Global Spintronics Market Research Report 2023: Market to Reach $4 Billion by 2030 - Magnetoresistive Random-Access Memory (MRAM) Segment to Grow at a CAGR of 27%, Accounting for $2.8 Billion

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Feb 17, 2023, 05:00 ET

DUBLIN, Feb. 17, 2023 /PRNewswire/ --The "Spintronics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Spintronics Market to Reach $4 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Spintronics estimated at US$628.3 Million in the year 2022, is projected to reach a revised size of US$4 Billion by 2030, growing at a CAGR of 25.9% over the analysis period 2022-2030.

Magnetoresistive Random-Access Memory (MRAM), one of the segments analyzed in the report, is projected to record a 27% CAGR and reach US$2.8 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 24.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $232.5 Million, While China is Forecast to Grow at 30.7% CAGR

The Spintronics market in the U.S. is estimated at US$232.5 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 30.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.2% and 22% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.7% CAGR.

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
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 digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

Spintronics: An Introduction
Spintronics to Facilitate Transition from Traditional to Sophisticated Electronic Devices
Market Outlook
Spintronics to Power Semiconductor Innovations
Impact of Covid-19 and a Looming Global Recession
Disruption to Supply Chains and Delay in New Product Introductions Impact Spintronics Market
Global Economic Update
War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond
Here's How Inflationary Pressures Affect the Economy
Impact of Russia-Ukraine War
Stubbornly High Inflation to Single Handedly Drag Down Global Growth
Here's What's Causing the Current Spike in Inflation
Worsening Global Economic Situation to Play Spoilsport for Semiconductor Market in 2023
Competition
Spintronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors for 2023 (E)
Recent Market Activity

MARKET TRENDS & DRIVERS

Research Breakthroughs to Drive Spintronics Become a Mainstream Technology
Spintronics to Address Challenges in Microelectronics
Miniaturization of Electronic Devices Spell Opportunities
Spin-based Electronic Devices and Components Gather Demand
Robust Outlook for EVs Opens New Avenues of Growth
Growing Demand for EVs to Drive Demand for Spintronics Sensors
Potential use of Spintronics in Quantum Computing
Energy-Efficient Data Storage Hold Strong Potential
Evolving Capabilities Present MRAM as a Promising Memory Technology of the Future
Emergence of Next Generation Memory Technologies to Support Growth of MRAM Market
Spintronics to Transform Data Storage
Recent Advances in STT-MRAM
MRAM Moves into Embedded Space
Increasing Competitiveness of Embedded MRAM (eMRAM) with Other Memory Technologies
eMRAM Holds an Edge Over Other Memory Technologies: Comparing Power, Performance, Area, and Availability of SRAM, eMRAM, eFLASH, PCM, RRAM, and FeFET
Second Generation STT-MRAM to Grab Growing Share of MRAM Market
STT-RAM to Emerge as a Potential Leading Memory Type in the Embedded Emerging NVM Market
Emerging Non-Volatile Memory (NVM) Market
Challenges Confronting Fabrication and Testing of STT-RAM
Growing Memory Requirements of Data Centers to Propel MRAM Market
Power, Cost, and Time Saving Advantages of STT-MRAM to Drive Adoption in Hyperscale Data Centers
Rising Computing Needs of Consumer Electronic Devices: Opportunity for MRAM Market
MRAM Evolves as a Memory Solution for Intelligent and Connected Automobiles
Toggle MRAM Preps for 5G Revolution
Edge Computing to Drive Demand for MRAM
Spintronic Devices to Supplant CMOS Devices in Several Applications
IoT Era Opens New Avenues for Growth
Embedded MRAM Emerges as a Promising Technology for IoT Devices, Artificial Intelligence and Machine Learning
Rapidly Growing AI/ML Market Presents Growth Opportunities for MRAM Adoption
Growing Concept of Smart Buildings and Need for Efficient Energy Management Systems Open New Opportunities
Smart Grids: A Potential Application
Rise in Demand PoC Diagnostics to Provide Growth Platform for Spintronics
Upcoming Trends in the IoT Industry
Material Innovations Give a Boost to Market Growth
New Study Explores Potential of Topological Materials for Developing Ultrafast Spintronics
Graphene Evolves as a Viable Material for Spintronics
Graphene Flagship Paves Way for Novel Computing Technologies
Researchers Demonstrate the Potential of a New Quantum Material for Creating Two Spintronic Technologies
Spintronics-Powered Memory Devices to Offer Perfect Blend of High-Performance & Low Power
Scientists Explore Spintronics for Power-Efficient, High-Speed Wireless Communication
Investigating Spintronics to Develop Novel Materials for Futuristic Electronic Circuits
Creation and Observation of Hopfions Could Advance Next-Generation Spintronic Devices
Spintronics to Move Ahead with Innovative Approach for Direct Fabrication of Nanowires

FOCUS ON SELECT PLAYERS (Total 20 Featured)

Avalanche Technology Inc.
Crocus Technology
Everspin Technologies Inc.
IBM Corporation
NVE Corporation
Spindeco Technologies Oy
Synopsys, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/drjywm

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