Spintronics Market Research Reportβ€” Forecast till 2026

Spintronics Market Research Report: By Type (Metal-Based Devices (Giant Magneto Resistance-Based Device (GMR), Tunnel Magneto Resistance-Based Device (TMR), Spin-Transfer Torque Device, Spin-Wave Logic Device), Semiconductor-Based Device (Spin Diode, Spin Filter, Spin Field Effect Transistor (FET))), Application (Electric Vehicles, Industrial Motors, Data Storage, Magnetic Random Access Memory (MRAM), Semiconductor Lasers, Spintronics Couplers, Magnetic Sensing, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the ...

ID: MRFR/SEM/9035-HCR | March 2021 | Region: Global | 100 Pages         

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

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of Substitutes

4.1.4. Intensity of Rivalry

4.1.5. Bargaining Power of Suppliers

4.2. Value Chain/Supply Chain of the Global Spintronics Market

5. Market Overview of the Global Spintronics Market

5.1. Introduction

5.2. Growth Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Market Challenges

6. Global Spintronics Market,by Type

6.1. Introduction

6.2. Metal-Based Devices

6.2.1. Market Estimates & Forecast, 2018–2026

6.2.2. Market Estimates & Forecast, by Region, 2018–2026

6.2.3. Giant Magneto Resistance-Based Device (GMR)

6.2.3.1. Market Estimates & Forecast, 2018–2026

6.2.3.2. Market Estimates & Forecast, by Region, 2018–2026

6.2.4. Tunnel Magneto Resistance-Based Device (TMR)

6.2.4.1. Market Estimates & Forecast, 2018–2026

6.2.4.2. Market Estimates & Forecast, by Region, 2018–2026

6.2.5. Spin-Transfer Torque Device

6.2.5.1. Market Estimates & Forecast, 2018–2026

6.2.5.2. Market Estimates & Forecast, by Region, 2018–2026

6.2.6. Spin-Wave Logic Device

6.2.6.1. Market Estimates & Forecast, 2018–2026

6.2.6.2. Market Estimates & Forecast, by Region, 2018–2026

6.3. Semiconductor-Based Device

6.3.1. Market Estimates & Forecast, 2018–2026

6.3.2. Market Estimates & Forecast, by Region, 2018–2026

6.3.3. Spin Diode

6.3.3.1. Market Estimates & Forecast, 2018–2026

6.3.3.2. Market Estimates & Forecast, by Region, 2018–2026

6.3.4. Spin Filter

6.3.4.1. Market Estimates & Forecast, 2018–2026

6.3.4.2. Market Estimates & Forecast, by Region, 2018–2026

6.3.5. Spin Field Effect Transistor (FET)

6.3.5.1. Market Estimates & Forecast, 2018–2026

6.3.5.2. Market Estimates & Forecast, by Region, 2018–2026

7. Global Spintronics Market, by Application

7.1. Introduction

7.2. Electric Vehicles

7.2.1. Market Estimates & Forecast, 2018–2026

7.2.2. Market Estimates & Forecast, by Region, 2018–2026

7.3. Industrial Motors

7.3.1. Market Estimates & Forecast, 2018–2026

7.3.2. Market Estimates & Forecast, by Region, 2018–2026

7.4. Data Storage

7.4.1. Market Estimates & Forecast, 2018–2026

7.4.2. Market Estimates & Forecast, by Region, 2018–2026

7.5. Magnetic Random Access Memory (MRAM)

7.5.1. Market Estimates & Forecast, 2018–2026

7.5.2. Market Estimates & Forecast, by Region, 2018–2026

7.6. Semiconductor Lasers

7.6.1. Market Estimates & Forecast, 2018–2026

7.6.2. Market Estimates & Forecast, by Region, 2018–2026

7.7. Spintronics Couplers

7.7.1. Market Estimates & Forecast, 2018–2026

7.7.2. Market Estimates & Forecast, by Region, 2018–2026

7.8. Magnetic Sensing

7.8.1. Market Estimates & Forecast, 2018–2026

7.8.2. Market Estimates & Forecast, by Region, 2018–2026

7.9. Others

7.9.1. Market Estimates & Forecast, 2018–2026

7.9.2. Market Estimates & Forecast, by Region, 2018–2026

8. Global SpintronicsMarket, by Region

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2018–2026

8.2.2. Market Estimates & Forecast, by Type, 2018–2026

8.2.3. Market Estimates & Forecast, by Application, 2018–2026

