Global Spintronics Market by Type (Metal-based devices (Giant Magneto resistance based devices, Tunnel Magneto resistance based device, Spin-transfer Torque devices, and Spin-wave logic devices) and Semiconductor-based devices (Spin diodes, Spin filters, Spin Field Effect transistors)), By Application (Electric Vehicle, Industrial Motor, Data Storage, Magnetic Random Access Memory (MRAM), Magnetic Sensing and Other Applications), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: April 2020
- Report ID: BWC20039
- Available Format: PDF
- Page: 165
Global Spintronics Market: Overview
Spintronics technology is the emerging technology that is currently being used in hard disks and sensors. Magnetic RAM is the next-generation technology that uses spintronics technology, it uses electron spin instead of charging it. Technically, spintronics is spin-based electronics. The main idea behind it is to use the electron spin rather than its charge and to use the magnetic moment associated with it.
This technology represents an innovation that is useful for both hard drives and digital electronics. Its use provides higher data transfer speed, increased processing power, and improved memory, which will boost emerging electronics markets. In contrast to other technologies, the Spintronics market is still in its nascent phase; however, it is expected to eliminate other memory storage devices that could lead to energy-efficient chips and change the design of future memory storage devices.
Spintronics eliminates the requirement for the specialized semiconductor material, as required by electronics, by operating effectively over copper, aluminum, and other common metals, resulting in reduced manufacturing costs. This factor is expected to drive the overall Spintronics market by increasing the rate of adoption of Spintronics. In addition, the added advantages of Spintronics, such as reduced energy requirements, low power consumption, faster data transfer, small size, greater storage capacity, etc., are expected to drive the growth of the Spintronics market. Continuous research and efforts to implement MRAMs and magnetic sensors are the primary drivers of Spintronics growth.
Global Spintronics Market: Type
Based on Type, the Spintronics market is segmented into Metal-based devices and Semiconductor-based devices. Metal-based devices are expected to grow at a high CAGR during the forecast period. Growth is attributed to the high-speed data transfer and low energy consumption characteristics of metal-based spintronic devices resulting from the production of ultra-thin ferromagnetic films. Due to the increasing deployment of 5G, the adoption of the Internet of Things (IoT), and the commercialization of spin transistors, the semiconductor-based spintronics bifurcation is expected to grow faster during the forecast period.
Global Spintronics Market: Application
Based on Application, the global Spintronics market segmented into Electric Vehicle, Industrial Motor, Data Storage, Magnetic Random Access Memory (MRAM), Magnetic Sensing and other applications. Spintronics are widely used on the hard disk drive of computers, laptops, etc. Nanotechnology is being used in this respect. This market is also driven by the increased demand for electric vehicles to combat air pollution. One of the essential uses of spintronics is quantum computing. The purpose of this computing time and complexity is reduced to a large extent. Calculations can be made much faster than conventional calculators using quantum states and magnetic spin.
Global Spintronics Market: Regional Insights
Based on region, the global Spintronics market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are using the highest number of spintronic technologies. Developing countries such as India and China are major markets for electric vehicles, as technology is increasingly accepted. The growing population and increasing disposable income of the middle class, coupled with rising air pollution, are driving demand for spintronics in the populous countries of India and China. Even in Latin America, the use of spintronics in R&D is quite high, with Brazil and Argentina leading the way.
The major players in the global Spintronics are NVE Corporation, Plures Technologies, IBM Corporation, QuantumWise, Crocus Technology, Inc., Advanced MicroSensors Corporation, Intel Corporation and Everspin Technologies, Inc. and other prominent player.
Ø February, 2020: Prysmian Group, a global leader in the energy and telecom cable systems industry and the largest manufacturer of cables in the world, has selected IBM Services to help expand and manage its global technological infrastructure. The three-year agreement engagement is designed to addresses Prysmian's need to better integrate their presence in 50 countries around the world. Managed by IBM Services, Prysmian will integrate its IT infrastructure with IBM Cloud and adopt a hybrid cloud strategy.
Ø February, 2019: NVE Corporation today announced a new family of digital signal isolators with ultrahigh Common Mode Transient Immunity (“CMTI”).
Ø By Metal-based devices
· Giant Magneto resistance based devices
· Tunnel Magneto resistance based device
· Spin-transfer Torque devices
· Spin-wave logic devices
Ø By Semiconductor-based devices
· Spin diodes
· Spin filters
· Spin Field Effect transistors (FETs)
Ø Electric Vehicle
Ø Industrial Motor
Ø Data Storage
Ø Magnetic Random Access Memory (MRAM)
Ø Magnetic Sensing
Ø Other Applications (Semiconductor Laser, Magnetic Tunnel Transistor)
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and forecast the global Spintronics Market size of the market in terms of value.
Ø To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Spintronics Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Spintronics Market based on type and application.
Ø To examine competitive developments like technological advancement, services, and regulative framework within the global Spintronics Market.
Ø To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
Ø To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
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