On account of the rising demand for fast, scalable, low power consuming, and non-volatile memory devices, especially in the automotive, #enterprisestorage, and aerospace and defense sectors, the global market for magneto resistive RAM ( #MRAM ) is likely to gain significant impetus over the forthcoming years. In 2015, the worldwide MRAM market stood at US$41.2 mn. Supported by the infinite cycling endurance and high speed reading/writing capabilities of MRAM, the opportunity in this market is likely to expand at a CAGR of 44.10% between 2016 and 2024 and reach a value of US$869.7 mn by 2024.
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