Global Spintronics Market Is Expected to Register a CAGR of 5.3%f rom 2024 to 2032

Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Spintronics Market.

Spintronics Market Highlights

Market Research Future (MRFR) announces the publication of its half-cooked research report—Global SpintronicsMarket 2024–2032.

According to Market Research Future, the global spintronics market has been segmented based on type, application, and region.

Spintronics technology utilizes both the intrinsic spin of an electron as well as its charge in transport devices. It is primarily concerned with solid-state systems and how manipulation of the electron spin state can result in appreciable changes in conductance. Spintronics – particularly in semiconductors and magnetic multilayers – has represented an engaging field of study and has become all important for applications in magnetic storage. In semiconductors, the SOC effect, in which carrier spins feel an effective momentum-dependent magnetic field, plays a crucial role in how spins are manipulated.

By type, the market has been segmented intothe market has been segmented intometal-based devices andsemiconductor-based devices. Among these, the metal-based devices are segmented into giant magneto resistance-based device (GMR), tunnel magneto resistance-based device (TMR), spin-transfer torque device, and spin-wave logic device, and the semiconductor-based devices are segmented into spin diode, spin filter, and spin field effect transistor (FET).While all-metal spintronic devices (magnetoelectronic) are mainly focused on memory devices, semiconductor spintronics is indispensable for logic and optoelectronic devices.

By application, the market has been segmented into (electric vehicles, industrial motors, data storage, magnetic random access memory (MRAM), semiconductor lasers, spintronics couplers, magnetic sensing, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The North American region has dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. Increasing demand for spintronics in electronic devices, due to lesser power consumption is expected to propel the market growth in this region. On the flip side, Asia-Pacific is expected to witness the fastest growth over the forecast period.Surge in government initiatives to increase connectivity in rural areas of developing economiesis one of the major factors fueling the market growth.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Spintronics market Research ReportKey Players

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