Market overview
The global MRAM market is worth USD 1.1 bn in 2026 and is forecast to reach USD 4.7 bn by 2036, growing at a 16.0% CAGR. United States is the largest country market and Spin-transfer torque MRAM is the largest by type segment.
| Scope | Magnetoresistive random-access memory chips and embedded memory blocks, including toggle and spin-transfer torque types, sold as standalone parts or built into microcontrollers and systems on chip. |
|---|---|
| Industry | Technology |
| Value 2025 | USD 950 mn |
| Value 2026 | USD 1.1 bn |
| Value 2036 | USD 4.7 bn |
| CAGR 2026-2036 | 16.0% |
| Volume 2026 | 554 million chips |
| Volume 2036 | 3,316 million chips |
| Average price 2026 | USD 1.92 per chip |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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MRAM market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 1.1 bn |
| 2027 | USD 1.2 bn |
| 2028 | USD 1.4 bn |
| 2029 | USD 1.7 bn |
| 2030 | USD 1.9 bn |
| 2031 | USD 2.2 bn |
| 2032 | USD 2.6 bn |
| 2033 | USD 3.0 bn |
| 2034 | USD 3.5 bn |
| 2035 | USD 4.0 bn |
| 2036 | USD 4.7 bn |
MRAM market segmentation
By type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Spin-transfer torque MRAM | 58.0% | 71.5% | USD 617 mn | 18.4% |
| Toggle MRAM | 22.0% | 7.8% | USD 234 mn | 4.5% |
| Other MRAM | 20.0% | 20.8% | USD 213 mn | 16.4% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Industrial and automotive | 32.0% | 31.8% | USD 340 mn | 15.9% |
| Consumer and wearables | 24.0% | 21.9% | USD 255 mn | 14.9% |
| Data centre and storage | 20.0% | 30.3% | USD 213 mn | 20.9% |
| Aerospace and defence | 14.0% | 9.0% | USD 149 mn | 10.9% |
| Others | 10.0% | 7.0% | USD 106 mn | 11.9% |
By memory density
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Up to 4 Mb | 26.0% | 16.0% | USD 277 mn | 10.5% |
| 8 Mb to 64 Mb | 34.0% | 30.0% | USD 362 mn | 14.6% |
| 128 Mb to 1 Gb | 24.0% | 28.0% | USD 255 mn | 17.8% |
| Above 1 Gb (embedded) | 16.0% | 26.0% | USD 170 mn | 21.8% |
By interface
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Parallel | 34.0% | 28.0% | USD 362 mn | 13.8% |
| Serial (SPI and QSPI) | 44.0% | 40.0% | USD 468 mn | 14.9% |
| Embedded macro | 22.0% | 32.0% | USD 234 mn | 20.4% |
By process node
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| 40 nm and above | 40.0% | 28.0% | USD 426 mn | 11.9% |
| 28 nm to 22 nm | 34.0% | 36.0% | USD 362 mn | 16.7% |
| Below 22 nm | 26.0% | 36.0% | USD 277 mn | 19.8% |
Top 25 countries for MRAM by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 95.0% of 2026 revenue and the 25 countries below together hold 98.5%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 266 mn | 25.0% | USD 1.0 bn | 14.4% |
| 2 | China | USD 192 mn | 18.0% | USD 1.1 bn | 19.4% |
| 3 | Taiwan | USD 128 mn | 12.0% | USD 582 mn | 16.4% |
| 4 | South Korea | USD 117 mn | 11.0% | USD 488 mn | 15.3% |
| 5 | Japan | USD 96 mn | 9.0% | USD 338 mn | 13.4% |
| 6 | Germany | USD 74 mn | 7.0% | USD 286 mn | 14.4% |
| 7 | India | USD 43 mn | 4.0% | USD 272 mn | 20.4% |
| 8 | France | USD 37 mn | 3.5% | USD 131 mn | 13.4% |
| 9 | United Kingdom | USD 32 mn | 3.0% | USD 113 mn | 13.4% |
| 10 | Netherlands | USD 27 mn | 2.5% | USD 103 mn | 14.5% |
| 11 | Israel | USD 5.2 mn | 0.5% | USD 24 mn | 16.5% |
| 12 | Mexico | USD 4.6 mn | 0.4% | USD 23 mn | 17.5% |
| 13 | Poland | USD 4.0 mn | 0.4% | USD 20 mn | 17.4% |
| 14 | Czech Republic | USD 3.6 mn | 0.3% | USD 16 mn | 16.3% |
| 15 | Hungary | USD 3.2 mn | 0.3% | USD 15 mn | 16.4% |
| 16 | Vietnam | USD 2.8 mn | 0.3% | USD 14 mn | 17.3% |
| 17 | Thailand | USD 2.5 mn | 0.2% | USD 12 mn | 17.4% |
| 18 | Italy | USD 2.1 mn | 0.2% | USD 8.4 mn | 14.8% |
| 19 | Spain | USD 1.9 mn | 0.2% | USD 8.9 mn | 16.6% |
| 20 | Turkey | USD 1.7 mn | 0.2% | USD 8.4 mn | 17.4% |
| 21 | Malaysia | USD 1.5 mn | 0.1% | USD 7.5 mn | 17.6% |
| 22 | Brazil | USD 1.3 mn | 0.1% | USD 6.6 mn | 17.8% |
| 23 | Canada | USD 1.2 mn | 0.1% | USD 5.2 mn | 16.0% |
| 24 | Sweden | USD 0.96 mn | 0.09% | USD 3.8 mn | 14.6% |
| 25 | Austria | USD 0.85 mn | 0.08% | USD 3.3 mn | 14.5% |
| Rest of world | USD 16 mn | 1.5% | USD 59 mn | 14.0% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Samsung Electronics
- TSMC
- GlobalFoundries
- Everspin Technologies
Group 2: Regional and specialist players
- Renesas Electronics
- Avalanche Technology
- Infineon Technologies
- STMicroelectronics
- NXP Semiconductors
- UMC
Group 3: Emerging and niche players
- Spin Memory
- Numem
- Antaios
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the MRAM market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 16.0% is calculated from the resulting values.
The market is divided by type, by end use, by memory density, by interface, by process node. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the MRAM market?
The global MRAM market is estimated at USD 950 mn in 2025 and USD 1.1 bn in 2026.
How fast will the MRAM market grow?
It is forecast to reach USD 4.7 bn by 2036, a compound annual growth rate of 16.0% from 2026, an increase of USD 3.6 bn.
Which country is the largest market for MRAM?
United States is the largest market by revenue at USD 266 mn in 2026, 25.0% of the global total. The three largest countries together hold 55.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 20.4% a year from 2026 to 2036.
Which MRAM segment is largest?
In the by type split, Spin-transfer torque MRAM is the largest segment with 58.0% of 2026 revenue.
Who are the leading MRAM companies?
Global leaders include Samsung Electronics, TSMC, GlobalFoundries, Everspin Technologies.
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