PUBLISHER: KBV Research | PRODUCT CODE: 1585012
PUBLISHER: KBV Research | PRODUCT CODE: 1585012
North America Magneto Resistive RAM Market Size, Share & Trends Analysis Report By Material (Spin-Transfer Torque MRAM (STT-MRAM) and Toggle MRAM), By Application, By Country and Growth Forecast, 2024 - 2031
The North America Magneto Resistive RAM Market would witness market growth of 37.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Magneto Resistive RAM Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,241.7 million by 2031. The Canada market is experiencing a CAGR of 40.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 39.1% during (2024 - 2031).
Magneto resistive RAM (MRAM) is a non-volatile memory technology that uses magnetic storage elements to store data. Unlike traditional memory types such as Dynamic Random-Access Memory (DRAM) or Static Random-Access Memory (SRAM), which use electrical charges or transistors to hold information, MRAM stores data through the magnetic orientation of elements. This means that MRAM can retain data even when power is turned off, making it non-volatile, similar to flash memory, but with significantly faster read and write speeds.
MRAM works based on the principle of magnetoresistance, where the resistance of a material changes when exposed to a magnetic field. In MRAM, data is stored by creating a magnetic field in tiny magnetic regions called magnetic tunnel junctions (MTJs). These MTJs consist of two layers of ferromagnetic material separated by a thin insulating barrier. One of these layers has a fixed magnetic orientation, while the other layer's orientation can be changed using electrical currents. When the magnetic orientations of these two layers are aligned (parallel), the resistance is low, representing a binary "0." The resistance is high when the orientations are opposed (antiparallel), representing a binary "1." This allows MRAM to store bits of data using different resistance states.
Enterprises in Mexico are increasingly looking for memory solutions that offer both speed and reliability to manage the large amounts of data generated by digital businesses. MRAM's non-volatility and ability to retain data even during power outages make it an ideal solution for data centers aiming to reduce energy consumption while maintaining data integrity. The Mexican government has supported digital transformation through initiatives such as the Digital Economy Strategy, which encourages investment in IT infrastructure and cloud services. Hence, this collective push towards more reliable and efficient memory solutions positions North America as a critical player in the market.
Based on Material, the market is segmented into Spin-Transfer Torque MRAM (STT-MRAM) and Toggle MRAM. Based on Application, the market is segmented into Enterprise Storage, Consumer Electronics, Robotics, Automotive, Aerospace & Defense, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Honeywell International, Inc.
- Infineon Technologies AG
- Intel Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Renesas Electronics Corporation
- Micron Technology, Inc.
- Everspin Technologies, Inc.
- NVE Corporation
- Avalanche Technology Inc.
- Crocus Technology, Inc.
North America Magneto Resistive RAM Market Report Segmentation
By Material
- Spin-Transfer Torque MRAM (STT-MRAM)
- Toggle MRAM
By Application
- Enterprise Storage
- Consumer Electronics
- Robotics
- Automotive
- Aerospace & Defense
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Magneto Resistive RAM Market, by Material
- 1.4.2 North America Magneto Resistive RAM Market, by Application
- 1.4.3 North America Magneto Resistive RAM Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. North America Magneto Resistive RAM Market by Material
- 5.1 North America Spin-Transfer Torque MRAM (STT-MRAM) Market by Country
- 5.2 North America Toggle MRAM Market by Country
Chapter 6. North America Magneto Resistive RAM Market by Application
- 6.1 North America Enterprise Storage Market by Country
- 6.2 North America Consumer Electronics Market by Country
- 6.3 North America Robotics Market by Country
- 6.4 North America Automotive Market by Country
- 6.5 North America Aerospace & Defense Market by Country
- 6.6 North America Other Application Market by Country
Chapter 7. North America Magneto Resistive RAM Market by Country
- 7.1 US Magneto Resistive RAM Market
- 7.1.1 US Magneto Resistive RAM Market by Material
- 7.1.2 US Magneto Resistive RAM Market by Application
- 7.2 Canada Magneto Resistive RAM Market
- 7.2.1 Canada Magneto Resistive RAM Market by Material
- 7.2.2 Canada Magneto Resistive RAM Market by Application
- 7.3 Mexico Magneto Resistive RAM Market
- 7.3.1 Mexico Magneto Resistive RAM Market by Material
- 7.3.2 Mexico Magneto Resistive RAM Market by Application
- 7.4 Rest of North America Magneto Resistive RAM Market
- 7.4.1 Rest of North America Magneto Resistive RAM Market by Material
- 7.4.2 Rest of North America Magneto Resistive RAM Market by Application
Chapter 8. Company Profiles
- 8.1 Honeywell International, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 SWOT Analysis
- 8.2 Infineon Technologies AG
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 SWOT Analysis
- 8.3 Intel Corporation
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 Samsung Electronics Co., Ltd. (Samsung Group)
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Product Launches and Product Expansions:
- 8.4.6 SWOT Analysis
- 8.5 Renesas Electronics Corporation
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.5.6 SWOT Analysis
- 8.6 Micron Technology, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 SWOT Analysis
- 8.7 Everspin Technologies, Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
- 8.8 NVE Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Research & Development Expenses
- 8.8.4 SWOT Analysis
- 8.9 Avalanche Technology Inc.
