
Magneto Resistive RAM (MRAM)
Description
Global Magneto Resistive RAM (MRAM) Market to Reach US$19.1 Billion by 2030
The global market for Magneto Resistive RAM (MRAM) estimated at US$3.0 Billion in the year 2024, is expected to reach US$19.1 Billion by 2030, growing at a CAGR of 36.5% over the analysis period 2024-2030. Enterprise Storage, one of the segments analyzed in the report, is expected to record a 40.0% CAGR and reach US$7.4 Billion by the end of the analysis period. Growth in the Consumer Electronics segment is estimated at 36.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$917.2 Million While China is Forecast to Grow at 45.2% CAGR
The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$917.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2030 trailing a CAGR of 45.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 27.5% and 30.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 34.0% CAGR.
Global Magneto Resistive RAM (MRAM) Market - Key Trends & Drivers Summarized
Magneto Resistive RAM (MRAM) is an advanced type of non-volatile memory that leverages magnetic states to store data. Unlike traditional RAM, which relies on electrical charges, MRAM uses magnetic tunnel junctions to read and write data, offering superior speed and endurance. This technology operates by aligning the magnetic orientation of electrons in different directions to represent binary data, which makes it incredibly efficient in terms of power consumption and resilience to data loss. MRAM`s non-volatility means that it retains information even when the power is turned off, a feature that is particularly advantageous in applications requiring high reliability and quick data recovery, such as in computing and industrial systems.
The growth in the MRAM market is driven by several factors. Firstly, the increasing demand for high-speed, low-power memory solutions in data centers and enterprise storage systems is a major driver. As the volume of data generated continues to rise exponentially, the need for efficient and reliable memory solutions becomes critical. Secondly, the proliferation of IoT devices and edge computing has spurred the demand for memory technologies that can operate efficiently in low-power, always-on environments. MRAM`s attributes align perfectly with these requirements, offering non-volatility and rapid access times. Additionally, advancements in manufacturing processes have reduced production costs, making MRAM more accessible for a wider range of applications. The growing emphasis on reducing energy consumption in electronic devices also propels the market, as MRAM offers substantial energy savings compared to traditional memory technologies. These factors, combined with the ongoing research and development efforts to enhance MRAM capabilities, underscore the robust growth trajectory of the MRAM market.
The technological advancements in MRAM have been significant, with recent developments focusing on enhancing scalability, speed, and energy efficiency. Spin-transfer torque MRAM (STT-MRAM) is one of the most notable advancements, where the data writing process involves manipulating the spin of electrons using a spin-polarized current. This technique has substantially reduced power consumption and increased write speeds, making MRAM more competitive with other memory technologies like DRAM and NAND flash. Furthermore, MRAM`s endurance and robustness make it ideal for applications in harsh environments, such as automotive and aerospace industries, where data integrity is critical. The integration of MRAM into these sectors has highlighted its potential to replace or complement existing memory technologies, pushing the boundaries of performance and reliability.
SCOPE OF STUDY:The report analyzes the Magneto Resistive RAM (MRAM) market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Application (Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense, Other Applications)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 25 Featured) -
- Avalanche Technology, Inc.
- Crocus Nano Electronics, LLC
- Everspin Technologies, Inc.
- Honeywell International, Inc.
- Numem
- NVE Corporation
- Samsung Electronics Co., Ltd.
- Toshiba Corporation
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TARIFF IMPACT FACTOR
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Table of Contents
- I. METHODOLOGY
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Tariff Impact on Global Supply Chain Patterns
- An Introduction to Magneto Resistive RAM (MRAM)
- Operation of MRAM
- Structure and Fabrication of MRAM
- Critical Characteristics of MRAM
- Types of MRAM
- Global Economic Update
- Evolving Capabilities Present MRAM as a Promising Memory Technology of the Future
- Enterprise Storage: The Leading Application Market
- Developed Economies Lead, Developing Economies Poised for High Growth
- Competition
- Magneto Resistive RAM (MRAM) – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- Recent Market Activity
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Emergence of Next Generation Memory Technologies to Support Growth of MRAM Market
- Global Non-Volatile Memory Market Size (in US$ Billion) for the Years 2022, 2024, 2026 and 2028
- MRAM Memory: From Storage to Data Processing
- MRAM Set to Emerge as Persistent Memory for Numerous Applications
- Low-Power Consumption Benefit of MRAM
- MRAM: Looming Memory Technology Bonanza with Vibrant Options & Applications
- STT-MRAM: Promising Alternative to SRAM Cache Memory
- SOT-MRAM: Combining Speed, Reliability & Energy Efficiency
- VCMA-MRAM: Reducing Energy Consumption
- VG-SOT: A Power-Packed Performance
- Analog In-Memory Computing with SOT-MRAM
- MRAM Moves into Embedded Space
- Increasing Competitiveness of Embedded MRAM (eMRAM) with Other Memory Technologies: Price in $/Gb by Memory Type for the Years 2018, 2022, and 2026
- eMRAM Holds an Edge Over Other Memory Technologies: Comparing Power, Performance, Area, and Availability of SRAM, eMRAM, eFLASH, PCM, RRAM, and FeFET
- eMRAM Innovations Enabling Low Power SoCs for Advanced Process Nodes
- The Many Benefits of eMRAM
- How Embedded MRAMs Can Play a Key Role in Designing of Future Advanced-Node SoCs
- Second Generation STT-MRAM to Grab Growing Share of MRAM Market
- STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash
- STT-RAM to Emerge as a Potential Leading Memory Type in the Embedded Emerging NVM Market
- Emerging Non-Volatile Memory (NVM) Market: Percentage Breakdown of Revenues in Standalone and Embedded Memory Segments by RRAM, STT-MRAM and PCM
