Global Magneto Resistive RAM (MRAM) Market Is Boosted By Increasing Demand For Wearable

Global Magneto Resistive RAM (MRAM) Market is expected to reach $807 Million by 2024 from $52 Million in 2016, growing at a CAGR of 40.9% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 42.0% and 41.6%, respectively, during the forecast period. Magneto Resistive RAM (MRAM) is a non-volatile RAM memory technology, which uses magnetic properties to store data. MRAM backs up data even if the power goes off and needs only a small amount of electricity to store data.

Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/magneto-resistive-ram-market

The major driving factor for global MRAM market is increasing demand for wearable and flexible electronics from rising economies. Also, the key factors driving the global MRAM market are characteristics such as high reading and writing capacity, high speed, high endurance, and less electricity consumption.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/magneto-resistive-ram-market/toc

The global MRAM market is segmented on the product, application, and geography. The product segment is further bifurcated into toggle magneto resistive RAM, and second generation magneto resistive RAM (SST MRAM). Application segment is bifurcated into automotive, robotics, aerospace & defense, enterprise storage, consumer electronics, and others. Enterprise storage application accounted for the highest share follower by automotive application, in the year 2016.

By geography the MRAM market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). In global MRAM market, Asia-Pacific is the fastest growing region owing to increasing demand for wearable and flexible electronics, high penetration of internet and usage of IOT. Also in the year 2016, Asia-Pacific dominated the market with the highest share followed by North America.

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/magneto-resistive-ram-market/sample-request

The key players of MRAM market includes Intel Corp., Samsung Electronics Co. Ltd., Hewlett-Packard Enterprise, Avalanche Technologies, Everspin Technologies Inc., Nippon Electric Company Ltd., Honeywell International Inv., NVE Corporation, Toshiba, Infineon Technologies, and NXP Semiconductors, among others.

Scope of Magneto Resistive RAM (MRAM) Market
Product Segments
• Toggle Magneto Resistive RAM
• Second-Generation Magneto Resistive RAM (STT MRAM)

Application Segments
• Automotive
• Enterprise Storage
• Consumer Electronics
• Robotics
• Aerospace & Defense
• Others

Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
o Italy
o Others
• Asia-Pacific
o China
o Japan
o India
o Others
• RoW
o South America
o Middle East
o Africa

About Us :

Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."

The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, "We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry." We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company's future ahead with our support and your esteemed cooperation.

Contact Us:

VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
Address:
649 Mission St., 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786

This release was published on openPR.