- 8.9.1 Company Overview
- 8.10. Crocus Technology, Inc.
- 8.10.1 Company overview
LIST OF TABLES
- TABLE 1 North America Magneto Resistive RAM Market, 2020 - 2023, USD Million
- TABLE 2 North America Magneto Resistive RAM Market, 2024 - 2031, USD Million
- TABLE 3 North America Magneto Resistive RAM Market by Material, 2020 - 2023, USD Million
- TABLE 4 North America Magneto Resistive RAM Market by Material, 2024 - 2031, USD Million
- TABLE 5 North America Spin-Transfer Torque MRAM (STT-MRAM) Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Spin-Transfer Torque MRAM (STT-MRAM) Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Toggle MRAM Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Toggle MRAM Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Magneto Resistive RAM Market by Application, 2020 - 2023, USD Million
- TABLE 10 North America Magneto Resistive RAM Market by Application, 2024 - 2031, USD Million
- TABLE 11 North America Enterprise Storage Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Enterprise Storage Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Consumer Electronics Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Consumer Electronics Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Robotics Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Robotics Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Automotive Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Automotive Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Aerospace & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Aerospace & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Magneto Resistive RAM Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Magneto Resistive RAM Market by Country, 2024 - 2031, USD Million
- TABLE 25 US Magneto Resistive RAM Market, 2020 - 2023, USD Million
- TABLE 26 US Magneto Resistive RAM Market, 2024 - 2031, USD Million
- TABLE 27 US Magneto Resistive RAM Market by Material, 2020 - 2023, USD Million
- TABLE 28 US Magneto Resistive RAM Market by Material, 2024 - 2031, USD Million
- TABLE 29 US Magneto Resistive RAM Market by Application, 2020 - 2023, USD Million
- TABLE 30 US Magneto Resistive RAM Market by Application, 2024 - 2031, USD Million
- TABLE 31 Canada Magneto Resistive RAM Market, 2020 - 2023, USD Million
- TABLE 32 Canada Magneto Resistive RAM Market, 2024 - 2031, USD Million
- TABLE 33 Canada Magneto Resistive RAM Market by Material, 2020 - 2023, USD Million
- TABLE 34 Canada Magneto Resistive RAM Market by Material, 2024 - 2031, USD Million
- TABLE 35 Canada Magneto Resistive RAM Market by Application, 2020 - 2023, USD Million
- TABLE 36 Canada Magneto Resistive RAM Market by Application, 2024 - 2031, USD Million
- TABLE 37 Mexico Magneto Resistive RAM Market, 2020 - 2023, USD Million
- TABLE 38 Mexico Magneto Resistive RAM Market, 2024 - 2031, USD Million
- TABLE 39 Mexico Magneto Resistive RAM Market by Material, 2020 - 2023, USD Million
- TABLE 40 Mexico Magneto Resistive RAM Market by Material, 2024 - 2031, USD Million
- TABLE 41 Mexico Magneto Resistive RAM Market by Application, 2020 - 2023, USD Million
- TABLE 42 Mexico Magneto Resistive RAM Market by Application, 2024 - 2031, USD Million
- TABLE 43 Rest of North America Magneto Resistive RAM Market, 2020 - 2023, USD Million
- TABLE 44 Rest of North America Magneto Resistive RAM Market, 2024 - 2031, USD Million
- TABLE 45 Rest of North America Magneto Resistive RAM Market by Material, 2020 - 2023, USD Million
- TABLE 46 Rest of North America Magneto Resistive RAM Market by Material, 2024 - 2031, USD Million
- TABLE 47 Rest of North America Magneto Resistive RAM Market by Application, 2020 - 2023, USD Million
- TABLE 48 Rest of North America Magneto Resistive RAM Market by Application, 2024 - 2031, USD Million
- TABLE 49 Key Information - Honeywell International, Inc.
- TABLE 50 Key Information - Infineon Technologies AG
- TABLE 51 Key Information - Intel Corporation
- TABLE 52 Key Information - Samsung Electronics Co., Ltd.
- TABLE 53 Key Information - Renesas Electronics Corporation
- TABLE 54 key information - Micron Technology, Inc.
- TABLE 55 Key Information - Everspin Technologies, Inc.
- TABLE 56 Key Information - NVE Corporation
- TABLE 57 Key Information - Avalanche Technology Inc.
- TABLE 58 Key Information - Crocus Technology, Inc.
