The North America Spintronic Logic Devices Market would witness market growth of 38% CAGR during the forecast period (2020-2026). Spintronics companies have also seen a steady rise in demand from electric cars, magnetic tunnels, sensors etc. for spintronic materials. Therefore, spintronics systems have plenty of prospects for development with respect to the future. Spintronics Industry is ramping up investment in R&D to reduce costs and diversify spintronic semiconductor applications. U.S. is predicted to dominate the Spintronics Industry by 2020 with the selling of electric vehicles picking up. With government legislation encouraging the use of environmentally friendly transport, demand for spintronics is expected to boom in the next few years.
Technological developments in the spintronics industry, especially in magnetic sensors such as high resolution, high sensitivity, compact size and low power consumption, contribute significantly to the growth of the global market for spintronic logic devices. However, a major industry limiting factor is the high implementation cost of the spintronics logic products. On the opposite, expanded policy support and investment for electric cars & electronics is projected to deliver attractive market growth prospects over the forecast period.
Based on Type, the market is segmented into Metal Based Devices and Semiconductor Based Devices. Metal Based Devices are further segmented into Spin -Transfer Torque Device, Tunnel-Magneto Resistance, Giant-Magneto Resistance and Others. Semiconductor Based Devices are further bifurcated across Spin Diode and Spin Filter & Spin Field Effect Transistor. Based on End User, the market is segmented into Industrial Motors, Electric Vehicles, Data Storage, Semiconductor Lasers, Magnetic Tunnel Transistor and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Spintronic Logic Devices Market in North America is expected to register a CAGR of 38% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, MTS Systems Corporation (PCB Piezotronics, Inc.), Kistler Group (Kistler Holding AG), Spectris PLC (HBM), Everspin Technologies, Inc., NVE Corporation, Crocus Technology, Inc., FUTEK Advanced Sensor Technology, Inc., Spin Memory, Inc., Sensor Technology Ltd.
Market Segmentation:
By Type
By End User
By Country
Companies Profiled
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