Global MRAM Industry Report 2022-2027

DUBLIN, February 25, 2022 /PRNewswire/ — The report “Magnetoresistive RAM (MRAM) Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

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The global Magneto Resistive RAM (MRAM) market reached a value of $275.4 million in 2021. Going forward, the market is expected to reach a value of US$3,436.9 million by 2027 exhibiting a CAGR of 48.60% over the period 2022-2027.

Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

The significant growth in the consumer electronics industry is one of the key factors creating a positive outlook for the market. MRAM is widely used in various electronic gadgets, such as workstations, smart wearable devices, smartphones, and digital cameras. Additionally, the growing demand for products in the aerospace and defense industries for high temperature data storage is driving the growth of the market.

Additionally, various product innovations such as the development of low-power MRAM variants for radiation-hardened microchips are driving the market growth. They are energy efficient, resistant to radiation and can operate under temperature variations. In this light, the growing demand for Internet of Things (IoT) enabled devices and the widespread use of advanced sensors and smart robots are having a positive impact on the growth of the market.

Other factors, including the growing use of the products in miniaturized and custom integrated circuits (ICs), as well as the widespread adoption of MRAM-integrated medical sensors for non-invasive diagnostic testing of various medical conditions, are expected to drive the market to growth.

Key market segmentation

This report provides an analysis of the main trends in each sub-segment of the global Magneto Resistive RAM (MRAM) market, as well as forecasts at the global, regional and country levels from 2022 to 2027. The report has categorized the market according to type, offer and application.

Market Breakdown

  • Type

  • Offer

  • Application

  • Region

Competitive landscape

The competitive landscape of the industry has also been reviewed, along with the profiles of key players, namely:

  • Avalanche Technology Inc.

  • Crocus Nano Electronics LLC

  • Everspin Technologies Inc.

  • Honeywell International Inc.

  • Infineon Technologies SA

  • intel company

  • NVE Company

  • Qualcomm Incorporated

  • Samsung Electronics Co.Ltd.

  • Spin Memory Inc.

  • Toshiba Company

  • Tower Semiconductor Ltd.

Key questions answered by this report

  • How has the global Magneto Resistive RAM (MRAM) market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the Global Magneto Resistive RAM (MRAM) Market?

  • What are the main regional markets?

  • What is the market breakdown by type?

  • What is the distribution of the market according to supply?

  • What is the market breakdown by application?

  • What are the different stages of the industry value chain?

  • What are the key drivers and challenges in the industry?

  • What is the structure of the global Magneto Resistive RAM (MRAM) market and who are the key players?

  • How competitive is the industry?

For more information about this report visit https://www.researchandmarkets.com/r/37ah84

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