PUBLISHER: Lucintel | PRODUCT CODE: 1154015
PUBLISHER: Lucintel | PRODUCT CODE: 1154015
MRAM Market Trends and Forecast
The future of the magneto resistive RAM (MRAM) market looks promising with opportunities in the consumer electronics, robotics, automotive, enterprise storage, and aerospace and defense industries. The global MRAM market is expected to reach an estimated $7.1 billion by 2027 with a CAGR of 22% from 2021 to 2027. The major drivers for this market are increasing demand for wearable devices, high adoption of IoT devices, advancement in computing technology, need for higher memory space, and reduction in boot up time.
Emerging Trends in the MRAM Market
Emerging trend, which has a direct impact on the dynamics of the MRAM industry, includes reduction in size of the chip area of STT-MRAMs.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the MRAM market report.
MRAM Market by Segment
MRAM Market by Type [$M shipment analysis for 2016 - 2027]:
MRAM Market by End Use Industry [$M shipment analysis for 2016 - 2027]:
MRAM Market by Region [$M shipment analysis for 2016 - 2027]:
List of MRAM Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies MRAM companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the MRAM companies profiled in this report includes.
MRAM Market Insight
Features of MRAM Market
FAQ
Q1. What is the MRAM market size?
Answer: The global MRAM market is expected to reach an estimated $7.1 billion by 2027
Q2. What is the growth forecast for MRAM market?
Answer: The MRAM market is expected to grow at a CAGR of 22% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the MRAM market?
Answer: The major drivers for this market are increasing demand for wearable devices, high adoption of IoT devices, advancement in computing technology, need for higher memory space, and reduction in boot up time.
Q4. What are the major applications or end use industries for MRAM?
Answer: Enterprise storage and consumer electronics are the major end use industries for MRAM.
Q5. What are the emerging trends in MRAM market?
Answer: Emerging trend, which has a direct impact on the dynamics of the MRAM industry, includes reduction in size of the chip area of STT-MRAMs.
Q6. Who are the key MRAM companies?
Answer: Some of the key MRAM companies are as follows:
Q7. Which MRAM product segment will be the largest in future?
Answer: Lucintel forecasts that STT-MRAM will remain the largest segment due to growing preference for fast, efficient, highly scalable, and non-volatile memory devices in several end-use industries.
Q8. In MRAM market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.