TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 11
1.1 MARKET SUMMARY 11
2 MARKET INTRODUCTION 13
2.1 DEFINITION 13
2.2 SCOPE OF THE STUDY 13
2.3 MARKET STRUCTURE 13
3 RESEARCH METHODOLOGY 14
4 MARKET DYNAMICS 21
4.1 DRIVERS 21
4.1.1 INCREASING DEMAND FOR WEARABLES AND FLEXIBLE ELECTRONIC PRODUCTS 21
4.1.2 DISPLACEMENT OF LESS EFFICIENT MEMORY TECHNOLOGIES 22
4.1.3 DRIVERS IMPACT ANALYSIS 23
4.2 OPPORTUNITY 23
4.2.1 INTRODUCTION OF NEW PRODUCTS FOR EMBEDDED AND STANDALONE MEMORIES 23
4.2.2 USE OF MRAM IN AUTOMOTIVE AND UTILITIES 23
4.3 CHALLENGES 24
4.3.1 HIGH MANUFACTURING COST OF MRAM 24
4.4 COVID-19 IMPACT ANALYSIS 24
4.4.1 IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS 24
4.4.2 IMPACT ON THE GLOBAL MRAM MARKET 25
4.4.2.1 IMPACT ON SUPPLY CHAIN 25
4.4.2.2 PRICE VARIATION OF KEY RAW MATERIALS 25
4.4.2.3 PRODUCTION SHUTDOWN 26
4.4.2.4 IMPACT ON MARKET DEMAND 26
5 MARKET FACTOR ANALYSIS 27
5.1 VALUE CHAIN ANALYSIS 27
5.1.1 MATERIAL SUPPLIERS AND FOUNDRIES 27
5.1.2 COMPONENT MANUFACTURERS 27
5.1.3 SUB-SYSTEM INTEGRATORS/ASSEMBLERS 27
5.1.4 END-USE APPLICATIONS 27
5.2 PORTER’S FIVE FORCES 28
5.2.1 BARGAINING POWER OF SUPPLIERS 29
5.2.2 THREAT OF SUBSTITUTES 29
5.2.3 BARGAINING POWER OF BUYERS 29
5.2.4 INTENSITY OF RIVALRY 29
6 GLOBAL MRAM MARKET, BY PRODUCT 30
6.1 INTRODUCTION 30
6.2 TOGGLE MRAM 30
6.3 STT MRAM 30
7 GLOBAL MRAM MARKET, BY APPLICATION 31
7.1 INTRODUCTION 31
7.2 CONSUMER ELECTRONICS 31
7.3 ROBOTICS 32
7.4 AUTOMOTIVE 32
7.5 ENTERPRISE STORAGE 32
7.6 AEROSPACE & DEFENSE 32
8 GLOBAL MRAM MARKET, BY REGION 33
8.1 OVERVIEW 33
8.2 NORTH AMERICA 34
8.2.1 US 37
8.2.2 CANADA 38
8.2.3 MEXICO 39
8.3 EUROPE 40
8.3.1 GERMANY 43
8.3.2 UK 44
8.3.3 FRANCE 45
8.3.4 SPAIN 46
8.3.5 REST OF EUROPE 47
8.4 ASIA-PACIFIC 48
8.4.1 CHINA 51
8.4.2 JAPAN 52
8.4.3 INDIA 53
8.4.4 REST OF ASIA-PACIFIC 54
8.5 MIDDLE EAST & AFRICA 55
8.5.1 UAE 58
8.5.2 SAUDI ARABIA 59
8.5.3 SOUTH AFRICA 60
8.5.4 QATAR 61
8.5.5 REST OF MIDDLE EAST & AFRICA 62
8.6 SOUTH AMERICA 63
8.6.1 BRAZIL 65
8.6.2 ARGENTINA 66
8.6.3 REST OF SOUTH AMERICA 66
9 COMPETITIVE LANDSCAPE 68
9.1 OVERVIEW 68
9.2 MARKET SHARE ANALYSIS 69
9.3 COMPETITIVE BENCHMARKING 70
9.4 COMPETITOR DASHBOARD 71
9.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 71
9.5.1 PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS/SERVICE DEPLOYMENTS 71
10 COMPANY PROFILE 74
10.1 TOSHIBA CORPORATION 74
10.1.1 COMPANY OVERVIEW 74
10.1.2 FINANCIAL OVERVIEW 75
10.1.3 PRODUCTS OFFERED 75
10.1.4 KEY DEVELOPMENTS 76
10.1.5 SWOT ANALYSIS 76
10.1.6 KEY STRATEGIES 76
10.2 NVE CORPORATION 77
10.2.1 COMPANY OVERVIEW 77
10.2.2 FINANCIAL OVERVIEW 77
10.2.3 PRODUCTS OFFERED 78
10.2.4 KEY DEVELOPMENTS 78
10.2.5 SWOT ANALYSIS 79
10.2.6 KEY STRATEGIES 79
10.3 EVERSPIN TECHNOLOGIES INC 80
10.3.1 COMPANY OVERVIEW 80
10.3.2 FINANCIAL OVERVIEW 80
10.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
10.3.4 KEY DEVELOPMENTS 82
10.3.5 SWOT ANALYSIS 82
10.3.6 KEY STRATEGIES 83
10.4 AVALANCHE TECHNOLOGY INC 84
10.4.1 COMPANY OVERVIEW 84
10.4.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
10.4.3 KEY DEVELOPMENTS 85
