Global Spintronics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Spintronics Market (henceforth referred to as the market studied) was valued at USD 591.8 million in 2021, and it is projected to be worth USD 5693.1 million by 2027, registering a CAGR of 39.2% during the period 2022-2027 (henceforth, referred to as the forecast period). The spintronics market is in its nascent stage, in which a significant portion of the market is still highly dependent on research and technological innovations. Moreover, the supply side of the market was affected at the initial phase of COVID-19 due to nationwide lockdown and factory closure across the world. However, the scenario expanded the scope of the market studied as the industries, like data centers and cloud computing, witnessed a massive surge in demand and adoption.
Key HighlightsThis Global Spintronics Market is characterized by steadily growing levels of product penetration, low product differentiation, and high levels of competition. Competitive advantage is heavily dependent on innovation. Some of the prominent market players, such as Spin Transfer Technologies and Crocus Technologies, received funding to enhance their product innovation in recent years. Thus, the intensity of competitive rivalry is high.
1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Market Drivers 4.2.1 Increasing Demand for Spintronics in Electronic Devices, Due to Lesser Power Consumption 4.2.2 Rising Need for Higher Data Transfer Speed and Increased Storage Capacity 4.3 Market Challenges 4.4 Industry Value Chain Analysis 4.5 Industry Attractiveness - Porter's Five Forces Analysis 4.5.1 Threat of New Entrants 4.5.2 Bargaining Power of Buyers 4.5.3 Bargaining Power of Suppliers 4.5.4 Threat of Substitute Products 4.5.5 Intensity of Competitive Rivalry 4.6 Assessment of COVID-19 Impact on the Market 5 SPINTRONICS PATENT LANDSCAPE 6 MARKET SEGMENTATION 6.1 Types of Devices 6.1.1 Metal-based Devices 6.1.1.1 Giant Magneto Resistance-based Device (GMRs) 6.1.1.2 Tunnel Magneto Resistance-based Device (TMRs) 6.1.1.3 Spin-transfer Torque Device 6.1.1.4 Spin-wave Logic Device 6.1.2 Semiconductor-based Device 6.1.2.1 Spin Diode 6.1.2.2 Spin Filter 6.1.2.3 Spin Field Effect Transistor (FETs) 6.2 Application 6.2.1 Electric Vehicle and Industrial Motor 6.2.2 Data Storage/MRAM 6.2.3 Magnetic Sensing 6.2.4 Other Applications 6.3 Geography 6.3.1 North America 6.3.2 Europe 6.3.3 Asia Pacific 6.3.4 Rest of the World 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles 7.1.1 NVE Corporation 7.1.2 Everspin Technologies Inc. 7.1.3 Spin Memory Inc. 7.1.4 Crocus Technology 7.1.5 Synopsys (QuantumWise) 7.1.6 Avalanche Technology 8 INVESTMENT ANALYSIS 9 FUTURE OF THE MARKET
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