Global Spintronics Industry

Global Spintronics Industry

  • October 2022 •
  • 194 pages •
  • Report ID: 5960168 •
  • Format: PDF

What’s New for 2022??

Global competitiveness and key competitor percentage market shares

Market presence across multiple geographies - Strong/Active/Niche/Trivial

Online interactive peer-to-peer collaborative bespoke updates

Access to our digital archives and MarketGlass Research Platform

Complimentary updates for one yearGlobal Spintronics Market to Reach $10.4 Billion by 2027
- In the changed post COVID-19 business landscape, the global market for Spintronics estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2027, growing at a CAGR of 31.5% over the analysis period 2020-2027. Magnetoresistive Random-Access Memory (MRAM), one of the segments analyzed in the report, is projected to record a 32.7% CAGR and reach US$7.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Radio Frequency (RF) & Microwave Devices segment is readjusted to a revised 30.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $593 Million, While China is Forecast to Grow at 40.7% CAGR
- The Spintronics market in the U.S. is estimated at US$593 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 40.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.5% and 26.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 30.9% CAGR.Magnetic Sensors Segment to Record 27.1% CAGR
- In the global Magnetic Sensors segment, USA, Canada, Japan, China and Europe will drive the 27.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$211.4 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 15 Featured)
Avalanche Technology Inc.
Crocus Technology
Everspin Technologies Inc.
IBM Corporation
NVE Corporation
Spindeco Technologies Oy
Synopsys, Inc.