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
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
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.
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 Field Effect transistors (FETs)
Random Access Memory (MRAM)
Applications (Semiconductor Laser, Magnetic Tunnel Transistor)
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
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
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.