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Nano-magnetic Devices Market

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Nano-magnetic Devices Market

Nano-magnetic Devices Market (Product Type - Sensors (Biosensors and Bioassays and GMR Sensors), Separation, Data Storage (Hard Disks and MRAM), Medical and Genetics, and Imaging; End User - Electronics and IT, Medical and Healthcare, Energy, and Environment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Nano-magnetic Devices Market: Snapshot

The global nano-magnetic device market is driven by the increasing demand of nanotechnology.  There is a growing need for nanotechnology in advanced manufacturing owing to requirement of size reduction and compact performance of electronics. This technology has been majorly demanded by developed countries like France, the U.S., Australia and France amongst others. Apart from the rising demand of nanotechnology, the growing demand of energy efficient and effective devices is driving this market. Due to high volatility in climate and energy politics, energy efficiency devices are being demanded globally. Latest innovations in electronic devices are less time consuming and energy efficient alternatives. However, the global nano-magnetic device market is being restrained by the high cost of research and development for these devices. The manufacturing of nano-magnetic device involves expensive materials and procedures. It also requires time and skilled engineers that further increases the cost of research. The success rate of stability from these devices have been poor which eliminates fast adoptability in commercial applications. Industrial expenditure on R&D for these devices is also low but the increasing requirement of these innovations is expected to attract investments form major players.

The global nano-magnetic devices market was valued to reach US$7.2 bn at the end of 2016. The market’s revenue is expected to reach US$12.41 bn by the end of 2024, after expanding at a CAGR of 6.98% during forecast period between 2016 and 2024.

nano magnetics market

North America Tops Revenue Generation Rate in Global Nano-magnetic Device Market

In 2015, a substantial share of the global nano-magnetics device computing market was held by North America, owing to the high concentration of prominent manufacturers and users of nano-magnetics device in this region. Increasing infrastructural development and growing rate of urbanization have also been driving the overall North America nano-magnetic device market.  Moreover, the nano-magnetics device industry in North America has witnessed stable growth in the recent years and is expected to witness steady growth during the forecast period in this region from 2016 to 2024. The leading share of production for nano-magnetics devices in North America is currently being held by the U.S. due to the growing demand and applications of nanotechnology, and the increased adoption of nonmagnetic materials and devices across industry verticals.

This market for nano-magnetic devices in Asia Pacific is currently considered lucrative and growing at a fast rate. Countries in APAC such as Japan, China, and India, owing to growth in segments of data storage, sensors and medical & genetics as showing a high rate of use of nano-magnetic device. This demand is also expected to increase due to its growth in multiple applications across several verticals. India and Japan are faster-growing countries in the region. Technological advancement in Japan is leading to increasing demand for these devices, also several new application of these devices have been identified by automotive manufacturers in this region.

Increasing HVAC Spurs Use of Nano-magnetic Devices

The report segregates the global nano-magnetic devices market on the basis of types, into sensors, separation, data storage, medical and genetics, imaging, and others. Extensive usage of nano-magnetic sensors in a wide variety of fields such as healthcare, consumer electronics, environmental segment are driving the sensors market. Increasing demand of HVAC systems and building automation across all geographical areas has led to the growing demand of nano-magnetic devices in various verticals of manufacturing. The demand for centralized security access across the globe due to the rising apprehensions over security is dominant across the globe, the nano-magnetic sensors are very useful for security measure and various other forms of nano-magnetic devices are also adopted for security purposes.

Key market participants in the global nano-magnetic device market to date have included Intel Corporation (the U.S.), Samsung Electronics (South Korea), and LG Electronics Inc. (South Korea).

Growing Demand across Electronic Appliances to Propel the Growth Rate of the Nano-Magnetic Devices Market between 2016 and 2024

The nano-magnetic devices market is prognosticated to observe promising growth across the assessment period of 2016-2024 on the escalating demand for nanotechnology around the world. The growing adoption of modern electronic appliances among a considerable chunk of the global populace will propel the growth of the nano-magnetic devices market during the forecast period.

