Asia Pacific Spintronics Market 2023-2031 by Device Type (Metal-based, Semiconductor-based), Application (EV and Industrial Motor, MRAM, Magnetic Sensing, Semiconductor Laser, Others), Industry Vertical, and Country: Trend Forecast and Growth Opportunity
- Report ID: 57560
- Date: May, 2023
- Pages: 97
- Category: ICT & Media
Asia Pacific spintronics market will grow by 39.3% annually with a total addressable market cap of $29,944.8 million over 2022-2031, driven by the various advantages of spintronics over conventional electronics, the increasing deployment of electric vehicles (EV), a rising demand for magnetoresistive random-access memory (MRAM), the technological advancements along with the increase in government initiatives and investments.
Highlighted with 31 tables and 48 figures, this 97-page report “Asia Pacific Spintronics Market 2023-2031 by Device Type (Metal-based, Semiconductor-based), Application (EV and Industrial Motor, MRAM, Magnetic Sensing, Semiconductor Laser, Others), Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Asia Pacific spintronics market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2023 till 2031 with 2022 as the base year.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific spintronics market in every aspect of the classification from perspectives of Device Type, Application, Industry Vertical, and Country.
Based on Device Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Metal-based Devices
o Giant Magneto Resistance-based Device (GMRs)
o Tunnel Magneto Resistance-based Device (TMRs)
o Spin-transfer Torque Device
o Spin-wave Logic Device
• Semiconductor-based Devices
o Spin Diode
o Spin Filter
o Spin Field Effect Transistor (FETs)
Based on Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Electric Vehicle and Industrial Motor
• Data Storage/MRAM
• Magnetic Sensing
• Semiconductor Laser
• Other Applications
By Industry Vertical, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Automotive & Transportation
• IT & Telecommunication
• Electronics & Semiconductors
• Manufacturing
• Healthcare
• Other Industry Verticals
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2031. The breakdown of national markets by Device Type, Application, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Advanced MicroSensors Corporation
Atomistix A/S
Avalanche Technology Inc.
Crocus Technology
Everspin Technologies Inc.
IBM Corporation
Intel Corporation
NVE Corporation
Spin Memory Inc.
Synopsys (QuantumWise)
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 21
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 29
2.4 Emerging Opportunities and Market Trends 32
2.5 Porter’s Fiver Forces Analysis 36
3 Segmentation of Asia Pacific Market by Device Type 40
3.1 Market Overview by Device Type 40
3.2 Metal-based Devices 42
3.2.1 Giant Magneto Resistance-based Device (GMRs) 43
3.2.2 Tunnel Magneto Resistance-based Device (TMRs) 44
3.2.3 Spin-transfer Torque Device 45
3.2.4 Spin-wave Logic Device 46
3.3 Semiconductor-based Devices 47
3.3.1 Spin Diode 48
3.3.2 Spin Filter 49
3.3.3 Spin Field Effect Transistor (FETs) 50
4 Segmentation of Asia Pacific Market by Application 51
4.1 Market Overview by Application 51
4.2 Electric Vehicle and Industrial Motor 53
4.3 Data Storage/MRAM 54
4.4 Magnetic Sensing 55
4.5 Semiconductor Laser 56
4.6 Other Applications 57
5 Segmentation of Asia Pacific Market by Industry Vertical 58
5.1 Market Overview by Industry Vertical 58
5.2 Automotive & Transportation 60
5.3 IT & Telecommunication 61
5.4 Electronics & Semiconductors 62
5.5 Manufacturing 63
5.6 Healthcare 64