8.2.4. US

8.2.4.1. Market Estimates & Forecast, by Type, 2018–2026

8.2.4.2. Market Estimates & Forecast, by Application, 2018–2026

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast, by Type, 2018–2026

8.2.5.2. Market Estimates & Forecast, by Application, 2018–2026

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast, by Type, 2018–2026

8.2.6.2. Market Estimates & Forecast, by Application, 2018–2026

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2018–2026

8.3.2. Market Estimates & Forecast, by Type, 2018–2026

8.3.3. Market Estimates & Forecast, by Application, 2018–2026

8.3.4. UK

8.3.4.1. Market Estimates & Forecast, by Type, 2018–2026

8.3.4.2. Market Estimates & Forecast, by Application, 2018–2026

8.3.5. Germany

8.3.5.1. Market Estimates & Forecast, by Type, 2018–2026

8.3.5.2. Market Estimates & Forecast, by Application, 2018–2026

8.3.6. France

8.3.6.1. Market Estimates & Forecast, by Type, 2018–2026

8.3.6.2. Market Estimates & Forecast, by Application, 2018–2026

8.3.7. Italy

8.3.7.1. Market Estimates & Forecast, by Type, 2018–2026

8.3.7.2. Market Estimates & Forecast, by Application, 2018–2026

8.3.8. Rest of Europe

8.3.8.1. Market Estimates & Forecast, by Type, 2018–2026

8.3.8.2. Market Estimates & Forecast, by Application, 2018–2026

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2018–2026

8.4.2. Market Estimates & Forecast, by Type, 2018–2026

8.4.3. Market Estimates & Forecast, by Application, 2018–2026

8.4.4. China

8.4.4.1. Market Estimates & Forecast, by Type, 2018–2026

8.4.4.2. Market Estimates & Forecast, by Application, 2018–2026

8.4.5. Japan

8.4.5.1. Market Estimates & Forecast, by Type, 2018–2026

8.4.5.2. Market Estimates & Forecast, by Application, 2018–2026

8.4.6. India

8.4.6.1. Market Estimates & Forecast, by Type, 2018–2026

8.4.6.2. Market Estimates & Forecast, by Application, 2018–2026

8.4.7. Rest of Asia-Pacific

8.4.7.1. Market Estimates & Forecast, by Type, 2018–2026

8.4.7.2. Market Estimates & Forecast, by Application, 2018–2026

8.5. Rest of the World

8.5.1. Market Estimates & Forecast, by, Country, 2018–2026

8.5.2. Market Estimates & Forecast, by Type, 2018–2026

8.5.3. Market Estimates & Forecast, by Application, 2018–2026

8.5.4. The Middle East & Africa

8.5.4.1. Market Estimates & Forecast, by Type, 2018–2026

8.5.4.2. Market Estimates & Forecast, by Application, 2018–2026

8.5.5. South America

8.5.5.1. Market Estimates & Forecast, by Type, 2018–2026

8.5.5.2. Market Estimates & Forecast, by Application, 2018–2026

9. Competitive Landscape

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

10.5. Spin Memory Inc.

10.5.1. Company Overview

10.5.2. Product/Business Segment Overview

10.5.3. Financial Updates

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. IBM Corporation (SpinAps)

10.6.1. Company Overview

10.6.2. Product/Business Segment Overview

10.6.3. Financial Updates

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Plures Technologies

10.7.1. Company Overview

10.7.2. Product/Business Segment Overview

10.7.3. Financial Updates

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. Organic Spintronics

10.8.1. Company Overview

10.8.2. Product/Business Segment Overview

10.8.3. Financial Updates

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. Advanced Micro Sensors Inc.

10.9.1. Company Overview

10.9.2. Product/Business Segment Overview

10.9.3. Financial Updates

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Intel Corporation

10.10.1. Company Overview

10.10.2. Product/Business Segment Overview

10.10.3. Financial Updates

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. Rhomap Ltd.

