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The Spintronics Market Size was valued at USD 1.11 billion in 2023 and is expected to reach USD 12.98 billion by 2031 and grow at a CAGR of 36% over the forecast period 2024-2031.
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.
Report Attributes | Details |
---|---|
Key Segments | • by Type (Metal-based (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, spin field-effect transistor) • by Application (Magnetic Sensors, Spintronic Couplers, Hard Disks, Microwave Devices, Electric vehicles, Industrial motors, Data storage, Magnetic random) |
Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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., Intel Corporation, Rhomap Ltd., Atomistix A/S, Freescale Semiconductor, Inc., Grandis, Spindeco, Spintronics-Info, Avalanche Technology |
KEY DRIVERS:
Magnetic memory - MRAMs.
Increase in microelectronics.
Integrated spintronics products.
RESTRAINTS:
Electron displacement.
Working temperatures that are too low and material selection constraints.
CHALLENGES:
Users' lack of understanding
OPPORTUNITY:
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.
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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.
Major key players in Spintronics Market are IBM Corporation, NVE Corporation, Plures Technologies, Quantum Wise, Organic Spintronics, Advanced Micro Sensors, Everspin Technologies Inc., Crocus Technology Inc., Synopsys (QuantumWise), Spin Memory Inc., Intel Corporation, Rhomap Ltd., Atomistix A/S, Freescale Semiconductor, Inc., Grandis, Spindeco, Spintronics-Info, Avalanche Technology, other.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.11 Billion |
Market Size by 2031 | US$ 12.98 Billion |
CAGR | CAGR of 36% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Drivers | • Magnetic memory - MRAMs. • Increase in microelectronics. |
Restraints | • Electron displacement. • Working temperatures that are too low and material selection constraints. |
Spintronics Market size was valued at 1.11 billion in 2023 at a CAGR of 36%.
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Spintronics Market Segmentation, by type
8.1Introduction
8.2 Metal-based
8.2.1 Giant magneto resistance-based device
8.2.2 Tunnel magneto resistance-based device
8.2.3 Spin-transfer torque device
8.2.4 Spin-wave logic device
8.3 Semiconductor-based devices
8.3.1 Spin diode
8.3.2 Spin filter
8.3.3 spin field-effect transistor
9. Global Spintronics Market Segmentation, by Application
9.1 Introduction
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
9.12 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
12. Company Profiles
12.1 IBM Corporation
12.1.1 Financial
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
12.21 Spintronics-Info
12.22 Other
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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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.
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BY TYPE
Metal-based
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
Spin Field-Effect Transistor
BY APPLICATION
Magnetic Sensors
Spintronic Couplers
Hard Disks
Industrial motors
Data storage
Semiconductor lasers
Spintronics couplers
Others
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Product Analysis
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Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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