Market Synopsis
The global spintronics market is estimated to reach USD 967.8 Millionby 2026, registering a CAGR of 5.3% during the forecast period of 2020–2026.
Spintronics (spin electronics) refers to the study of the intrinsic spin of the electrons and its associated magnetic moment, in addition to fundamental electronic charge in solid-state devices.Spintronic devices are used in the field of mass-storage devices. It is used to compress massive amounts of data into a small area, as an instance, approximately one trillion bits per square inch (1.5 Gbit/mm²) or roughly 1 TB data can be stored on a single-sided 3.5″ diameter disc. This technology helps in creating a prototype device which used in industry as a read head and a memory-storage cell is the giant-magneto resistive (GMR) sandwich structure which consists of alternating ferromagnetic and non-magnetic metal layers. Depending on the relative orientation of the magnetizations in the magnetic layers, the device resistance changes from small (parallel magnetizations) to large (antiparallel magnetizations). Spintronic technology in general holds promises for digital electronics. It has been tested in mass-storage components namely hard drives.
Segmentation
The global spintronics market has been segmented based on type, application, and region.
By type, the market has been segmented intometal-based devices andsemiconductor-based devices. Among these, the metal-based devices are segmented into giant magneto resistance-based device (GMR), tunnel magneto resistance-based device (TMR), spin-transfer torque device, and spin-wave logic device, and the semiconductor-based devices are segmented into spin diode, spin filter, and spin field effect transistor (FET).
By application, the market has been segmented into (electric vehicles, industrial motors, data storage, magnetic random access memory (MRAM), semiconductor lasers, spintronics couplers, magnetic sensing, and others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Spintronics Market, 2018–2026 (USD Million)
Source: MRFR Analysis
Regional Analysis
The global spintronics market is estimated to grow at a significant rate during the forecast period from 2020 to 2026. The geographic analysis of spintronicshas been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America). Among these regions, North America has dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. On the other hand, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. Rising need for higher data transfer speed and increased storage capacityis expected to fuel the market growth in this region.
Key Players
MRFR recognizes the keyplayers in the global spintronics market. These include 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. These players focus on innovation and thus, invest in research and development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Intended Audience
- Investors and Consultants
- Government Organizations
- Research/Consultancy Firms
- Manufacturers
- Industries
