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


MRAM Market Vendor Analysis

The market is fragmented and the degree of fragmentation will accelerate over the forecast period. To take advantage of current opportunities, market vendors need to strengthen their presence in fast-growing segments while maintaining their positions in slow-growing segments.

Some of the top vendors and their key offerings include:

  • Fujitsu Ltd. : The Company offers MRAMs through the Device Solutions business segment.
  • Honeywell International Inc.:The company offers MRAMs corresponding 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 MRAMs corresponding 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 MRAMs through the Component Solutions business segment.

Download sample report for more information on each contributing vendor’s strategic initiatives

MRAM Market Segment Analysis

  • Type
    • STT MRAM
      STT MRAM accounts for the largest market share in 2019. The segment will continue to account for the largest market share during the forecast period. STT MRAM is low power consuming and has better scalability 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 market growth will come from North America during the forecast period. The United States is the key market for MRAM in North America. Market growth in this region will be slower than market growth in South America and APAC regions. The presence of prominent players and increasing R&D will facilitate the growth of the MRAM market in North America over the forecast period.
    • APAC
    • Europe
    • South America
    • AEM
  • Final user

View Outlook report as you get input from each segment

MRAM Market Scope

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

The report also covers the following areas:

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MRAM Market Takeaways

  • Market CAGR over the forecast period 2020-2024
  • In-depth information on factors that will contribute to the growth of the MRAM market over 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
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Complete details of factors that will challenge the growth of the MRAM Market vendors

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MRAM Market Scope

Report cover


Page number


base year


Forecast period


Growth momentum and CAGR

Accelerate at a CAGR of 39%

Market Growth 2020-2024

$952.71 million

Market structure


Annual growth (%)


Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

North America at 32%

Main consumer countries


Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered


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

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by end user

  • Market segments
  • Comparison by end user location
  • Automotive and A&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

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
  • Main leading countries
  • Market Opportunity by Geography

Drivers, challenges and trends

  • Market factors
  • Volume Driver – Demand Driven Growth
  • Volume Driver – Supply Driven Growth
  • Volume Driver – External Factors
  • Volume Driver – Shifting Demand to Adjacent Markets
  • Price Driver – Inflation
  • Price Driver – Moving from lower priced units to higher priced units
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Avalanche Technology Inc.
  • Everspin Technologies Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • Honeywell International Inc.
  • Infineon Technologies SA
  • Intel Corp.
  • Samsung Electronics Co.Ltd.


  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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