The China spintronics market
is anticipated to grow at a steady CAGR in the forecast period, 2023-2027.
Advancements in spintronics technology and high demand for electronic devices
are primarily driving the demand for China's spintronics market. Moreover, the
use of spintronics technology in quantum computing and high demand from the
automotive industry is expected to play a major role in boosting the growth of
China's spintronics market over the forecast period.
High Demand for Spintronics
in Electronic Devices Drives the Market Growth
China has one of the largest
electronics industries worldwide and is famous for producing inexpensive
consumer goods in large quantities. In the previous years, spintronics
technology has been increasingly used in data storage devices and the
microelectronics industry. Spintronics technology is preferred to store data
due to its active data transmission capabilities and higher data storage
capacity in comparison to traditional devices. Spintronics-based devices are
expected to replace electronic devices and offer greater performance at lower
power consumption rates. The advantages of using spintronics technology are
zero standby leakage, high endurance, nonvolatile nature, easy 3D integration
capability, and support for present-day electronic circuits based on CMOS
technology. The growing popularity of smart devices and internet of things
technology is increasing the demand for higher memory capable of handling
several functions at lower power which is expected to boost the China
spintronics market growth over the forecast period.
Advancements in Technology
Supports the Market Growth
High-end investments by the
market players to upgrade the existing infrastructure and find novel solutions
to improve performance and reduce power consumption are expected to create
lucrative growth opportunities for the market players over the next five years.
Recent advances in spintronics technology are generally based on nanometric
thin film-like structures, which comprise perpendicular magnetic anisotropy,
and the spin currents are utilized to produce changes in the magnetization of
the magnetic layer. Engineers are working on increasing the multilayer stacks
composed of alternated magnetic or non-magnetic metals. They can be utilized in
the next generation of magnetoresistive random-access memory (MRAM) devices.
The high demand from various end-user industries such as automotive,
industrial, consumer electronics, healthcare, IT, and telecom and ongoing
technological advancements are expected to propel the China spintronics market
growth over the forecast period.
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Market Segmentation
The
China spintronics market is segmented into
device
type, application, end user, regional distribution, and competitive landscape. Based
on device type, the market is divided into semiconductor based
spintronics, metallic based spintronics, alloy based spintronics. Based on
application, the market is divided into magnetic sensors, hard disks and
magnetic random access memory, electric vehicles, quantum computing, rf and
microwave devices, and others. Based on end user, the market is divided into automotive,
industrial, consumer electronics, healthcare, and IT and telecom. To analyze the market based
on the region, the China spintronics market is studied in major regions namely East
China, North China, North East China, South Central China, North West China, and
South West China.
Market Players
NVE Corporation, Everspin
Technologies Inc., Spin Memory Inc., Crocus Technology, Synopsys (QuantumWise),
Avalanche Technology, Intel Corporation, Atomistix A/S, Rhomap Ltd., Plures
Technologies, are the major market players operating in the China spintronics
market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Device Type
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Application
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End User
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Regional scope
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East China, North China, North East China, South Central China,
North West China, South West China
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Key companies profiled
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NVE Corporation, Everspin Technologies
Inc., Spin Memory Inc., Crocus Technology, Synopsys (QuantumWise), Avalanche
Technology, Intel Corporation, Atomistix A/S, Rhomap Ltd., Plures
Technologies
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, China spintronics
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- China Spintronics
Market, By Device Type:
- Semiconductor Based Spintronics
- Metallic Based Spintronics
- Alloy Based Spintronics
- China Spintronics Market, By Application:
- Magnetic Sensors
- Hard Disks and Magnetic Random Access Memory
- Electric Vehicles
- Quantum Computing
- RF and Microwave Devices
- Others
- China Spintronics Market, By End User:
- Automotive
- Industrial
- Consumer Electronics
- Healthcare
- IT and Telecom
- China Spintronics
Market, By Region:
- East China
- North China
- North East China
- South Central China
- North West China
- South West China
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in China spintronics market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
China spintronics market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]