Spintronics Market

Executive Summary

Spintronics Market was valued at US $639.01 million in 2021 and is projected to grow at 5.92% CAGR over the forecast period to reach US $902.30 million by 2027. Spintronics Market represented US $69.42 million opportunity over 2019-2021 and estimated to create US $263.29 million opportunity in 2027 over 2021.

Spintronics from Consainsights analyses the Spintronics Market in the Technology & Media industry over the forecast period to 2027.

Spintronics 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.

Spintronics segmentation includes Types of Devices, Application and Geography.

Based on the Types of Devices, the Spintronics analysis covers Metal-based Devices, Semiconductor-based Device.

In Types of Devices segment, Metal-based Devices segment has highest cagr growth of 5.24%.

Based on the Application, the Spintronics analysis covers Electric Vehicle and Industrial Motor, Data Storage/MRAM, Magnetic Sensing, Other Applications.

In Application segment, Electric Vehicle and Industrial Motor segment has highest cagr growth of 5.24%.

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

Key companies operating in the market include NVE Corporation, Everspin Technologies Inc., Spin Memory Inc., Crocus Technology, Synopsys (QuantumWise), Avalanche Technology 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.

Types of Devices

Introduction

In 2021, Metal-based Devices segment has the highest revenue of US $274.48 million and is expected to grow at CAGR of 5.24% by 2027 Metal-based Devices segment has highest cagr growth of 5.24%.

Metal-based Devices

Metal-based Devices segment was valued at US $244.66 million in 2019 and is projected to grow at 5.24% CAGR over the forecast period to reach US $387.57 million by 2027. Metal-based Devices segment represented US $29.82 million opportunity over 2019-2021 and estimated to create US $113.09 million opportunity in 2027 over 2021.

Semiconductor-based Device

Semiconductor-based Device segment was valued at US $179.58 million in 2019 and is projected to grow at 5.24% CAGR over the forecast period to reach US $284.48 million by 2027. Semiconductor-based Device segment represented US $21.89 million opportunity over 2019-2021 and estimated to create US $83.01 million opportunity in 2027 over 2021.

Application

Introduction

In 2021, Electric Vehicle and Industrial Motor segment has the highest revenue of US $301.05 million and is expected to grow at CAGR of 5.24% by 2027 Electric Vehicle and Industrial Motor segment has highest cagr growth of 5.24%.

Electric Vehicle and Industrial Motor

Electric Vehicle and Industrial Motor segment was valued at US $268.34 million in 2019 and is projected to grow at 5.24% CAGR over the forecast period to reach US $425.09 million by 2027. Electric Vehicle and Industrial Motor segment represented US $32.71 million opportunity over 2019-2021 and estimated to create US $124.04 million opportunity in 2027 over 2021.

Data Storage/MRAM

Data Storage/MRAM segment was valued at US $171.46 million in 2019 and is projected to grow at 5.24% CAGR over the forecast period to reach US $271.62 million by 2027. Data Storage/MRAM segment represented US $20.90 million opportunity over 2019-2021 and estimated to create US $79.26 million opportunity in 2027 over 2021.

Magnetic Sensing

Magnetic Sensing segment was valued at US $111.60 million in 2019 and is projected to grow at 5.24% CAGR over the forecast period to reach US $176.79 million by 2027. Magnetic Sensing segment represented US $13.60 million opportunity over 2019-2021 and estimated to create US $51.59 million opportunity in 2027 over 2021.

Other Applications

Other Applications segment was valued at US $18.18 million in 2019 and is projected to grow at 5.24% CAGR over the forecast period to reach US $28.80 million by 2027. Other Applications segment represented US $2.22 million opportunity over 2019-2021 and estimated to create US $8.40 million opportunity in 2027 over 2021.