New York, June 24, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Spintronics Industry" - https://www.reportlinker.com/p05960168/?utm_source=GNW The concept revolves around the inherent spin of electrons and related magnetic moment along with the electronic charge in solid-state devices. Over the last few decades, spintronics has gained a notable attention from research institutions, design engineers, industries, governments, policy makers and investors. The concept of spintronics is being increasingly exploited by the scientific community to come up with advanced devices for novel applications. Growth in the global market is set to be driven by increasing number of applications across different industries and significant influx of R&D investments to explore potential areas. The market is propelled by rising focus on quantum computing to reduce computation time and complexity. The increasing use of spintronics-based digital data couplers for high-speed data transfer along with rising uptake of the technology in laptops and computers is poised to fuel the market expansion. Products built around spintronics are finding increasing use in applications like data storage, electric vehicles, MRAM and industrial motors. The technology offers enhanced storage and data transfer capability in comparison to traditional storage devices, which is driving its demand from data storage devices.
- Amid the COVID-19 crisis, the global market for Spintronics estimated at US$460.5 Million in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 30.2% over the analysis period. Magnetoresistive Random-Access Memory (MRAM), one of the segments analyzed in the report, is projected to grow at a 32.1% CAGR to reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Radio Frequency (RF) & Microwave Devices segment is readjusted to a revised 28.9% CAGR for the next 7-year period. This segment currently accounts for a 25.8% share of the global Spintronics market. The combination of MRAM and spintronics is anticipated to radically transform the data storage industry. The popularity of MRAMs can be credited to their non-volatile nature, power-efficiency and unlimited read/write operations.
- The U.S. Market is Estimated at $238.2 Million in 2021, While China is Forecast to Reach $663.3 Million by 2026
- The Spintronics market in the U.S. is estimated at US$238.2 Million in the year 2021. The country currently accounts for a 42.71% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$663.3 Million in the year 2026 trailing a CAGR of 39.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.6% and 25.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 29.2% CAGR while Rest of European market (as defined in the study) will reach US$914.1 Million by the end of the analysis period. North America is a leading data center hub and witnessing increasing focus on high-bandwidth data center facilities. The regional market is also buoyed by rising penetration of cloud computing and investment in fiber optic cables to ensure high-speed data communication. Increasing acceptance of cloud storage, electric vehicles and IoT devices is anticipated to provide a significant boost to spintronics devices across the region.
Magnetic Sensors Segment to Reach $345.6 Million by 2026
- Spintronics, mainly in magnetic sensors, is undergoing notable evolution in terms of resolution, size, sensitivity and power consumption. In recent years, spintronic sensors in form of solid-state magnetic sensors have attracted significant interest owing to attributes such as high sensitivity, compactness, low power consumption, wide bandwidth, and CMOS compatibility. In the global Magnetic Sensors segment, USA, Canada, Japan, China and Europe will drive the 25.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$81.3 Million in the year 2020 will reach a projected size of US$394.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.9 Million by the year 2026. Select Competitors (Total 17 Featured)
Read the full report: https://www.reportlinker.com/p05960168/?utm_source=GNW
CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW Impact of Covid-19 and a Looming Global Recession 2020 Marked as a Year of Disruption & Transformation EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022 How the IT Industry Has Been Impacted by the Pandemic & What?s the New Normal? EXHIBIT 2: Global Information Technology Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 through 2025 Semiconductor Industry EXHIBIT 3: Global Semiconductor Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 through 2025 Sensors EXHIBIT 4: Global Sensors Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 through 2025 Spintronics: A Prelude Spintronics to Facilitate Transition from Traditional to Sophisticated Electronic Devices Outlook Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS Spintronics to Address Challenges in Microelectronics Miniaturization of Electronic Devices Spells Opportunities Spin-based Electronic Devices and Components Gather Demand Robust Outlook for EVs Opens New Avenues of Growth for EV Batteries EXHIBIT 5: Countries with Highest Share of Plug-in Electric Vehicles in New Passenger Cars Country % Share in New Passenger Cars EXHIBIT 6: Rise in Demand for EVs Unravels Potential Opportunities for Spinotronics: Global Electric Car Fleet Size (In Thousand Units) for the Years 2016, 2018, 2020, and 2022 Potential use of Spintronics in Quantum Computing EXHIBIT 7: World Quantum Computing Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Space & Defense, Transportation, Healthcare, Banking & Finance, and Other End -Uses Spintronic Devices for Energy-Efficient Data Storage EXHIBIT 8: Total Installed Based of Data Storage Capacity: 2019, 2020, and 2024 (in zettabytes) Spintronics to Transform Data Storage Recent Advances in Two-Dimensional Spintronics IoT Era Opens New Avenues for Growth EXHIBIT 9: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025 Growing Concept of Smart Buildings and Need for Efficient Energy Management Systems Open New Opportunities EXHIBIT 10: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025 EXHIBIT 11: Energy Use Efficiency & Wastages in the U.S. (In Quadrillion British Thermal Units) Smart Grids: A Potential Application EXHIBIT 12: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035 EXHIBIT 13: Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020 Rise in Demand PoC Diagnostics to Provide Growth Platform for Spintronics EXHIBIT 14: PoC Diagnostics Market in US$ Billion: 2015, 2020, and 2025 Material Innovations Give a Boost to Market Growth Graphene Evolves as a Viable Material for Spintronics Researchers Demonstrate the Potential of a New Quantum Material for Creating Two Spintronic Technologies Spintronics-Powered Memory Devices to Offer Perfect Blend of High-Performance & Low Power Scientists Explore Spintronics for Power-Efficient, High-Speed Wireless Communication Investigating Spintronics to Develop Novel Materials for Futuristic Electronic Circuits
4. GLOBAL MARKET PERSPECTIVE Table 1: World Current & Future Analysis for Spintronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 2: World 7-Year Perspective for Spintronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
Table 3: World Current & Future Analysis for Magnetoresistive Random-Access Memory (MRAM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 4: World 7-Year Perspective for Magnetoresistive Random-Access Memory (MRAM) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
Table 5: World Current & Future Analysis for Radio Frequency (RF) & Microwave Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 6: World 7-Year Perspective for Radio Frequency (RF) & Microwave Devices by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
Table 7: World Current & Future Analysis for Magnetic Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 8: World 7-Year Perspective for Magnetic Sensors by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
Table 9: World Current & Future Analysis for Automotive & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 10: World 7-Year Perspective for Automotive & Industrial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
Table 11: World Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 12: World 7-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
Table 13: World Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 14: World 7-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
Table 15: World Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 16: World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES Table 17: USA Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 18: USA 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 19: USA Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 20: USA 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
CANADA Table 21: Canada Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 22: Canada 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 23: Canada Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 24: Canada 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
JAPAN Table 25: Japan Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 26: Japan 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 27: Japan Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 28: Japan 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
CHINA Table 29: China Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 30: China 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 31: China Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 32: China 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
EUROPE Table 33: Europe Current & Future Analysis for Spintronics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 34: Europe 7-Year Perspective for Spintronics by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Table 35: Europe Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 36: Europe 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 37: Europe Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 38: Europe 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
FRANCE Table 39: France Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 40: France 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 41: France Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 42: France 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
GERMANY Table 43: Germany Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 44: Germany 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 45: Germany Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 46: Germany 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
ITALY Table 47: Italy Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 48: Italy 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 49: Italy Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 50: Italy 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
UNITED KINGDOM Table 51: UK Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 52: UK 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 53: UK Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 54: UK 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
REST OF EUROPE Table 55: Rest of Europe Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 56: Rest of Europe 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 57: Rest of Europe Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 58: Rest of Europe 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
ASIA-PACIFIC Table 59: Asia-Pacific Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 60: Asia-Pacific 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 61: Asia-Pacific Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 62: Asia-Pacific 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
REST OF WORLD Table 63: Rest of World Current & Future Analysis for Spintronics by Application - Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 64: Rest of World 7-Year Perspective for Spintronics by Application - Percentage Breakdown of Value Revenues for Magnetoresistive Random-Access Memory (MRAM), Radio Frequency (RF) & Microwave Devices and Magnetic Sensors for the Years 2020 & 2027
Table 65: Rest of World Current & Future Analysis for Spintronics by End-Use - Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 66: Rest of World 7-Year Perspective for Spintronics by End-Use - Percentage Breakdown of Value Revenues for Automotive & Industrial, IT & Telecom, Consumer Electronics and Other End-Uses for the Years 2020 & 2027
IV. COMPETITION Total Companies Profiled: 17Read the full report: https://www.reportlinker.com/p05960168/?utm_source=GNW
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Excerpt from:
Global Spintronics Market to Reach $2.2 Billion by 2026 - GlobeNewswire
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