Global Spintronics Market To Record Protruding Growth With US$ 4,908.7 Million By 2032

July 2023 | Report Format: Electronic (PDF)

The capacity of spintronics technology to address the current issue of rising power dissipation in electronic circuits while scaling down the technology has garnered a lot of attention in the last 10 years. With today's electronic circuits based on CMOS technology, spintronics-based architectures enable low power consumption, 0% standby leakage, infinite durability, good read and write performance, nonvolatile nature, and simple 3D integration capability. IoT and smart device trends have raised the need for memory components that can perform a variety of tasks while consuming little power, broadening the application of spintronics.

The scope of spintronics is anticipated to expand as a result of the global semiconductor industry's consistent investments in developing future technologies by highlighting advancements in materials, systems, and devices that can maintain and enhance storage, require low power with increased computational capacity of current ICs. Seagate Technology, a US-based data storage business, has conducted spintronic memristor research. Electronic circuit boards may potentially be replaced with spintronics-based transistors. One of the burgeoning subfields of nanotechnology is spintronics, which has expanded quickly.

Due to the extensive research conducted by regional businesses and the growing acceptance of technologies among regional end-user industries, North America is one of the leading investors and adopters in the examined industry. The majority of the key spintronics market end-user industries are making rapid strides in the area, which will allow suppliers to grow significantly over the projection period. For instance, the region is experiencing considerable growth in sectors like data centres, server RAID, industrial automation and IoT, and telecom infrastructure, which is generating demand for cutting-edge technologies like spintronics. Additionally, the majority of global market vendors are situated in the US, giving the region a significant competitive edge and ensuring its leadership in industry innovation.

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Spintronics Market Report Highlights

• In June 21, Micross Components announced expansion of its exclusive partnership with Avalanche Technology, the leader in next-generation MRAM Technology
• In March 2019, TDK Corporation announced the expansion of its Micronas linear Hall-effect sensor portfolio with the programmable HAL 1890.

SPINTRONICS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Spintronics Type Outlook (Revenue, USD Million, 2017 - 2032)

• Metal-based Devices
• Semiconductor-based Device

Spintronics Application Outlook (Revenue, USD Million, 2017 - 2032)

• Data Storage/MRAM
• Magnetic Sensing
• Others

Spintronics Regional Outlook (Revenue, USD Million, 2017 - 2032)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

List of Key Players- Spintronics Market

• NVE Corporation
• IBM
• Synopsys, Inc.
• Crocus Technology
• Intel Corporation
• Everspin Technologies, Inc.
• Spin Memory Inc.
• Avalanche Technology
• Merck KGaA

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