10.4.4 KEY STRATEGIES 85
10.5 SPIN MEMORY, INC 86
10.5.1 COMPANY OVERVIEW 86
10.5.2 FINANCIAL OVERVIEW 86
10.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 86
10.5.4 KEY DEVELOPMENTS 86
10.5.5 KEY STRATEGIES 87
10.6 HONEYWELL INTERNATIONAL INC 88
10.6.1 COMPANY OVERVIEW 88
10.6.2 FINANCIAL OVERVIEW 89
10.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
10.6.4 KEY DEVELOPMENTS 89
10.6.5 SWOT ANALYSIS 90
10.6.6 KEY STRATEGIES 90
10.7 SAMSUNG ELECTRONICS CO. LTD 91
10.7.1 COMPANY OVERVIEW 91
10.7.2 FINANCIAL OVERVIEW 91
10.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 92
10.7.4 KEY DEVELOPMENTS 92
10.7.5 SWOT ANALYSIS 93
10.7.6 KEY STRATEGIES 93
10.8 NUMEM INC 94
10.8.1 COMPANY OVERVIEW 94
10.8.2 FINANCIAL OVERVIEW 94
10.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 94
10.8.4 KEY DEVELOPMENTS 94
10.8.5 KEY STRATEGIES 95
10.9 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 96
10.9.1 COMPANY OVERVIEW 96
10.9.2 FINANCIAL OVERVIEW 97
10.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 97
10.9.4 KEY DEVELOPMENTS 98
10.9.5 SWOT ANALYSIS 98
10.9.6 KEY STRATEGIES 98
LIST OF TABLES
TABLE 1 GLOBAL MRAM MARKET, BY LIFTING CAPACITY, 2024-2032(USD MILLION) 30
TABLE 2 GLOBAL MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 31
TABLE 3 GLOBAL MRAM MARKET, BY REGION, 2024-2032(USD MILLION) 33
TABLE 4 NORTH AMERICA MRAM MARKET, BY REGION, 2024-2032(USD MILLION) 34
TABLE 5 NORTH AMERICA MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 35
TABLE 6 NORTH AMERICA MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 36
TABLE 7 US: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 37
TABLE 8 US: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 37
TABLE 9 CANADA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 38
TABLE 10 CANADA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 38
TABLE 11 MEXICO: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 39
TABLE 12 MEXICO: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 39
TABLE 13 EUROPE MRAM MARKET, BY REGION, 2024-2032(USD MILLION) 40
TABLE 14 EUROPE MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 41
TABLE 15 EUROPE MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 42
TABLE 16 GERMANY: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 43
TABLE 17 GERMANY: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 43
TABLE 18 UK: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 44
TABLE 19 UK: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 44
TABLE 20 FRANCE: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 45
TABLE 21 FRANCE: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 45
TABLE 22 SPAIN: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 46
TABLE 23 SPAIN: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 46
TABLE 24 REST OF EUROPE: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 47
TABLE 25 REST OF EUROPE: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 47
TABLE 26 ASIA-PACIFIC MRAM MARKET, BY REGION, 2024-2032(USD MILLION) 48
TABLE 27 ASIA-PACIFIC MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 49
