Global MRAM Market Growth 2023-2029

Global MRAM Market Growth 2023-2029

MRAM, also known as magneto resistive RAM or magnetic RAM, is a type of non volatile RAM memory which uses magnetic charges in order to store data.

LPI (LP Information)' newest research report, the “MRAM Industry Forecast” looks at past sales and reviews total world MRAM sales in 2022, providing a comprehensive analysis by region and market sector of projected MRAM sales for 2023 through 2029. With MRAM sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world MRAM industry.

This Insight Report provides a comprehensive analysis of the global MRAM landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on MRAM portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global MRAM market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for MRAM and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global MRAM.

The global MRAM market size is projected to grow from US$ 143.5 million in 2022 to US$ 652.5 million in 2029; it is expected to grow at a CAGR of 652.5 from 2023 to 2029.

Global core MRAM manufacturers include Everspin Technologies, Avalanche Technology, Honeywell etc.The top 3 companies hold a share about 47%.North America is the largest market, with a share about 75%, followed by Europe and Asia Pacific with the share about 15% and 5%.

In terms of product, toggle MRAM is the largest segment, with a share over 70%. And in terms of application, the largest application is aerospace, followed by automotive.

This report presents a comprehensive overview, market shares, and growth opportunities of MRAM market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Toggle MRAM
STT-MRAM

Segmentation by application
Aerospace
Automotive
Factory Automation
Enterprise Storage
Internet of Things
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Everspin Technologies
Avalanche Technology
Honeywell
Renesas
Crocus Nano Electronics
Samsung Electronics
Cobham
NVE Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global MRAM market?

What factors are driving MRAM market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do MRAM market opportunities vary by end market size?

How does MRAM break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.