global-magneto-resistive-ram-(mram)-market-to-reach-us$5.4-billion-by-the-year-2026

Global Magneto Resistive RAM (MRAM) Market to Reach US$5.4 Billion by the Year 2026

New York, Oct. 22, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Magneto Resistive RAM (MRAM) Industry” – https://www.reportlinker.com/p05820699/?utm_source=GNW

MRAM involves storage of data bits that are stored using magnetic states instead of electrical charges, which are used in dynamic random access memory (DRAM). MRAM is anticipated to witness increased growth over the coming years driven by a variety of factors. Industries are becoming more and more digital owing to technological advancements of computing technologies. Rapid penetration of IoT, smart robots and smart drones and increasing number of electronic devices like smartphones, smart televisions, smart wearables etc. are creating a strong demand growth scenario for MRAM. MRAM is able to resist high levels of radiation efficiently and also operate in very high and low temperature conditions. The technology is also tamper resistant, which makes it suitable for rugged applications in the military and industrial sectors. Significant growth in penetration of smart consumer electronics, increased IoT penetration and 4G & 5G emergence would drive the need for increased power efficiency and memory capacity, which would in turn result in high demand for MRAM. While the MRAM market is at the development stage, the industry is witnessing increasing focus on research and development initiatives, innovations, and strategic partnerships.

Amid the COVID-19 crisis, the global market for Magneto Resistive RAM (MRAM) estimated at US$989.1 Million in the year 2020, is projected to reach a revised size of US$5.4 Billion by 2026, growing at a CAGR of 32.7% over the analysis period. Enterprise Storage, one of the segments analyzed in the report, is projected to grow at a 36.8% CAGR to reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumer Electronics segment is readjusted to a revised 32.9% CAGR for the next 7-year period. This segment currently accounts for a 23.7% share of the global Magneto Resistive RAM (MRAM) market. A key driver behind the steady growth in use of MRAM for enterprise storage applications is the increasing number of data centers, where enterprise storage functions as mass storage. Enterprise storage application is also poised to benefit from the use of less power by MRAM compared to flash, resulting in improved operational efficiency, which is critical in enterprise storage applications.

The U.S. Market is Estimated at $451.2 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026

The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$451.2 Million in the year 2021. The country currently accounts for a 36.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2026 trailing a CAGR of 42.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.3% and 28% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.1% CAGR while Rest of European market (as defined in the study) will reach US$2.2 Billion by the end of the analysis period. North America is expected to continue leading the global market led by increased focus on research and development activities, rising demand from several end-user industries for memory solutions with advanced technologies, and the presence of major players in the region. The segment of medical devices is also witnessing rapid IoT adoption. Strong automotive sales are anticipated in the US over the coming years, providing major growth opportunity for MRAMs which are used in engine control units, in-car data log, multimedia systems and advanced transmission control among others. RFID devices are being integrated with MRAM for withstanding gamma radiation. Asia-Pacific and China are poised to make strong gains in the coming years, driven by the increasing adoption of cloud computing applications, extended Internet penetration, expanding data center infrastructure, and rapid developments in the semiconductor industry, which is resulting in higher demand for advanced memory technology for the semiconductor industry.

Robotics Segment to Reach $625 Million by 2026

In the global Robotics segment, USA, Canada, Japan, China and Europe will drive the 24.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$151.2 Million in the year 2020 will reach a projected size of US$702.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$47.2 Million by the year 2026.

Select Competitors (Total 42 Featured)

  • Avalanche Technology, Inc.
  • Crocus Nano Electronics, LLC
  • Everspin Technologies, Inc.
  • Honeywell International, Inc.
  • NVE Corporation
  • Samsung Electronics Co., Ltd.
  • Spin Memory, Inc.
  • Toshiba Corporation

Read the full report: https://www.reportlinker.com/p05820699/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and a Looming Global Recession

2020 Marked as a Year of Disruption & Transformation

EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual

% Change) for 2020 through 2022

How the IT Industry Has Been Impacted by the Pandemic & What?s

the New Normal?

EXHIBIT 2: Global Information Technology Market Growth Outlook

(In %) For Years 2019 Through 2025

Semiconductor Industry Experiences Disruptions

An Introduction to Magneto Resistive RAM (MRAM)

Operation of MRAM

Structure and Fabrication of MRAM

Critical Characteristics of MRAM

Types of MRAM

Evolving Capabilities Present MRAM as a Promising Memory

Technology of the Future

Enterprise Storage: The Leading Application Market

Developed Economies Lead, Developing Economies Poised for High

Growth

Competition

Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Emergence of Next Generation Memory Technologies to Support

Growth of MRAM Market

EXHIBIT 3: Global Non-Volatile Memory Market Size (in US$

Billion) for the Years 2020, 2022, 2024 and 2026

MRAM Set to Emerge as Persistent Memory for Numerous Applications

Low-power Consumption Benefit of MRAM

MRAM Moves into Embedded Space

EXHIBIT 4: Increasing Competitiveness of Embedded MRAM (eMRAM)

with Other Memory Technologies: Price in $/Gb by Memory Type

for the Years 2018, 2022, and 2026

EXHIBIT 5: eMRAM Holds an Edge Over Other Memory Technologies:

Comparing Power, Performance, Area, and Availability of SRAM,

eMRAM, eFLASH, PCM, RRAM, and FeFET

Second Generation STT-MRAM to Grab Growing Share of MRAM Market

STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash

STT-RAM to Emerge as a Potential Leading Memory Type in the

Embedded Emerging NVM Market

EXHIBIT 6: Emerging Non-Volatile Memory (NVM) Market:

Percentage Breakdown of Revenues in Standalone and Embedded

Memory Segments by RRAM, STT-MRAM and PCM

Challenges Confronting Fabrication and Testing of STT-RAM

Potential for MRAM to Replace SRAM and DRAM

Growing Memory Requirements of Data Centers to Propel MRAM Market

Data Centers Continue to Gain Importance: Presenting

Opportunities for MRAM Market

EXHIBIT 7: Global Data centers Market Growth Outlook (In %) For

Years 2019 Through 2025

EXHIBIT 8: Data Center IP Traffic Growth Worldwide: Global Data

Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020

& 2022

EXHIBIT 9: Global Data Center IP Traffic Breakdown (in %) by

Cloud and Traditional Data Centers for the Years 2017, 2019

and 2021

Power, Cost, and Time Saving Advantages of STT-MRAM to Drive

Adoption in Hyperscale Data Centers

EXHIBIT 10: Number of Hyperscale Data Centers Worldwide

(in Units) for the Period 2015-2021

Rising Computing Needs of Consumer Electronic Devices:

Opportunity for MRAM Market

EXHIBIT 11: Global Electrical & Electronics Equipment Market

Growth Outlook (In %) For Years 2019 Through 2025

Embedded MRAM Emerges as a Promising Technology for IoT

Devices, Artificial Intelligence and Machine Learning

EXHIBIT 12: MRAM Opportunity in IoT Space: Global M2M/IoT

Connections (In Billion) for Years 2019, 2021 and 2023

EXHIBIT 13: Rapidly Growing AI/ML Market Presents Growth

Opportunities for MRAM Adoption: Global Deep Learning Chipset

Market Revenues in US$ Billion for the Years 2019, 2022, and

2025

Growing Need for Energy-Efficient Storage Solutions Gives

Impetus to MRAM Market

EXHIBIT 14: Installed Base of Data Storage Capacity

(in Zettabytes) for 2019, 2020, and 2024

MRAM Emerges as a Possible Option for Post-Flash Solid-State

Storage

MRAM Emerges as the Next Stage for Solid State Storage

MRAM Emerges as a Memory Solution for Intelligent and Connected

Automobiles

Toggle MRAM Preps for 5G Revolution

Edge Computing to Drive Demand for MRAM

Quad MTJ with STT-MRAM Technology to Enable Advanced Edge

Devices for Emerging Applications

Rising Use of MRAM in Automotive Industry

Need for Radiation-Hardened ICs Hold Potential for MRAM in

Satellites and Spacecrafts

High Resistance to Radiation Makes STT-MRAM Perfect for Space

Applications

Advancements in MRAM Augurs Well for the Market

Energy Efficient MRAM Developed by a South Korean Research Team

Tohoku University Research Team Develops High Speed SOT Magneto

Resistive RAM

Researchers at NTHU Manipulates MRAM by Working with the

Electron Spin

IBM Developing STT-MRAM Technology

Research Focus on Using Antiferromagnets for MRAM Catches Pace

Select Startups Set to Scale up Computer Memory with Promising

MRAM Solutions

Testing Becomes Important for a Good MRAM Memory

Challenges Confronting Making and Testing of STT-MRAM

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Current & Future Analysis for Magneto Resistive

RAM (MRAM) by Geographic Region – USA, Canada, Japan, China,

Europe, Asia-Pacific and Rest of World Markets – Independent

Analysis of Annual Revenues in US$ Thousand for Years 2020

through 2027 and % CAGR

Table 2: World 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Geographic Region – Percentage Breakdown of Value

Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific

and Rest of World Markets for Years 2021 & 2027

Table 3: World Current & Future Analysis for Enterprise Storage

by Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 4: World 7-Year Perspective for Enterprise Storage by

Geographic Region – Percentage Breakdown of Value Revenues for

USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of

World for Years 2021 & 2027

Table 5: World Current & Future Analysis for Consumer

Electronics by Geographic Region – USA, Canada, Japan, China,

Europe, Asia-Pacific and Rest of World Markets – Independent

Analysis of Annual Revenues in US$ Thousand for Years 2020

through 2027 and % CAGR

Table 6: World 7-Year Perspective for Consumer Electronics by

Geographic Region – Percentage Breakdown of Value Revenues for

USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of

World for Years 2021 & 2027

Table 7: World Current & Future Analysis for Robotics by

Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 8: World 7-Year Perspective for Robotics by Geographic

