PUBLISHER: Lucintel | PRODUCT CODE: 1263921
PUBLISHER: Lucintel | PRODUCT CODE: 1263921
The future of the MRAM memory market looks promising with opportunities in the consumer electronics, robotics, automotive, enterprise storage, and aerospace and defense industries. The global MRAM memory market is expected to reach an estimated $0.45 billion by 2028 with a CAGR of 45% from 2023 to 2028.
The major drivers for this market are increasing demand for wearable devices, high adoption of IoT devices, advancements in computing technology, and rising adoption of MRAM memories in aerospace and defence industry to store high-temperature data.