This “Spintronics-Global Market Trajectory and Analysis” Report has been added to ResearchAndMarkets.com provide.
During the COVID-19 crisis, the global market for spintronics is estimated at USD 460.5 million in 2020 and is expected to reach USD 2.2 billion by 2026, growing at a compound annual growth rate of 30.2% during the analysis period.
Magnetoresistive Random Access Memory (MRAM) is one of the market segments analyzed in the report and is expected to grow at a compound annual growth rate of 32.1% by the end of the analysis period, reaching 1.8 billion US dollars. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the radio frequency (RF) and microwave equipment sectors was re-adjusted to a revised compound annual growth rate of 28.9% over the next 7 years.
This segment currently accounts for 25.8% of the global spintronics market. The combination of MRAM and spintronics is expected to fundamentally change the data storage industry. The popularity of MRAM can be attributed to its non-volatility, high energy efficiency and unlimited read/write operations.
The global spintronics market will reach $2.2 billion by 2026
The scientific community is increasingly using the concept of spintronics to develop advanced equipment for new applications. The growth of the global market will be driven by the increasing number of applications in different industries and the influx of R&D investment to explore potential areas. The market is driven by increasing attention to quantum computing to reduce computational time and complexity.
The increasing use of digital data couplers based on spintronics for high-speed data transmission, and the increasing popularity of this technology in notebook computers and computers, are expected to promote market expansion. Products built around spintronics are increasingly used in products such as…
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