Market Share of Nano-Magnetic Devices Industry
The nano-magnetic devices market is moderately competitive and comprises a significant number of regional and global players. These players account for a considerable share in the market and focusing on expanding their customer base across the globe. These vendors are focusing on the research and development investment in introducing new products & solutions, strategic alliances, and other organic & inorganic growth strategies to earn a competitive edge during the forecast period.
- In February 2020, Allegro MicroSystems, a significant player in power and sensing solutions, announced the launch of the back-biased GMR transmission speed and direction sensor, which is one type of nano-magnetic sensor product. The newly developed sensor product can reduce the system complexity and cost, resulting in improved fuel economy.
- In February 2020, Everspin Technologies Inc. announced the release of STT-Magnetoresistive RAM, specially designed for Industrial applications. The newly launched product helps to increase the reliability and performance of industrial systems where data persistence is critical.
Nano-Magnetic Devices Market Leaders
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IBM Corporation
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Fujitsu Limited
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Nanomagnetics Instruments
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Hitachi Metals America Limited
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
