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Overview of the global MRAM market
Owing to factors such as the consumption of almost 50% less power than other flash memories, there is a growing popularity of MRAM across the globe. They are extensively used in battery-powered wireless sensors. OEMs are increasingly integrating MRAM technology into their devices since it helps in increasing the battery life. It has been observed that the power consumption in MRAM technologies is low in comparison to EEPROM or flash. Also, features such as fast-write and power-up-to-write times will boost the demand for MRAM memory. Research analysis on the global MRAM market identifies that the low-power consumption will be one of the major factors that will have a positive impact on the growth of the market. The preference for MRAM module over other memory technologies is increasing because it has unique features such as non-volatile data storage and faster access time modules. Our market research analysts have predicted that the MRAM market size will grow by over USD 589 million by 2022.
In terms of geographic regions, the Americas contributed to the maximum share of the MRAM market during 2017 due to the growing improvement in internet infrastructure and growth of the IoT. The growing popularity of big data analytics will further drive the growth of the MRAM market in this region throughout the forecast period.
Companies covered
The MRAM market is highly concentrated and is characterized by the presence of several major vendors. The industry analysis report provides information about key vendors and their products. The report also provides an analysis of the competitive landscape of the magneto resistive RAM (MRAM) market and provides information on the strategies adopted by companies to sustain in this competitive market.
This market research report provides an analysis of several companies including:
- Avalanche Technology
- Everspin Technologies
- Crocus Nanoelectronics
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Segmentation by end-user and analysis of the MRAM market
- Enterprise storage
- Consumer electronics
- Robotics
There is a growing demand for MRAM from the enterprise storage segment. Our analysts have predicted that the enterprise storage sector will be the largest end-user to the magneto resistive RAM (MRAM) market throughout the forecast period.
Segmentation by types and analysis of the MRAM market
- STT MRAM
- T- MRAM
During 2017, the spin-transfer torque (STT) MRAM market segment contributed to the major MRAM market share. According our market research analysts, the demand for STT MRAM will continue to increase during the next few years.
Key questions answered in the report include
- What will the MRAM market size and the growth rate be in 2022?
- What are the key factors driving the global MRAM market?
- What are the key MRAM market trends impacting the growth of the market?
- What are the challenges to market growth?
- Who are the key vendors in the global MRAM market?
- What are the market opportunities and threats faced by the vendors in the global MRAM market?
- What are the trending factors influencing the MRAM market share of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global MRAM market?
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