Press Release

Spintronics Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024


The “Spintronics Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Spintronics market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Spintronics market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The spintronics market was valued at USD 2.46 billion in 2018 and is expected to reach a value of USD 17.676 billion by 2024, at a CAGR of 47.04% over the forecast period (2019 – 2024). In recent years, spintronics has been extensively deployed in data storage devices, due to its faster data transmission capabilities and increased storage capacities, when compared to conventional storage devices.
  • – The spintronics market is at a nascent phase of development, with huge growth potential over the forecast period. There have been significant investments in research to develop suitable devices capable of being deployed across the world in a broad range of applications.
  • – There have been comprehensive experimental efforts to control the electron displacement over long distances, although maintaining electron spin coherence after transfer remains a challenge. Since individual electron spins can be displaced coherently over a distance of 5?µm, controlling the spin of electrons for long distances was a challenge for the industry.
  • – Products incorporated with spintronics technology have applications in an electric vehicle, industrial motor, data storage, MRAM, among other end-users discussed within the scope of this report.
  • – In recent years, spintronics has been extensively deployed in data storage devices, due to its faster data transmission capabilities and increased storage capacities, when compared to conventional storage devices.
  • – Incorporation of spintronics in MRAM resulted in a transformation of the data storage industry. Moreover, it is expected that MRAM will replace flash memory devices, such as SD cards, in the coming years.

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    In Spintronics Market Report, Following Companies Are Covered:

  • NVE Corporation
  • Everspin Technologies Inc.
  • Spin Transfer Technologies
  • Crocus Technology
  • Synopsys (QuantumWise)

    Spintronics Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Spintronics, also known as spin electronics, is the study of the intrinsic spin of the electron and its associated magnetic moment, in addition to its fundamental electronic charge, in solid-state devices. The field of spintronics concerns spin-charge coupling in metallic systems, the analogous effects in insulators fall into the field of multiferroics.

    Reasons for Buying Spintronics Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Giant Magnetoresistance-Based Devices to Hold the Largest Share in the Market Presently

    – The discovery of the giant magnetoresistance (GMR)-based devices has caused a paradigm shift in the electronics industry, bringing out new fields of science, such as magneto- electronics.
    – GMR is a quantum mechanical magnetoresistance effect that is formed when multilayers are composed of alternating ferromagnetic and non-magnetic conductive layers. GMR devices generally consist of a layer of non-magnetic metal between two magnetic metals.
    – GMR sensors are also deployed in the automobile industry for various applications, such as rotational speed, angle, and position. The current hybrid electric vehicles, such as the Toyota Prius, use integrated power electronics modules (IPEM) to reduce cost, package size and interconnects. A GMR point field detector is used for in-situ current measurement directly inside the IPEM module.
    – Therefore, with the increasing adoption of electric cars and hybrid electric cars, the adoption of GMR devices is also expected to grow over the forecast period.

    The United States to Account for a Significant Share

    – A significant rise in the demand for electric vehicles has been observed in the country, owing to energy and environmental concerns, driving the market for spintronics, which are integrated in electric vehicles. According to the Electric Vehicle Transportation Center, around 350000 EVs were sold in the United States in 2018.
    – The rapid decline in battery costs, rising commitment from major car makers, strong policy support from state and local governments, and low operational costs have put electric vehicles (EVs) on track to overtake gasoline-powered vehicles in the near future, owing to which the country will witness a significant demand for spintronics technology.
    – Moreover, in the United States, a wealth of private-sector businesses, academic institutions, and federal research-and-development laboratories are specifically focused on the advancement of MEMS and nanotechnology.
    – The Institute for Soldier Nanotechnologies at the Massachusetts Institute of Technology (MIT), founded by a USD 50 million contract with the US Army Research Office, is a research center in Cambridge, dedicated to developing nanotechnology to improve the survivability of soldiers.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Spintronics create from those of established entities?

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    Detailed TOC of Spintronics Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Demand for Spintronics in Electronic Devices, Due to Lesser Power Consumption
    4.3.2 Rising Need for Higher Data Transfer Speed and Increased Storage Capacity
    4.4 Market Restraints
    4.4.1 Controlling the Spin of Electrons for Long Distances
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5.1 By Types of Devices
    5.1.1 Metal-based Devices Giant Magneto Resistance-based Device (GMRs) Tunnel Magneto Resistance-based Device (TMRs) Spin-transfer Torque Device Spin-wave Logic Device
    5.1.2 Semiconductor-based Device Spin Diode Spin Filter Spin Field Effect Transistor (FETs)
    5.2 By Application
    5.2.1 Electric Vehicle
    5.2.2 Industrial Motor
    5.2.3 Data Storage
    5.2.4 Magnetic Random Access Memory (MRAM)
    5.2.5 Magnetic Sensing
    5.2.6 Other Applications (Semiconductor Laser, Magnetic Tunnel Transistor)
    5.3 Geography
    5.3.1 North America United States Canada
    5.3.2 Europe Germany United Kingdom France Rest of Europe
    5.3.3 Asia-Pacific China Japan India South Korea Rest of Asia-Pacific
    5.3.4 Rest of the World

    6.1 Company Profiles
    6.1.1 NVE Corporation
    6.1.2 Everspin Technologies Inc.
    6.1.3 Spin Transfer Technologies
    6.1.4 Crocus Technology
    6.1.5 Synopsys (QuantumWise)




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