Global Magnetic RAM Market Growth 2024-2030

Global Magnetic RAM Market Growth 2024-2030

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.

The global Magnetic RAM market size is projected to grow from US$ 143.5 million in 2023 to US$ 354.6 million in 2030; it is expected to grow at a CAGR of 13.8% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Magnetic RAM Industry Forecast” looks at past sales and reviews total world Magnetic RAM sales in 2023, providing a comprehensive analysis by region and market sector of projected Magnetic RAM sales for 2024 through 2030. With Magnetic RAM sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnetic RAM industry.

This Insight Report provides a comprehensive analysis of the global Magnetic RAM 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 Magnetic RAM portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Magnetic RAM market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnetic RAM 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 Magnetic RAM.

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 Magnetic RAM market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Toggle MRAM
STT-MRAM

Segmentation by application
Consumer Electronics
Robotics
Automotive
Enterprise Storage
Aerospace & Defense
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
NVE Corporation
Honeywell International
Avalanche Technology
Toshiba
Spin Transfer Technologies
Samsung Electronics
TSMC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnetic RAM market?

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

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

How do Magnetic RAM market opportunities vary by end market size?

How does Magnetic RAM break out type, application?

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