Global MRAM Market Research Report: Information by Product (Toggle MRAM and STT MRAM), Application (Consumer Electronics, Robotics, Automotive, Enterprise Storage, and Aerospace & Defense), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2027

Global MRAM Market Research Report—Forecast till 2027


Magnetoresistive RAM (MRAM) Market Overview

As per the MRFR analysis, the Magnetoresistive RAM (MRAM) Market is anticipated to exhibit a substantial CAGR of approximately 18.58% and surpass USD 1396.7 million by 2027. Magnetoresistive Random Access Memory uses electron charge to store the information, unlike semiconductor memories. MRAM utilizes attractive components to store the information. It utilizes an electron twist which is intrinsically long-lasting dissimilar to charge.
The Magnetoresistive RAM (MRAM) Market is ascribed to the growing interest for electronic wearables and adaptable electronic items over the estimated time frame. As wearable and adaptable gadgets are thin and minimal, their hardware is complicated and comprises of different electronic parts like many semiconductors and coordinated circuits. To fit these mind-boggling parts on a little circuit board is a drawn-out task, because of which huge exploration and improvement endeavors are embraced by organizations to utilize MRAM, modify the incorporated circuits, and diminish the size of the general gadget. However, the rising production cost of MRAM is anticipated to create a major challenge for the players operating in the Magnetoresistive RAM (MRAM) Market.
Market Segmentation
The Magnetoresistive RAM (MRAM) Market has been segmented into product, application, and region.
In terms of product, the MRAM market has been categorized into STT and Toggle. The STT segment registered the highest market share in 2020 and is expected to attain an approximate CAGR of 19.35% during the forecast period.
By application type, the MRAM market has been classified into aerospace & defense, automotive, robotics, consumer electronics, and enterprise storage. The aerospace & defense segment is anticipated to lead among others and record a value of USD 249.7 million by 2027.
Regional Analysis
The global MRAM market has been studied across Asia-Pacific, North America, Europe, the Middle East, and Africa, and South America. North America represented the biggest portion of the overall industry of 27.83% in 2020. The region is an important contributor to the development of the MRAM market because of the presence of significant central members. These organizations are pioneers in giving imaginative memory and capacity arrangements and presenting problematic patterns like AI, AI, IoT, and independent vehicles.
Germany is relied upon to observe the most noteworthy development in the European area
The Asia-Pacific territorial market is encountering fast development because of expanding government support to create and produce memory chips. The developing requirement for better execution and improved usefulness in PCs has expanded the utilization of MRAMs in the Middle East. The schooling area in the district has seen significant development, especially in e-learning. Moreover, the expanded reception of cell phones in Brazil, Argentina, and Colombia drives the shipment interest for MRAMs, thereby boosting the development of the South American market.
Prominent Players
The major players operating in the global MRAM market are Toshiba Corporation (Japan), Spin Memory, Inc. (US), Honeywell International Inc. (US), Samsung Electronics Co. Ltd (South Korea), NVE Corporation (US), Everspin Technologies Inc. (US), Avalanche Technology Inc. (US), Numem Inc. (US), and Taiwan Semiconductor Manufacturing Company Limited (Taiwan).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 11

