According to the recent study the magneto resistive RAM (MRAM) market is projected to reach an estimated $14 billion by 2030 from $3.4 billion in 2023, at a CAGR of 22% from 2023 to 2030. Growth in this market is primarily driven by 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.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in magneto resistive RAM (MRAM) market by type (toggle MRAM and STT-MRAM), end use industry (consumer electronics, robotics, automotive, enterprise storage, aerospace and defense, and others), and region (North America, Europe, APAC and the Rest of the World).
Lucintel forecasts that enterprise storage will remain the largest end use industry during the forecast period due to reduction in the system down time, enhancement in data recovery, and lowering of overall cost of operation.
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.
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North America will remain the largest region over the forecast period, supported by increasing demand for advanced data storage technologies, shift towards cloud-based services, and presence of various key players in the region.
Avalanche, CROCUS, Honeywell, Samsung, Everspin, Toshiba, Spin Memory, NVE Corporation, Intel, Infineon are the major suppliers in the magneto resistive RAM (MRAM) market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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