Spintronics Global Market Report 2025

Description

Spintronics, also known as spin electronics, is a field of electronics that harnesses both the intrinsic spin of electrons and their associated magnetic moment, alongside their charge, for information processing. This approach allows for faster and more energy-efficient data storage and transfer by utilizing the quantum properties of particles. Technologies such as magneto-resistive random-access memory (MRAM) and advanced sensors are examples of spintronics applications.

The primary types of spintronics products are metal-based devices and semiconductor-based devices. Metal-based devices use ferromagnetic metals to manipulate electron spin for applications in data processing, storage, and sensing. These devices are relevant for electric vehicles, industrial motors, data storage, and magnetic sensing, serving various industries, including automotive, industrial, consumer electronics, healthcare, information technology, and telecommunications.

The spintronics market research report is one of a series of new reports from The Business Research Company that provides spintronics market statistics, including spintronics industry global market size, regional shares, competitors with a spintronics market share, detailed spintronics market segments, market trends and opportunities, and any further data you may need to thrive in the spintronics industry. This spintronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The spintronics market size has grown exponentially in recent years. It will grow from$1.33 billion in 2024 to $1.65 billion in 2025 at a compound annual growth rate (CAGR) of 24.6%. The growth during the historic period can be attributed to the rising demand for energy-efficient electronics, advancements in semiconductor manufacturing, increased utilization of spintronic sensors, a growing need for high-speed data, and a surge in demand for high-density memory devices.

The spintronics market size is expected to see exponential growth in the next few years. It will grow to$3.95 billion in 2029 at a compound annual growth rate (CAGR) of 24.3%. The growth in the forecast period can be attributed to the increasing demand for high-speed memory solutions, the rising production of spintronic-based hard disk drives (HDDs), growing consumer preference for energy-efficient electronics, expanding use of spintronic devices, and a heightened focus on non-volatile memory solutions. Key trends expected during this period include integration with electric vehicles, performance enhancements, the development of advanced driver assistance systems, advancements in nanotechnology, and continued improvements in spintronics materials.

The rising demand for consumer electronics is expected to drive the growth of the spintronics market in the coming years. Consumer electronics, which include everyday devices such as smartphones, laptops, TVs, gaming consoles, and smart home products, are becoming more integrated into daily life, boosting communication, productivity, and convenience. This integration is also evolving to meet changing consumer needs and lifestyles. Spintronics plays a vital role in enhancing consumer electronics by providing faster, more efficient data processing, reduced power consumption, and improved magnetic storage capabilities, which enhance performance in speed, energy efficiency, and data storage. For example, in January 2023, LG, a South Korean consumer electronics company, reported its highest-ever annual revenue for 2022, with a 12.9% increase compared to 2021. Its Home Appliance & Air Solution Company alone generated $21.03 billion (KRW 29.9 trillion), a 10.3% growth from the previous year. As a result, the rising demand for consumer electronics is significantly contributing to the expansion of the spintronics market.

Key players in the spintronics market are focusing on developing innovative solutions, such as spin-memristors, to improve data storage efficiency and enable ultra-low-power neuromorphic computing. Spin-memristors are advanced memory devices that combine spintronics (spin-based electronics) with resistive switching to deliver ultra-low power, non-volatile data storage and neuromorphic computing capabilities. For instance, in October 2024, TDK Corporation, a Japanese electronics company, unveiled a cutting-edge spin-memristor designed for neuromorphic devices. This breakthrough utilizes spintronics technology to reduce AI power consumption by up to 1/100th of current levels. Unlike conventional digital memory, which uses binary signals (0 or 1), the spin-memristor stores data in analog form, mimicking the brain's energy-efficient processing. Similar to magnetoresistive random-access memory (MRAM), the spin-memristor uses magnetic domains that change conductance in response to applied currents, boosting computational efficiency and promoting sustainability in AI systems.

In October 2023, Allegro MicroSystems, a semiconductor company based in the United States, acquired Crocus Technology for $420 million. This acquisition is aimed at accelerating Allegro MicroSystems' tunneling magnetoresistance (TMR) strategy, strengthening its leadership in the magnetic sensing market, enhancing its advanced sensor technology capabilities, and expanding the use of TMR technology in high-growth industries. Crocus Technology, also based in the United States, specializes in spintronics, particularly in the development of advanced magnetic sensors based on TMR technology.

Major players in the spintronics market are Samsung Electronics Co. Ltd., Intel Corporation, International Business Machines Corporation, SK Hynix Inc., Qualcomm Incorporated, Micron Technology Inc., Applied Materials, Western Digital Corporation, Infineon Technologies AG, Seagate Technology Holdings PLC, Allegro Microsystems, Everspin Technologies, Tamagawa Seiki Co. Ltd., NVE Corporation, Spin Memory Inc., TAKACHI Enclosure, Micromem, Spintronics Inc., Plures Technologies, and Antaios Inc.

