Every industry is dependent on the success of the semiconductor industry as the basic components, which are present in the semiconductor industry, drive all the devices across all industries whether it ranges from aerospace to retail to even healthcare. The bare minimum component from the semiconductor industry is driving the world. To take this to another level, we find that the minute data that is transmitted from one IC to another is essentially the ultimate reason why semiconductor and electronics function today. The negative charge, which is present in the atom of a component, is what is responsible for power or data being transmitted from one point to another. In basic physics, the atom consists of protons, neutrons and electrons. The neutrons have no charge while the electrons have a negative charge and the protons have an equal number of positive charges, which is equal to the number of electrons. So far, applications have been making use of the charge when an electron is excited, however the next level of electronics will involve in utilizing the spin of the electrons. Based on the spin, spintronic applications
will be able to drive the device in which it is embedded. The use of spintronics will ensure faster data and electrical transference and its first application is expected in the data storage market. It is expected that soon RAM will be replaced with spintronic, which will read and write data a lot faster than what is happening currently. Since the technology is still in the early growth stages, the impact of this technology during the forecast period is expected to be moderate, however, the technology will soon be looking at replacing all standard RAM which is present in the market in no time in order to ensure more reliable and faster processing systems.
In terms of regional contribution, the APAC market will witness the highest growth as the individual storage systems are manufactured and integrated in this region from where they are shipped to different regions. The APAC will continue to be the leading contributor to the market till well beyond the forecast period.The Spintronic Products & Applications Market can be segmented as
Following are just a few of the companies that are operating in the Spintronics Products & Applications market.
- on the basis of application
- Data Storage and Electronics
- In terms of industry
- Consumer Electronics, Industrial and Semiconductor
- By Geography
- North America, South America, APAC, Europe, Middle East and Africa
- Advanced Micro Sensors
- Everspin Technologies, Inc.
- IBM Corporation
- NVE Corporation
- Organic Spintronics
- Plures Technologies