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Magneto Resistive Ram (MRAM) Market size is set to grow by USD 1.62 billion from 2024-2028, Low-power consumption boost the market, Technavio

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NEW YORK, June 28, 2024 /PRNewswire/ — The global magneto resistive ram (MRAM) market size is estimated to grow by USD 1.62 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 32.16%  during the forecast period. Low-power consumption is driving market growth, with a trend towards integration of mram in the smartphone. However, memory density issue  poses a challenge. Key market players include ARCO INC., Avalanche Technology Inc., Crocus Nano Electronic LLC, Everspin Technologies Inc., Fujitsu Ltd., Honeywell International Inc., IMEC Inc., KLA Corp., MEMTECH, Numem Inc., NVE Corp., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., SK hynix Co. Ltd., SPIN MEMORY INC., SRAM and MRAM Group, Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., and Yole Developpement SA.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Magneto Resistive Ram (MRAM) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 32.16%

Market growth 2024-2028

USD 1625.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

24.43

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Germany, Canada, and Japan

Key companies profiled

ARCO INC., Avalanche Technology Inc., Crocus Nano Electronic LLC, Everspin Technologies Inc., Fujitsu Ltd., Honeywell International Inc., IMEC Inc., KLA Corp., MEMTECH, Numem Inc., NVE Corp., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., SK hynix Co. Ltd., SPIN MEMORY INC., SRAM and MRAM Group, Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., and Yole Developpement SA

Market Driver

MRAM technology, which retains data without power and offers faster read-write speeds than Flash and EEPROM, is poised to enter the smartphone market during the forecast period. Companies like Apple are expected to adopt MRAM chips due to its data stability and low power consumption. MRAM’s significance lies in its potential to support real-time vision processing and 3D mapping in next-generation devices. With approximately 2 billion smartphone users worldwide in 2023, the integration of MRAM in smartphones is anticipated to drive the global MRAM market’s growth. Key players such as Avalanche Technology Inc., Everspin Technologies Inc., Renesas Electronics Corp., Honeywell International Inc., and Teledyne Technologies Inc. Are conducting research on MRAM technology, with Freescale Semiconductor (now NXP Semiconductors NV) leading the way for consumer applications. 

The Magneto Resistive Random Access Memory (MRAM) market is experiencing significant growth due to its advanced features and increasing demand. MRAM uses the principle of magneto-resistive effect to store data, making it faster and more reliable than traditional memory types. The market is driven by the need for high-performance, low-power memory solutions in various industries, including automotive, consumer electronics, and telecommunications. Additionally, the integration of MRAM into artificial intelligence and machine learning applications is fueling the market’s growth. The market is also witnessing technological advancements, such as the development of multi-level cell MRAM and spin-torque MRAM, which offer higher storage density and lower power consumption. Overall, the MRAM market is expected to continue its upward trend in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

MRAM, or Magneto Resistive Random Access Memory, faces challenges in the global market due to its lower memory density compared to DRAM and Flash Memory. The technology uses magnetic fields to store data, necessitating more space and increasing manufacturing costs. Additionally, MRAM cells are larger than competitors’, limiting the number of cells that can be packed into a given area. This memory density issue is particularly problematic for high-density applications, such as servers and data centers, hindering MRAM’s growth during the forecast period.The Magneto Resistive Ram (MRRam) market faces several challenges. Technological advancements in memory technology require continuous innovation to stay competitive. The high cost of production is a significant barrier, making MRRam more expensive than traditional memory types. Additionally, the limited supply of raw materials needed for MRRam manufacturing poses a challenge. Furthermore, the market is still in its development stage, with only a few players dominating the scene. Lastly, the testing and validation process for MRRam is complex and time-consuming, adding to the overall cost and delaying market penetration. Despite these challenges, the potential benefits of MRRam, such as faster data access and improved energy efficiency, make it an attractive option for the future of memory technology.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This magneto resistive ram (mram) market report extensively covers market segmentation by  