10.11.1. Company Overview

10.11.2. Product/Business Segment Overview

10.11.3. Financial Updates

10.11.4. Key Developments

10.11.5. SWOT Analysis

10.11.6. Key Strategies

10.12. Advanced MicroSensors Corporation (AMS)

10.12.1. Company Overview

10.12.2. Product/Business Segment Overview

10.12.3. Financial Updates

10.12.4. Key Developments

10.12.5. SWOT Analysis

10.12.6. Key Strategies

10.13. Atomistix A/S

10.13.1. Company Overview

10.13.2. Product/Business Segment Overview

10.13.3. Financial Updates

10.13.4. Key Developments

10.13.5. SWOT Analysis

10.13.6. Key Strategies

10.14. Freescale Semiconductor, Inc.

10.14.1. Company Overview

10.14.2. Product/Business Segment Overview

10.14.3. Financial Updates

10.14.4. Key Developments

10.14.5. SWOT Analysis

10.14.6. Key Strategies

10.15. Grandis

10.15.1. Company Overview

10.15.2. Product/Business Segment Overview

10.15.3. Financial Updates

10.15.4. Key Developments

10.15.5. SWOT Analysis

10.15.6. Key Strategies

11. Conclusion

 

LIST OF TABLES

Table1 Global Spintronics Market, by Country, 2018-2026

Table2 North America: Spintronics Market, by Country, 2018–2026

Table3 Europe: Spintronics Market, by Country, 2018–2026

Table4 Asia-Pacific: Spintronics Market, by Country, 2018–2026

Table5 SouthAmerica: Spintronics Market, by Country, 2018–2026

Table6 North America: Spintronics Market, by Country, 2018–2026

Table7 North America: Spintronics Market, by Type, 2018–2026

Table8 North America: Spintronics Market, by Application, 2018–2026

Table9 Europe: Spintronics Market, by Country, 2018–2026

Table10 Europe: Spintronics Market, by Type,2018–2026

Table11 Europe: Spintronics Market, by Application, 2018–2026

Table12 Asia-Pacific: Spintronics Market, by Country, 2018–2026

Table13 Asia-Pacific Spintronics Market, by Type, 2018–2026

Table14 Asia-Pacific: Spintronics Market, by Application, 2018–2026

Table15 Middle East & Africa: Spintronics Market, by Country, 2018–2026

Table16 Middle East & Africa: Spintronics Market, by Type, 2018–2026

Table17 Middle East & Africa: Spintronics Market, by Application, 2018–2026

Table18 South America: Spintronics Market, by Country, 2018–2026

Table19 SouthAmerica: Spintronics Market, by Type, 2018–2026

Table20 South America: Spintronics Market, by Application, 2018–2026

 

LIST OF FIGURES

Figure 1 Global Spintronics MarketSegmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of the Global Spintronics Market

Figure 4 Value Chain of the Global Spintronics Market

Figure 5 Share of the Global Spintronics Market in 2019, by country (in %)

Figure 6 Global Spintronics Market, 2018–2026

Figure 7 Share of the Global Spintronics Market by Industry, 2018–2026

Figure 8 Global Spintronics Market Size, by Type,2019

Figure 9 Share of the Global Spintronics Market, by Type,2018–2026

Figure 10 Global Spintronics Market Size, by Application, 2019

Figure 11 Share of the Global Spintronics Market, by Application, 2018–2026

Spintronics Market

Spintronics Market size exceeded USD 967.8 Million 2026 and is projected to expand at over 5.3% CAGR from 2020 to 2026.

Segmentation

By Type Metal Based Devices Spin Transfer Torque Device Spin Wave Logic Device Semiconductor Based Devices
By Application Electric Vehicles Industrial Motors Data Storage Semiconductor Lasers Spintronics Couplers

Key Players

  • NVE Corporation
  • Everspin Technologies Inc.
  • Crocus Technology Inc.
  • Synopsys (QuantumWise)
  • Spin Memory Inc.
  • IBM Corporation
  • Plures Technologies
  • Organic Spintronics
  • Intel Corporation
  • Rhomap Ltd.
  • Advanced Micro Sensors Inc.

