Analysts expect MRAM revenues to grow 170X by 2029 to reach $4 billion

A new market report by Objective Analysis and Coughlin Associates expects that stand-alone MRAM and STT-MRAM revenues will grow 170X from 2018 to 2029, reaching almost $4 billion in revenues. The growth of next-generation memory technologies will be mainly driven by displacing today’s less efficient memory technologies like NOR flash and SRAM.

MRAM capacity shipments forecast (2017-2029, Coughlin)The analysts expect many memory technologies, including DRAM, 3D Xpoint and NAND to grow in the coming years, but the most stellar growth will be of MRAM memories. Shipments in terms of capacity are expected to grow from around 0.1 Petabytes in 2019 to almost 1 million Petabytes by 2029.

Yole Developpement sees STT-MRAM leading the embedded emerging-NVM market

Market analyst firm Yole Developpement presents its latest next-generation memory forecasts in an interesting new article. The company says that following more than 15 years of development, PCM is finally taking off in stand-alone applications due to strong support from Intel and Micron.

Emerging NVM market (2018-2023, Yole)

STT-MRAM is expected to lead the embedded memory race as many foundries are rushing to add MRAM support and expertise to their product lines. STT-MRAM is promising for enterprise storage SCM.

Coughlin: MRAM and STT-MRAM revenues will reach $3.3 billion by 2028

Tom Coughlin posted an interesting overview of the 2018 MRAM Developer day, which is well worth a read. Besides the conference report, Coughlin also updates on its market estimates - the market for MRAM and STT-MRAM memory solutions will experience fast growth - growing from $36 million in 2017 to about $3.3 billion in 2028. This growth will be at the expense of SRAM, NOR flash and some DRAM.

Memory revenue projection (2016-2028, Coughlin)

The demand for MRAM memory will result in an increased demand for MRAM production equipment, of course. MRAM equipment revenues will reach $792 million by 2028, according to Coughlin Associates.

Veeco is encouraged by interest in its STT-MRAM ion beam etch systems

Veeco says that it in the past quarter it has received Ion Beam Etch Solution orders from STT-MRAM developers. Veeco's systems are used for magnetic memory development, and the company is collaborating with a leading semiconductor capital equipment manufacturer in this market.

Veeco Ion Beam Etch system photo

The company "continues to be encouraged by our customers interest" in the STT-MRAM market.

Yole Developpement sees MRAM, RRAM and PCM memories generating $4.6 billion in 2021

Yole Developpement says that the emerging Non-Volatile Memory (NVM) market is still small, generating only $53 million in sales in 2015. The market is still limited to niche markets due to the limited densities.

Next-gen memory, time to market (Yole, 2015)

Yole sees the market growing very quickly, though, to reach $4.6 billion by 2021 - a CAGR of 110%. Yole says that the clear go-to market for emerging-NVM will be storage-class memory. High-capacity SCM applications will use either phase-change memory or RRAM memory, while applications that require high endurance and speed will adopt STT-MRAM memories.

Coughlin sees the MRAM market growing to over $1.3 billion in 2020

A new report from Coughlin Associates says that in the near future we will see dramatic changes in the memory market as as fast non-volatile memories augment and eventually replace volatile memory.

Memory technology shipping storage capacity forecast (Coughlin)

Coughlin sees MRAM (and STT-MRAM) annual shipping capacity rising from 240TB in 2014 to between 15 and 35 PB in 2020. MRAM and STT-RAM revenues are expected to increase from about $300 million in 2014 to between $1.35 and $3.15 billion by 2020.

Yole sees STT-MRAM as the most suitable technology to start replacing DRAM in 2018

Yole Developpement released a new emerging-memory market report in which they try to asses the future of the memory market. Yose says that Phase-change memory (PCM) is pretty much dead, and the two main emerging memory technologies are MRAM and Resistive random Access Memory (ReRAM or RRAM).

Yole Développement emerging memory market slide (2015)

While RRAM is very promising in the near future, with support from Micron (they plan to release RRAM chips in 2015) and Panasonic while other players are expected to react quickly. RRAM and STT-MRAM will compete in 2015-2016 in some standalone markets (such as embedded MCU, wearables and smart cards and the storage class memory for enterprise storage which will be the biggest market), and it's not clear yet which technology will be the most popular.

Coughlin sees the MRAM market growing from $190 million in 2013 to over $2 billion in 2019

Coughlin Associates released a new report on non-volatile memory and storage technologies. The authors see MRAM and STT-MRAM replacing SRAM and DRAM within the next few years - and probably before RRAM replaces flash memory. MRAM advances quickly and this will result in lower prices which will make the technology very competitive.

Coughlin projects that MRAM and STT-MRAM annual shipping capacity will rise from an about 80 TB in 2013 to 16.5 PB in 2019. Revenues will increase from $190 million in 2013 to $2.1 billion in 2019. This will obviously require more production capacity and the MRAM manufacturing equipment market (not including the CMOS creation) will rise from $52.9 million in 2013 to $246.3 million in 2019.

Yole Développement sees the PCM and MRAM markets reaching $1.6 billion in 2018

Yole Développement released a new report on Emerging Non-Volatile Memories (which include four major technologies: MRAM, PCM, RRAM and FeRAM). They see the market increasing ten-fold in the next five years to $2 billion by 2018 (of which STT-MRAM and PCM will take the major share of $1.6 billion) - mostly due to improved scalability and chip density.

The largest market will be enterprise storage, where STT-MRAM and PCM cache memory will be adopted. PCM will also be used in mobile phones thanks to 1GB chips made available by Micron in 2012. STT-MRAM is expected to replace SRAM in SoC applications thanks to lower power consumption and better scalability. Another market for MRAM and STT-MRAM is smart card MCUs.