM Set to Emerge as Persistent Memory for Numerous Applications
Low-Power Consumption Benefit of MRAM
MRAM: Looming Memory Technology Bonanza with Vibrant Options & Applications
STT-MRAM: Promising Alternative to SRAM Cache Memory
SOT-MRAM: Combining Speed, Reliability & Energy Efficiency
VCMA-MRAM: Reducing Energy Consumption
VG-SOT: A Power-Packed Performance
Analog In-Memory Computing with SOT-MRAM
MRAM Moves into Embedded Space
Increasing Competitiveness of Embedded MRAM (eMRAM) with Other Memory Technologies: Price in $/Gb by Memory Type for the Years 2018, 2022, and 2026
eMRAM Holds an Edge Over Other Memory Technologies: Comparing Power, Performance, Area, and Availability of SRAM, eMRAM, eFLASH, PCM, RRAM, and FeFET
eMRAM Innovations Enabling Low Power SoCs for Advanced Process Nodes
The Many Benefits of eMRAM
How Embedded MRAMs Can Play a Key Role in Designing of Future Advanced-Node SoCs
Second Generation STT-MRAM to Grab Growing Share of MRAM Market
STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash
STT-RAM to Emerge as a Potential Leading Memory Type in the Embedded Emerging NVM Market
Emerging Non-Volatile Memory (NVM) Market: Percentage Breakdown of Revenues in Standalone and Embedded Memory Segments by RRAM, STT-MRAM and PCM
Monitoring Critical Process Steps for STT-MRAM Integration in Advanced CMOS Technologies
Challenges Confronting Fabrication and Testing of STT-RAM
Potential for MRAM to Replace SRAM and DRAM
Spin-Orbit Torque (SOT)-MRAM - The Latest Generation MRAM
Growing Memory Requirements of Data Centers to Propel MRAM Market
Data Centers Continue to Gain Importance, Presenting Opportunities for MRAM Market
Global Data Centers Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
Data Center IP Traffic Growth: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020 & 2022
Power, Cost, and Time Saving Advantages of STT-MRAM to Drive Adoption in Hyperscale Data Centers
Rising Computing Needs of Consumer Electronic Devices: Opportunity for MRAM Market
Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
IoT Trends to Propel Demand for MRAM
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, 2022, 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 Evolves as the Next Stage for Solid State Storage
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
MRAM Improving Edge Computing Efficiency
Rising Use of MRAM in Automotive Industry
MRAM Emerges as a Memory Solution for Intelligent and Connected Automobiles
Need for Radiation-Hardened ICs Hold Potential for MRAM in Satellites and Spacecrafts
High-Capacity, Fast & High-Endurance MRAM to Shift Boundaries of Space Applications
Why MRAM is a Promising Bet for Space Applications?
High Resistance to Radiation Makes STT-MRAM Perfect for Space Applications
Avalanche Technology Develops New High Density Space-grade MRAMs in Partnership with Protec GmbH for the European Space Community
Advancements in MRAM Augurs Well for the Market
Samsung's MRAM-Based-in-Memory Computing
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
Advances in Spin-Transfer-Torque MRAM
Focus on Domain-Wall Devices
Select Startups Set to Scale up Computer Memory with Promising MRAM Solutions
EU Companies: Potential Game Changers in the Global Memory Business with their MRAM Inventions and Pilot Lines?
ReRAM Exudes Potential to Emerges as Next Wave of Memory Technology
Testing Becomes Important for a Good MRAM Memory
Challenges Confronting Making and Testing of STT-MRAM
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Magneto Resistive RAM (MRAM) Market Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 3: World 7-Year Perspective for Magneto Resistive RAM (MRAM) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for Enterprise Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 5: World 7-Year Perspective for Enterprise Storage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 6: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 7: World 7-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 8: World Recent Past, Current & Future Analysis for Robotics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 9: World 7-Year Perspective for Robotics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 10: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 11: World 7-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 12: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 13: World 7-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
TABLE 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 15: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 16: USA Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 17: USA 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
CANADA
TABLE 18: Canada Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 19: Canada 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
JAPAN
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 20: Japan Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 21: Japan 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
CHINA
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 22: China Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 23: China 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
EUROPE
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 24: Europe Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
TABLE 25: Europe 7-Year Perspective for Magneto Resistive RAM (MRAM) by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
TABLE 26: Europe Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 27: Europe 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
FRANCE
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 28: France Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 29: France 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
GERMANY
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 30: Germany Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 31: Germany 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
ITALY
TABLE 32: Italy Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 33: Italy 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
UNITED KINGDOM
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 34: UK Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 35: UK 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
REST OF EUROPE
TABLE 36: Rest of Europe Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 37: Rest of Europe 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
ASIA-PACIFIC
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 38: Asia-Pacific Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 39: Asia-Pacific 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
REST OF WORLD
TABLE 40: Rest of World Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
TABLE 41: Rest of World 7-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2024 & 2030
IV. COMPETITION

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