How big is the MRAM Market?

The MRAM Market size is expected to reach USD 2.01 billion in 2024 and grow at a CAGR of 62.12% to reach USD 22.58 billion by 2029. Read More

What is the current MRAM Market size?

In 2024, the MRAM Market size is expected to reach USD 2.01 billion. Read More

Who are the key players in MRAM Market?

Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Avalanche Technology Inc. and Samsung Electronics Co. Ltd are the major companies operating in the MRAM Market. Read More

Which is the fastest growing region in MRAM Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in MRAM Market?

In 2024, the North America accounts for the largest market share in MRAM Market. Read More

What years does this MRAM Market cover, and what was the market size in 2023?

In 2023, the MRAM Market size was estimated at USD 1.24 billion. The report covers the MRAM Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the MRAM Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

MRAM Market - Magneto Resistive RAM

MRAM Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Magneto Resistive RAM (MRAM) Market is Segmented by Type (Toggle MRAM and Spin-transfer Torque MRAM), Application (Consumer Electronics, Robotics, Automotive, Enterprise Storage, and Aerospace and Defense), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Magneto Resistive RAM (MRAM) Industry Overview

The magneto resistive RAM (MRAM) market is competitive. The major players with a prominent market share are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

January 2022 - Samsung Electronics, a world leader in advanced semiconductor technology, demonstrated the world's first in-memory computing based on MRAM (Magneto-resistive Random Access Memory). The research was carried out by the Samsung Advanced Institute of Technology (SAIT) in collaboration with the Samsung Electronics Foundry Business and Semiconductor R&D Center. In line with this technological development, Samsung aims to merge memory and system semiconductors for next-generation artificial intelligence (AI) chips, along with strengthening its market position.
May 2022 - Everspin launched its new product, the EMxxLX xSPI MRAM, a non-volatile memory solution, for applications in industrial IoT and embedded systems. It aims to provide its customers with an alternative to SPI NOR/NAND flash, along with densities ranging between 8MB and 64MB and much faster R/W data rates of up to 400MB/s.