"Smart Strategies, Giving Speed to your Growth Trajectory"

Magneto Resistive RAM (MRAM) Market Size, Share & Industry Analysis, By Product Type (Spin-Transfer Torque MRAM (STT-MRAM), Toggle MRAM), By Application (Consumer Electronics, Automotive, Robotics, Aerospace & Defense, Enterprise Storage, Others) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI104800 | Status : Ongoing



Magneto resistive RAM (MRAM) a memory technology stores information using electron spin. Various companies and researchers are investing in developing next-generation MRAM technology, this is likely to boost the market growth in near future. The magneto resistive RAM can operate under a high-temperature environment and it is a tamper resistant. Thus, it is highly suitable for industries such as manufacturing, aerospace, defense, automotive, military among others, this is likely to surge the demand.

MRAMs are the power efficient memory technology and has potential to replace SRAM (Static Random Access Memory), DRAM (Dynamic Random Access Memory), flash memory, among others. It is faster, less power consuming, and capable of retaining data. Its rapid writing and reading functionality than the traditional technologies is likely to drive the growth magneto resistive RAM market. The increasing demand for standalone and embedded memory across consumer electronic devices, wearable devices, smart devices among others is expected to drive the market. Similarly, the growing demand for the internet of things, artificial devices, virtual and augmented reality is likely to boost the MRAM demand.

Key Market Driver -

• Growing demand for wearable devices is expected to boost the magneto resistive RAM (MRAM) market growth • Low power consumption capability of magneto resistive RAM is expected to drive the market growth

Key Market Restraint -

• High designing cost of devices is likely to hinder the market growth

Key Players Covered:

Some of the key players in the global magneto resistive RAM (MRAM) are Everspin Technologies, Inc., Inc., Intel Corporation, IBM Corporation, NVE Corporation, Qualcomm, Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Spin Transfer Technologies, and Crocus Nano Electronics LLC, Avalanche Technology, Inc., Honeywell International among others. These companies are focusing research and development for its vast applications. Also, to expand the business presence and market share the companies are entering into strategic partnership and collaboration. The key players are also aiming to provide innovative products and developing new embedded memory technology.

Regional Analysis

North America is expected to gain a dominant market share during the forecast period. The presence of dominant players in the region is boosting growth. Also, the significant interest and investment in research and development of in-memory technology are driving the MRAM demand in the region. Similarly, Europe is expected to gain significant growth owing to the presence of the dominant automotive industry. The temperature resistive and efficient memory technology is gaining traction in the automotive industry of the country. This is likely to drive the market growth.

Asia Pacific is likely to gain rapid growth during the forecast period owing to the increasing manufacturing and user demand for wearable devices. The leading consumer electronics, smart devices, and other industries are steadily adopting MRAM technology in the region to offer fast and high capacity memory. The region contains various memory manufacturing companies that are expected to drive the MRAM demand. Further, the growing internet penetration, cloud deployment, 5G infrastructure among others is expected to boost the magneto resistive RAM market growth. Similarly, considering the capabilities and applications of MRAM its demand across the Middle East & Africa and South America is expected to grow steadily.

To gain extensive insights into the market, Request for Customization




By Product Type

  • Spin-Transfer Torque MRAM (STT-MRAM)

  • Toggle MRAM

By Application

  • Consumer Electronics

  • Automotive

  • Robotics

  • Aerospace & Defense

  • Enterprise Storage

  • Others

By Geography

  • North America (United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (Japan, China, India, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

 Key Industry Developments

  • February 2019 – Intel Corporation announced the availability of MRAM production. The company shared its detail for embedding MRAM spin-transfer torque (STT) into devices. The company announced it is using two-stage current sensing technique and a scheme "write-verify-write" to develop STT-MRAM.

  • March 2020: Everspin Technologies, Inc. in partnership with intelligent computing provider, Xilinx, Inc. released new design guide for 1 Gb STT-MRAM with Xilinx’s DDR4 FPGA Controller. The integration of two companies’ solution offers various benefits such as reduced operational frequency, data transfer efficiency, among others.

  • Ongoing
  • 2021
  • 2018-2020


  • $4850
    Pre Book

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Go daddy

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.