Global MRAM Market Growth 2025-2031

Global MRAM Market Growth 2025-2031

The global MRAM market size is predicted to grow from US$ 198 million in 2025 to US$ 725 million in 2031; it is expected to grow at a CAGR of 24.2% from 2025 to 2031.

Global key players of MRAM include Everspin Technologies Avalanche Technology Honeywell Renesas, etc. Global top five manufacturers hold a share over 24%. 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, with a share over 23%.

LP Information, Inc. (LPI) ' newest research report, the “MRAM Industry Forecast” looks at past sales and reviews total world MRAM sales in 2024, providing a comprehensive analysis by region and market sector of projected MRAM sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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