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Global MRAM Market 2018-2022

Global MRAM Market 2018-2022

About MRAM

MRAM is a type of nonvolatile memory, which uses magnetic charge to store data. The primary advantage of MRAM is that it retains data when power is turned off. MRAM requires only a small amount of electricity to be able to store data bits.

Technavio’s analysts forecast the global MRAM market to grow at a CAGR of 44.63% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global MRAM market for 2018-2022. To calculate the market size, the report considers the number of unit shipments of MRAM.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global MRAM Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Avalanche Technology
  • Everspin Technologies
  • Crocus Nanoelectronics
Market driver
  • Low-power consumption
  • For a full, detailed list, view our report
Market challenge
  • Memory density issue
  • For a full, detailed list, view our report
Market trend
  • Integration of MRAM in smartphone market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global MRAM Market 2018-2022

Technavio recognizes the following companies as the key players in the global MRAM market: Avalanche Technology, Everspin Technologies, and Crocus Nanoelectronics.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Integration of MRAM in smartphone market. In the forecast period, MRAM will be integrated into the smartphones because of the following advantages: MRAM technology retains its data when the power is removed, MRAM offers a higher read write speed compared with other technologies such as flash and EEPROM, MRAM data does not degrade over time and MRAM consumes a comparatively low level of power”

According to the report, one of the major drivers for this market is Low-power consumption. MRAM technologies are mostly used in battery-powered wireless sensors, as they consume almost 50% less power than other flash memories. This increases the battery life to a great extent. Moreover, the low-power consumption also provides the OEMs to integrate MRAM technology into the devices. Furthermore, MRAM module has unique features such as faster access time and non-volatile data storage compared with other memory technologies. This gives MRAM technology an additional benefit over other RAMs, along with the lower-power consumption factor.

Further, the report states that one of the major factors hindering the growth of this market is Memory density issue. The common memory density for MRAM is 256 kb, 1 Mb, and 4 Mb to 16 Mb. As of 2017, the largest MRAM chip is 256 Mb. However, the storage devices such as data servers and cloud-based devices require more than 1Gb storage to store data. The density of the memory module is very less, and thus the OEMs are not adopting the MRAM module. This decreases the adoption and sales of the MRAM modules. Therefore, vendors such as Everspin Technologies are working to improve the density of the MRAM module. In November 2016, Everspin Technologies announced that it would display industry’s first 1Gb STT MRAM designed with its pMTJ, which is being processed by GlobalFoundries. Also, by 2018, Everspin Technologies is expected to launch 1Gb MRAM chip.

Companies Mentioned

Avalanche Technology, Everspin Technologies, and Crocus Nanoelectronics.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Comparison of SRAM, DRAM, Flash, NVRAM, and MRAM
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Related market
      • Table Global memory module market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ mn)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by types
    • Segmentation by type
      • Table Type - Market share 2017-2022 (%)
    • Comparison by type
      • Table Comparison by type
    • STT MRAM - Market size and forecast 2017-2022
      • Table STT MRAM - Market size and forecast 2017-2022 ($ mn)
      • Table STT MRAM - Year-over-year growth 2018-2022 (%)
    • T MRAM - Market size and forecast 2017-2022
      • Table T MRAM - Market size and forecast 2017-2022 ($ mn)
      • Table T MRAM characteristics
      • Table T MRAM - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Enterprise storage- Market size and forecast 2017-2022
      • Table Enterprise storage - Market size and forecast 2017-2022 ($ mn)
      • Table Enterprise storage - Year-over-year growth 2018-2022 (%)
    • Consumer electronics- Market size and forecast 2017-2022
      • Table Consumer electronics - Market size and forecast 2017-2022 ($ mn)
      • Table Consumer electronics - Year-over-year growth 2018-2022 (%)
    • Robotics- Market size and forecast 2017-2022
      • Table Robotics - Market size and forecast 2017-2022 ($ mn)
      • Table Robotics - Year-over-year growth 2018-2022 (%)
    • Others- Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Various memory density
  • Market trends
    • Integration of MRAM in smartphone market
      • Table Global smartphone penetration level: Top five countries (2016)
    • Growth of smart cities
    • Adoption of MRAM in data centers and cloud database
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
    • Other prominent vendors
  • Vendor analysis
    • Vendors covered
      • Table Key vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Avalanche Technology
      • Table Vendor overview
      • Table Avalanche Technology - Business segments
      • Table Avalanche Technology- Organizational developments
      • Table Avalanche Technology- Segment focus
    • Everspin Technologies
      • Table Vendor overview
      • Table Everspin Technologies - Business segments
      • Table Everspin Technologies - Organizational developments
      • Table Everspin Technologies - Geographic focus
      • Table Everspin Technologies - Segment focus
    • Crocus Nanoelectronics
      • Table Vendor overview
      • Table Crocus Nanoelectronics - Business segments
      • Table Crocus Nanoelectronics - Organizational developments
      • Table Crocus Nanoelectronics - Geographic focus
      • Table Crocus Nanoelectronics - Segment focus
  • Appendix
    • List of abbreviations
  • Explore Technavio

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