Magneto Resistive RAM (MRAM)

Global Market Trajectory & Analytics

MCP16553

EXECUTIVE ENGAGEMENTS

POOL

3089
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

564
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PARTICIPANTS

103
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VALIDATIONS

34
Responses Validated*

COMPANIES

42
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DATE

JUL 2021

TABLES

40

PAGES

246

EDITION

9

PRICE

USD 5450

CODE

MCP16553


COMPETITIVE METRICS

COMPANY

D S N T

% *

Antaios

Applied Materials, Inc.

Avalanche Technology

Blueshift Memory

Canon ANELVA Corporation

Capres A/S

Cobham Advanced Electronic Solutions, Inc.

Crocus Nanoelectronics

Crocus Technology

Everspin Technologies Inc.

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HIGHLIGHTS & REPORT INDEX

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

Magneto-Resistive Random Access Memory (MRAM), also termed Magnetic RAM, is a device used to store data bits with the use of magnetic charges instead of an electrical charge. 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 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
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
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 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 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 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 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 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 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 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
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
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 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
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
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
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
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
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
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 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
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
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
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
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 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
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
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 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
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
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 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
Total Companies Profiled: 42

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