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Spintronics Market World's Top Players Include Quantum Wise, NVE Corporation, Organic Spintronics, IBM Corporation, Plures Technologies, Advanced Micro Sensors, Everspin Technologies, Inc., Spin Transfer Technology, Crocus Technology, and Intel Corporatio

06-22-2019 08:25 AM CET | Industry, Real Estate & Construction

Press release from: Coherent Market Insights

Spintronics

Spintronics

Spintronics is spin-based electrons an emerging technology used in solid state device in order to study the electrons intrinsic spin. Spintronics technology has introduced magnetic RAM (MRAM). MRAM is expected to witness high adoption as compared to conventional RAM in near future, owing to its larger storage space and enhanced data transfer speed.

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Factors Driving Growth of the Spintronics Market

The major factor driving growth of the Spintronics market is growing adoption of IoT-based devices. For instance, according to the statistics published by Global System Mobile Association (GSMA), the number of industrial IoT connections is expected to increase from 3 billion to 14 billion from 2017 to 2025. This is attributed to rising adoption of solution for smart buildings (for heating, air conditioning, building security, lighting, office equipment, and automation), manufacturing (inventory tracking, monitoring and diagnostics, and warehouse management) and utilities (energy, water & gas smart metering, and smart grid solutions). Increasing demand for technologies such as Advanced Driver Assistance System (ADAS), self-driving technology, fleet management, smart homes, and connected vehicles among others is propelling demand for sensors which is integral part of these technology.

Regional Insight for Spintronics market

Asia Pacific holds the largest share in the global Spintronics market, followed by North America, owing to increasing adoption of IoT connections and technologies such as fleet management, smart homes, Advanced Driver Assistance System (ADAS), self-driving technology, and connected vehicles among others. China is expected to lead the Spintronics market in Asia Pacific region, owing to the support offered by government initiatives.

North America, which witnessed 1.2% share of electric vehicle in the same year. Thus, significant growth in sales of vehicles in China is driving growth of sensors and storage device as it is the integral part of vehicles. Hence, with the growing application of Spintronics in vehicles is fueling the Spintronics market growth.

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Key Players in Spintronics Market

Major players operating in the global Spintronics market include Quantum Wise, NVE Corporation, Organic Spintronics, IBM Corporation, Plures Technologies, Advanced Micro Sensors, Everspin Technologies, Inc., Spin Transfer Technology, Crocus Technology, and Intel Corporation.

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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