TABLE 28 ASIA-PACIFIC MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 50
TABLE 29 CHINA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 51
TABLE 30 CHINA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 51
TABLE 31 JAPAN: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 52
TABLE 32 JAPAN: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 52
TABLE 33 INDIA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 53
TABLE 34 INDIA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 53
TABLE 35 REST OF ASIA-PACIFIC: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 54
TABLE 36 REST OF ASIA-PACIFIC: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 54
TABLE 37 MIDDLE EAST MRAM MARKET, BY REGION, 2024-2032(USD MILLION) 55
TABLE 38 MIDDLE EAST MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 56
TABLE 39 MIDDLE EAST MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 57
TABLE 40 UAE: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 58
TABLE 41 UAE: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 58
TABLE 42 SAUDI ARABIA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 59
TABLE 43 SAUDI ARABIA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 59
TABLE 44 SOUTH AFRICA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 60
TABLE 45 SOUTH AFRICA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 60
TABLE 46 QATAR: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 61
TABLE 47 QATAR: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 61
TABLE 48 REST OF MIDDLE EAST: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 62
TABLE 49 REST OF MIDDLE EAST: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 62
TABLE 50 SOUTH AMERICA MRAM MARKET, BY REGION, 2024-2032(USD MILLION) 63
TABLE 51 SOUTH AMERICA MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 64
TABLE 52 SOUTH AMERICA MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 65
TABLE 53 BRAZIL: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 65
TABLE 54 BRAZIL: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 65
TABLE 55 ARGENTINA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 66
TABLE 56 ARGENTINA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 66
TABLE 57 REST OF SOUTH AMERICA: MRAM MARKET, BY PRODUCT, 2024-2032(USD MILLION) 66
TABLE 58 REST OF SOUTH AMERICA: MRAM MARKET, BY APPLICATION, 2024-2032(USD MILLION) 67
TABLE 59 COMPETITOR DASHBOARD: GLOBAL MRAM MARKET 71
TABLE 60 PRODUCT LAUNCHES/SERVICE DEPLOYMENTS 71
TABLE 61 TOSHIBA CORPORATION: PRODUCTS OFFERED 75
TABLE 62 TOSHIBA CORPORATION: KEY DEVELOPMENTS 76
TABLE 63 NVE CORPORATION: PRODUCTS OFFERED 78
TABLE 64 NVE CORPORATION: KEY DEVELOPMENTS 78
TABLE 65 EVERSPIN TECHNOLOGIES INC PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
TABLE 66 EVERSPIN TECHNOLOGIES INC: KEY DEVELOPMENTS 82
TABLE 67 AVALANCHE TECHNOLOGY INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
TABLE 68 AVALANCHE TECHNOLOGY INC: KEY DEVELOPMENTS 85
TABLE 69 SPIN MEMORY, INC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 86
TABLE 70 SPIN MEMORY, INC: KEY DEVELOPMENTS 86
