8th November 2019 – Global Magneto
Resistive RAM (MRAM) Market is expected to reach USD 4.80 billion by
2025. MRAM is abbreviated as Magnetoresistive Random Access Memory, also termed
as Magnetic RAM or Magneto-Resistive RAM, is a process of storing data bits
using magnetic states. It uses a non-volatile random-access memory technology
and is power efficient. The MRAM device is termed as a spintronics device. The
Magneto Resistive RAM industry is estimated to grow at a significant CAGR over
the forecast period as the scope and its applications are rising enormously
across the globe.
Low power consumption, faster access time,
and non-volatile data storage are documented as major factors of Magneto
Resistive RAM Market that are estimated to enhance the growth in the years to
come. However, memory density issue may restrain overall market growth in the
coming years. MRAM industry is segmented based on types, end user, and region.
Toggle MRAM (T-MRAM) and spin-transfer
torque (STT) MRAM are the types that could be explored in MRAM Market in the
forecast period. The spin-transfer torque (STT) MRAM sector accounted for the
significant market share of Magneto Resistive RAM (MRAM) industry and is
estimated to lead the overall market in the coming years. The market may be
categorized based on end users like robotics, enterprise storage, automotive,
aerospace & defense, consumer electronics, and others that could be
explored in the forecast period.
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Globally, North America accounted for
the largest market share of MRAM in terms of revenue and is estimated to lead
the overall market in the coming years. The reason behind the overall market
growth could be growth in research & development activities and presence of
key manufacturers in the region.
Instead, Europe and the Asia Pacific are
also estimated to have a positive influence on the future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is
estimated to grow at fastest pace with the highest CAGR in the foremost period.
The aspects that may be ascribed to the growth comprise growing advancements in
infrastructures of data centers and rising acceptance of cloud computing. The
developing countries like India and China are the major consumers of MRAM in
the region.
The key players of Magneto Resistive RAM
(MRAM) Market are Crocus Nanoelectronics, Avalanche Technology, and Everspin
Technologies. These players are concentrating on inorganic growth to sustain
themselves amongst fierce competition. As companies all over the world have to
believe that alliance with a market would permit them proportional market
existence and authority to declare the leadership position.
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