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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/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-301749666.html

SOURCE Research and Markets