TABLE 71 HONEYWELL INTERNATIONAL INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
TABLE 72 SAMSUNG ELECTRONICS CO LTD: PRODUCTS OFFERED 92
TABLE 73 SAMSUNG ELECTRONICS CO. LTD.: KEY DEVELOPMENTS 92
TABLE 74 NUMEM INC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 94
TABLE 75 NUMEM INC: KEY DEVELOPMENTS 94
TABLE 76 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED: PRODUCTS/SERVICES/ SOLUTIONS OFFERED 97
LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 12
FIGURE 2 GLOBAL MRAM MARKET: MARKET STRUCTURE 13
FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES 18
FIGURE 4 MARKET DYNAMICS ANALYSIS OF GLOBAL MRAM MARKET 21
FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL MRAM MARKET 23
FIGURE 6 SUPPLY/VALUE CHAIN: GLOBAL MRAM MARKET 27
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL MRAM MARKET 28
FIGURE 8 GLOBAL MRAM MARKET, BY PRODUCT, 2024 VS 2032 (USD MILLION) 30
FIGURE 9 GLOBAL MRAM MARKET, BY APPLICATION, 2020 (USD MILLION) 31
FIGURE 10 GLOBAL MRAM MARKET, BY REGION, 2024 VS 2032 (USD MILLION) 33
FIGURE 11 NORTH AMERICA: MRAM MARKET, BY REGION, 2024 VS 2032 (USD MILLION) 34
FIGURE 12 NORTH AMERICA MRAM MARKET, BY PRODUCT, 2024 VS 2032 (USD MILLION) 35
FIGURE 13 NORTH AMERICA MRAM MARKET, BY APPLICATION, 2024 VS 2032 (USD MILLION) 36
FIGURE 14 EUROPE: MRAM MARKET, BY REGION, 2024 VS 2032 (USD MILLION) 40
FIGURE 15 EUROPE MRAM MARKET, BY PRODUCT, 2024 VS 2032 (USD MILLION) 41
FIGURE 16 EUROPE MRAM MARKET, BY APPLICATION, 2024 VS 2032 (USD MILLION) 42
FIGURE 17 ASIA-PACIFIC: MRAM MARKET, BY REGION, 2024 VS 2032 (USD MILLION) 48
FIGURE 18 ASIA-PACIFIC MRAM MARKET, BY PRODUCT, 2024 VS 2032 (USD MILLION) 49
FIGURE 19 ASIA-PACIFIC MRAM MARKET, BY APPLICATION, 2024 VS 2032 (USD MILLION) 50
FIGURE 20 MIDDLE EAST: MRAM MARKET, BY REGION, 2024 VS 2032 (USD MILLION) 55
FIGURE 21 MIDDLE EAST MRAM MARKET, BY PRODUCT, 2024 VS 2032 (USD MILLION) 56
FIGURE 22 MIDDLE EAST MRAM MARKET, BY APPLICATION, 2024 VS 2032 (USD MILLION) 57
FIGURE 23 SOUTH AMERICA: MRAM MARKET, BY REGION, 2024 VS 2032 (USD MILLION) 63
FIGURE 24 SOUTH AMERICA MRAM MARKET, BY PRODUCT, 2024 VS 2032 (USD MILLION) 64
FIGURE 25 SOUTH AMERICA MRAM MARKET, BY APPLICATION, 2024 VS 2032 (USD MILLION) 64
FIGURE 26 MARKET SHARE ANALYSIS, 2020 (%) 69
FIGURE 27 BENCHMARKING OF MAJOR COMPETITORS 70
FIGURE 28 TOSHIBA CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 75
FIGURE 29 TOSHIBA CORPORATION: SWOT ANALYSIS 76
FIGURE 30 NVE CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 31 NVE CORPORATION: SWOT ANALYSIS 79
FIGURE 32 EVERSPIN TECHNOLOGIES INC: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 33 EVERSPIN TECHNOLOGIES INC: SWOT ANALYSIS 82
FIGURE 34 HONEYWELL INTERNATIONAL INC: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 35 HONEYWELL INTERNATIONAL INC: SWOT ANALYSIS 90
FIGURE 36 SAMSUNG ELECTRONICS CO LTD: FINANCIAL OVERVIEW SNAPSHOT 91
FIGURE 37 SAMSUNG ELECTRONICS CO LTD: SWOT ANALYSIS 93
FIGURE 38 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED: FINANCIAL OVERVIEW SNAPSHOT 97
FIGURE 39 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED: SWOT ANALYSIS 98