Nano-Magnetic Devices Market

Executive Summary

Nano-Magnetic Devices Market was valued at US $10,890.86 million in 2021 and is projected to grow at 7.95% CAGR over the forecast period to reach US $17,233.41 million by 2027. Nano-Magnetic Devices Market represented US $1,544.86 million opportunity over 2019-2021 and estimated to create US $6,342.55 million opportunity in 2027 over 2021.

Nano-Magnetic Devices from Consainsights analyses the Nano-Magnetic Devices Market in the Technology & Media industry over the forecast period to 2027.

Nano-Magnetic Devices research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Nano-Magnetic Devices segmentation includes Type, End-use Vertical and Geography.

Based on the Type, the Nano-Magnetic Devices analysis covers Sensors, Data Storage Devices, Imaging Devices, Others.

In Type segment, Sensors segment has highest cagr growth of 7.04%.

Based on the End-use Vertical, the Nano-Magnetic Devices analysis covers IT & Telecom, Energy & Utilities, Healthcare, Other Verticals.

In End-use Vertical segment, IT & Telecom segment has highest cagr growth of 7.04%.

Based on the region, the Nano-Magnetic Devices analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include IBM Corporation, Fujitsu Limited, Nano Magnetics Ltd., Nanomagnetics Instruments, Siemens AG, Hitachi Metals America Limited, Honeywell International Inc. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Sensors segment has the highest revenue of US $5,631.54 million and is expected to grow at CAGR of 7.04% by 2027 Sensors segment has highest cagr growth of 7.04%.

Sensors

Sensors segment was valued at US $4,832.71 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $8,911.21 million by 2027. Sensors segment represented US $798.83 million opportunity over 2019-2021 and estimated to create US $3,279.66 million opportunity in 2027 over 2021.

Data Storage Devices

Data Storage Devices segment was valued at US $2,503.68 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $4,616.62 million by 2027. Data Storage Devices segment represented US $413.85 million opportunity over 2019-2021 and estimated to create US $1,699.09 million opportunity in 2027 over 2021.

Imaging Devices

Imaging Devices segment was valued at US $1,005.97 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $1,854.95 million by 2027. Imaging Devices segment represented US $166.28 million opportunity over 2019-2021 and estimated to create US $682.69 million opportunity in 2027 over 2021.

Others

Others segment was valued at US $1,003.63 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $1,850.63 million by 2027. Others segment represented US $165.90 million opportunity over 2019-2021 and estimated to create US $681.10 million opportunity in 2027 over 2021.

End-use Vertical

Introduction

In 2021, IT & Telecom segment has the highest revenue of US $4,694.50 million and is expected to grow at CAGR of 7.04% by 2027 IT & Telecom segment has highest cagr growth of 7.04%.

IT & Telecom

IT & Telecom segment was valued at US $4,028.59 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $7,428.45 million by 2027. IT & Telecom segment represented US $665.91 million opportunity over 2019-2021 and estimated to create US $2,733.95 million opportunity in 2027 over 2021.

Energy & Utilities

Energy & Utilities segment was valued at US $1,666.17 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $3,072.31 million by 2027. Energy & Utilities segment represented US $275.41 million opportunity over 2019-2021 and estimated to create US $1,130.73 million opportunity in 2027 over 2021.

Healthcare

Healthcare segment was valued at US $2,205.56 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $4,066.92 million by 2027. Healthcare segment represented US $364.57 million opportunity over 2019-2021 and estimated to create US $1,496.78 million opportunity in 2027 over 2021.

Other Verticals

Other Verticals segment was valued at US $1,445.67 million in 2019 and is projected to grow at 7.04% CAGR over the forecast period to reach US $2,665.73 million by 2027. Other Verticals segment represented US $238.96 million opportunity over 2019-2021 and estimated to create US $981.09 million opportunity in 2027 over 2021.