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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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Financial Trust Asset Management Named to PSN Top Guns List of Best Performing Strategies for Q2 2024

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Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies.

BOCA RATON, Fla., Sept. 19, 2024 /PRNewswire/ — Financial Trust Asset Management announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2024. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

“PSN Top Guns award winners are honored for exceptional performance. Showcasing these strategies within a dedicated peer universe provides essential insight for advisors, institutions, plan sponsors, family offices and wealth managers interested in incorporating SMAs (Separately Managed Accounts) into their clients’ portfolios,” says Nick Williams, Product Manager of PSN at Zephyr. “It is because of this that this quarter marks the first time that PSN Top Guns is now openly accessible.”

Financial Trust Asset Management’s separate account strategies won 34 Top Guns awards from Informa Investment Solutions (PSN) for the 2nd Quarter 2024. Financial Trust had 13 strategies win 34 awards in 15 universe categories.

“Ongoing recognition by Informa PSN for the performance of our quantitatively driven investment strategies is something we are very proud of,” says Arno Mayer CFA CFP, Chief Investment Officer for Financial Trust.

Greg Vigrass, President & CEO for Financial Trust added, “continuing to be recognized in this way is a real honor, and recognition of our focused, disciplined investment approach.”

Through a combination of PSN’s proprietary performance screens, PSN Top Guns awards products in six proprietary categories in over 75 universes based on continued performance over time.

Financial Trust Asset Management’s following strategies earned a PSN Top Guns award for the 2nd quarter of 2024.

For a list of Financial Trust’s award winning strategies for Q2 2024, click here.

[1-Star Category:] had one of the top ten returns for the quarter in their respective strategy.

[2-Star Category:] had one of the top ten returns for the one-year period in their respective strategy.

[3-Star Category:] had one of the top ten returns for the three-year period in their respective strategy.

[4-Star Category:] had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. The top ten returns for the latest three-year period then become the 4 Star Top Guns.

[Bull & Bear Masters:] had an r-squared of 0.80 or greater relative to the style benchmark for a three-year period. Moreover, the strategy had an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.

The complete list of PSN Top Guns and an overview of the methodology can be located at https://informaconnect.com/zephyr/psn-top-guns/.  

About Financial Trust Asset Management
Financial Trust Asset Management is an independently owned boutique investment management firm specializing in active and passive investment solutions for individual investors and investment professionals.

Our mission is to empower investors and investment professionals to achieve financial success through trusted relationships, expert guidance, and personalized solutions.

The firm’s highly disciplined, quantitative investment approach is characterized by a distinctive blend of fundamental bottom-up stock selection, top-down macro research and technical evaluation.

https://informaconnect.com/zephyr/psn-financial-sma-data/
For nearly four decades, https://informaconnect.com/zephyr/psn-financial-sma-data/ has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Mid-Year Outlook provides insight and trends about the SMA industry. You can view it online here.
Visit PSN online to learn more.

Disclosure: Past performance is not a guarantee of future results. Certain investments give rise to substantial risk and are not suitable for all investors. There is no guarantee that an investment with the referenced strategies will meet its investment goals and the rating many not be representative of any one client’s experience. Financial Trust Asset Management claims compliance with the Global Investment Performance Standards (GIPS®) and prepares performance data in compliance with GIPS standards and meets the requirements of the CFA Institute with regards to creating and reporting product composites. The ratings at PSN reflect the requirements of the GIPS standards published in the GIPS Handbook and are an average of all of the experiences of the manager’s client base. All material provided is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The investment performance figures submitted to PSN portray the history for all separately managed portfolios that meet the composite definition gross of fees. The information presented herein should not be considered as personalized investment advice nor construed as a solicitation to buy or sell any security or engage in a particular investment strategy. PSN and Informa Financial Intelligence have no affiliation with Financial Trust Asset Management, but rather evaluate investment managers’ performance on an objective basis. All other disclosures and fee schedules can be found in Financial Trust Asset Management’s Form ADV Part 2A which is available on our company website. Financial Trust Asset Management, Chartered is state- registered Investment Advisor. www.Financialtrust.net

Media Contact: Greg Vigrass
Financial Trust Asset Management                                            
gvigrass@financialtrust.net
(407) 492-0672

