Magneto Resistive RAM Market Expected to Expand at Whopping 44.20% CAGR between 2016 and 2024
In a highly consolidated vendor landscape, Everspin Technologies Inc. displays clear leadership in the global magneto resistive RAM market , finds Transparency Market Research (TMR) in a new report. The company held a share of more than 64% in the overall market in 2015. Some other key companies in the magneto resistive RAM market are Spin Transfer Technologies, Honeywell International, Avalanche Technology, and Toshiba. Product development and innovation are some of the key growth strategies that leading players were focused on so far. However, these companies are increasingly shifting focus towards strategic alliances and business partnerships to strengthen their position in this market. As per the TMR report, the global magneto resistive RAM market was valued at US$41.2 mn in 2015. Escalating at a CAGR of 44.20% between 2016 and 2024, the market is likely to be valued at US$869.7 mn by the end of 2024. Depending upon product, second-generation MRAM (STT-MRAM) with a share ...