End-user 1.1 Automotive and aerospace and defense1.2 Enterprise storage1.3 Consumer electronics1.4 RoboticsType 2.1 STT MRAM2.2 T MRAMGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive and aerospace and defense-  The Magneto Resistive Ram (MRM) market is experiencing significant growth due to its applications in various industries. In the aerospace sector, MRM is utilized in avionics systems for flight control, navigation, and communication, providing high reliability and endurance. In the defense industry, MRM is employed in missile guidance, radar, and communication systems, ensuring high reliability, speed, and endurance. Simultaneously, in the automotive industry, MRM is integrated into advanced driver assistance systems (ADAS) and infotainment systems, enabling quick and reliable data storage. The increasing demand for air travel and defense equipment, coupled with the rise of electric vehicles, further boosts the MRM market expansion.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Magneto Resistive Random Access Memory (MRAM) market encompasses various applications in the consumer electronics, robotics, enterprise storage, aerospace and defense, computing technologies, Internet of Things, and automobiles industries. MRAM, specifically Spin-transfer Torque MRAM and Magnetic Tunnel Junction MRAM, offers advantages such as high-speed data access, non-volatility, and enduring data retention. These features make MRAM a viable alternative to traditional RAM, Flash, EEPROM, NAND, and other storage technologies. MRAM is also gaining traction in high-temperature data storage and low-power MRAM variants. The market for MRAM is expanding in the commercial and industrial sectors, including 5G technologies and workstations, as well as in the aerospace and defense industries.

Market Research Overview

The Magneto Resistive Random Access Memory (MRRAM) market represents a significant advancement in the realm of non-volatile memory technologies. This memory type employs the magneto-resistive effect, which allows for data storage using the resistance of magnetic materials. MRAM offers several advantages over traditional memory technologies, including faster read and write speeds, lower power consumption, and higher endurance. The market for MRAM is anticipated to grow substantially due to its potential applications in various sectors, such as automotive, industrial, and consumer electronics. The technology’s ability to provide high-density, high-performance, and reliable memory solutions makes it an attractive alternative to existing memory technologies. Additionally, ongoing research and development efforts aim to further improve MRAM’s performance and reduce its cost, potentially leading to wider adoption across various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotive And Aerospace And DefenseEnterprise StorageConsumer ElectronicsRoboticsTypeSTT MRAMT MRAMGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hivelocity Launches Outlet Store — Bare Metal Servers, Ready Now, at Lower Prices

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A new section of the Hivelocity store offers in-stock, fully functional dedicated servers at reduced monthly pricing, giving customers facing long lead times on new hardware a faster path to deployment.

TAMPA, Fla., Sept. 2, 2026 /PRNewswire/ — Hivelocity, an infrastructure-as-a-service provider of bare metal, dedicated servers, edge computing, and virtualized cloud solutions, today announced the launch of the Hivelocity Outlet Store, a new section of its storefront offering proven, in-stock server configurations at reduced monthly pricing. The Outlet Store gives customers immediate access to reliable infrastructure without the wait times currently affecting parts of the hardware supply chain.

As Hivelocity upgrades its server portfolio, the company moves previous configurations into the Outlet Store, offering them at lower prices. These servers enable organizations to support development, proof-of-concept, build farm, and similar engineering workloads without paying for excess capacity or waiting for the latest systems to become available.

Outlet Store servers are available on a month-to-month basis, with no long-term contract required. Customers who outgrow an outlet configuration can move up to a more powerful dedicated server as their requirements evolve. To keep pricing low and enable rapid deployment, the Outlet Store does not offer custom configuration options.

“If you’ve been waiting on new hardware because of supply chain delays, there’s no reason to keep waiting. The Outlet Store gives customers proven, in-stock servers at a lower price point, so they can get running today instead of sitting in a queue.” — Ned Pope, Chief Product Officer, Hivelocity

Customers can access the Outlet Store now through the Hivelocity. For additional workload needs, they can continue to choose from the full Hivelocity catalog of dedicated, cloud, and colocation infrastructure.

About Hivelocity

Founded in 2002, Hivelocity operates bare metal infrastructure across globally distributed data centers, serving mid-market and enterprise customers in healthcare, SaaS, fintech, gaming, and high-performance computing. The company runs 24/7/365 in-house support with a roughly 15-minute average ticket response and a transactional NPS of 79, backed by an SLA-backed 99.99 percent network uptime guarantee.

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SOURCE Hivelocity

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Scage Future Receives Nasdaq Notifications Regarding Market Value of Listed Securities and Market Value of Publicly Held Shares Requirements

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NANJING, China, Sept. 2, 2026 /PRNewswire/ — Scage Future (Nasdaq: SCAG) (“Scage” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that on August 27, 2026 the Company received two notification letters (together, the “Notification Letters”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon receipt of a deficiency notification.

The first Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Listed Securities (“MVLS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVLS of US$50,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A). Nasdaq calculates MVLS based on the most recent total shares outstanding multiplied by the daily closing bid price. Nasdaq also noted in the letter that the Company does not meet the requirements of Nasdaq Listing Rule 5450(b)(3)(A), the Total Assets and Total Revenue standard.

The second Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVPHS of US$15,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2&3)(C). Nasdaq calculates MVPHS based on the most recent publicly held shares information multiplied by the closing bid price.