- Monitoring Critical Process Steps for STT-MRAM Integration in Advanced CMOS Technologies
- Challenges Confronting Fabrication and Testing of STT-RAM
- Potential for MRAM to Replace SRAM and DRAM
- Spin-Orbit Torque (SOT)-MRAM – The Latest Generation MRAM
- Growing Memory Requirements of Data Centers to Propel MRAM Market
- Data Centers Continue to Gain Importance, Presenting Opportunities for MRAM Market
- Global Data Centers Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
- Power, Cost, and Time Saving Advantages of STT-MRAM to Drive Adoption in Hyperscale Data Centers
- Rising Computing Needs of Consumer Electronic Devices: Opportunity for MRAM Market
- Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
- IoT Trends to Propel Demand for MRAM
- Embedded MRAM Emerges as a Promising Technology for IoT Devices, Artificial Intelligence and Machine Learning
- Rapidly Growing AI/ML Market Presents Growth Opportunities for MRAM Adoption: Global Deep Learning Chipset Market Revenues in US$ Billion for the Years 2019, 2022, and 2025
- Growing Need for Energy-Efficient Storage Solutions Gives Impetus to MRAM Market
- Installed Base of Data Storage Capacity (in Zettabytes) for 2019, 2020, and 2024
- MRAM Emerges as a Possible Option for Post-Flash Solid-State Storage
- MRAM Evolves as the Next Stage for Solid State Storage
- Toggle MRAM Preps for 5G Revolution
- Edge Computing to Drive Demand for MRAM
- Quad MTJ with STT-MRAM Technology to Enable Advanced Edge Devices for Emerging Applications
- MRAM Improving Edge Computing Efficiency
- Rising Use of MRAM in Automotive Industry
- MRAM Emerges as a Memory Solution for Intelligent and Connected Automobiles
- Need for Radiation-Hardened ICs Hold Potential for MRAM in Satellites and Spacecrafts
- High-Capacity, Fast & High-Endurance MRAM to Shift Boundaries of Space Applications
- Why MRAM is a Promising Bet for Space Applications?
- High Resistance to Radiation Makes STT-MRAM Perfect for Space Applications
- Avalanche Technology Develops New High Density Space-grade MRAMs in Partnership with Protec GmbH for the European Space Community
- Advancements in MRAM Augurs Well for the Market
- Samsung's MRAM-Based-in-Memory Computing
- Energy Efficient MRAM Developed by a South Korean Research Team
- Tohoku University Research Team Develops High Speed SOT Magneto Resistive RAM
- Researchers at NTHU Manipulates MRAM by Working with the Electron Spin
- IBM Developing STT-MRAM Technology
- Research Focus on Using Antiferromagnets for MRAM Catches Pace
- Advances in Spin-Transfer-Torque MRAM
- Focus on Domain-Wall Devices
- Select Startups Set to Scale up Computer Memory with Promising MRAM Solutions
- EU Companies: Potential Game Changers in the Global Memory Business with their MRAM Inventions and Pilot Lines?
- ReRAM Exudes Potential to Emerges as Next Wave of Memory Technology
- Testing Becomes Important for a Good MRAM Memory
- Challenges Confronting Making and Testing of STT-MRAM
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Magneto Resistive RAM (MRAM) Market Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 3: World 6-Year Perspective for Magneto Resistive RAM (MRAM) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Enterprise Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 5: World 6-Year Perspective for Enterprise Storage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 6: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 7: World 6-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Robotics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 9: World 6-Year Perspective for Robotics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 11: World 6-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 12: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 13: World 6-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 15: World 6-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- III. MARKET ANALYSIS
- UNITED STATES
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- TABLE 16: USA Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 17: USA 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- CANADA
- TABLE 18: Canada Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 19: Canada 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- JAPAN
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 21: Japan 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- CHINA
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- TABLE 22: China Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 23: China 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- EUROPE
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- TABLE 24: Europe Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 25: Europe 6-Year Perspective for Magneto Resistive RAM (MRAM) by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
- TABLE 26: Europe Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 27: Europe 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- FRANCE
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 28: France Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 29: France 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- GERMANY
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- TABLE 30: Germany Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 31: Germany 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- ITALY
- TABLE 32: Italy Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 33: Italy 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- UNITED KINGDOM
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- TABLE 34: UK Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 35: UK 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- REST OF EUROPE
- TABLE 36: Rest of Europe Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 37: Rest of Europe 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- ASIA-PACIFIC
- Magneto Resistive RAM (MRAM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- TABLE 38: Asia-Pacific Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 39: Asia-Pacific 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- REST OF WORLD
- TABLE 40: Rest of World Recent Past, Current & Future Analysis for Magneto Resistive RAM (MRAM) by Application - Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 41: Rest of World 6-Year Perspective for Magneto Resistive RAM (MRAM) by Application - Percentage Breakdown of Value Revenues for Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense and Other Applications for the Years 2025 & 2030
- IV. COMPETITION
Pricing
Currency Rates