Global Spintronics Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030. Spintronics is a technology that uses the spin of electrons to store and process information. It is a type of nanotechnology that has potential to revolutionize electronics because of its potential to be faster and be more resilient than current technology. The Spintronics market is expanding because of factors such as increasing demand of Magnetoresistive random access memory and increase demand for electronics devices. However, its importance has progressively increased during the last few decades.
According to Statista, the nonvolatile random-access memory (NRAM) market worldwide, from 2020 to 2023. In 2020, the global NRAM market is forecast to be worth 196 million U.S. dollars to 850 million U.S. dollars. According to the statista in 2021, the number of mobile devices operating worldwide stood at almost 15 billion, up from just over 14 billion in the previous year. The number of mobile devices is expected to reach 18.22 billion by 2025, an increase of 4.2 billion compared to 2020 levels. In addition, Increasing use of spintronic devices in consumer electronics and expansion of healthcare industry would create a lucrative growth prospectus for the market over the forecast period. However, lack of awareness among end users stifles
market growth throughout the forecast 2022-2030..
The key regions considered for the Global Spintronics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America Dominates the Global Market because of factors such as significant growth in sectors like cloud services, enterprise storage, server RAID, industrial automation and IoT, and telecom infrastructure, fueling demand for cutting-edge technologies like spintronics. According to the Statista, the Electronics segment is projected to reach US$165.70bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 5.91%, resulting in a projected market volume of US$208.50bn by 2027 during the forecast period. Asia pacific is the fastest growing region because rising in technological developments in the spintronics industry, especially in magnetic sensors such as high resolution, high sensitivity, compact size and low power consumption, contribute significantly to the growth of the global market for spintronic market.
Major market players included in this report are:
- Everspin Technologies Inc.
- Crocus Technology Inc
- Synopsys
- Avalanche Technology
- Nonvolatile Electronics ,Inc.
- Intel Corporation
- International Business Machines Corporation
- Spin Memory Inc.
- Allegro Microsystems, Inc.
- Freescale Semiconductor, Inc.
Recent Developments in the Market:
- In September 2022, The Intel Developer Cloud will make new and future hardware platforms available for pre-launch development and testing, such as the 4th Gen Intel® Xeon® Scalable processors Sapphire Rapids and Intel® Data Center GPUs.
- In august 2020, Spin memory announced that it has developed a new innovative technology, called the Universal Selector, which will significantly improve the capabilities of existing and emerging memory technologies including MRAM, DRAM and ReRAM as it enables a novel way to design vertical cell transistors which achieves higher levels of performance, reliability and density.
Global Spintronics Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Device, Application, End Use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device:
- Metal- Based
- Semiconductor-Based
By Application:
- Magnetic Sensor
- Magnetoresistive random access memory
- Radio frequency
- Microwave devices
By End Use:
- Automotive
- Industrial
- Consumer Electronics
- Healthcare
- IT & Telecom
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Spintronics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Spintronics Market, by Device, 2020-2030 (USD Billion)
- 1.2.3. Spintronics Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Spintronics Market, by End Use, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Spintronics Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Spintronics Market Dynamics
- 3.1. Spintronics Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for Magnetoresistive random access memory
- 3.1.1.2. Increase demand for electronics devices
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of awareness among end users
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing use of spintronic devices in consumer electronics
- 3.1.3.2. Expansion of healthcare industry
Chapter 4. Global Spintronics Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Spintronics Market, by Device
- 5.1. Market Snapshot
- 5.2. Global Spintronics Market by Device, Performance - Potential Analysis
- 5.3. Global Spintronics Market Estimates & Forecasts by Device 2020-2030 (USD Billion)
- 5.4. Spintronics Market, Sub Segment Analysis
- 5.4.1. Metal-Based
- 5.4.2. Semiconductor-Based
Chapter 6. Global Spintronics Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Spintronics Market by Application, Performance - Potential Analysis
- 6.3. Global Spintronics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Spintronics Market, Sub Segment Analysis
- 6.4.1. Magnetic Sensor
- 6.4.2. Magnetoresistive random access memory
- 6.4.3. Radio frequency
- 6.4.4. Microwave devices
Chapter 7. Global Spintronics Market, by End Use
- 7.1. Market Snapshot
- 7.2. Global Spintronics Market by End Use, Performance - Potential Analysis
- 7.3. Global Spintronics Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
- 7.4. Spintronics Market, Sub Segment Analysis
- 7.4.1. Automotive
- 7.4.2. Industrial
- 7.4.3. Consumer Electronics
- 7.4.4. Healthcare
- 7.4.5. IT & Telecom
Chapter 8. Global Spintronics Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Spintronics Market, Regional Market Snapshot
- 8.4. North America Spintronics Market
- 8.4.1. U.S. Spintronics Market
- 8.4.1.1. Device breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Spintronics Market
- 8.5. Europe Spintronics Market Snapshot
- 8.5.1. U.K. Spintronics Market
- 8.5.2. Germany Spintronics Market
- 8.5.3. France Spintronics Market
- 8.5.4. Spain Spintronics Market
- 8.5.5. Italy Spintronics Market
- 8.5.6. Rest of Europe Spintronics Market
- 8.6. Asia-Pacific Spintronics Market Snapshot
- 8.6.1. China Spintronics Market
- 8.6.2. India Spintronics Market
- 8.6.3. Japan Spintronics Market
- 8.6.4. Australia Spintronics Market
- 8.6.5. South Korea Spintronics Market
- 8.6.6. Rest of Asia Pacific Spintronics Market
- 8.7. Latin America Spintronics Market Snapshot
- 8.7.1. Brazil Spintronics Market
- 8.7.2. Mexico Spintronics Market
- 8.8. Middle East & Africa Spintronics Market
- 8.8.1. Saudi Arabia Spintronics Market
- 8.8.2. South Africa Spintronics Market
- 8.8.3. Rest of Middle East & Africa Spintronics Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Everspin Technologies Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Crocus Technology
- 9.3.3. Synopsys
- 9.3.4. Avalanche Technology
- 9.3.5. Nonvolatile Electronics ,Inc.
- 9.3.6. Intel Corporation
- 9.3.7. International Business Machines Corporation
- 9.3.8. Spin Memory Inc.
- 9.3.9. Allegro Microsystems, Inc.
- 9.3.10. Freescale Semiconductor, Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption