Market Research Global MRAM Market Analysis 2018 | страница 2

- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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MIR Announces the Publication of its Research Report Global MRAM Market 2018-2022
MIR recognizes the following companies as the key players in the global MRAM market: Avalanche
Technology, Everspin Technologies, and Crocus Nanoelectronics.
Get full access to this report at https://www.marketinsightsreports.com/reports/0227267974/global-
mram-market-2018-2022
Commenting on the report, an analyst from MIR's team said: The latest trend gaining momentum in
the market is Integration of MRAM in smartphone market. In the forecast period, MRAM will be
integrated into the smartphones because of the following advantages: MRAM technology retains its
data when the power is removed, MRAM offers a higher read write speed compared with other
technologies such as flash and EEPROM, MRAM data does not degrade over time and MRAM consumes
a comparatively low level of power
According to the report, one of the major drivers for this market is Low-power consumption. MRAM
technologies are mostly used in battery-powered wireless sensors, as they consume almost 50% less
power than other flash memories. This increases the battery life to a great extent. Moreover, the low-
power consumption also provides the OEMs to integrate MRAM technology into the devices.
Furthermore, MRAM module has unique features such as faster access time and non-volatile data
storage compared with other memory technologies. This gives MRAM technology an additional benefit
over other RAMs, along with the lower-power consumption factor.
Further, the report states that one of the major factors hindering the growth of this market is Memory
density issue. The common memory density for MRAM is 256 kb, 1 Mb, and 4 Mb to 16 Mb. As of 2017,
the largest MRAM chip is 256 Mb. However, the storage devices such as data servers and cloud-based
devices require more than 1Gb storage to store data. The density of the memory module is very less,
and thus the OEMs are not adopting the MRAM module. This decreases the adoption and sales of the
MRAM modules. Therefore, vendors such as Everspin Technologies are working to improve the density
of the MRAM module. In November 2016, Everspin Technologies announced that it would display
industrys first 1Gb STT MRAM designed with its pMTJ, which is being processed by GlobalFoundries.
Also, by 2018, Everspin Technologies is expected to launch 1Gb MRAM chip.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.