  • Nano-magnetic devices are prominently used in the electronics industry for reducing the size of an electronic product and also assist in increasing the longevity of a specific product. The penetration of these devices in a massive number of electronic appliances will bring immense growth prospects for the nano-magnetic devices market.
  • The players in the nano-magnetic devices market are investing heftily in research and development activities. These activities help the players in the nano-magnetic devices market to incur maximized sales. An increase in revenue eventually helps in boosting the growth rate of the nano-magnetic devices market. Strategic collaborations also assist the nano-magnetic devices market to observe inclining growth. These collaborations enable the players to cement their foothold in the nano-magnetic devices market.
  • Expansion activities are on the top priority of the players in the nano-magnetic devices market. These activities allow the players to explore novel insights and offer seamless product distribution to the end-users. Hence, all these factors bring tremendous growth opportunities for the nano-magnetic devices market.
  • The SARS-CoV-2 outbreak has caused disruptions across a large number of businesses and sectors around the globe. The imposition of strict lockdown restrictions by various countries to contain the deadly virus resulted in the closure of manufacturing units and production facilities. The sales of electronic appliances also observed a decline during the initial months of complete lockdown. Thus, all these factors proved to be growth obstacles for the nano-magnetic devices market.
  • Nevertheless, the relaxations announced by the governments of numerous countries to bring the economy on track will prove to be a golden opportunity for reviving the growth.

By Product Type
  • Sensors
    • Biosensors and bioassays
    • Giant magneto resistive (GMR) sensors
  • Separation
  • Data Storage
    • Hard disks
    • MRAM
    • Others
  • Medical and Genetics
  • Imaging
  • Others

By End-User Industry
  • Electronics & IT
  • Medical & Healthcare
  • Energy
  • Environment

 By Geography
  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa
  • Latin America

    Chapter 1 Preface

    Chapter 2 Assumptions and Research Methodology
    2.1 Assumptions and Acronyms Used
    2.2 Research Methodology 

    Chapter 3 Executive Summary
    3.1 Overview
    3.2 Executive Summary 
    3.3 Global Nano-magnetics Market, Regional Analysis

    Chapter 4 Market Overview
    4.1 Product Overview 
    4.2 Market Trend Analysis

    Chapter 5 Market Dynamics
    5.1 Drivers and Restraints Snapshot Analysis
    5.2 Drivers
    5.3 Restraints
    5.4 Opportunity Analysis
    5.5 Opportunities
    5.6 Global Nano-magnetics Market : Snapshot Analysis

    Chapter 6 Nano-magnetics Market Analysis By Product Type
    6.1 Introduction
    6.2 Global Nanomagnetics Market Value Share Analysis, By Product Type
    6.3 Nanomagnetics Market Forecast By Product Type
    6.4 Key Trends
    6.5 Nanomagnetics Market Forecast By Sensor
    6.6 Key Trends : Nano-magnetic Sensors
    6.7 Nanomagnetics Market Forecast By Data Storage
    6.8 Key Trends : Nano-magnetic Data Storage Device

    Chapter 7 Nanomagnetics Market Analysis By End User Industry
    7.1 Introduction
    7.2 Global Nanomagnetics Market Value Share Analysis, By End-User Industry
    7.3 Nanomagnetics Market Forecast By End-User Industry
    7.4 Key Trends

    Chapter 8 Nanomagnetics Market Analysis By Region
    8.1 Global Nanomagnetics Market Value Share Analysis, By Region
    8.2 Nanomagnetics Market Forecast, By Region

    Chapter 9 North America Nanomagnetics Market Analysis
    9.1 North America Market Value Share Analysis, By Product Type
    9.2 North America Market Forecast By Product Type
    9.3 North America Market Value Share Analysis, By End User Industry
    9.4 North America Market Forecast By End User Industry
    9.5 North America Market Value Share Analysis, By Country
    9.6 North America Market Forecast By Country

