How big is the Spintronics Market?

The Spintronics Market size is expected to reach USD 1.49 billion in 2024 and grow at a CAGR of 36.43% to reach USD 7.03 billion by 2029. Read More

What is the current Spintronics Market size?

In 2024, the Spintronics Market size is expected to reach USD 1.49 billion. Read More

Who are the key players in Spintronics Market?

NVE Corporation, Everspin Technologies Inc., Crocus Technology Inc. (Allegro Microsystems, Inc.), Synopsys Inc. and Avalanche Technology Inc. are the major companies operating in the Spintronics Market. Read More

Which is the fastest growing region in Spintronics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Spintronics Market?

In 2024, the North America accounts for the largest market share in Spintronics Market. Read More

What years does this Spintronics Market cover, and what was the market size in 2023?

In 2023, the Spintronics Market size was estimated at USD 0.95 billion. The report covers the Spintronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spintronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Spintronics Market - Share, Analysis & Size

Spintronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Spintronics Market Companies and It is Segmented by Type of Device (Metal-Based Devices (Giant Magneto Resistance-Based Devices, Tunnel Magneto Resistance-Based Devices, Spin-Transfer Torque Devices, and Spin-Wave Logic Devices) and Semiconductor-Based Devices (Spin Diode, Spin Filter, and Spin Field-Effect Transistor), Application (Electric Vehicles and Industrial Motors, Data Storage/MRAM, Magnetic Sensing, and Other Applications), and Geography (North America, Europe, Asia Pacific, Rest of the World). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Spintronics Industry Overview

The spintronics market is marked by continual product penetration, limited product distinction, and intense competition. Innovation plays a pivotal role in securing a competitive edge. Notably, key market players like Avalanche Technology, Everspin Technologies Inc., Synopsys Inc., NVE Corporation, and Crocus Technology Inc. (Allegro Microsystems, Inc.) have secured funding to bolster their product innovation in recent years.

In June 2023, Crocus Technology introduced the CT40x, a groundbreaking current sensing solution that redefines current sensing in dynamic, high-demand environments. With exceptional performance and accuracy, it caters to both contact and contactless current sensing applications, seamlessly integrating into diverse power systems. The CT40x TMR sensor ensures uncompromised performance compared to traditional Hall and MR alternatives, facilitating widespread adoption of TMR technology across the market.

In May 2023, NVE expanded its range of smart magnetometers by unveiling the SM223, a high-sensitivity variant of its tunnel magnetoresistance (TMR) smart magnetometers. The heightened sensitivity of this new component enables more precise position control for enhanced robotics and finer current measurement for more efficient motors.