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SOURCE Financial Trust Asset Management

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Eonix Awarded Air Force Phase II STTR to Unlock Next-Gen Warfare with Scalable Ultra-High-Power Batteries

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Leveraging the ATLAS platform, Eonix will accelerate battery materials discovery focused on powering Directed Energy, C-sUAS, and e-VTOL systems

KNOXVILLE, Tenn., Sept. 19, 2024 /PRNewswire-PRWeb/ — Eonix, a pioneer in next-generation battery technology, has been selected by AFWERX for a PHASE II STTR contract with the University of Tennessee Tickle College of Engineering in the amount of $1.7M focused on ultra-high-power batteries for directed energy, counter drone swarms, and e-VTOL systems. The funds will be used to design high conductivity electrolytes that are drop-in compatible with batteries manufactured today and meet the ambitious DoD energy storage targets for next gen platforms.

The Eonix ATLAS materials discovery platform will design a next generation battery chemistry that improves power density, discharge rate, and operational temperature…thus powering the Air Force to respond to a rapid evolution of aerial threats.

“New technologies like Directed Energy, Counter Small Unmanned Aircraft (C-sUAS), and electric Vertical Take Off Landing (e-VTOL) Systems promise to transform modern air defense systems by offering cost-effective engagement, enhanced base resiliency, and advanced surveillance and attack capabilities,” said Eonix Founder Don Derosa. “Our ATLAS materials discovery platform will design a next generation battery chemistry that improves power density, discharge rate, and operational temperature…thus powering the Air Force to respond to a rapid evolution of aerial threats.”

Eonix is revolutionizing battery product development, leveraging their ATLAS platform which is 40x faster and 15x lower cost than traditional R&D methods. This groundbreaking platform, previously harnessed for projects backed by Army/DOE/NSF/Air Force, pairs real-time measurement of material behavior in batteries with quantum mechanics simulations to train AI models, significantly accelerating materials discovery. These models predict material performance and suggest novel material candidates, marking a significant leap forward in the quest for next-gen energy storage solutions.

The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on Eonix will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.

About Eonix

Eonix is designing next generation batteries decades ahead of most R&D cycles using the world’s first end-to-end automated materials discovery platform for energy storage. Eonix’s mission is to design market specific materials, decades ahead of their time, that are drop-in compatible with batteries manufactured today. This will enable affordable EVs, fast charging consumer electronics, safer energy storage for the warfighter, and a greener future. With funding from the Department of Defense, Department of Energy, and National Science foundation, Eonix has leveraged our ATLAS platform to design a non-flammable lithium ion battery. Learn more about our revolutionary process at www.eonixenergy.com

About AFRL

The Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit www.afresearchlab.com

About AFWERX

As the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at five hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed over 6,200 new contracts worth more than $4.7 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: www.afwerx.com

Media Contact

Ryan Sommer, MaintainPR, 1 6462204256, ryan@maintainpr.com, https://www.maintainpr.com

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SOURCE Eonix

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TI increases dividend 5%, marking 21 consecutive years of increases

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DALLAS, Sept. 19, 2024 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today said it will raise its quarterly cash dividend 5%, from $1.30 per share to $1.36, or $5.44 annualized. The higher dividend will be payable November 12, 2024, to stockholders of record on October 31, 2024, contingent upon formal declaration by the board of directors at its regular meeting in October.   

The increase is consistent with TI’s long-term objective for dividends by providing a sustainable and growing dividend and reflects the company’s continued commitment to return all free cash flow to its owners over time. Today’s announcement marks 21 consecutive years of dividend increases.

Notice regarding forward-looking statements

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:

Economic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;Our ability to compete in products and prices in an intensely competitive industry;Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings;Our ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity;Availability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;Our ability to recruit and retain skilled personnel and effectively manage key employee succession;Product liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts;Compliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability;Changes in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets;Financial difficulties of our distributors or semiconductor distributors’ promotion of competing product lines to our detriment; or disputes with current or former distributors;Losses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments;Our ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment;Our ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims;Instability in the global credit and financial markets; andImpairments of our non-financial assets.

For a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI’s most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

TXN-G

 

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SOURCE Texas Instruments Incorporated

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