According to the latest report by IMARC Group, titled “Spintronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Spintronics Market Report is expected to grow at a CAGR of XX% during 2021-2026.Spintronics, or spin electronics, are devices that detect and manipulate the electron spin in solid-state matter. They use spin-charge coupling in metallic systems for quantum and neuromorphic computing. Spintronics consist of magnetic layers to control the spin polarization and generate spin waves to carry current without transferring heat. They are commonly available in metal- and semiconductor-based variants. Metal-based spintronics includes giant magneto resistance-, tunnel magneto resistance-, spin-transfer torque and spin-wave logic-based devices. On the other hand, semiconductor-based variants include spin diode, spin filter and spin field-effect transistors. They are widely used to manufacture memory units, quantum dots, oscillators, lasers and integrated magnetic sensors.
Global Spintronics Market Trends:
The global spintronics market is primarily driven by the increasing demand for miniaturized microelectronic devices. Spintronics is widely integrated with nanotechnology to produce magnetic memory, stochastic computing and energy harvesting devices for faster data transmission capabilities. Moreover, the widespread product adoption in hybrid and electric vehicles (H/EV) is providing a thrust to the market growth. Spintronics aid in improving the battery performance of the vehicle and providing precise battery consumption estimates. Other factors, including the increasing utilization of spintronics in industrial motors, along with the rising demand for advanced consumer electronics, are anticipated to drive the market toward growth.
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Global Spintronics Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
Avalanche Technology, Crocus Technology, Everspin Technologies Inc., FUTEK Advanced Sensor Technology Inc., Intel Corporation, International Business Machines Corporation, Merck KGaA, NVE Corporation, Spin Memory Inc. and Synopsys Inc.
Breakup by Type:
Metal-Based Devices
Giant Magneto Resistance-Based Device (GMRs)
Tunnel Magneto Resistance-Based Device (TMRs)
Spin-Transfer Torque Device
Spin-Wave Logic Device
Semiconductor-Based Devices
Spin Diode
Spin Filter
Spin Field Effect Transistor (FETs)
Breakup by Application:
Magnetic Sensors
Hard Disks and MRAMs
Electric Vehicle and Industrial Motor
Quantum Computing
RF and Microwave Devices
Others
Breakup by End-Use:
Automotive
Consumer Electronics
Healthcare
IT and Telecom
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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