5.7 Other Industry Verticals 65
6 Asia-Pacific Market 2021-2031 by Country 66
6.1 Overview of Asia-Pacific Market 66
6.2 Japan 69
6.3 China 72
6.4 Australia 74
6.5 India 76
6.6 South Korea 78
6.7 Rest of APAC Region 80
7 Competitive Landscape 82
7.1 Overview of Key Vendors 82
7.2 New Product Launch, Partnership, Investment, and M&A 85
7.3 Company Profiles 86
Advanced MicroSensors Corporation 86
Atomistix A/S 88
Avalanche Technology Inc. 89
Crocus Technology 90
Everspin Technologies Inc. 91
IBM Corporation 92
Intel Corporation 93
NVE Corporation 94
Spin Memory Inc. 95
Synopsys (QuantumWise) 96
RELATED REPORTS 97
List of Tables
List of Tables:
Table 1. Snapshot of Asia Pacific Spintronics Market in Balanced Perspective, 2021-2031 16
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Smartphone Connections, Average Network Connection Speed for Smartphones and Tablets, 2019-2030 26
Table 4. World Mobile Data Traffic by Deployment Mode, 2019-2030, EB/year 27
Table 5. World Mobile Data Traffic by Device, 2019-2030, EB/year 27
Table 6. Main Product Trends and Market Opportunities in Asia Pacific Spintronics Market 32
Table 7. Asia Pacific Spintronics Market by Device Type, 2021-2031, $ mn 40
Table 8. Asia Pacific Spintronics Market: Metal-based Devices by Type, 2021-2031, $ mn 42
Table 9. Asia Pacific Spintronics Market: Semiconductor-based Devices by Type, 2021-2031, $ mn 47
Table 10. Asia Pacific Spintronics Market by Application, 2021-2031, $ mn 51
Table 11. Asia Pacific Spintronics Market by Industry Vertical, 2021-2031, $ mn 58
Table 12. APAC Spintronics Market by Country, 2021-2031, $ mn 67
Table 13. Japan Spintronics Market by Device Type, 2021-2031, $ mn 71
Table 14. Japan Spintronics Market by Application, 2021-2031, $ mn 71
Table 15. Japan Spintronics Market by Industry Vertical, 2021-2031, $ mn 71
Table 16. China Spintronics Market by Device Type, 2021-2031, $ mn 73
Table 17. China Spintronics Market by Application, 2021-2031, $ mn 73
Table 18. China Spintronics Market by Industry Vertical, 2021-2031, $ mn 73
Table 19. Australia Spintronics Market by Device Type, 2021-2031, $ mn 75
Table 20. Australia Spintronics Market by Application, 2021-2031, $ mn 75
Table 21. Australia Spintronics Market by Industry Vertical, 2021-2031, $ mn 75
Table 22. India Spintronics Market by Device Type, 2021-2031, $ mn 77
Table 23. India Spintronics Market by Application, 2021-2031, $ mn 77
Table 24. India Spintronics Market by Industry Vertical, 2021-2031, $ mn 77
Table 25. South Korea Spintronics Market by Device Type, 2021-2031, $ mn 79
Table 26. South Korea Spintronics Market by Application, 2021-2031, $ mn 79
Table 27. South Korea Spintronics Market by Industry Vertical, 2021-2031, $ mn 79
Table 28. Spintronics Market in Rest of APAC by Country/Region, 2021-2031, $ mn 81
Table 29. Advanced MicroSensors Corporation: Company Snapshot 86
Table 30. Advanced MicroSensors Corporation: Business Segmentation 87
Table 31. Advanced MicroSensors Corporation: Product Portfolio 87
List of Figures
List of Figures:
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. Industry Value Chain Analysis 17
Figure 5. Asia Pacific Spintronics Market, 2021-2031, $ mn 18
Figure 6. Impact of COVID-19 on Business 21
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Spintronics Market 23
Figure 8. World 5G Traffic, 2019-2030, EB/year 26
Figure 9. World Electric Vehicle Market, 2019-2030, $ bn 28
Figure 10. World Data Center Accelerator Market, 2021-2031, $ mn 28
Figure 11. Primary Restraints and Impact Factors of Asia Pacific Spintronics Market 29
