openPR Logo
Press release

Spintronics Market to Grow at 47.04% CAGR and Projected to Reach US$ 16.88 Million by 2023, Emerging Players: NVE CORPORATION, EVERSPIN TECHNOLOGIES, SPIN TRANSFER TECHNOLOGIES, CROCUS TECHNOLOGY, QUANTUMWISE

10-09-2018 07:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Prognosis

The global spintronics market was valued at USD 1.67 million in 2017, and is expected to reach a value of USD 16.88 million by 2023, at a CAGR of 47.04%, over 2018-2023 (the forecast period). The global spintronics market is segmented by type of devices, applications, and geography. Devices segment comprises of two type of devices, metal-based devices and semiconductor-based devices. Metal-based devices includes u2013 GMRs, TMRs, spin-transfer torque devices, and spin-wave logic devices. Semiconductor-based devices include u2013 spin diodes, spin filters, and spin field effect transistors (FETs). Applications segment consists of electric vehicles, industrial motors, data storage, magnetic random access memory (MRAM), magnetic sensing, semiconductor lasers, magnetic tunnel transistors, and others. Others application segment consists of semiconductor lasers and magnetic tunnel transistors. This report focuses on adoption of these solutions by various end users within India. The study also emphasizes on latest trends, industry activities, and vendor market activities.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/17283
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

The global spintronics market is in the emerging phase. Compared to conventional electronics, spintronics takes advantage of spin properties instead of, or in addition to, charge degrees of freedom. In recent years, spintronics have been extensively deployed in the 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 Developments in the Market
• October 2017: Spin Transfer Technologies secured USD 22.8 million funding from Allied Minds subsidiary, via a convertible bridge facility. The fund is operated for the development work of next-generation ST-MRAM, which is designed to achieve industry-leading speed, size, low-power consumption, and endurance.
• March 2016: Everspin Technologies joined the open power Foundation, an open development community, based on the power microprocessor architecture. This collaboration is expected to fulfill the efforts of Everspin, to revolutionize memory architecture, and also, the goals of open power, to enable next-generation server, storage, and networking systems.

Major Players:
NVE CORPORATION, EVERSPIN TECHNOLOGIES INC., SPIN TRANSFER TECHNOLOGIES, CROCUS TECHNOLOGY, QUANTUMWISE, amongst others.

Request Discount on this report @ https://marketprognosis.com/discount-request/17283
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Growing Need for Higher Data Transfer Speed and Increased Storage Capacity
The amount of data in the past decade has increased manifolds in the past decade. Moreover, data has become essential for all end-user industries, due to incorporation of data-driven decisions. These factors have increased the significant need for solutions, which increases the data processing power. Spintronics fulfills the needs of consumers, by enabling faster data transfer speeds and larger storage for data. MRAM is expected to replace flash memory devices, such as SD cards and compactflash.
Furthermore, companies in the MRAM business segment are on rise after the advent of spintronics. One such company, Everspin in 2017, launched a perpendicular spin-torque MRAM. It eliminates the need for batteries and supercapacitors in case of unexpected power failures.

Increased Adoption of Electric Vehicles drives the Spintronics Market
The increasing demand for lightweight construction and reduced battery operation space, weight, and power consumption in electric vehicles have driven the adoption of sensors. Automobile transportation has been witnessing a paradigm shift to higher fuel efficiency and cleaner running fuel/electric hybrids and plug-in electric vehicles. Government initiatives have been instrumental in encouraging the utilization of these vehicles. For instance, the US federal government enacted policies and legislations, such as The American Recovery and Reinvestment Act of 2009, which have promoted the penetration of EVs in the US market.
Major economies in Europe and America have also supported the advanced technology vehicle adoption through improvements to tax credits, investments in R&D, and competitive programs to encourage communities to invest in infrastructure supporting these vehicles.
The growing demand for ADAS (Advanced Driver Assistance Systems) and automated driving technologies in driving, turning, and braking has pushed manufacturers to adopt technologies that offer high-accuracy in motor control, through enhanced sensor capabilities providing high accuracy and safety.

China on Its Way to Accelerated Growth in the Spintronics Market, Witnessing a CAGR of 48.92%
China’s spintronics market’s growth is backed by government initiatives, like 13th Five-Year Plan, Internet, and Made in China 2025. The trend can directly be witnessed in the ongoing R&D initiatives within the country. Starting in 2013, China began experimenting on Spintronics, and maintains a steady growth. The country had around 4,085 citations and patents in 2016. The current storage solutions in demand in China are DRAM & SRAM, and if supported by technology, MRAM is expected to commercialize by 2022. High R&D capability in the region is likely to decrease the price of storage products in coming years. The Chinese government is encouraging foreign automakers to enter into 50/50 joint ventures, with Chinese companies, to make and sell cars and trucks in the Chinese market. In 2016, total vehicle sales in China reached over 28 million, up 13.7% from the previous year. 359,000 electric vehicles were sold in China compared to 159,000 in the United States.

