Spintronics Market Buoyed by Development of Low-Current Spintronics Devices in Japan

Spintronics is an emerging technology which makes use of the influence of charge, spin and magnetic moment of the electron for electrical conduction in an electronic device. The market for devices employing the spintronics technology is on rise at a

The Spintronics Market deals with the development, manufacture and distribution of spintronic materials and spintronic devices for next generation computers. Spintronics can be described as the observation of an electron’s intrinsic spin along with the associated magnetic moment and electronic charge.

The spintronics research undertaken by the Spintronics Market over the years has resulted in a few spintronics applications like solid state storage devices in next generation computers. The vast potential of semiconductor spintronics is slowly being realized in the form faster and smaller spintronic devices. Spintronic materials also satisfy the needs of modern consumers by enabling faster data transfer speeds and larger storage for data.

Spintronics companies have also witnessed a gradual rise in demand for spintronic materials from the electric vehicles, magnetic tunnels, sensors, etc. Hence, spintronics applications have plenty of growth opportunities as far as the future is concerned. The Spintronics Market is ramping up R&D investment to lower costs and diversify applications for semiconductor spintronics.

Scope & Regional Forecast of the Spintronics Market

The Spintronics Market currently figures prominently in the industry for hard drives. Spintronics companies are very excited with the prospect of quantum computing as complexity and time for completing tough computations like the weather are significantly reduced. Quantum computing is supposed to be the next big breakthrough in computer technology and spintronics research holds the key for unlocking it.

The Spintronics Market has noticed that electron spin is more conducive for undertaking complex calculations by utilizing quantum states. Spin-based devices are widely available because magnetic sensors have been widely adopted in various industries.

With the sale of electric vehicles picking up, U.S. is expected to dominate the Spintronics Market till 2020. With government regulations encouraging use of eco-friendly transportation, the demand for spintronics is expected to explode during the next few years.

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Segmentations & Key Players Involved in the Spintronics Market

According to IndustryARC findings, the Spintronics Market can be broken down into various segmentations on the basis of –

Device Type: Metal-based devices (Giant Magneto resistance based devices (GMRs), Tunnel Magneto resistance based devices (TMRs), Spin-transfer Torque devices, Spin-wave logic devices) and Semiconductor-based devices (Spin diodes, Spin filters, Spin Field Effect transistors (FETs)).

Application: Electric Vehicles, Industrial motors, Data Storage, Magnetic Random Access Memory (MRAM), Magnetic sensing, Semiconductor lasers, Magnetic tunnel transistors and Others.

Geographical Location: Asia-Pacific, Europe, North America, RoW.

Some of the key players involved in the Spintronics Market according to IndustryARC are as follows:

· Applied Spintronics Technology, Inc.

· Sigma-Aldrich Co. LLC.

· Everspin Technologies, Inc.

· Freescale Semiconductor, Inc.

· Spin Transfer Technologies, Inc.

· Spintronics International Pte. Ltd.

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