Magnetoresistive random access memory (MRAM) is a non-volatile RAM memory utilized for storing data using magnetic charges in place of electric charges. The early developments of MRAM could be traced back to the year 1990 when Honeywell Company designed magnetoresistive memory devices which affirmed features such as high density, random access and non–volatile memory. Following this trend, Freescale-Everspin Company came up with commercial and mass produced MRAMs. This device works on the principle of magnetoresistance which is a result of the effect caused by change in resistance with magnetic state of devices. MRAM is anticipated to be the most power efficient memory device. The potential capability of MRAM is that it can replace DRAM (Dynamic Random Access Memory), SRAM (Static Random Access Memory), flash memory, etc. MRAM currently has two types which are toggle MRAM and Spin-Transfer Torque MRAM. Toggle MRAM deploys one transistor and one Magnetic Tunnel Junctions (MTJ) cell to furnish a simple, high-density memory. The MTJ device usually has a low resistance when the magnetic moment of the free layer becomes parallel to the fixed layer and a high resistance when the free layer moment is aligned anti-parallel to the fixed layer moment. Furthermore, spin-transfer torque is a result of the orientation of a magnetic layer in a magnetic tunnel junction or spin valve altered using a spin-polarized current. The MRAM market is presently at a development stage and the industry witnesses strategic partnerships along with expanding innovation and research & development activities.

There is an increase in demand for computing electronics devices which eliminates boot up time. The advantage of using a magnetoresistive random access memory (MRAM) is that it reduces boot up time. This factor of eliminating boot up time is expected to be the primary driving factor for the MRAM market. Along with that, MRAM products allow more memory space. The whole IT ecosystem is looking forward to devices which allow more memory space; hence, this factor is expected to drive the MRAM market with a positive impact. Also, the considerable increase in demand for wearable electronics indirectly drives the MRAM market. However, there exist some challenges for the magnetoresistive random access memory (MRAM) market. One of the restraints is the logistics issue as manufacturers are still not clear about the demand supply equation, MRAM being a new technology, MRAM products currently have high design cost with electromagnetic interface problems to add to the challenge. However, MRAM products can gain favorable opportunity to vertically scale up along its memory supply chain.

The MRAM market is currently witnessing a trend of reduction in size of the chip area. Additionally, MRAM technology is aiding the magnetic tunnel junctions (MTJ) to stack it directly on the vertical internet access by eliminating magnetic interferences. This trend is expected to increase demand for small sized chips with reduced cost as MTJ allows reduction in chip size, thus allowing commercialization of MRAM technology. 

The MRAM market can be segmented according to product type and application. Product type can be further segmented as toggle MRAM and Spin-Transfer Torque MRAM. On the basis of application, the MRAM market is segmented into consumer electronics, robotics, automotive, enterprise storage, aerospace & defense and others. The MRAM market can also be segmented by region as North America, Europe, Asia Pacific, Middle East & Africa, and South America. 

Some of the key players in the magnetoresistive random access memory (MRAM) market are Avalanche Technology, Inc. (U.S.), Everspin Technologies, Inc. (U.S.), Honeywell International, Inc. (U.S), Intel Corporation (U.S.), NVE Corporation (U.S.), Qualcomm Incorporated (U.S.), Samsung Electronics Co. Ltd. (South Korea),. Spin Transfer Technologies (U.S.), Toshiba Corporation (Japan), and Crocus Nano Electronics LLC. (Russia).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Magnetoresistive Random Access Memory Market

Pre Book