Drivers

  • Integrated spintronics products have applications in electric vehicles MRAM Industrial Motors and Data Storage
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Spintronics Market Overview


The spintronics market size is expected to reach USD 967.8 Million by the end of the Spintronics Market Forecast in 2026, registering a CAGR of 5.3% during the forecast period. Spintronics (spin electronics) is the study of the inherent spin of electrons and their associated magnetic moment in solid-state devices, in addition to a fundamental electrical charge. In the realm of mass storage, spintronic devices are used. It is used to compress large amounts of data into a small space; for example, a single-sided 3.5′′ diameter disc can hold around one trillion bits per square inch (1.5 Gbit/mm2) or roughly one terabyte of data. The giant-magneto resistive (GMR) sandwich structure, which comprises alternating ferromagnetic and non-magnetic metal layers, aids in the creation of a prototype device that is utilized in the industry and Spintronics Market Growth as a read head and a memory-storage cell. The device resistance varies from tiny (parallel magnetizations) to big (multiple magnetizations) depending on the relative orientation of the magnetizations in the magnetic layers (antiparallel magnetizations). In general, spintronic technology has promise for digital electronics. It's been put to the test in mass-storage components like hard drives.


The latest spintronics advancements are based on nanometric thin film structures with perpendicular magnetic anisotropy, in which spin currents are used to change the magnetization of a magnetic layer. This effect is known as spin-orbit torque (SOT), and it can be enhanced by designing multilayer stacks with alternated magnetic and non-magnetic metals.


COVID 19 Analysis


The spintronics market is still in its early stages, with a large amount of the market reliant on research and technological advancements. Furthermore, the supply side of the market was impacted during COVID-19's initial phase due to worldwide lockdown and plant closures. The scenario, on the other hand, broadened the area of the market examined, as businesses such as data centers and cloud computing saw enormous increases in Spintronics Market Share, Spintronics Market Growth, demand, and usage during the Spintronics Market Analysis.


Market Dynamics


Drivers


Many key participants in the industry (Samsung, INTEL, TSMC, Global Foundries) have launched industrial production of a new type of magnetic memory - MRAMs - in recent years, giving spintronics a boost in the microelectronics market (Magnetic Random Access Memory). Controlling the spin of electrons over long distances was difficult for the industry since individual electron spins can be coherently moved over a distance of 5 m. Integrated spintronics products have applications in electric vehicles, MRAM, industrial motors, and data storage, among other end-users covered during the Spintronics Market Analysis.


Restraints


Although extensive experimental attempts have been made to control electron displacement across great distances, preserving electron spin coherence after transfer remains a challenge. Spintronic devices, such as magnetic tunnel junctions, now face challenges such as low working temperatures and material selection constraints. To overcome these limitations, organizations like EURAMET have launched new research and development initiatives. Spintronics technology, in practice, can combine the fundamental parts of magnetic storage devices with modern semiconductor microelectronics or nanoelectronics on a single chip during the Spintronics Market Forecast.


Technology Analysis


Spintronics is a new technology that is now being used in hard discs and sensors. Magnetic RAM is a next-generation spintronics device that uses the electron spin rather than its charge. Spintronics is defined as spin-based electronics in technical terms. The primary idea is to employ the electrons' spin rather than their charge, as well as the magnetic moment associated with it. This technology exemplifies a breakthrough that can be used on hard drives as well as digital devices. Its use allows for faster data transport, more computing power, and more memory, all of which will benefit expanding electronics markets. In comparison to other technologies, the spintronics market is still in its early stages; however, it is predicted to eliminate existing memory storage devices, resulting in energy-efficient processors and changing the architecture of future memory-storage devices, thus increasing the Spintronics Market Size and Spintronics Market Share. With this new technology, the electronics sector is projected to be transformed. MRAM technology is being developed by some international corporations to boost the efficiency and speed of memory storage devices. Magnetic sensors, spintronics couplers, and MRAMs are among the uses of spintronics technology.


Segment Overview


The Spintronics Market Report has been bifurcated into various segments that will help the market to achieve the highest CAGR during the forecast period. The market segments are as follows:


Spintronics Market, By Type



  • Metal-based devices

  • Giant magneto resistance-based device (GMR)

  • Tunnel magneto resistance-based device (TMR)

  • Spin-transfer torque device

  • Spin-wave logic device

  • Semiconductor-based devices

  • Spin diode

  • Spin filter

  • A spin field-effect transistor (FET)


Spintronics Market, By Application



  • Electric vehicles

  • Industrial motors

  • Data storage

  • Magnetic random access memory (MRAM)

