DUBLIN, April 29, 2021 /PRNewswire/ — The “MRAM Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Magnetic RAM Market is expected to grow at a compound annual growth rate of 28.71% over the forecast period to reach a market size of US$4,996.637 million in 2026 from US$853.870 million in 2019.
The market is expected to surge in the coming years, because of the increasing usage of MRAM in applications such as automotive, defense, aerospace, consumer electronics, and others. Major companies, scientific, and research & development institutions, have been developing MRAM technologies, in the past few years. For Instance, In April 2020, a team at the Indian Institute of Technology, in Mandi, India, announced the development of Magnetic Random-Access Memory, intending to address data storage concerns. The team stated that the spin-transfer torque MRAM, which were based on nano spintronic devices, would be used to put an end to data loss from computers, because of interruptions, and would enhance the next-generation computers, or other gadgets. There are other developments in the market, in recent years. Startups and novel players have been working hard to secure funding from major players in the market.
For instance, In September 2020, Antaios, a key pioneer in SOT-MRAM technology, announced that it had secured US$11 million in funding from a major French venture capital firm, Sofimac Innovation, and Innovacom. The…