Report Id: SNS/SEMI/1346 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Spintronics Market was valued at USD 0.78 billion in 2022 and is expected to reach USD 1.17 billion by 2030, and grow at a CAGR of 5.1% over the forecast period 2023-2030.
Spintronics is the study of electrons' natural rotation and magnetic fields as they interact with solid-state machines, in addition to basic electrical charges. Spitronic devices are used in the field of bulk storage. It is used to compress large amounts of data into a small amount of space. The giant-magneto resistive (GMR) sandwich structure, which is made up of flexible ferromagnetic and nonmagnetic metal layers, aids in the development of an industrial prototype device as well as the Spintronics Market Growth as a readable head and memory cell. Spintronic technology, in general, holds the promise of digital electronics. It has been tested on mass storage components such as hard drives. Recent spintronics advances are based on thin nanometric film structures with perpendicular magnetic anisotropy.
Magnetic memory - MRAMs.
Increase in microelectronics.
Integrated spintronics products.
Working temperatures that are too low and material selection constraints.
Users' lack of understanding
IMPACT OF COVID-19:
The spintronics market is in its early stages, but it has a high market value due to research and technological advances. Furthermore, global closures and crop closures hampered market supply during the first phase of COVID-19. During Spintronics market analysis, however, the situation has expanded into a tested market area, as businesses such as data centres and cloud computing have seen significant increases in Spintronics Market Share, Spintronics Market Growth, demand, and usage.
Major key players in Spintronics Market are IBM Corporation, NVE Corporation, Plures Technologies, Quantum Wise, NVE Corporation, Organic Spintronics, Advanced Micro Sensors, Everspin Technologies Inc., Crocus Technology Inc., Synopsys (QuantumWise), Spin Memory Inc., IBM Corporation, Plures Technologies, Organic Spintronics, Intel Corporation, Rhomap Ltd., Advanced Micro Sensors Inc., Advanced MicroSensors Corporation, Atomistix A/S, Freescale Semiconductor, Inc., Grandis, Spindeco, Spintronics-Info, Avalanche Technology, other.
Giant magneto resistance-based device
Tunnel magneto resistance-based device
Spin-transfer torque device
Spin-wave logic device
A spin field-effect transistor
Magnetic random access memory
Because of the presence of various Spintronics Market Key players, North America has led the global Spintronics Market and is expected to continue to do so in the foreseeable future. In contrast, the Asia-Pacific region anticipates rapid growth during the forecast period. The growing demand for faster data transfer speeds and larger storage capacity is expected to propel the Spintronics Market in this direction. North America is a leading investor in the research industry due to the high level of research conducted by regional businesses in the spintronics market and the growing acceptance of technology among the region's end users' industry. The majority of the region's major industries of end users of the spintronics market are rapidly developing, allowing market growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 0.78 Billion|
|Market Size by 2030||US$ 1.17 Billion|
|CAGR||CAGR of 5.1% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Metal-based, Semiconductor-base, Giant magneto resistance-based device, Tunnel magneto resistance-based device , Spin-transfer torque device, Spin-wave logic device, Semiconductor-based devices, Spin diode, Spin filter, A spin field-effect transistor)
• by Application (Magnetic Sensors, Spintronic Couplers, Hard Disks, Microwave Devices, Electric vehicles, Industrial motors, Data storage, Magnetic random)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||IBM Corporation, NVE Corporation, Plures Technologies, Quantum Wise, NVE Corporation, Organic Spintronics, Advanced Micro Sensors, Everspin Technologies Inc., Crocus Technology Inc., Synopsys (QuantumWise), Spin Memory Inc.|
|Key Drivers||• Magnetic memory - MRAMs.
• Increase in microelectronics.
|RESTRAINTS||• Electron displacement.
• Working temperatures that are too low and material selection constraints.
Frequently Asked Questions (FAQ) :
Spintronics Market size was valued at 756.72 Million in 2021 at a CAGR of 5.1%.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Electron displacement and Working temperatures that are too low and material selection constraints limiting the market growth.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Spintronics Market Segmentation, by type
8.4 Giant magneto resistance-based device
8.5 Tunnel magneto resistance-based device
8.6 Spin-transfer torque device
8.8 Spin-wave logic device
8.9 Semiconductor-based devices
8.10 Spin diode
8.11 Spin filter
8.12 A spin field-effect transistor
9. Global Spintronics Market Segmentation, by Application
9.2 Magnetic Sensors
9.3 Spintronic Couplers
9.4 Hard Disks
9.5 Microwave Devices
9.6 Electric vehicles
9.7 Industrial motors
9.8 Data storage
9.9 Magnetic random access memory
9.10 Semiconductor lasers
9.11 Spintronics couplers
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
12. Company Profiles
12.1 IBM Corporation
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 NVE Corporation
12.3 Plures Technologies
12.4 Quantum Wise
12.5 NVE Corporation
12.6 Organic Spintronics
12.7 Advanced Micro Sensors
12.8 Everspin Technologies Inc.
12.9 Crocus Technology Inc.
12.10 Synopsys (QuantumWise)
12.11 Spin Memory Inc.
12.12 IBM Corporation
12.13 Plures Technologies
12.14 Organic Spintronics
12.15 Intel Corporation, Rhomap Ltd.
12.16 Advanced Micro Sensors Inc.
12.17 Advanced MicroSensors Corporation
12.18 Atomistix A/S
12.19 Freescale Semiconductor, Inc.
12.20 Grandis, Spindeco
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.