Magneto Resistive RAM (MRAM)

World Market Report

MCP16553

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DATE

OCT 2022

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40

PAGES

246

EDITION

10

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USD 5450

CODE

MCP16553


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Global Magneto Resistive RAM (MRAM) Market to Reach $7.2 Billion by 2027
In the changed post COVID-19 business landscape, 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$7.2 Billion by 2027, growing at a CAGR of 32.7% over the analysis period 2020-2027. Enterprise Storage, one of the segments analyzed in the report, is projected to record a 36.8% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Consumer Electronics segment is readjusted to a revised 32.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $365.8 Million, While China is Forecast to Grow at 42.4% CAGR
The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$365.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 42.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.3% and 28% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 32.1% CAGR.Robotics Segment to Record 25% CAGR
In the global Robotics segment, USA, Canada, Japan, China and Europe will drive the 25% 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.

SELECT PLAYERS

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

SEGMENTS

» Application (Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense, Other Applications)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Magneto Resistive RAM (MRAM) – Global Key Competitors Percentage Market Share in 2022 (E)
Impact of COVID-19 Pandemic and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
EXHIBIT: 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: 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
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Emergence of Next Generation Memory Technologies to Support Growth of MRAM Market
EXHIBIT: 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: Increasing Competitiveness of Embedded MRAM (eMRAM) with Other Memory Technologies: Price in $/Gb by Memory Type for the Years 2018, 2020, 2022, 2024 and 2026
EXHIBIT: eMRAM Holds an Edge Over Other Memory Technologies: Comparing Power, Performance, Area, and Availability of SRAM, eMRAM, eFLASH, PCM, RRAM, and FeFET
Second Generation STT-MRAM to Grab Growing Share of MRAM Market
STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash
STT-RAM to Emerge as a Potential Leading Memory Type in the Embedded Emerging NVM Market
EXHIBIT: Emerging Non-Volatile Memory (NVM) Market: Percentage Breakdown of Revenues in Standalone and Embedded Memory Segments by RRAM, STT-MRAM and PCM
Challenges Confronting Fabrication and Testing of STT-RAM
Potential for MRAM to Replace SRAM and DRAM
Growing Memory Requirements of Data Centers to Propel MRAM Market
Data Centers Continue to Gain Importance: Presenting Opportunities for MRAM Market
EXHIBIT: Global Data centers Market Growth Outlook (In %) For Years 2019 Through 2025
EXHIBIT: Data Center IP Traffic Growth Worldwide: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020 & 2022
EXHIBIT: Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021
Power, Cost, and Time Saving Advantages of STT-MRAM to Drive Adoption in Hyperscale Data Centers
EXHIBIT: Number of Hyperscale Data Centers Worldwide (in Units) for the Period 2015-2021
Rising Computing Needs of Consumer Electronic Devices: Opportunity for MRAM Market
EXHIBIT: Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
Embedded MRAM Emerges as a Promising Technology for IoT Devices, Artificial Intelligence and Machine Learning
EXHIBIT: MRAM Opportunity in IoT Space: Global M2M/IoT Connections (In Billion) for Years 2019, 2021 and 2023
EXHIBIT: Rapidly Growing AI/ML Market Presents Growth Opportunities for MRAM Adoption: Global Deep Learning Chipset Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
Growing Need for Energy-Efficient Storage Solutions Gives Impetus to MRAM Market
EXHIBIT: 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
World Recent Past, 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
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
World Recent Past, 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
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
World Recent Past, 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
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
World Recent Past, 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
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
World Recent Past, 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
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
World Recent Past, 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
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
World Recent Past, 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
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
UNITED STATES
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, 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
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
Canada Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, 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
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
Europe Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, 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
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
Italy Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, 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
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
Rest of Europe Recent Past, 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
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
Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, 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
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
Rest of World Recent Past, 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
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

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