Spintronics Market 2021-2027
New Study Reports " Spintronics Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027" has been Added on MarketResearchFuture.
Introduction/Report Summary:
This report provides in depth study of “Spintronics Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Spintronics Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The spintronics market is estimated to reach USD 13441 Million by 2027, registering a CAGR of 34.13% during the forecast period of 2020–2027.
Spintronics technology utilizes both the intrinsic spin of an electron as well as its charge in transport devices. It is primarily concerned with solid-state systems and how manipulation of the electron spin state can result in appreciable changes in conductance. Spintronics – particularly in semiconductors and magnetic multilayers – has represented an engaging field of study and has become all important for applications in magnetic storage. In semiconductors, the SOC effect, in which carrier spins feel an effective momentum-dependent magnetic field, plays a crucial role in how spins are manipulated.
Drivers
Increasing Need for Higher Data Transfer Speed to Boost Market Growth
The increasing need for higher data transfer speed will boost market growth over the forecast period. The amount of data has gone up manifold. Moreover data has turned essential for every end user industry owing to incorporation of data-driven decisions. Such factors have boosted the need for solutions that increases the data processing power. Spintronics helps in fulfilling the demand of consumers by allowing faster data transfer speeds and also larger storage for data. MRAM is likely to replace flash memory devices like compact flash and SD cards.
Opportunities
Growing Demand for Electric Vehicles to offer Robust Opportunities
The growing demand for electric vehicles will offer robust opportunities for the market in the forecast period owing to environmental and energy concerns. Spintronics sensors play a pivotal role to improve an EV’s battery performance. For tunnel magnetoresistance (TMR) sensors, giant magnetoresistance (GMR), and position sensing are used rather than hall integrated circuits (ICs), and anisotropic magnetoresistance (AMR) sensors for their low power consumption. Besides, sensors that are spintronic based will augment the range of the EV that will boost market growth.
COVID-19 Analysis
Several industries have been affected by the COVID-19 crisis and the Spintronics Market too is no different. It has also experienced the brunt of the deadly outbreak. Economic consequences, supply chain disruptions, fluctuations in demand share, and long-term & immediate impact of the COVID-19 crisis had a negative effect on the market growth. But with the relaxation of lockdowns, the market is likely to get back into normalcy soon.
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Key Players
The report has profiled some of the Important players prevalent in the global like – NVE Corporation, Everspin Technologies Inc., Crocus Technology, Synopsys (QuantumWise), Spin Memory Inc., IBM Corporation (SpinAps), Plures Technologies, Organic Spintronics, Advanced Micro Sensors Inc., Intel Corporation, Rhomap Ltd., Advanced MicroSensors Corporation (AMS), Atomistix A/S, Freescale Semiconductor, Inc., Grandis, Spindeco, Spintronics-Info, and Avalanche Technology and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Spintronics.
Market Segmentation
By type, the metal-based segment will lead the market over the forecast period. Metal-based devices are made with ultrathin ferromagnetic films that enable the control of the spin of electronics by using external magnetic field. This ensures lower energy consumption and high-speed data transfer.
By application, the MRAM segment will dominate the market over the forecast period. MRAM exhibits low power consumption and non-volatility and also enables unlimited read and write operations that are not offered by conventional memory technologies.
Regional Analysis
North America to Steer Spintronics Market
North America will steer the spintronics market over the forecast period. Rise in necessity of high bandwidth in data centers, high adoption of fiber optic cables for high speed internet, rapid migration to cloud computing, the presence of several cloud service providers that are deploying MRAM for cloud computing applications, and the region being a hub for data centers, are adding to the Spintronics Market growth in the region.
Industry Updates
Intel and IMEC researchers have developed a spintronic logic device. This is a low-power device that functions completely on electrical current thus taking it a step ahead its competitors that depend on magnetic fields.
Key Stakeholders
Spintronics Market Manufacturers
Spintronics Market Distributors/Traders/Wholesalers
Spintronics Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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TABLE OF CONTENTS
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. Market Research Methodology
….
10. Company Profiles
10.1. NVE Corporation
10.1.1. Company Overview
10.1.2. Product/Business Segment Overview
10.1.3. Financial Updates
10.1.4. Key Developments
10.1.5. SWOT Analysis
10.1.6. Key Strategies
10.2. Everspin Technologies Inc.
10.2.1. Company Overview
10.2.2. Product/Business Segment Overview
10.2.3. Financial Updates
10.2.4. Key Developments
10.2.5. SWOT Analysis
10.2.6. Key Strategies
10.3. Crocus Technology
10.3.1. Company Overview
10.3.2. Product/Business Segment Overview
10.3.3. Financial Updates
10.3.4. Key Developments
10.3.5. SWOT Analysis
10.3.6. Key Strategies
10.4. Synopsys (QuantumWise)
10.4.1. Company Overview
10.4.2. Product/Business Segment Overview
10.4.3. Financial Updates
10.4.4. Key Developments
10.4.5. SWOT Analysis
10.4.6. Key Strategies
And more
Continued...
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