    Chapter 10 Europe Nanomagnetics Market Analysis
    10.1 Europe Market Value Share Analysis, By Product Type
    10.2 Europe Market Forecast By Product Type
    10.3 Europe Market Value Share Analysis, By End User Industry
    10.4 Europe Market Forecast By End User Industry
    10.5 Europe Market Value Share Analysis, By Country
    10.6 Europe Market Forecast By Country

    Chapter 11 Asia Pacific Nanomagnetics Market Analysis
    11.1 Asia Pacific Market Value Share Analysis, By Product Type
    11.2 Asia Pacific Market Forecast By Product Type
    11.3 Asia Pacific Market Value Share Analysis, By End User Industry
    11.4 Asia Pacific Market Forecast By End User Industry
    11.5 Asia Pacific Market Value Share Analysis, By Country
    11.6 Asia Pacific Market Forecast By Country

    Chapter 12 Middle East and Africa (MEA) Nanomagnetics Market Analysis
    12.1 Middle East and Africa Market Value Share Analysis, By Product Type
    12.2 Middle East and Africa Market Forecast By Product Type
    12.3 Middle East and Africa Market Value Share Analysis, By End User Industry
    12.4 Middle East and Africa Market Forecast By End User Industry
    12.5 Middle East and Africa Market Value Share Analysis, By Country
    12.6 Middle East and Africa Market Forecast By Country

    Chapter 13 South America Nanomagnetics Market Analysis
    13.1 South America Market Value Share Analysis, By Product Type
    13.2 South America Market Forecast By Product Type
    13.3 South America Market Value Share Analysis, By End User Industry
    13.4 South America Market Forecast By End User Industry
    13.5 South America Market Value Share Analysis, By Country
    13.6 South America Market Forecast By Country

    Chapter 14 Company Profiles
    14.1 IBM
           14.1.1 Company Details (HQ, Foundation Year, Employee Strength)
           14.1.2 Market Presence, By Segment and Geography
           14.1.3 Key Developments
           14.1.4 Strategy and Historical Roadmap
           14.1.5 Revenue and Operating Profits
    14.2 Intel Corporation 
           14.2.1 Company Details (HQ, Foundation Year, Employee Strength)
           14.2.2 Market Presence, By Segment and Geography
           14.2.3 Key Developments
           14.2.4 Strategy and Historical Roadmap
           14.2.5 Revenue and Operating Profits
    14.3 Samsung Electronics 
           14.3.1 Company Details (HQ, Foundation Year, Employee Strength)
           14.3.2 Market Presence, By Segment and Geography
           14.3.3 Key Developments
           14.3.4 Strategy and Historical Roadmap
           14.3.5 Revenue and Operating Profits
    14.4 LG Electronics Inc. 
           14.4.1 Company Details (HQ, Foundation Year, Employee Strength)
           14.4.2 Market Presence, By Segment and Geography
           14.4.3 Key Developments
           14.4.4 Strategy and Historical Roadmap
           14.4.5 Revenue and Operating Profits
    14.5 Fujitsu Limited 
           14.5.1 Company Details (HQ, Foundation Year, Employee Strength)
           14.5.2 Market Presence, By Segment and Geography
           14.5.3 Key Developments
           14.5.4 Strategy and Historical Roadmap
           14.5.5 Revenue and Operating Profits
    14.6 Microsoft Corporation
           14.6.1 Company Details (HQ, Foundation Year, Employee Strength)
           14.6.2 Market Presence, By Segment and Geography
           14.6.3 Key Developments
           14.6.4 Strategy and Historical Roadmap
           14.6.5 Revenue and Operating Profits

