Global Magneto Resistive RAM (MRAM) Market to Reach US$ 11,076.3 Million by 2032, Impelled by Rising Utilization of Computer Systems

August 02, 2022 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled "Magneto Resistive RAM (MRAM) Market Report by Type (Toggle MRAM, Spin-Transfer Torque MRAM (STT-MRAM)), Offering (Stand-alone, Embedded), Application (Consumer Electronics, Robotics, Enterprise Storage, Automotive, Aerospace and Defense, and Others), and Region 2024-2032," the global magneto resistive RAM (MRAM) market reached a value of US$ 617.2 Million in 2023. Magneto resistive random-access memory (MRAM) refers to a non-volatile memory chip that is generally used for storing data and information in magnetic domains. It is fabricated with a combination of high speed and high density of dynamic random-access memory (DRAM) and static random-access memory (RAM) to offer a large volume storage solution. It is widely adopted as a preferred alternative for conventional memory devices as it does not require power to maintain and store data, offers excellent reading and writing speed and is energy-efficient in nature. The demand for MRAM is increasing across the globe due to the rising need for large enterprise storage systems.

Global Magneto Resistive RAM (MRAM) Market Trends:

The global market is primarily driven by the increasing manufacturing and selling of consumer electronics. Along with this, the rapid utilization of connected devices and computer systems across multiple industries is creating a positive market outlook. Moreover, continual technological advancements and the growing adoption of virtual reality (VR), augmented reality (AR) and the internet of things (IoT) are providing an impetus to the market growth. Additionally, several leading players are heavily investing in embedded and stand-alone memory chips, which is significantly supporting the growth of the MRAM market on the global level. Furthermore, the escalating demand for cloud services due to the rising adoption of the work-from-home models on account of the sudden outbreak of coronavirus disease (COVID-19) is impacting the market favorably. Other factors, including rapid digitization and industrialization, the rising product utilization in customized and miniaturized integrated circuits (ICs) and extensive research and development (R&D) activities conducted by key players in the development of next-generation read access memory, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 11,076.3 Million by 2032, exhibiting a CAGR of 37.1% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been bifurcated into toggle MRAM and spin-transfer torque MRAM (STT-MRAM).
  • Based on the offering, the market has been classified into stand-alone and embedded.
  • On the basis of the application, the market has been segmented into consumer electronics, robotics, enterprise storage, automotive, aerospace and defense and others.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Avalanche Technology Inc., Crocus Nano Electronics LLC, Everspin Technologies Inc., Honeywell International Inc., Infineon Technologies AG, Intel Corporation, NVE Corporation, Qualcomm Incorporated, Samsung Electronics Co. Ltd., Spin Memory Inc., Toshiba Corporation and Tower Semiconductor Ltd.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Magneto Resistive RAM (MRAM) Market to Reach US$ 11,076.3 Million by 2032, Impelled by Rising Utilization of Computer Systems
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More