PUBLISHER: IMARC | PRODUCT CODE: 1390604
PUBLISHER: IMARC | PRODUCT CODE: 1390604
Spintronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global spintronics market size reached US$ 695.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 920.7 Million by 2028, exhibiting a (CAGR) of 4.80% during 2022-2028.
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.
Spintronics Market Trends:
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.
Key Market Segmentation:
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 2023-2028. Our report has categorized the market based on type, application and end user.
Breakup by Type:
Metal-Based Devices
Giant Magneto Resistance-Based Device (GMRs)
Tunnel Magneto Resistance-Based Device (TMRs)
Spin-Transfer Torque Device
Spin-Wave Logic Device
Semiconductor-Based Devices
Spin Diode
Spin Filter
Spin Field Effect Transistor (FETs)
Breakup by Application:
Magnetic Sensors
Hard Disks and MRAMs
Electric Vehicle and Industrial Motor
Quantum Computing
RF and Microwave Devices
Others
Breakup by End User:
Automotive
Consumer Electronics
Healthcare
IT and Telecom
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
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.
Key Questions Answered in This Report
- 1. How big is the global spintronics market?
- 2. What is the expected growth rate of the global spintronics market during 2023-2028?
- 3. What are the key factors driving the global spintronics market?
- 4. What has been the impact of COVID-19 on the global spintronics market?
- 5. What is the breakup of the global spintronics market based on the type?
- 6. What is the breakup of the global spintronics market based on the application?
- 7. What is the breakup of the global spintronics market based on the end user?
- 8. What are the key regions in the global spintronics market?
- 9. Who are the key players/companies in the global spintronics market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Spintronics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Metal-Based Devices
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Giant Magneto Resistance-Based Device (GMRs)
- 6.1.2.2 Tunnel Magneto Resistance-Based Device (TMRs)
- 6.1.2.3 Spin-Transfer Torque Device
- 6.1.2.4 Spin-Wave Logic Device
- 6.1.3 Market Forecast
- 6.2 Semiconductor-Based Devices
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Spin Diode
- 6.2.2.2 Spin Filter
- 6.2.2.3 Spin Field Effect Transistor (FETs)
- 6.2.3 Market Forecast
7 Market Breakup by Application
- 7.1 Magnetic Sensors
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Hard Disks and MRAMs
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electric Vehicle and Industrial Motor
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Quantum Computing
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 RF and Microwave Devices
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End User
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Consumer Electronics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Healthcare
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 IT and Telecom
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Avalanche Technology
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Crocus Technology
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Everspin Technologies Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 FUTEK Advanced Sensor Technology Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Intel Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 International Business Machines Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Merck KGaA
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 NVE Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Spin Memory Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Synopsys Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Avalanche Technology
List of Figures
- Figure 1: Global: Spintronics Market: Major Drivers and Challenges
- Figure 2: Global: Spintronics Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Spintronics Market: Breakup by Type (in %), 2022
- Figure 5: Global: Spintronics Market: Breakup by Application (in %), 2022
- Figure 6: Global: Spintronics Market: Breakup by End User (in %), 2022
- Figure 7: Global: Spintronics Market: Breakup by Region (in %), 2022
- Figure 8: Global: Spintronics (Metal-Based Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Spintronics (Metal-Based Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Spintronics (Semiconductor-Based Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Spintronics (Semiconductor-Based Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Spintronics (Magnetic Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Spintronics (Magnetic Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Spintronics (Hard Disks and MRAMs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Spintronics (Hard Disks and MRAMs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Spintronics (Electric Vehicle and Industrial Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Spintronics (Electric Vehicle and Industrial Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Spintronics (Quantum Computing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Spintronics (Quantum Computing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Spintronics (RF and Microwave Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Spintronics (RF and Microwave Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Spintronics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Spintronics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Spintronics (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Spintronics (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Spintronics (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Spintronics (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Spintronics (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Spintronics (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Spintronics (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Spintronics (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Spintronics (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Spintronics (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Spintronics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Spintronics Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Spintronics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Global: Spintronics Industry: SWOT Analysis
- Figure 83: Global: Spintronics Industry: Value Chain Analysis
- Figure 84: Global: Spintronics Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Spintronics Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Spintronics Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Spintronics Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Spintronics Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Spintronics Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Spintronics Market: Competitive Structure
- Table 7: Global: Spintronics Market: Key Players