    List of Tables

    Table 1 Global Nanomagnetics Market Size (USD Bn) and Forecast, By Product Type, 2015–2024
    Table 2 Global Nanomagnetics Market Size (USD Bn) and Forecast, By Sensor, 2015–2024
    Table 3 Global Nanomagnetics Market Size (USD Bn) and Forecast, By Data Storage, 2015–2024
    Table 4 Global Nanomagnetics Market Size (USD Bn) and Volume (Units) Forecast, By Application, 2015–2024
    Table 5 Global Nanomagnetics Market Size (USD Bn) and Volume (Units) Forecast, By Region, 2015–2024
    Table 6 North America Nanomagnetics Market Size (USD Bn) Forecast, By Product Type, 2015–2024
    Table 7 North America Nanomagnetics Market Size (USD Bn) Forecast, By End User Industry, 2015–2024
    Table 8 North America Nanomagnetics Market Size (USD Bn) Forecast, By Country, 2015–2024
    Table 9 Europe Nanomagnetics Market Size (USD Bn) Forecast, By Product Type, 2015–2024
    Table 10 Europe Nanomagnetics Market Size (USD Bn) Forecast, By End User Industry, 2015–2024
    Table 11 Global Nanomagnetics Market Size (USD Bn), By Country, 2015–2024
    Table 12 Asia Pacific Nanomagnetics Market Size (USD Bn), By Product Type, 2015–2024
    Table 13 Asia Pacific Nanomagnetics Market Size (USD Bn), By End User Industry, 2015–2024
    Table 14 Asia Pacific Nanomagnetics Market Size (USD Bn) Forecast, By Country, 2015–2024
    Table 15 MEA Nanomagnetics Market Size (USD Bn) Forecast, By Product Type, 2015–2024
    Table 16 MEA Nanomagnetics Market Size (USD Bn) and Volume (Units) Forecast, By End User Industry, 2015–2024k
    Table 17 MEA Nanomagnetics Market Size (USD Bn) Forecast, By Country, 2015–2024
    Table 18 South America Nanomagnetics Market Size (USD Bn) Forecast, By Product Type, 2015–2024
    Table 19 South America Nanomagnetics Market Size (USD Bn) Forecast, By End User Industry, 2015–2024
    Table 20 South America Nanomagnetics Market Size (USD Bn) Forecast, By Country, 2015–2024

    List of Figures 

    Figure 1 Global Nano-magnetics Market Revenue, 2016-2024 (USD Billion)
    Figure 2 Global Nano-magnetics Market Size (USD Bn) Forecast, 2015–2024
    Figure 3 Global Nanomagnetics Market Value Share Analysis By Product Type, 2015 and 2024
    Figure 4 Global Nanomagnetics Market Value Share Analysis By End-User Industry, 2015 and 2024
    Figure 5 Global Nanomagnetics Market Value Share Analysis By Region, 2015 and 2024
    Figure 6 North America Market Value Share Analysis By Product Type, 2015 and 2024
    Figure 7 North America Market Value Share Analysis By End User Industry, 2015 and 2024
    Figure 8 North America Market Value Share Analysis By Country, 2015 and 2024
    Figure 9 Europe Market Value Share Analysis By Product Type, 2015 and 2024
    Figure 10 Europe Market Value Share Analysis By End User Industry, 2015 and 2024
    Figure 11 Europe Market Value Share Analysis By Country, 2015 and 2024
    Figure 12 Asia Pacific Market Value Share Analysis By Product Type, 2015 and 2024
    Figure 13 Asia Pacific Market Value Share Analysis By Application, 2015 and 2024
    Figure 14 Asia Pacific Market Value Share Analysis By Country, 2015 and 2024
    Figure 15 MEA Market Value Share Analysis By Product Type, 2015 and 2024
    Figure 16 MEA Market Value Share Analysis By End User Industry, 2015 and 2024
    Figure 17 MEA Market Value Share Analysis By Country, 2015 and 2024
    Figure 18 South America Market Value Share Analysis By Product Type, 2015 and 2024
    Figure 19 South America Market Value Share Analysis By End User Industry, 2015 and 2024
    Figure 20 South America Market Value Share Analysis By Country, 2015 and 2024

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