Region – Percentage Breakdown of Value Revenues for USA,

Canada, Japan, China, Europe, Asia-Pacific and Rest of World

for Years 2021 & 2027

Table 9: World Current & Future Analysis for Automotive by

Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 10: World 7-Year Perspective for Automotive by Geographic

Region – Percentage Breakdown of Value Revenues for USA,

Canada, Japan, China, Europe, Asia-Pacific and Rest of World

for Years 2021 & 2027

Table 11: World Current & Future Analysis for Aerospace &

Defense by Geographic Region – USA, Canada, Japan, China,

Europe, Asia-Pacific and Rest of World Markets – Independent

Analysis of Annual Revenues in US$ Thousand for Years 2020

through 2027 and % CAGR

Table 12: World 7-Year Perspective for Aerospace & Defense by

Geographic Region – Percentage Breakdown of Value Revenues for

USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of

World for Years 2021 & 2027

Table 13: World Current & Future Analysis for Other

Applications by Geographic Region – USA, Canada, Japan, China,

Europe, Asia-Pacific and Rest of World Markets – Independent

Analysis of Annual Revenues in US$ Thousand for Years 2020

through 2027 and % CAGR

Table 14: World 7-Year Perspective for Other Applications by

Geographic Region – Percentage Breakdown of Value Revenues for

USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of

World for Years 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES

Table 15: USA Current & Future Analysis for Magneto Resistive

RAM (MRAM) by Application – Enterprise Storage, Consumer

Electronics, Robotics, Automotive, Aerospace & Defense and

Other Applications – Independent Analysis of Annual Revenues in

US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 16: USA 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

CANADA

Table 17: Canada Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 18: Canada 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

JAPAN

Table 19: Japan Current & Future Analysis for Magneto Resistive

RAM (MRAM) by Application – Enterprise Storage, Consumer

Electronics, Robotics, Automotive, Aerospace & Defense and

Other Applications – Independent Analysis of Annual Revenues in

US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 20: Japan 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

CHINA

Table 21: China Current & Future Analysis for Magneto Resistive

RAM (MRAM) by Application – Enterprise Storage, Consumer

Electronics, Robotics, Automotive, Aerospace & Defense and

Other Applications – Independent Analysis of Annual Revenues in

US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 22: China 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

EUROPE

Table 23: Europe Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Geographic Region – France, Germany,

Italy, UK and Rest of Europe Markets – Independent Analysis of

Annual Revenues in US$ Thousand for Years 2020 through 2027 and

% CAGR

Table 24: Europe 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Geographic Region – Percentage Breakdown of Value

Revenues for France, Germany, Italy, UK and Rest of Europe

Markets for Years 2021 & 2027

Table 25: Europe Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 26: Europe 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

FRANCE

Table 27: France Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 28: France 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

GERMANY

Table 29: Germany Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 30: Germany 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

ITALY

Table 31: Italy Current & Future Analysis for Magneto Resistive

RAM (MRAM) by Application – Enterprise Storage, Consumer

Electronics, Robotics, Automotive, Aerospace & Defense and

Other Applications – Independent Analysis of Annual Revenues in

US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Italy 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

UNITED KINGDOM

Table 33: UK Current & Future Analysis for Magneto Resistive

RAM (MRAM) by Application – Enterprise Storage, Consumer

Electronics, Robotics, Automotive, Aerospace & Defense and

Other Applications – Independent Analysis of Annual Revenues in

US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 34: UK 7-Year Perspective for Magneto Resistive RAM

(MRAM) by Application – Percentage Breakdown of Value Revenues

for Enterprise Storage, Consumer Electronics, Robotics,

Automotive, Aerospace & Defense and Other Applications for the

Years 2021 & 2027

REST OF EUROPE

Table 35: Rest of Europe Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 36: Rest of Europe 7-Year Perspective for Magneto

Resistive RAM (MRAM) by Application – Percentage Breakdown of

Value Revenues for Enterprise Storage, Consumer Electronics,

Robotics, Automotive, Aerospace & Defense and Other

Applications for the Years 2021 & 2027

ASIA-PACIFIC

Table 37: Asia-Pacific Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 38: Asia-Pacific 7-Year Perspective for Magneto Resistive

RAM (MRAM) by Application – Percentage Breakdown of Value

Revenues for Enterprise Storage, Consumer Electronics,

Robotics, Automotive, Aerospace & Defense and Other

Applications for the Years 2021 & 2027

REST OF WORLD

Table 39: Rest of World Current & Future Analysis for Magneto

Resistive RAM (MRAM) by Application – Enterprise Storage,

Consumer Electronics, Robotics, Automotive, Aerospace & Defense

and Other Applications – Independent Analysis of Annual

Revenues in US$ Thousand for the Years 2020 through 2027 and %

CAGR

Table 40: Rest of World 7-Year Perspective for Magneto

Resistive RAM (MRAM) by Application – Percentage Breakdown of

Value Revenues for Enterprise Storage, Consumer Electronics,

Robotics, Automotive, Aerospace & Defense and Other

Applications for the Years 2021 & 2027

IV. COMPETITION

Total Companies Profiled: 42

Read the full report: https://www.reportlinker.com/p05820699/?utm_source=GNW

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