(Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO )
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 full research report with TOC on “Magneto Resistive RAM (MRAM) Market Analysis By Type (Toggle, Spin-Transfer Torque), By Application (Consumer Electronics, Robotics, Automotive, Enterprise Storage, Aerospace), By Region, And Segment Forecasts, 2014 – 2025“ at: http://www.grandviewresearch.com/industry-analysis/magneto-resistive-ram-random-access-memory-mram-market
Further key findings from the report 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
Browse related reports by Grand View Research:
Grand View Research has segmented the global Magneto Resistive RAM (MRAM) market based on type, application, and region:
- MRAM Type Outlook (Revenue, USD Million; 2014- 2025)
- Toggle MRAM
- Spin-Transfer Torque MRAM (STT-MRAM)
- MRAM Application Outlook (Revenue, USD Million; 2014 – 2025)
- Consumer Electronics
- Enterprise Storage
- Aerospace & Defense
- MRAM Regional Outlook (Revenue, USD Million; 2014 – 2025)
- North America
- Asia Pacific
Read Our Blog: http://www.grandviewresearch.com/blogs/technology
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.
Corporate Sales Specialist, USA
Grand View Research, Inc
Toll Free: 1-888-202-9519
SOURCE Grand View Research, Inc.