Magneto Resistive RAM Market Share 2022 | Industry Size and Forecast 2030

The Market Statsville Group (MSG) publishes the new report on the "Magneto Resistive RAM Market by Type (Toggle MRAM and Spin-transfer Torque MRAM), by Offering (Stand-alone and Embedded), by Application (Consumer Electronics, Robotics, Enterprise Storage, Automotive, Aerospace and Defense, and Other Applications), by Region - Global Share and Forecast to 2030". The global magneto resistive RAM market size is expected to grow from USD 270.1 million in 2021 to USD 12,876.2 million by 2030, at a CAGR of 62.1% during the forecast period. MRAM's primary target applications include stand-alone, where the focus is to replace battery-backed SRAM or DRAM; embedded non-volatile memory for replacing NOR eFlash; mobile cache for replacing SRAM for low performance; and last level cache for faster dense memory for L3 or L4 cache are expected to push the demand augmented by its demand from IoT, automotive, automation, ICs, images sensors, etc.

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The market is witnessing the first commercial products of embedded MRAM; for instance, in 2020, Sony's CXD5605 GPS SoC manufactured by Samsung (28nm FDSOI), which was found in Huawei's smartwatches had eMRAM die with STT-MRAM cell on M6, 28FDS SOI wafer used, and cell size 0.0361 µm2. Such developments indicate that several eMRAM-based devices are expected to enter volume production. MRAM is expected to see faster growth compared to its peers in the memory market, owing to the added benefits and proliferation of technologies, such as IoT, 5G, edge computing, AI, and ML.

Global Magneto Resistive RAM Market Segmentation
The magneto resistive RAM market has been segmented into type, offering, application, and region.

By Type (Toggle MRAM and Spin-transfer Torque MRAM)
By Offering (Stand-alone and Embedded)
By Application (Consumer Electronics, Robotics, Enterprise Storage, Automotive, Aerospace and Defense, and Other Applications)
By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Stand-alone, by offering, is estimated to hold the largest market share

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The global magneto resistive RAM market is segregated into Stand-alone and Embedded based on offering. The Stand-alone segment generated the highest revenue of 67.2% of the global magneto resistive RAM market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. MRAM enables the next-gen of embedded devices supporting technologies, like AI, IoT, and advanced networking in the data center, at the edge, and in the endpoint applications. Moreover, stand-alone MRAM has become an important non-volatile cache and buffer for many applications. Providing MRAM for all these applications requires good MTJ design and testing in the production environment.

Stand-alone MRAM Applications include NVMe SSDs, NVDIMMS, and mobile applications. Inherent speed and NV status can replace DRAM without batteries/capacitor or backup algorithms. SSD with MRAM instead of DRAM can prevent data corruption without battery or Capacitor and can have very low latency (

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This release was published on openPR.