The
global magneto resistive RAM (MRAM) market is expected to reach USD 4.80
billion by 2025, according to a new study by Grand View Research, Inc.
Non-volatile memories, such as MRAM and Resistive random Access Memory
(RRAM/ReRAM), are expected to replace the existing volatile memories such as
Dynamic Random Access Memory (DRAM) and Static Random-Access Memory (static RAM
or SRAM). The replacement would be possible due to different benefits offered
by the advance non-volatile memories. The existing flash memories are facing
technological limits; and their further advancements are expected to increase
their costs, thus, leading to the invention of non-volatile memories that are
capable of avoiding data loss on power discharge.
The
standalone markets, such as wearables, embedded Multipoint Control Unit (MCU)s,
smart cards, and storage class memories for enterprise storage, are expected to
offer immense opportunities to the market.
The
first generation MRAM and second generation Spin-Transfer Torque MRAM (STT-MRAM)
are expected to replace traditional DRAMs and SRAMs. Initially, the prices
associated with these memories are expected to be high, which would reduce with
the increasing rates of developments.
Moreover,
the increasing demand of these memories is predicted to promote the demand for
equipment, used in their manufacturing. The manufacturing of these memories
require specialized fabrication equipment, similar to those used in magnetic
read sensors. Thus, promoting the growth of capital equipment required for
manufacturing of non-volatile memories equipment.
The
market may face challenges due to its complex structure and high costs of
manufacturing of memories. However, these challenges can be circumvented by
technological advancements and increased production.
In depth research report on Magneto Resistive RAM
(MRAM) Market
Further key findings from the study suggest:
·
The North American region
dominated the market, accounting for more than 36% of the total market revenue,
owing to the presence of leading players and growing R&D activities
·
STT-MRAM is expected to
maintain market dominance due to its wide application, higher performance,
thermal stability, and greater compatibility
·
The Asia Pacific region is
predicted to emerge as the fastest-growing market due to the increased
penetration of cloud computing and improvements in the present infrastructures
of data centers, in developing nations
·
Strategic partnerships
accompanied, by the increasing innovation and research & development
activities, are being observed in the industry
·
The prominent vendors operating
in the market include Avalanche Technology, Inc., Everspin Technologies, Inc.,
Spin Transfer Technologies, Toshiba Corporation, and Crocus Nano Electronics
LLC
Grand
View Research has segmented the global Magneto Resistive RAM (MRAM) market
based on type, application, and region:
MRAM
Type Outlook (Revenue, USD Million; 2014- 2025)
·
Toggle MRAM
·
Spin-Transfer Torque MRAM
(STT-MRAM)
MRAM Application Outlook (Revenue, USD Million; 2014
- 2025)
·
Consumer Electronics
·
Robotics
·
Automotive
·
Enterprise Storage
·
Aerospace & Defense
·
Others
MRAM Regional Outlook (Revenue, USD Million; 2014 -
2025)
·
North America
·
Europe
·
Russia
·
Asia Pacific
·
RoW
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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