North America 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: 57558
- Date: May, 2023
- Pages: 92
- Category: ICT & Media
North America spintronics market is projected to grow by 35.4% annually in the forecast period and reach $8,641.6 million by 2031, driven by the various advantages of spintronics over conventional electronics, the increasing deployment of electric vehicles (EV), a rising demand for magnetoresistive random-access memory (MRAM), the technological advancements along with the increase in government initiatives and investments.
Highlighted with 24 tables and 45 figures, this 92-page report “North America Spintronics Market 2023-2031 by Device Type (Metal-based, Semiconductor-based), Application (EV and Industrial Motor, MRAM, Magnetic Sensing, Semiconductor Laser, Others), Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America spintronics market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2023 till 2031 with 2022 as the base year.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America spintronics market in every aspect of the classification from perspectives of Device Type, Application, Industry Vertical, and Country.
Based on Device Type, the North America market is segmented into the following sub-markets with annual revenue ($ 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 North America 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 North America 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:
• U.S.
• Canada
• Mexico
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 North America 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) 44
3.2.2 Tunnel Magneto Resistance-based Device (TMRs) 45
3.2.3 Spin-transfer Torque Device 46
3.2.4 Spin-wave Logic Device 47
3.3 Semiconductor-based Devices 48
3.3.1 Spin Diode 49
3.3.2 Spin Filter 50
3.3.3 Spin Field Effect Transistor (FETs) 51
4 Segmentation of North America Market by Application 52
4.1 Market Overview by Application 52
4.2 Electric Vehicle and Industrial Motor 54
4.3 Data Storage/MRAM 55
4.4 Magnetic Sensing 56
4.5 Semiconductor Laser 57
4.6 Other Applications 58
5 Segmentation of North America Market by Industry Vertical 59
5.1 Market Overview by Industry Vertical 59
5.2 Automotive & Transportation 61
5.3 IT & Telecommunication 62
5.4 Electronics & Semiconductors 63
5.5 Manufacturing 64
5.6 Healthcare 65
5.7 Other Industry Verticals 66
6 North America Market 2021-2031 by Country 67
6.1 Overview of North America Market 67
6.2 U.S. 70
6.3 Canada 73
6.4 Mexico 75
7 Competitive Landscape 77
7.1 Overview of Key Vendors 77
7.2 New Product Launch, Partnership, Investment, and M&A 80
7.3 Company Profiles 81
Advanced MicroSensors Corporation 81
Atomistix A/S 83
Avalanche Technology Inc. 84
Crocus Technology 85
Everspin Technologies Inc. 86
IBM Corporation 87
Intel Corporation 88
NVE Corporation 89
Spin Memory Inc. 90
Synopsys (QuantumWise) 91
RELATED REPORTS 92
List of Tables
List of Tables:
Table 1. Snapshot of North America 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 North America Spintronics Market 32
Table 7. North America Spintronics Market by Device Type, 2021-2031, $ mn 40
Table 8. North America Spintronics Market: Metal-based Devices by Type, 2021-2031, $ mn 42
Table 9. North America Spintronics Market: Semiconductor-based Devices by Type, 2021-2031, $ mn 48
Table 10. North America Spintronics Market by Application, 2021-2031, $ mn 52
Table 11. North America Spintronics Market by Industry Vertical, 2021-2031, $ mn 59
Table 12. North America Spintronics Market by Country, 2021-2031, $ mn 68
Table 13. U.S. Spintronics Market by Device Type, 2021-2031, $ mn 72
Table 14. U.S. Spintronics Market by Application, 2021-2031, $ mn 72
Table 15. U.S. Spintronics Market by Industry Vertical, 2021-2031, $ mn 72
Table 16. Canada Spintronics Market by Device Type, 2021-2031, $ mn 74
Table 17. Canada Spintronics Market by Application, 2021-2031, $ mn 74
Table 18. Canada Spintronics Market by Industry Vertical, 2021-2031, $ mn 74
Table 19. Mexico Spintronics Market by Device Type, 2021-2031, $ mn 76
Table 20. Mexico Spintronics Market by Application, 2021-2031, $ mn 76
