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Magneto Resistive RAM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732417
Description Jump to:
The global magneto resistive RAM (MRAM) market size reached US$ 427.1 Million in 2022. Looking forward, the publisher expects the market to reach US$ 4,525 Million by 2028, exhibiting a CAGR of 48.2% during 2022-2028.

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:

The publisher provides an analysis of the key trends in each sub-segment of the global magneto resistive RAM (MRAM) market report, along with forecasts at the global, regional and country level from 2023-2028. 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.

Key Questions Answered in This Report

1. What was the size of the global magneto resistive RAM (MRAM) market in 2022?
2. What is the expected growth rate of the global magneto resistive RAM (MRAM) market during 2023-2028?
3. What are the key factors driving the global magneto resistive RAM (MRAM) market?
4. What has been the impact of COVID-19 on the global magneto resistive RAM (MRAM) market?
5. What is the breakup of the global magneto resistive RAM (MRAM) market based on the type?
6. What is the breakup of the global magneto resistive RAM (MRAM) market based on the offering?
7. What is the breakup of the global magneto resistive RAM (MRAM) market based on the application?
8. What are the key regions in the global magneto resistive RAM (MRAM) market?
9. Who are the key players/companies in the global magneto resistive RAM (MRAM) market?

Table of Contents

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$), 2017-2022
Figure 3: Global: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Magneto Resistive RAM Market: Breakup by Type (in %), 2022
Figure 5: Global: Magneto Resistive RAM Market: Breakup by Offering (in %), 2022
Figure 6: Global: Magneto Resistive RAM Market: Breakup by Application (in %), 2022
Figure 7: Global: Magneto Resistive RAM Market: Breakup by Region (in %), 2022
Figure 8: Global: Magneto Resistive RAM (Toggle MRAM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Magneto Resistive RAM (Toggle MRAM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Magneto Resistive RAM (Spin-Transfer Torque MRAM-STT-MRAM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Magneto Resistive RAM (Spin-Transfer Torque MRAM-STT-MRAM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Magneto Resistive RAM (Stand-alone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Magneto Resistive RAM (Stand-alone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Magneto Resistive RAM (Embedded) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Magneto Resistive RAM (Embedded) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Magneto Resistive RAM (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Magneto Resistive RAM (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Magneto Resistive RAM (Robotics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Magneto Resistive RAM (Robotics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Magneto Resistive RAM (Enterprise Storage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Magneto Resistive RAM (Enterprise Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Magneto Resistive RAM (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Magneto Resistive RAM (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Magneto Resistive RAM (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Magneto Resistive RAM (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Magneto Resistive RAM (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Magneto Resistive RAM (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Magneto Resistive RAM Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Magneto Resistive RAM Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Magneto Resistive RAM Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: Magneto Resistive RAM Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Magneto Resistive RAM Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 4: Global: Magneto Resistive RAM Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Magneto Resistive RAM Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Magneto Resistive RAM Market: Competitive Structure
Table 7: Global: Magneto Resistive RAM Market: Key Players

Companies Mentioned

  • 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
  • Tower Semiconductor Ltd.

Methodology

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