Global MRAM Market Trends, Drivers, Challenges and Growth Mar-2017

Global MRAM Market 2017-2021
The MRAM Market report contains a comprehensive market and vendor landscape in addition to a
SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global MRAM market: Avalanche Technology, Crocus Nanoelectronics, and Everspin Technologies. Other
Prominent Vendors in the market are CANON ANELVA, Cobham, Crocus Technology, FUJITSU, Honeywell
International, SK Hynix, and Spin Transfer Technologies.
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Market Trend
One trend in MRAM market is reduction in chip area. Researchers from Tohoku University, Japan, have
developed MRAM with a reduced chip area by 30% and improved memory yield by 70%. The new
technology helps to stack magnetic tunnel junctions (MTJ) directly on the vertical interconnect access
(via) while avoiding the electric/magnetic interferences. This helps reduce the size of the memory chip,
thus making it cost-effective.
This will also garner more demand from different industries using memories like SRAM and DRAM and
make them more viable for commercialization. It is expected that the new reduced area of the MRAM
will replace DRAM in all the electronic devices it is used. A 2-Mbit STT-MRAM test chip was developed
by the researchers to test the success of the new technology.
Market Driver
one driver in MRAM market is growing Internet of things (IoT) and big data operations. There will be
around 30 billion Internet-connected devices worldwide by 2020, which will be a major revenue
generator for data center storage market as growing connected devices will lead to the generation of
high volumes of data. Many industries such as manufacturing, utilities, retail, automotive, and social
media use IoT.
IoT devices demand an energy-efficient network of smart nodes that need to be always powered on,
always connected, and always aware, with low active duty cycles. The present IoT devices rely on both
nonvolatile storage and volatile working memory simultaneously. Manufacturers have introduced a
unified memory subsystem that is built on embedded STT-MRAM. This improves the IoT energy
efficiency dramatically. Thus, STT-MRAM will witness a high demand from IoT device applications. Cloud
computing and data analytics will significantly aid the growth of IoT.
Market Challenge
one challenge in MRAM market is logistics issues. Since MRAM is new and upcoming technology and still
in the experimental stage, the companies manufacturing MRAM do not have a fair estimation of the
demand and supply. Companies like Everspin, one of the leading players in the MRAM market, have
uncertainties regarding the purchase order made by the customers. Many customers underestimate or
overestimate or delay the orders, making it difficult for the manufacturers to judge their production