Lucintel Forecasts Magneto Resistive RAM (MRAM) Market to Reach $7.1 Billion by 2027

According to the recent study the magneto resistive RAM (MRAM) market is projected to reach an estimated $7.1 billion by 2027 from $2.1 billion in 2021, at a CAGR of 22% from 2021 to 2027. 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, Asia Pacific, and the Rest of the World).

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https://www.lucintel.com/magneto-resistive-ram-market.aspx

“Enterprise storage market is expected to remain the largest segment during the forecast period.”

Based on end use industry, the magneto resistive RAM (MRAM) market is segmented into consumer electronics, robotics, automotive, enterprise storage, aerospace and defense, and others. Lucintel forecasts that the enterprise storage market is expected to remain the largest segment due to reduction in the system down time, enhancement in data recovery, and lowering of overall cost of operation.

“Within the magneto resistive RAM (MRAM) market, the STT-MRAM segment is expected to remain the largest type.”

Based on type the STT-MRAM segment is expected to witness the highest growth over the forecast period due to growing preference for fast, efficient, highly scalable, and non-volatile memory devices in several end-use industries.

“North America will dominate the magneto resistive RAM (MRAM) market in near future.”

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.

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Major players of magneto resistive RAM (MRAM) market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Avalanche, CROCUS, Honeywell, Samsung, Everspin, Toshiba, Spin Memory, NVE  Corporation, Intel, Infineon are among the major magneto resistive RAM (MRAM) providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/magneto-resistive-ram-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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