  • Semiconductor lasers

  • Spintronics couplers

  • Magnetic sensing

  • Others


Spintronics Market, By Region



  • North America

  • Europe

  • Asia-Pacific

  • The rest of the world


Regional Classification


North America has led the worldwide Spintronics Market and is projected to continue to do so for the foreseeable future because of the presence of various Spintronics Market Key Players. The area of Asia-Pacific, on the other hand, is predicted to develop at the fastest rate during the forecast period. The growing demand for faster data transmission speeds and larger storage capacities is likely to propel the Spintronics Market in this area forward. Because of the high degree of research done by regional enterprises in the spintronics market and the increasing adoption of the technologies among regional end-user industries, North America is one of the leading investors and adopters of the researched industry. The majority of the spintronics market's primary end-user industries are rapidly developing in the region, allowing the market's vendors to expand significantly.


Competitive Landscape


The Global Spintronics Market is characterized by high levels of competition, minimal product differentiation, and gradually increasing levels of product penetration. Innovation is critical to gaining a competitive advantage. As a result, competitive rivalry is intense. These companies place a premium on innovation and, as a result, invest heavily in research and development to offer a cost-effective product portfolio. There have been recent mergers and acquisitions among the major players, a tactic used by businesses to expand their consumer base. The major Spintronics Market Key Players are as follows:



  • NVE Corporation

  • Everspin Technologies Inc.

  • Crocus Technology Inc.

  • Synopsys (QuantumWise)

  • Spin Memory Inc.

  • IBM Corporation

  • Plures Technologies

  • Organic Spintronics

  • Intel Corporation, Rhomap Ltd.

  • Advanced Micro Sensors Inc.

  • Advanced MicroSensors Corporation

  • Atomistix A/S

  • Freescale Semiconductor, Inc.

  • Grandis, Spindeco

  • Spintronics-Info

  • Avalanche Technology


Recent Developments



  • Crocus Technology Inc. has announced the release of isolated current sensors CT430 and CT431 with 1MHz bandwidth and 1% total error over the whole temperature range. Customers can optimize the system design for increased efficiency and smaller size thanks to the accurate and high-speed operating output.

  • Based on its latest Spin Transfer Torque Magneto-resistive RAM (STT-MRAM) technology, Avalanche Technology has announced the availability of new space-grade parallel asynchronous x16-interface high-reliability P-SRAM (Persistent SRAM) memory devices. These new products take up a fraction of the board area that Toggle-MRAM-based devices do for aerospace applications, and they use a quarter of the power that Toggle MRAM uses during reading operations.


Report Overview


The study examines the global wireless power market's driving forces, limitations, and opportunities, as well as industry trends and critical success criteria. The research also contains qualitative market analysis, which includes a full demand and capacity analysis of the wireless power industry, and market investment analysis. All significant corporations and research organizations operating in this subject are profiled in the paper. It shows the competitive landscape of the major businesses, as well as all of their significant growth initiatives. The research also examines the market's complete value chain, as well as industry trends in wireless power, with a focus on market timelines and technology roadmaps, as well as market and product life cycle analysis. The spintronics market is segmented into different types of technologies, existing and future applications, and geographic markets, according to the report. It also includes revenue forecasts as well as market trend analysis. In addition, the application section has been divided into subcategories to provide more in-depth coverage. The geographical study includes a detailed classification for the Americas (North and Latin America), Asia-Pacific, and Europe, which includes the major countries that make up the market. ROW has also been assigned to the Middle East and Africa.



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Frequently Asked Questions (FAQ) :

The spintronics market size is expected to reach USD 967.8 million by 2026.

The spintronics market is predicted to expand at 5.3% CAGR from 2020 to 2026.

The spintronics market is expected to thrive owing to spin electronics being used to increase the capacity of mass storage devices.

APAC can display a swift growth rate in the spintronics market.

Intel Corporation, NVE Corporation, Everspin Technologies Inc., Organic Spintronics, Spintronics-Info, IBM Corporation (SpinAps), Plures Technologies, Spin Memory Inc., Rhomap Ltd., Advanced MicroSensors Corporation (AMS), Avalanche Technology, Crocus Technology, Freescale Semiconductor, Inc., Spindeco, Synopsys (QuantumWise), Grandis, Advanced Micro Sensors Inc., and Atomistix A/S are key players of the spintronics market.