The global market for nanomagnetics (materials and devices) is largely driven by the demand from the data storage sector. The data storage media is the largest end use segment, followed by diagnostics and biotechnology. Continuous new developments in the field of nanotechnology are expected to fuel the growth of the nonmagnetic market. Geographically, the U.S. is the largest market, but Japan is the fastest growing region due to its extensive work in the field, which has made it the hub for nanotechnology. Nanomagnetics is finding increased applications in medicine such as in drug delivery devices and diagnosis of diseases such as cancer and ailments of the brain or the heart. Applications in lighting, nanotools, IT (high capacity computers), telecom, chemical and life-science engineering, and other fields are also being developed and explored. In the storage media segment, the growth is primarily supported by demand for DVDs, magneto-resistive random access memory (MRAM), and in many other segments.
The growing demand and applications of nanotechnology are seeing increased adoption of nonmagnetic materials and devices across most industry verticals. Biotechnology, data storage and retrieval (read heads) are some of the key sectors driving the demand in the current global scenario. However, with the development of new applications in the automotive and manufacturing sector, nanomagnetic devices and materials have a high potential for growth in the near future. Nanomagnetics, which is an application of nanotechnology, can be defined as application of magnetic property of nanomaterials in the form of devices and systems, for various purposes across different verticals. Nanomaterials are ideally considered within dimensions of 30nm to 100nm. However, with further developments, particles below 30nm may also find extensive applications.
The nanomagnetics market, based on product types, can be classified into the following segments: Particulates, thin films, and bulk products. The market for nanomagnetics can also be segmented based on end use. These are: storage media, industrial applications, and biotechnology. The storage media currently has the leading players focusing on MRAMs, while industrial applications currently include seals, loudspeakers, refrigeration (magnetic), and dampers. In the field of biotechnology, applications of nanomagnetics are varied, and include the following key applications: MRI (magnetic resonance imaging), drug delivery, and MFH (magnetic fluid hyperthermia).
Some of the market players in this industry are: Fujitsu Laboratories, Ltd., IBM Corp., Liquids Research Ltd., Quantum Design, Bayer Schering Pharma AG, and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments