DUBLIN--(BUSINESS WIRE)--The "Global Spintronics Market - By Type of Devices (Metal-based Devices, Semiconductor-based Devices), By Application (Electric Vehicles, Industrial Motors, Data Storage, MRAM, Magnetic Sensing) and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global spintronics market was valued at USD 1.677 billion in 2017, and is expected to reach a value of USD 17.676 billion by 2023, at a CAGR of 47.04% over the forecast period (2018-2023).
The global spintronics market is in the emerging phase.
In recent years, spintronics have been extensively deployed in data storage devices, due to their faster data transmission capabilities and increased storage capacity, compared to conventional storage devices. MRAM deployed with spintronics provides faster data reading and writing speeds. Furthermore, it consumes significantly low power compared to DRAM storage. These factors are expected to increase the demand for spintronics in the MRAM application segment.
In addition, demand of spintronics in portable devices has increased in past few years, due to its low power consumption tendency. Giant magneto resistance-based devices (GMRs) is expected to have the highest market share in the coming years, due to technological developments in the segment and increasing adoption of GMR effect in the hard disk drives.
Key Highlights
- Growing Need for Higher Data Transfer Speed and Increased Storage Capacity
- Increased Adoption of Electric Vehicles Drives the Spintronics Market
- China on Its Way to Accelerated Growth in the Spintronics Market, Witnessing a CAGR of 48.92%
Companies Profiled
- NVE Corporation
- Everspin Technologies Inc.
- Spin Transfer Technologies
- Crocus Technology
- Synopsys (QuantumWise)
Topics Covered
1. Introduction
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Global Spintronics Market - Segmented By Type of Devices
6. Global Spintronics Market - Segmented by Application
7. Global Spintronics Market - Segmented By Geography
8. Competitive Intelligence - Company Profiles
9. Investment Scenario
10. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/rvjtx9/the_global_market?w=4
