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Magneto Resistive RAM (MRAM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global magneto resistive RAM (MRAM) market reached a value of US$ 275.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3,436.9 Million by 2027 exhibiting a CAGR of 48.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Magneto resistive random access memory (MRAM), or magnetic RAM, is a non-volatile memory that uses magnetic charges to store information. Spin-transfer torque and toggle MRAM are some of the commonly available variants. They utilize magnetic tunnel junction (MTJ) that comprises two magnetic layers separated through a dielectric or insulation layer. It is a high-density RAM and it includes a capacitor and a transistor. In comparison to the traditionally used dynamic random-access memory (DRAM), MRAM can retain the information stored in the memory without a power source, is more cost-effective and does not require a large energy-consuming pulse. As a result, it is widely used in robotics, automobiles, consumer electronics and enterprise storage systems.

Magneto Resistive RAM (MRAM) Market Trends:

Significant growth in the consumer electronics industry is one of the key factors creating a positive outlook for the market. MRAM is widely used in various electronic gadgets, such as workstations, smart wearables, smartphones and digital cameras. Additionally, the increasing product demand in the aerospace and defense industries for high-temperature data storage is favoring the market growth. Moreover, various product innovations, such as the development of low-power MRAM variants for radiation-hardened microchips, are providing thrust to the market growth. They are power-efficient, resistant to radiations and can operate under temperature fluctuations. In line with this, the increasing demand for Internet of Things (IoT)-enabled devices and the widespread utilization of advanced sensors and smart robots are positively impacting the market growth. Other factors, including the increasing product utilization in miniaturized and customized integrated circuits (ICs), along with the widespread adoption of MRAM-embedded medical sensors for non-invasive diagnostic testing of medical various disorder, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global magneto resistive RAM (MRAM) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, offering and application.

Breakup by Type:

  • Toggle MRAM
  • Spin-Transfer Torque MRAM (STT-MRAM)
     

Breakup by Offering:

  • Stand-alone
  • Embedded
     

Breakup by Application:

  • Consumer Electronics
  • Robotics
  • Enterprise Storage
  • Automotive
  • Aerospace and Defense
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Offering, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global magneto resistive RAM (MRAM) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global magneto resistive RAM (MRAM) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the offering?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global magneto resistive RAM (MRAM) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Magneto Resistive RAM (MRAM) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Toggle MRAM
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Spin-Transfer Torque MRAM (STT-MRAM)
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Offering
    7.1    Stand-alone
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Embedded
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Consumer Electronics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Robotics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Enterprise Storage
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Automotive
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Aerospace and Defense
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Avalanche Technology Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Crocus Nano Electronics LLC
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Everspin Technologies Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Honeywell International Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Infineon Technologies AG
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Intel Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    NVE Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Qualcomm Incorporated
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Samsung Electronics Co. Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Spin Memory Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Toshiba Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Tower Semiconductor Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Magneto Resistive RAM Market: Major Drivers and Challenges
Figure 2: Global: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Magneto Resistive RAM Market: Breakup by Type (in %), 2021
Figure 5: Global: Magneto Resistive RAM Market: Breakup by Offering (in %), 2021
Figure 6: Global: Magneto Resistive RAM Market: Breakup by Application (in %), 2021
Figure 7: Global: Magneto Resistive RAM Market: Breakup by Region (in %), 2021
Figure 8: Global: Magneto Resistive RAM (Toggle MRAM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Magneto Resistive RAM (Toggle MRAM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Magneto Resistive RAM (Spin-Transfer Torque MRAM (STT-MRAM)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Magneto Resistive RAM (Spin-Transfer Torque MRAM (STT-MRAM)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Magneto Resistive RAM (Stand-alone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Magneto Resistive RAM (Stand-alone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Magneto Resistive RAM (Embedded) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Magneto Resistive RAM (Embedded) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Magneto Resistive RAM (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Magneto Resistive RAM (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Magneto Resistive RAM (Robotics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Magneto Resistive RAM (Robotics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Magneto Resistive RAM (Enterprise Storage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Magneto Resistive RAM (Enterprise Storage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Magneto Resistive RAM (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Magneto Resistive RAM (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Magneto Resistive RAM (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Magneto Resistive RAM (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Magneto Resistive RAM (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Magneto Resistive RAM (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Magneto Resistive RAM Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Magneto Resistive RAM Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Magneto Resistive RAM Industry: SWOT Analysis
Figure 78: Global: Magneto Resistive RAM Industry: Value Chain Analysis
Figure 79: Global: Magneto Resistive RAM Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Magneto Resistive RAM Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Magneto Resistive RAM Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Magneto Resistive RAM Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 4: Global: Magneto Resistive RAM Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Magneto Resistive RAM Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Magneto Resistive RAM Market: Competitive Structure
Table 7: Global: Magneto Resistive RAM Market: Key Players

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