MRAM Market Size to Grow by USD 952.71 Million |Evolving Opportunities with Honeywell International Inc. and Fujitsu Ltd. | Technavio

NEW YORK, March 25, 2022 /PRNewswire/ — The MRAM market size is will grow by USD 952.71 million from 2019 to 2024, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 39% during the forecast period. 

Technavio has announced its latest market research report titled MRAM Market by Type, End-user, and Geography - Forecast and Analysis 2020-2024

Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Free Sample Report

MRAM Market Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. 

Some of the key vendors and their key offerings include:

  • Fujitsu Ltd.: The company offers MRAM through device solutions business segment.
  • Honeywell International Inc.:The company offers MRAM corresponds to STT MRAM and T MRAM.
  • Intel Corp.:The company offers MRAM through its Non-Volatile Memory Solutions Group segment.
  • QUALCOMM Inc.:The company offers MRAM corresponds to STT MRAM and T MRAM. The company operates in key business segments including Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI).
  • Samsung Electronics Co. Ltd.:The company offers MRAM through component solution business segment.

Download Sample Report for more insights on the strategic initiatives by each contributing vendor

MRAM Market Segment Analysis

  • Type
    • STT MRAM

      STT MRAM account for the largest market share in 2019. The segment will continue to account for the largest market share during the forecast period. STT MRAM consumes low power and has better scalability when compared to conventional T MRAM. It has fast read and write times, small cell sizes, and is compatible with existing DRAM and SRAM technologies.
    • T MRAM
  • Geography
    • North America

      32% of the market’s growth will originate from North America during the forecast period. The US is the key market for MRAM in North America. Market growth in this region will be slower than the growth of the market in the South American and APAC regions. The presence of leading players and growing R&D will facilitate the MRAM market growth in North America over the forecast period. 
    • APAC
    • Europe
    • South America
    • MEA
  • End-user
    • Automotive And A And D
    • Enterprise Storage
    • Consumer Electronics
    • Robotics

View Report Outlook as you get the contribution of each segment

MRAM Market Scope

Technavio categorizes the global MRAM market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. Our report provides extensive information on the value chain analysis for the MRAM market, which vendors can leverage to gain a competitive advantage during the forecast period.

The report also covers the following areas:

  • MRAM Market size
  • MRAM Market trends
  • MRAM Market industry analysis

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MRAM Market Takeaways

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist MRAM market growth during the next five years
  • Estimation of the MRAM market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the MRAM market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of MRAM market vendors

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MRAM Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 39%

Market growth 2020-2024

$ 952.71 million

Market structure


YoY growth (%)


Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 32%

Key consumer countries


Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Avalanche Technology Inc., CROCUS NANO ELECTRONICS LLC, Everspin Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Honeywell International Inc., Infineon Technologies AG, Intel Corp., QUALCOMM Inc., and Samsung Electronics Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Automotive and A and D – Market size and forecast 2019-2024
  • Enterprise storage – Market size and forecast 2019-2024
  • Consumer electronics – Market size and forecast 2019-2024
  • Robotics – Market size and forecast 2019-2024
  • Market opportunity by End user

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • STT MRAM – Market size and forecast 2019-2024
  • T MRAM – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Avalanche Technology Inc.
  • Everspin Technologies Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • Intel Corp.
  • Samsung Electronics Co. Ltd.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research

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