Skip to main content

Global Magneto Resistive RAM (MRAM) Market: Continued Demand for STT-MRAM to Create Growth Opportunities, predicts TMR

Global Magneto Resistive RAM (MRAM) Market: Snapshot
On account of the rising demand for fast, scalable, low power consuming, and non-volatile memory devices, especially in the automotive, enterprise storage, and aerospace and defense sectors, the global market for magneto resistive RAM (MRAM) is likely to gain significant impetus over the forthcoming years.
In 2015, the worldwide MRAM market stood at US$41.2 mn. Supported by the infinite cycling endurance and high speed reading/writing capabilities of MRAM, the opportunity in this market is likely to expand at a CAGR of 44.10% between 2016 and 2024 and reach a value of US$869.7 mn by 2024.
Enterprise Storage Sector to Report Strong Demand for MRAM
The enterprise storage, consumer electronics, automotive, robotics, aerospace and defense sectors have emerged as the key application areas of MRAM. Among these, MRAM finds the most prominent application in the enterprise storage sector. In enterprise storage solutions, the deployment of MRAM improves the networking and data center fault recovery systems, reducing the overall system downtime to a great extent, and eventually, decreasing the total operational cost. Over the coming years, this factor is likely to add significantly to the popularity of MRAM and will lead to a remarkable increase in their demand in the enterprise storage sector.
Nowadays, several consumer electronics applications utilize technologically advanced memory devices in a bid to gain reliability, ensure data integrity, and enable low energy consumption, which in turn, is anticipated to create lucrative opportunities for the global market for MRAM in the coming years.
This 105-page report gives readers a comprehensive overview of the Magneto Resistive RAM (MRAM) Market. Browse to unlock the hidden opportunities in this market@
Asia Pacific to Remain Leading Contributor to Global MRAM Market
On the geographical front, Asia Pacific has surfaced as the leading contributor to the global MRAM market. The ongoing development of the data center infrastructure in this region, thanks to the rising penetration of internet and the robust usage of cloud computing, is acting at the key driving factor behind the growth of the Asia Pacific MRAM market. Researchers expect this regional market to remain dominant over the forecast period.
North America emerged second in the global market for MARM in 2015. Supported by a strong concentration of key vendors and the rise in research and development activities, the North America market for MRAM is likely to retain its position during the period of forecast. Apart from this, the growing need to curtail data consumption, together with the increasing number of computationally intensive applications, is projected to boost the demand for fast and highly scalable memory solutions in North America, which is anticipated to create attractive growth opportunities for MRAM manufacturers over the next few years. On the other hand, Europe is likely to experience a moderate demand for MRAM devices in the near future.
NVE Corp., Hewlett-Packard Enterprise, Avalanche Technology Inc., Everspin Technologies Inc., Honeywell International Inc., Spin Transfer Technologies, Toshiba, Samsung Electronics Co. Ltd., and Intel Corp. are some of the leading vendors of MRAM across the world. The leading players in this market are investing heavily for the development of technologically advanced MRAM and are expected to focus on product innovation in the coming years.

Comments

Post a Comment

Popular posts from this blog

Mobile Printing Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Mobile printing let end-users print documents when they are in traditional network of away from it The mobile printing enables end-users to print from their devices to any mobile printing application enabled printer located in the office, public print location or at home. Mobile printing is wireless and provides high degree of efficiency to its end-users. It uses 802.11 networking or Bluetooth to communicate and can be used on both local area network (LAN) and wide area network (WAN). Thermal based technology is being used in mobile printing to provide high quality output. There are two types of thermal printing methods which are uses in mobile printing namely direct thermal and thermal transfer. With the help of mobile printing technology the security of the device and system will be enhanced, as an individual is able to set password to prevent unauthorized access, in case of remote printing over internet.. Furthermore, mobile printing reduces need for individual printers on every d
Post a Comment
Read more

Growing Industrialization will Influence the Oil Condition Monitoring Market Growth

Major players in the global oil condition monitoring market are Bureau Veritas, Intertek, Parker Hannifin Corporation, Castrol Limited, Spectro Analytical Instruments, General Electric Company, and Insight Services Unveils TestOil Oil is an important resource used in various machineries and engines in order to provide lubrication and for temperature regulation. After prolonged usage, oil starts to lose out on its properties and becomes less functional. Using such oil can damage the engine or machinery in which it is being used. Hence, it is necessary to keep a check on the condition of oil and replace or upgrade it after its optimum usage. Oil condition monitoring means keeping a timely check on the quality of oil that is being deployed in the system and taking the necessary steps so that the oil serves its purpose to the fullest. The monitoring also helps in increasing the efficiency of the machine, reduces downtime, and reduces cost, thereby increasing profits. Request A Sampl
Post a Comment
Read more

Communications Electronics Cooling Systems Market Growth to be Stimulated by Brisk Technological Expansions

The Electronic cooling systems have wide range of applications in many industrial domains for their nature of keeping the electronic device cool and maintain the temperatures optimally required by the device. There are various cooling techniques that includes heat sinks, thermoelectric coolers, forced air systems, fans, and heat pipes. However in case of low environmental temperatures, the devices may require to heat it to maintain the temperature required by the device to achieve satisfactory operation. Also the electronic circuits generate lots of heat and thus maintaining the temperature increases the reliability and shelf life of the device. These electronic cooling systems have wide applications in personal computers, soldering, batteries, and other electronic component and devices. There are software that are designed for thermal simulation of electronic devices. There are various methods through which heat is being sink in the devices that includes cold plates, fans, high condu
Post a Comment
Read more