The global Magneto Resistive RAM (MRAM) Market is
expected to reach USD 4.80 billion by 2025, according to a new study by Grand
View Research, 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 non-volatile 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
non-volatile memories that are capable of avoiding data loss on power
discharge.
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.
The market may face challenges due to its complex
structure and high costs of manufacturing of memories. However, these
challenges can be circumvented by technological advancements and increased
production.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/magneto-resistive-ram-random-access-memory-mram-market
http://www.grandviewresearch.com/industry-analysis/magneto-resistive-ram-random-access-memory-mram-market
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
- The prominent vendors operating in the market include Avalanche
Technology, Inc., Everspin Technologies, Inc., Spin Transfer Technologies,
Toshiba Corporation, and Crocus Nano Electronics LLC
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com