Figure 12. Investment Opportunity Analysis 33
Figure 13. Porter’s Fiver Forces Analysis of Asia Pacific Spintronics Market 36
Figure 14. Breakdown of Asia Pacific Spintronics Market by Device Type, 2021-2031, % of Revenue 41
Figure 15. Asia Pacific Addressable Market Cap in 2022-2031 by Device Type, Value ($ mn) and Share (%) 41
Figure 16. Asia Pacific Spintronics Market by Device Type: Metal-based Devices, 2021-2031, $ mn 42
Figure 17. Asia Pacific Spintronics Market by Metal-based Devices: Giant Magneto Resistance-based Device (GMRs), 2021-2031, $ mn 43
Figure 18. Asia Pacific Spintronics Market by Metal-based Devices: Tunnel Magneto Resistance-based Device (TMRs), 2021-2031, $ mn 44
Figure 19. Asia Pacific Spintronics Market by Metal-based Devices: Spin-transfer Torque Device, 2021-2031, $ mn 45
Figure 20. Asia Pacific Spintronics Market by Metal-based Devices: Spin-wave Logic Device, 2021-2031, $ mn 46
Figure 21. Asia Pacific Spintronics Market by Device Type: Semiconductor-based Devices, 2021-2031, $ mn 47
Figure 22. Asia Pacific Spintronics Market by Semiconductor-based Devices: Spin Diode, 2021-2031, $ mn 48
Figure 23. Asia Pacific Spintronics Market by Semiconductor-based Devices: Spin Filter, 2021-2031, $ mn 49
Figure 24. Asia Pacific Spintronics Market by Semiconductor-based Devices: Spin Field Effect Transistor (FETs), 2021-2031, $ mn 50
Figure 25. Breakdown of Asia Pacific Spintronics Market by Application, 2021-2031, % of Sales Revenue 52
Figure 26. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 52
Figure 27. Asia Pacific Spintronics Market by Application: Electric Vehicle and Industrial Motor, 2021-2031, $ mn 53
Figure 28. Asia Pacific Spintronics Market by Application: Data Storage/MRAM, 2021-2031, $ mn 54
Figure 29. Asia Pacific Spintronics Market by Application: Magnetic Sensing, 2021-2031, $ mn 55
Figure 30. Asia Pacific Spintronics Market by Application: Semiconductor Laser, 2021-2031, $ mn 56
Figure 31. Asia Pacific Spintronics Market by Application: Other Applications, 2021-2031, $ mn 57
Figure 32. Breakdown of Asia Pacific Spintronics Market by Industry Vertical, 2021-2031, % of Sales Revenue 59
Figure 33. Asia Pacific Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 59
Figure 34. Asia Pacific Spintronics Market by Industry Vertical: Automotive & Transportation, 2021-2031, $ mn 60
Figure 35. Asia Pacific Spintronics Market by Industry Vertical: IT & Telecommunication, 2021-2031, $ mn 61
Figure 36. Asia Pacific Spintronics Market by Industry Vertical: Electronics & Semiconductors, 2021-2031, $ mn 62
Figure 37. Asia Pacific Spintronics Market by Industry Vertical: Manufacturing, 2021-2031, $ mn 63
Figure 38. Asia Pacific Spintronics Market by Industry Vertical: Healthcare, 2021-2031, $ mn 64
Figure 39. Asia Pacific Spintronics Market by Industry Vertical: Other Industry Verticals, 2021-2031, $ mn 65
Figure 40. Breakdown of APAC Spintronics Market by Country, 2021 and 2031, % of Revenue 67
Figure 41. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 68
Figure 42. Spintronics Market in Japan, 2021-2031, $ mn 70
Figure 43. Spintronics Market in China, 2021-2031, $ mn 72
Figure 44. Spintronics Market in Australia, 2021-2031, $ mn 74
Figure 45. Spintronics Market in India, 2021-2031, $ mn 76
Figure 46. Spintronics Market in South Korea, 2021-2031, $ mn 78
Figure 47. Spintronics Market in Rest of APAC, 2021-2031, $ mn 80
Figure 48. Growth Stage of Asia Pacific Spintronics Industry over the Forecast Period 82
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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