Enquiry Before Buying@ https://marketprognosis.com/enquiry/17283
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Spintronics Market to Grow at 47.04% CAGR and Projected to Reach US$ 16.88 Million by 2023, Emerging Players: NVE CORPORATION, EVERSPIN TECHNOLOGIES, SPIN TRANSFER TECHNOLOGIES, CROCUS TECHNOLOGY, QUANTUMWISE here

News-ID: 1291738 • Views:

More Releases from Market Prognosis

Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innovations and Foreseen Till 2026 | FedEx, Exel Logistics, Menlo Worldwide Logistics, Ryder Logistics
Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innov …
The report covers a forecast and an analysis of the Third-Party Logistics (3PL) Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Third-Party Logistics (3PL) Market: The report spread across 90 pages is an overview of the Global Third-Party Logistics (3PL) Market. These report study based on the Third-Party
Ride-Hailing Market: An Insight on the Important Factors and Trends Influencing by Top Key Players (Didi, Uber, Lyft, Gett, Hailo, Ola Cabs, Cabify, GoCatch) | Foreseen Till 2026
Ride-Hailing Market: An Insight on the Important Factors and Trends Influencing …
The report covers a forecast and an analysis of the Ride-Hailing Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Ride-Hailing Market: The report spread across 90 pages is an overview of the Global Ride-Hailing Market. These report study based on the Ride-Hailing Market. It is a complete overview
COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry Insight and Growth Strategy by Business Players - AIG, Chubb (ACE), Allianz, XL Group, AXA, Aviva
COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry I …
The report covers a forecast and an analysis of the Professional Indemnity Insurance Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Professional Indemnity Insurance Market: The report spread across 90 pages is an overview of the Global Professional Indemnity Insurance Market. These report study based on the Professional
Modular Construction Market Future Growth Explored in Latest Research Report by 2026 | Komatsu, Kiewit, Skanska, L&T, Taisei, ACS Group, Bouygues Construction
Modular Construction Market Future Growth Explored in Latest Research Report by …
The report covers a forecast and an analysis of the Modular Construction Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Modular Construction Market: The report spread across 90 pages is an overview of the Global Modular Construction Market. These report study based on the Modular Construction Market. It

All 5 Releases


More Releases for MRAM

Global Toggle-MRAM Market Overview Report by 2020-2025
Global Info Research offers a latest published report on Toggle-MRAM Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Toggle-MRAM Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/Global-Toggle-MRAM_p507648.html Market Overview The Toggle-MRAM
Global Magneto Resistive RAM (MRAM) Sales Market Report 2017
Global Magneto Resistive RAM (MRAM) market competition by top manufacturers/players, with Magneto Resistive RAM (MRAM) sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including Avalanche Technology Everspin Technologies Honeywell International Intel Corporation NVE Corporation Qualcomm Incorporated Samsung Electronics Spin Transfer Technologies Toshiba Crocus Nano Electronics On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily
Magneto Resistive RAM (MRAM) Market: Technologies, Markets and Key Players
With a clear leadership of Everspin Technologies Inc., the global Magneto Resistive RAM (MRAM) Market demonstrate a highly consolidated structure, finds a report by Transparency market Research (TMR). The company alone occupied a share of more than 64% in the overall market in 2015. Spin Transfer Technologies, Avalanche Technology, Honeywell International, and Toshiba are some of the other leading manufacturers of MRAM across the world. Hitherto, these companies were focusing on
MRAM Industry International 2017 Trends and 2022 Forecasts
ReportsWeb.com has announced the addition of the “Global MRAM Industry 2017 Market Research Report” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. In this report, the global MRAM market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically,
MRAM Market Size 2017 Honeywell International, Avalanche Technology, Crocus Tech …
MRAM Market Research Report A market study ” Global MRAM Market ” examines the performance of the MRAM market Size 2017. It encloses an in-depth Research of the MRAM market state and the competitive landscape globally. This report analyzes the potential of MRAM market in the present and the future prospects from various angles in detail. The Global MRAM Market 2017 report includes MRAM market Size, Revenue, market Share, MRAM industry
Magneto Resistive RAM (MRAM) Market: Continued Demand for STT-MRAM to Create Gro …
With a clear leadership of Everspin Technologies Inc., the global market for magneto resistive RAM (MRAM) demonstrate a highly consolidated structure, finds a report by Transparency market Research (TMR). The company alone occupied a share of more than 64% in the overall market in 2015. Spin Transfer Technologies, Avalanche Technology, Honeywell International, and Toshiba are some of the other leading manufacturers of MRAM across the world. Obtain Report Details @ http://www.transparencymarketresearch.com/magneto-resistive-ram-market.html Hitherto, these