Table 21. Mexico Spintronics Market by Industry Vertical, 2021-2031, $ mn 76
Table 22. Advanced MicroSensors Corporation: Company Snapshot 81
Table 23. Advanced MicroSensors Corporation: Business Segmentation 82
Table 24. Advanced MicroSensors Corporation: Product Portfolio 82
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. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. Industry Value Chain Analysis 17
Figure 5. North America Spintronics Market, 2021-2031, $ mn 18
Figure 6. Impact of COVID-19 on Business 21
Figure 7. Primary Drivers and Impact Factors of North America 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 North America Spintronics Market 29
Figure 12. Investment Opportunity Analysis 33
Figure 13. Porter’s Fiver Forces Analysis of North America Spintronics Market 36
Figure 14. Breakdown of North America Spintronics Market by Device Type, 2021-2031, % of Revenue 41
Figure 15. North America Addressable Market Cap in 2022-2031 by Device Type, Value ($ mn) and Share (%) 41
Figure 16. North America Spintronics Market by Device Type: Metal-based Devices, 2021-2031, $ mn 42
Figure 17. North America Spintronics Market by Metal-based Devices: Giant Magneto Resistance-based Device (GMRs), 2021-2031, $ mn 44
Figure 18. North America Spintronics Market by Metal-based Devices: Tunnel Magneto Resistance-based Device (TMRs), 2021-2031, $ mn 45
Figure 19. North America Spintronics Market by Metal-based Devices: Spin-transfer Torque Device, 2021-2031, $ mn 46
Figure 20. North America Spintronics Market by Metal-based Devices: Spin-wave Logic Device, 2021-2031, $ mn 47
Figure 21. North America Spintronics Market by Device Type: Semiconductor-based Devices, 2021-2031, $ mn 48
Figure 22. North America Spintronics Market by Semiconductor-based Devices: Spin Diode, 2021-2031, $ mn 49
Figure 23. North America Spintronics Market by Semiconductor-based Devices: Spin Filter, 2021-2031, $ mn 50
Figure 24. North America Spintronics Market by Semiconductor-based Devices: Spin Field Effect Transistor (FETs), 2021-2031, $ mn 51
Figure 25. Breakdown of North America Spintronics Market by Application, 2021-2031, % of Sales Revenue 53
Figure 26. North America Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 53
Figure 27. North America Spintronics Market by Application: Electric Vehicle and Industrial Motor, 2021-2031, $ mn 54
Figure 28. North America Spintronics Market by Application: Data Storage/MRAM, 2021-2031, $ mn 55
Figure 29. North America Spintronics Market by Application: Magnetic Sensing, 2021-2031, $ mn 56
Figure 30. North America Spintronics Market by Application: Semiconductor Laser, 2021-2031, $ mn 57
Figure 31. North America Spintronics Market by Application: Other Applications, 2021-2031, $ mn 58
Figure 32. Breakdown of North America Spintronics Market by Industry Vertical, 2021-2031, % of Sales Revenue 60
Figure 33. North America Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 60
Figure 34. North America Spintronics Market by Industry Vertical: Automotive & Transportation, 2021-2031, $ mn 61
Figure 35. North America Spintronics Market by Industry Vertical: IT & Telecommunication, 2021-2031, $ mn 62
Figure 36. North America Spintronics Market by Industry Vertical: Electronics & Semiconductors, 2021-2031, $ mn 63
Figure 37. North America Spintronics Market by Industry Vertical: Manufacturing, 2021-2031, $ mn 64
Figure 38. North America Spintronics Market by Industry Vertical: Healthcare, 2021-2031, $ mn 65
Figure 39. North America Spintronics Market by Industry Vertical: Other Industry Verticals, 2021-2031, $ mn 66
Figure 40. Breakdown of North America Spintronics Market by Country, 2021 and 2031, % of Revenue 68
Figure 41. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 69
Figure 42. U.S. Spintronics Market, 2021-2031, $ mn 71
Figure 43. Canada Spintronics Market, 2021-2031, $ mn 73
Figure 44. Spintronics Market in Mexico, 2021-2031, $ mn 75
Figure 45. Growth Stage of North America Spintronics Industry over the Forecast Period 77
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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