QYResearch: Magneto Resistive RAM (MRAM) Market Worth $134 Million By 2022 ● Industry Report ●Survey and Research ●Maket Analysis ●Research Report
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Songbin Company
QYResearch Center qyresearchglobal.com
The Global Magneto Resistive RAM (MRAM) market is expected to reach USD 134 Million by 2022, according to a new study by QYResearch, Inc. Non-volatile memories, such as MRAM and Resistive random Access Memory (RRAM/ReRAM), are expected to replace the existing volatile memories such as Dynamic Random Access Memory (DRAM) and Static Random-Access Memory (static RAM or SRAM). The replacement would be possible due to different benefits offered by the advance nonvolatile memories. The existing flash memories are facing technological limits; and their further advancements are expected to increase their costs, thus, leading to the invention of nonvolatile memories that are capable of avoiding data loss on power discharge. qyresearchglobal.com
The standalone markets, such as wearables, embedded Multipoint Control Unit (MCU)s, smart cards, and storage class memories for enterprise storage, are expected to offer immense opportunities to the market. The first generation MRAM and second generation Spin-Transfer Torque MRAM (STT-MRAM) are expected to replace traditional DRAMs and SRAMs. Initially, the prices associated with these memories are expected to be high, which would reduce with the increasing rates of developments. Moreover, the increasing demand of these memories is predicted to promote the demand for equipment, used in their manufacturing. The manufacturing of these memories require specialized fabrication equipment, similar to those used in magnetic read sensors. Thus, promoting the growth of capital equipment required for manufacturing of non-volatile memories equipment. qyresearchglobal.com
Further key findings from the study suggest: The North American region dominated the market, accounting for more than 36% of the total market revenue, owing to the presence of leading players and growing R&D activities STT-MRAM is expected to maintain market dominance due to its wide application, higher performance, thermal stability, and greater compatibility The Asia Pacific region is predicted to emerge as the fastest-growing market due to the increased penetration of cloud computing and improvements in the present infrastructures of data centers, in developing nations Strategic partnerships accompanied, by the increasing innovation and research & development activities, are being observed in the industry qyresearchglobal.com
The prominent vendors operating in the market include EverSpin NVE Corporation Honeywell Avalanche Technology Inc. Grand View Research has segmented the global Magneto Resistive RAM (MRAM) market based on type, application, and region: MRAM Type Outlook (Revenue, USD Million; 2012- 2022) Toggle MRAM
Spin-Transfer Torque MRAM (STT-MRAM) MRAM Application Outlook (Revenue, USD Million; 2012 - 2022) Consumer Electronics Robotics Automotive Enterprise Storage Aerospace & Defense Others
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