The global magneto resistive RAM (MRAM) market size is deemed to touch USD 1,396.7 million by 2027, asserts Market Research Future (MRFR) in its report. It is expected to display 18.58% CAGR over the forecast period. MRFR’s report on the MRAM market highlights various trends and opportunities for leaders to capitalize during the forecast period (2020-2027). The COVID-19 pandemic and its effects on the industry are included for forecasting market valuation and growth projections.

Get a FREE sample @https://www.marketresearchfuture.com/sample_request/10659

MRAM Market Scope

The global magneto resistive RAM (MRAM) market is driven by intense competition in data centers and demand for huge storage capacities by large corporations. Generation of large data volumes as well as efficient performance, processing speed, and data retention compared to NAND format can drive market growth. Huge demand for wearables and flexible electronics can prove to be beneficial to the market.

Increasing demand for semiconductor chips and utilization of IoT devices for automation processes and spur production rates can bode well for the market. Rapid pace of industrialization can facilitate market growth.

But high manufacturing costs of magneto resistive RAM (MRAM) can impede market growth.

MRAM Market COVID-19 Impact Analysis

The COVID-19 pandemic has negatively affected the magneto resistive RAM (MRAM) market owing to supply chain disruptions and lack of demand from usual clients. But the shift of targeting to healthcare and medical equipment to relive the distress of large economies can bode well for the market. But distribution challenges and soaring prices of raw materials can hamper market growth.

MRAM Market Segmentation Analysis

STT Segment to Display 19.35% CAGR

The STT segment is expected to perform at a stellar rate during the forecast period owing to high performance, great compatibility, thermal stability, and wide usage.

Aerospace & Defense Application to be Valued at USD 249 Million by 2027

The aerospace and defense application is expected to generate high returns for the magneto resistive RAM market owing to its endurance in high temperatures and fast reading and writing capacities.

MRAM Market Regional Analysis

North America to Account for Major Revenue Share

North America will lead in the MRAM market owing to presence of key players and demand for advanced storage solutions required in handling self-driving vehicles, IoT, AI, and machine learning. Huge demand for equipment in manufacturing can induce market demand significantly due to a large consumer base and establishment of data centers. Huge need for non-volatile memory storage technologies can spur regional growth.

MRAM Market Competitive Analysis

NVE Corporation (US), Samsung Electronics Co. Ltd (South Korea), Toshiba Corporation (Japan), Honeywell International Inc. (US), Numem Inc. (US), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Avalanche Technology Inc. (US), Everspin Technologies Inc. (US), and Spin Memory, Inc. (US) are key players in the global magneto resistive RAM (MRAM) market. Development of new products and innovations through partnerships are major strategies of players.

Get FULL report @https://www.marketresearchfuture.com/reports/mram-market-10659

MRAM Market Industry News

Micross Components Inc. has collaborated with Avalanche Technology to produce a 1 GB MRAM qualified encapsulated device (QED) compatible with NASA’s EEE requirements for Level-2 electric and microelectronic products.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 11

1.1 MARKET SUMMARY 11

2 MARKET INTRODUCTION 13

2.1 DEFINITION 13

2.2 SCOPE OF THE STUDY 13

2.3 MARKET STRUCTURE 13

3 RESEARCH METHODOLOGY 14

4 MARKET DYNAMICS 21

4.1 DRIVERS 21

4.1.1 INCREASING DEMAND FOR WEARABLES AND FLEXIBLE ELECTRONIC PRODUCTS 21

4.1.2 DISPLACEMENT OF LESS EFFICIENT MEMORY TECHNOLOGIES 22

4.1.3 DRIVERS IMPACT ANALYSIS 23

4.2 OPPORTUNITY 23

4.2.1 INTRODUCTION OF NEW PRODUCTS FOR EMBEDDED AND STANDALONE MEMORIES 23

4.2.2 USE OF MRAM IN AUTOMOTIVE AND UTILITIES 23

4.3 CHALLENGES 24

4.3.1 HIGH MANUFACTURING COST OF MRAM 24

4.4 COVID-19 IMPACT ANALYSIS 24

4.4.1 IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS 24

4.4.2 IMPACT ON THE GLOBAL MRAM MARKET 25

4.4.2.1 IMPACT ON SUPPLY CHAIN 25

4.4.2.2 PRICE VARIATION OF KEY RAW MATERIALS 25

4.4.2.3 PRODUCTION SHUTDOWN 26

4.4.2.4 IMPACT ON MARKET DEMAND 26