North America was the largest region in the spintronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in spintronics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the spintronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spintronics market consists of revenues earned by entities by providing services such as magnetoresistive random-access memory (MRAM) development, spintronic sensor manufacturing, spin-based logic device development, non-volatile memory solutions, and spin-transfer torque (STT) technology implementation. The market value includes the value of related goods sold by the service provider or included within the service offering. The spintronics market includes sales of spintronic sensors, spintronic logic devices, spin-fets (field-effect transistors), spin-valve devices, and spintronic quantum computing hardware. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Spintronics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on spintronics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for spintronics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The spintronics market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product Type: Metal-Based Devices; Semiconductor-Based Devices
2) By Application: Electric Vehicles; Industrial Motors; Data Storage; Magnetic Sensing
3) By End-Users: Automotive; Industrial; Consumer Electronics; Healthcare; Information Technology And Telecom
Subsegments:
1) By Metal-Based Devices: Giant Magnetoresistance (GMR) Devices; Tunnel Magnetoresistance (TMR) Devices; Spin-Valve Devices; Spin-Transfer Torque (STT) Devices
2) By Semiconductor-Based Devices: Spin Field Effect Transistors (Spin FETs); Spin Diodes; Spin Logic Devices; Quantum Spintronics Devices
Companies Mentioned: Samsung Electronics Co. Ltd.; Intel Corporation; International Business Machines Corporation; SK Hynix Inc.; Qualcomm Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r35301

1. Executive Summary

2. Spintronics Market Characteristics

3. Spintronics Market Trends And Strategies

4. Spintronics Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

5. Global Spintronics Growth Analysis And Strategic Analysis Framework

5.1. Global Spintronics PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Spintronics Market Growth Rate Analysis
5.4. Global Spintronics Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Spintronics Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Spintronics Total Addressable Market (TAM)

6. Spintronics Market Segmentation

6.1. Global Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Metal-Based Devices
Semiconductor-Based Devices
6.2. Global Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Electric Vehicles
Industrial Motors
Data Storage
Magnetic Sensing
6.3. Global Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Automotive
Industrial
Consumer Electronics
Healthcare
Information Technology And Telecom
6.4. Global Spintronics Market, Sub-Segmentation Of Metal-Based Devices, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Giant Magnetoresistance (GMR) Devices
Tunnel Magnetoresistance (TMR) Devices
Spin-Valve Devices
Spin-Transfer Torque (STT) Devices
6.5. Global Spintronics Market, Sub-Segmentation Of Semiconductor-Based Devices, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Spin Field Effect Transistors (Spin FETs)
Spin Diodes
Spin Logic Devices
Quantum Spintronics Devices

7. Spintronics Market Regional And Country Analysis

7.1. Global Spintronics Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Spintronics Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Spintronics Market

8.1. Asia-Pacific Spintronics Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Spintronics Market

9.1. China Spintronics Market Overview
9.2. China Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Spintronics Market

10.1. India Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Spintronics Market

11.1. Japan Spintronics Market Overview
11.2. Japan Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Spintronics Market

12.1. Australia Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Spintronics Market

13.1. Indonesia Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Spintronics Market

14.1. South Korea Spintronics Market Overview
14.2. South Korea Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Spintronics Market

15.1. Western Europe Spintronics Market Overview
15.2. Western Europe Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Spintronics Market

16.1. UK Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Spintronics Market

17.1. Germany Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Spintronics Market

18.1. France Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Spintronics Market

19.1. Italy Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Spintronics Market

20.1. Spain Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Spintronics Market

21.1. Eastern Europe Spintronics Market Overview
21.2. Eastern Europe Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Spintronics Market

22.1. Russia Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Spintronics Market

23.1. North America Spintronics Market Overview
23.2. North America Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Spintronics Market

24.1. USA Spintronics Market Overview
24.2. USA Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Spintronics Market

25.1. Canada Spintronics Market Overview
25.2. Canada Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Spintronics Market

26.1. South America Spintronics Market Overview
26.2. South America Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Spintronics Market

27.1. Brazil Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Spintronics Market

28.1. Middle East Spintronics Market Overview
28.2. Middle East Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Spintronics Market

29.1. Africa Spintronics Market Overview
29.2. Africa Spintronics Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Spintronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Spintronics Market, Segmentation By End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Spintronics Market Competitive Landscape And Company Profiles

30.1. Spintronics Market Competitive Landscape
30.2. Spintronics Market Company Profiles
- 30.2.1. Samsung Electronics Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Intel Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. International Business Machines Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. SK Hynix Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Qualcomm Incorporated Overview, Products and Services, Strategy and Financial Analysis

31. Spintronics Market Other Major And Innovative Companies

31.1. Micron Technology Inc.
31.2. Applied Materials
31.3. Western Digital Corporation
31.4. Infineon Technologies AG
31.5. Seagate Technology Holdings PLC
31.6. Allegro Microsystems
31.7. Everspin Technologies
31.8. Tamagawa Seiki Co. Ltd.
31.9. NVE Corporation
31.10. Spin Memory Inc.
31.11. TAKACHI Enclosure
31.12. Micromem
31.13. Spintronics Inc.
31.14. Plures Technologies
31.15. Antaios Inc.

32. Global Spintronics Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Spintronics Market

34. Recent Developments In The Spintronics Market

35. Spintronics Market High Potential Countries, Segments and Strategies

35.1 Spintronics Market In 2029 - Countries Offering Most New Opportunities
35.2 Spintronics Market In 2029 - Segments Offering Most New Opportunities
35.3 Spintronics Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer