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DATE
OCT 2022
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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$702.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
SELECT PLAYERS
Avalanche Technology, Inc.; Crocus Nano Electronics, LLC; Everspin Technologies, Inc.; Honeywell International, Inc.; NVE Corporation; Samsung Electronics Co., Ltd.; Spin Memory, Inc.; Toshiba Corporation
SEGMENTS
» Application (Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense, Other Applications)
GEOGRAPHIES
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Magneto Resistive RAM (MRAM) – Global Key Competitors Percentage Market Share in 2022 (E) |
| Impact of COVID-19 Pandemic and a Looming Global Recession |
| 2020 Marked as a Year of Disruption & Transformation |
| EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 |
| How the IT Industry Has Been Impacted by the Pandemic & What’s the New Normal? |
| EXHIBIT: Global Information Technology Market Growth Outlook (In %) For Years 2019 Through 2025 |
| Semiconductor Industry Experiences Disruptions |
| An Introduction to Magneto Resistive RAM (MRAM) |
| Operation of MRAM |
| Structure and Fabrication of MRAM |
| Critical Characteristics of MRAM |
| Types of MRAM |
| Evolving Capabilities Present MRAM as a Promising Memory Technology of the Future |
| Enterprise Storage: The Leading Application Market |
| Developed Economies Lead, Developing Economies Poised for High Growth |
| Competition |
| Recent Market Activity |
| Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) |
| 2. FOCUS ON SELECT PLAYERS |
| 3. MARKET TRENDS & DRIVERS |
| Emergence of Next Generation Memory Technologies to Support Growth of MRAM Market |
| EXHIBIT: Global Non-Volatile Memory Market Size (in US$ 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 |
| III. MARKET ANALYSIS |
| 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 |
| IV. COMPETITION |
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