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The global spintronics market size reached US$ 658.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 879.8 Million by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027.
Spintronics, or spin electronics, is the study of the intrinsic spin of electrons and the associated magnetic moment in solid-state devices. It is widely used in quantum computing for analyzing the functioning of nanoscale electronics. Spintronics is applied to semiconductors, magnetic multilayers and mass-storage devices that use the spin of the electrons to carry information. It involves the use of various metal-based devices, such as giant magneto resistance-based (GMRS), tunnel magneto resistance-based (TMRS) and spin-transfer torque and spin-wave logic devices. They are used with spin diodes, filters and spin field-effect transistors (FET) for higher data transfer speeds, processing powers, memory densities and increased storage capacities. As a result, spintronics finds extensive application in electric vehicles (EVs), industrial motors and magnetic sensing systems.
The increasing demand for hybrid and EVs across the globe is one of the key factors driving the growth of the market. Spintronic closed-loop sensors are widely used to accurately detect the remaining battery capacity and check the charge and discharge condition to improve the overall performance of these automobiles. Moreover, the widespread adoption of advanced consumer electronics is providing a thrust to the market growth. The growth of the market can also be attributed to the rising demand for non-volatile memory technologies installed in Magneto-resistive random-access memory MRAM (systems) to use electron spinning for reversing the magnetization of layers and storing data through electric current. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and the development of semiconductor-based spin transistors, are also contributing to the growth of the market. Other factors, including the increasing deployment of 5G technology, especially in the developing economies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global spintronics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end user.
Breakup by Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Avalanche Technology, Crocus Technology, Everspin Technologies Inc., FUTEK Advanced Sensor Technology Inc., Intel Corporation, International Business Machines Corporation, Merck KGaA, NVE Corporation, Spin Memory Inc. and Synopsys Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Avalanche Technology, Crocus Technology, Everspin Technologies Inc., FUTEK Advanced Sensor Technology Inc., Intel Corporation, International Business Machines Corporation, Merck KGaA, NVE Corporation, Spin Memory Inc. and Synopsys Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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