1.1 MARKET SUMMARY 11

2 MARKET INTRODUCTION 13

2.1 DEFINITION 13

2.2 SCOPE OF THE STUDY 13

2.3 MARKET STRUCTURE 13

3 RESEARCH METHODOLOGY 14

4 MARKET DYNAMICS 21

4.1 DRIVERS 21

4.1.1 INCREASING DEMAND FOR WEARABLES AND FLEXIBLE ELECTRONIC PRODUCTS 21

4.1.2 DISPLACEMENT OF LESS EFFICIENT MEMORY TECHNOLOGIES 22

4.1.3 DRIVERS IMPACT ANALYSIS 23

4.2 OPPORTUNITY 23

4.2.1 INTRODUCTION OF NEW PRODUCTS FOR EMBEDDED AND STANDALONE MEMORIES 23

4.2.2 USE OF MRAM IN AUTOMOTIVE AND UTILITIES 23

4.3 CHALLENGES 24

4.3.1 HIGH MANUFACTURING COST OF MRAM 24

4.4 COVID-19 IMPACT ANALYSIS 24

4.4.1 IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS 24

4.4.2 IMPACT ON THE GLOBAL MRAM MARKET 25

4.4.2.1 IMPACT ON SUPPLY CHAIN 25

4.4.2.2 PRICE VARIATION OF KEY RAW MATERIALS 25

4.4.2.3 PRODUCTION SHUTDOWN 26

4.4.2.4 IMPACT ON MARKET DEMAND 26

5 MARKET FACTOR ANALYSIS 27

5.1 VALUE CHAIN ANALYSIS 27

5.1.1 MATERIAL SUPPLIERS AND FOUNDRIES 27

5.1.2 COMPONENT MANUFACTURERS 27

5.1.3 SUB-SYSTEM INTEGRATORS/ASSEMBLERS 27

5.1.4 END-USE APPLICATIONS 27

5.2 PORTER’S FIVE FORCES 28

5.2.1 BARGAINING POWER OF SUPPLIERS 29

5.2.2 THREAT OF SUBSTITUTES 29

5.2.3 BARGAINING POWER OF BUYERS 29

5.2.4 INTENSITY OF RIVALRY 29

6 GLOBAL MRAM MARKET, BY PRODUCT 30

6.1 INTRODUCTION 30

6.2 TOGGLE MRAM 30

6.3 STT MRAM 30

7 GLOBAL MRAM MARKET, BY APPLICATION 31

7.1 INTRODUCTION 31

7.2 CONSUMER ELECTRONICS 31

7.3 ROBOTICS 32

7.4 AUTOMOTIVE 32

7.5 ENTERPRISE STORAGE 32

7.6 AEROSPACE & DEFENSE 32

8 GLOBAL MRAM MARKET, BY REGION 33

8.1 OVERVIEW 33

8.2 NORTH AMERICA 34

8.2.1 US 37

8.2.2 CANADA 38

8.2.3 MEXICO 39

8.3 EUROPE 40

8.3.1 GERMANY 43

8.3.2 UK 44

8.3.3 FRANCE 45

8.3.4 SPAIN 46

8.3.5 REST OF EUROPE 47

8.4 ASIA-PACIFIC 48

8.4.1 CHINA 51

8.4.2 JAPAN 52

8.4.3 INDIA 53

8.4.4 REST OF ASIA-PACIFIC 54

8.5 MIDDLE EAST & AFRICA 55

8.5.1 UAE 58

8.5.2 SAUDI ARABIA 59

8.5.3 SOUTH AFRICA 60

8.5.4 QATAR 61

8.5.5 REST OF MIDDLE EAST & AFRICA 62

8.6 SOUTH AMERICA 63

8.6.1 BRAZIL 65

8.6.2 ARGENTINA 66

8.6.3 REST OF SOUTH AMERICA 66

9 COMPETITIVE LANDSCAPE 68

9.1 OVERVIEW 68

9.2 MARKET SHARE ANALYSIS 69

9.3 COMPETITIVE BENCHMARKING 70

9.4 COMPETITOR DASHBOARD 71

9.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 71

9.5.1 PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS/SERVICE DEPLOYMENTS 71

10 COMPANY PROFILE 74

10.1 TOSHIBA CORPORATION 74

10.1.1 COMPANY OVERVIEW 74

10.1.2 FINANCIAL OVERVIEW 75

10.1.3 PRODUCTS OFFERED 75

10.1.4 KEY DEVELOPMENTS 76

10.1.5 SWOT ANALYSIS 76

10.1.6 KEY STRATEGIES 76

10.2 NVE CORPORATION 77

10.2.1 COMPANY OVERVIEW 77

10.2.2 FINANCIAL OVERVIEW 77

10.2.3 PRODUCTS OFFERED 78

10.2.4 KEY DEVELOPMENTS 78

10.2.5 SWOT ANALYSIS 79

10.2.6 KEY STRATEGIES 79

10.3 EVERSPIN TECHNOLOGIES INC 80

10.3.1 COMPANY OVERVIEW 80

10.3.2 FINANCIAL OVERVIEW 80

10.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 81

10.3.4 KEY DEVELOPMENTS 82

10.3.5 SWOT ANALYSIS 82

10.3.6 KEY STRATEGIES 83

10.4 AVALANCHE TECHNOLOGY INC 84

10.4.1 COMPANY OVERVIEW 84

10.4.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84

10.4.3 KEY DEVELOPMENTS 85

10.4.4 KEY STRATEGIES 85

10.5 SPIN MEMORY, INC 86

10.5.1 COMPANY OVERVIEW 86

10.5.2 FINANCIAL OVERVIEW 86

10.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 86

10.5.4 KEY DEVELOPMENTS 86

10.5.5 KEY STRATEGIES 87

10.6 HONEYWELL INTERNATIONAL INC 88

10.6.1 COMPANY OVERVIEW 88

10.6.2 FINANCIAL OVERVIEW 89

10.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 89

10.6.4 KEY DEVELOPMENTS 89

10.6.5 SWOT ANALYSIS 90

10.6.6 KEY STRATEGIES 90

10.7 SAMSUNG ELECTRONICS CO. LTD 91

10.7.1 COMPANY OVERVIEW 91

10.7.2 FINANCIAL OVERVIEW 91

10.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 92

10.7.4 KEY DEVELOPMENTS 92

10.7.5 SWOT ANALYSIS 93

10.7.6 KEY STRATEGIES 93

10.8 NUMEM INC 94

10.8.1 COMPANY OVERVIEW 94

10.8.2 FINANCIAL OVERVIEW 94

10.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 94

10.8.4 KEY DEVELOPMENTS 94

10.8.5 KEY STRATEGIES 95

10.9 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 96

10.9.1 COMPANY OVERVIEW 96

10.9.2 FINANCIAL OVERVIEW 97

10.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 97

10.9.4 KEY DEVELOPMENTS 98

10.9.5 SWOT ANALYSIS 98

10.9.6 KEY STRATEGIES 98