In accordance with Nasdaq Listing Rules 5810(c)(3)(C) and 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, through February 23, 2027, to regain compliance with each requirement. To regain compliance, the Company’s MVLS must close at US$50,000,000 or more, and its MVPHS must close at US$15,000,000 or more, in each case for a minimum of ten consecutive business days. Nasdaq staff may, in its discretion, require the Company to satisfy the applicable requirement for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that compliance has been demonstrated.

The Notification Letters have no immediate effect on the listing or trading of the Company’s American depositary shares, which continue to trade on The Nasdaq Global Market under the symbol “SCAG.” A deficiency indicator will be displayed with quotation information for the Company’s securities on Nasdaq.com and NasdaqTrader.com, and the Company will be included in the list of non-compliant companies published on the Nasdaq Listing Center commencing five business days from the date of the Notification Letters.

If the Company does not regain compliance with either requirement prior to the expiration of the applicable compliance period, it will receive written notification that its securities are subject to delisting, at which time the Company may appeal the determination to a Nasdaq Hearings Panel. Alternatively, the Company may be eligible to transfer its listing to The Nasdaq Capital Market, provided it meets the Capital Market’s continued listing requirements.

As previously disclosed, the Company received a notification from Nasdaq on June 11, 2026 regarding the minimum bid price requirement, with a compliance period through December 8, 2026. The Company has also received a notification regarding the composition of its audit committee, with a remediation period through December 22, 2026.

The Company intends to monitor its MVLS and MVPHS and to consider the options available to it to regain compliance, which may include applying to transfer its listing to The Nasdaq Capital Market. The Company’s business operations are not affected by the receipt of the Notification Letters. There can be no assurance that the Company will regain compliance with the MVLS or MVPHS requirements within the applicable compliance periods.

About Scage Future

Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations. The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor trailer.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company’s ability to regain compliance with the applicable Nasdaq continued listing requirements within the compliance periods, the Company’s intention to monitor its MVLS and MVPHS, the potential transfer of the Company’s listing to The Nasdaq Capital Market, and the Company’s available options to address the deficiencies described herein. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Scage Future
Emily Wang
Email: scageIR@scagefd.com

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SOURCE Scage Future

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ePlus Achieves Exclusive Ambassador Partner Status with Everpure

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Company is first in North America to attain new partnership tier

HERNDON, Va., Sept. 2, 2026 /PRNewswire/ — ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has achieved the highest level of Everpure partner tier, the new Ambassador certification. ePlus is the first reseller, specialized services partner, or company holding any other Everpure partner designation in North America to have earned this credential.

New to the Everpure program, attaining this tier of partnership requires successfully demonstrating the highest level of service delivery capabilities in cyber resilience and cloud to enhance customer experience and exceptional reliability in meeting customer requirements.

“The most rewarding thing about being the first and only North American provider to have obtained this status is that we were certified based on the many things we do well for our customers – from SOWs and service delivery documents to test plans, remediation of issues, follow through of deliverables and so much more,” said Ken Farber, president ePlus strategy, software and alliances. “Our customer-first focus is what drives our entire organization, from the solutions and services we launch to the areas of technology in which we invest. We are excited and proud to have earned Ambassador status and are very grateful to Everpure for this fantastic acknowledgement of our ability to service our customers.

“Ambassador Reseller Partner status represents the highest tier within our Reseller Program and recognizes strategic partners with deep expertise across key solution areas such as Cloud, Cyber Resilience, and Application Modernization,” said Hope Galley, vice president, Americas partner organization at Everpure. “Customers can be assured they are working with a partner that not only understands Everpure and data storage but also has proven ability in adjacent technologies like cloud and cyber resilience, from a consultative and services perspective. We congratulate ePlus on earning this highly valued credential and appreciate our continued partnership as we look forward to driving mutual growth while delivering industry-leading data storage solutions to our shared customers.”

Together, ePlus and Everpure deliver innovative, sustainable, and simplified storage solutions that help accelerate business outcomes and reduce operational complexity. ePlus recently earned the Services Partner of the Year award in recognition of ePlus Storage-as-a-Service (STaaS) leveraging Everpure Evergreen//One™, a flexible, managed, consumption-based offering. ePlus StaaS provides an adaptable storage model that allows organizations to pay for only the storage capacity they use and need, helping to manage costs.

For more information on how ePlus and Everpure partner please visit: https://www.eplus.com/how-we-partner/everpure 

About ePlus inc.

ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,130 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, Facebook, and Instagram

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. Everpure, Evergreen//One, and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

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SOURCE EPLUS INC.

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