Emergen Research has recently published a detailed report on the global Nanomagnetics market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Nanomagnetics market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Nanomagnetics market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
The global nanomagnetics market size is expected to reach USD 11.61 Billion in 2028 and register a revenue CAGR of 2.9% over the forecast period. Global nanomagnetics market revenue growth is driven to a significant extent by rising demand from various end-use industries such as healthcare, electronics, and transportation. Nanomagnetics is an effective method in making materials lighter, stronger, reactive and durable. Demand for nanomagnetics has been steadily increasing owing to the ongoing product and device miniaturization trend in the market. Increase in investment in R&D of nanomagnetics and surge in demand for more-energy efficient and effective devices are other factors driving revenue growth of the market.
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Rising demand for Heating, Ventilation, and Air Conditioning (HVAC) systems and deployment of building automation solutions in various countries across the globe has been leading to increased demand for nanomagnetic devices. Nanomagnetic sensors find application in centralized security systems and rising focus on and need for enhanced safety and security is driving market growth. However, high cost of R&D and complex manufacturing process of nanomagnetics devices are key factors hampering market revenue growth.
Key players in the market include Samsung Electronics, Hitachi, Novanta Inc., IPG Photonics, Rofin-Sinar Technologies, LG Electronics, Osram, Amkor Technology, Tokyo Electron Limited, and Han\’s Laser Technology Industry Co., Ltd.
Emergen Research has segmented the global Nanomagnetics market on the basis of application, end-use, and region:
Application Outlook (Revenue, USD Billion; 2018–2028)
Magnetoresistive Random Access Memory (MRAM)
Giant Magnetoresistive (GMR) Sensors
Biosensors and Bioassays
Medical and Genetics
End-use Outlook (Revenue, USD Billion; 2018–2028)
Medical & Biotech
Manufacturing and Processing Industry
Key Findings from the Report:
In March 2020, MIP Diagnostics and Veravas announced an international agreement to improve diagnostics. It is a mutually beneficial agreement for the license, development, and supply of MIP specific for Veravas’ sample preparation technology. Veravas’s nanomagnetic particles will recognize, eliminate and measure substances from sample of patients to reduce the effects of complex interferences.
Data storage segment accounted for a significantly large revenue share in 2020 as several research studies are focusing on developing and implementing nanomagnetic materials for data storage, which is paving way for miniature data storage devices. Arrays of nanomagnetic materials could be deployed for producing hard disks with ultra-high-density storage or for development of solid-state memory with enhanced read/write speed and dense memory capacity. Benefits of nanomagnets in storage applications is due to nanomagnets’ hysteresis that is responsible for creation of two oppositely magnetized states that are capable of storing binary data.
Electronic segment accounted for a significantly large revenue share in 2020 due to increased application of nanomagnetic in electronics. Nanomagnetics are designed to boost electrical, thermal, and mechanical properties of electronic devices. Companies are producing large-scale nanomagnetic devices using nanoimprint lithography as it is a cost-effective procedure. Such initiatives are driving growth of this segment.
The Global Nanomagnetics Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Nanomagnetics market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
Study of the global Nanomagnetics market size by key regions, types, and applications with reference to historical data (2018-2019) and forecast (2021-2028)
Industrial structure analysis of the Nanomagnetics market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Nanomagnetics market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Nanomagnetics market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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