Market Overview:
The global tunnel magneto resistance based devices (TMRs) market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data storage, electric vehicles, and industrial motors. Additionally, the growing demand for semiconductor lasers and microwave devices is also contributing to the growth of this market. Furthermore, advancements in quantum computing are also expected to fuel the growth of this market during the forecast period. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. The global tunnel magneto resistance based devices (TMRs)market can be segmented on basis of type into clockwise spin and counter clockwise spin TMRs. On basis if application,the global tunnel magneto resistance based devices (TMRs)market can be segmented into data storage, electric vehicles,,industrial motors,,semiconductor lasers,,microwavedevices,,quantum computingand other applications .
 Industry Outlook.svg)
Product Definition:
Tunnel Magneto Resistance (TMR) is a phenomenon that results from the spin-dependent scattering of conduction electrons in a ferromagnetic layer through an insulating barrier. The resistance of the tunnel junction depends on the relative orientation of the magnetization in adjacent ferromagnetic layers. TMR devices are important for spintronics and data storage applications.
Clockwise Spin:
The clockwise spin is a magnetic effect which was discovered by accident. The accidental discovery of this Spin property has led to the development of Magneto Resistance (MR) based devices such as hard disk drives, flash memory, and MRAM.
Counter Clockwise Spin:
Counter clockwise spin (CCS) is a method used to align the magnetization of magnetic particles in an anti-clockwise direction. In TMRs, the CCS technique is used for providing high torque at low rotational speeds. The method provides advantages such as easy manufacturing and low cost over other conventional techniques like Crude Oil Magneto Resistive Heating (COMRHE).
Application Insights:
The data storage application segment led the global tunnel magneto resistance based devices market in 2017 and is projected to continue its dominance over the forecast period. The growing demand for hard disk drives (HDD) as a result of increasing data traffic is expected to drive product demand in this application segment. Furthermore, constant development for enhancing performance and reliability of HDD is further anticipated to fuel market growth over the next eight years.
The electric vehicles application segment accounted for more than 15% share of total revenue in 2017 owing to increased usage of tunnel magnetsores across various automotive applications such as powertrain, body electronics, infotainment systems, safety systems and lighting solutions among others. In addition, rising R&D activities by several companies including GM/Opel General Motors Company; SAIC Motor Co.; BHEL; ASE Electronics Malaysia; etc., are expected to propel industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing government funding for research and development activities in data storage devices, electric vehicles, industrial motors and semiconductor lasers. Moreover, presence of major players such as read-write heads LLC (USA), Vitesse Semiconductor (Belgium) Ltd., Infineon technologies along with high disposable income is expected to drive the regional demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over a projected period owing to rising investments by key market players for manufacturing TMRs at low costs coupled with growing usage of these products in consumer electronics devices such as smartphones and laptops. Furthermore, increasing use of magnetic recording media for data storage purposes is also expected fuel regional product demand during the forecast period.
Growth Factors:
- Increasing demand for miniaturization in electronic devices: The need for smaller, faster, and more efficient electronic devices is driving the demand for TMRs. As these devices get smaller, the need for higher performance and reliability increases, which is where TMRs come in.
- Growing popularity of MRAM: Magneto resistance-based memory (MRAM) is becoming increasingly popular due to its high speed, non-volatility, and endurance. This is benefiting the TMR market as well since MRAM uses TMRs as a key component.
- Rising number of applications: The range of applications that can benefit from TMR technology continues to grow every year. This growing list includes data storage & retrieval systems; medical imaging; RFID tags; smart cards & passports; automotive sensors; aerospace & defense systems etc., which is helping to drive the market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tunnel Magneto Resistance Based Devices (TMRs) Market Research Report
By Type
Clockwise Spin, Counter Clockwise Spin
By Application
Data Storage, Electric Vehicles, Industrial Motors, Semiconductor Lasers, Microwave Devices, Quantum Computing, Other
By Companies
Advanced MicroSensors, Corporation, Applied Spintronics Technology, Atomistix A/S, Crocus Technology, Everspin Technologies, Freescale Semiconductor, Intel Corporation, NVE Corporation, Organic Spintronics s.r.l, QuantumWise A/S, Rhomap Ltd, Spin Transfer Technologies, Spintronics International Pte
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Tunnel Magneto Resistance Based Devices (TMRs) Market Report Segments:
The global Tunnel Magneto Resistance Based Devices (TMRs) market is segmented on the basis of:
Types
Clockwise Spin, Counter Clockwise Spin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Data Storage, Electric Vehicles, Industrial Motors, Semiconductor Lasers, Microwave Devices, Quantum Computing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced MicroSensors, Corporation
- Applied Spintronics Technology
- Atomistix A/S
- Crocus Technology
- Everspin Technologies
- Freescale Semiconductor
- Intel Corporation
- NVE Corporation
- Organic Spintronics s.r.l
- QuantumWise A/S
- Rhomap Ltd
- Spin Transfer Technologies
- Spintronics International Pte
 Market Overview.svg)
Highlights of The Tunnel Magneto Resistance Based Devices (TMRs) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Clockwise Spin
- Counter Clockwise Spin
- By Application:
- Data Storage
- Electric Vehicles
- Industrial Motors
- Semiconductor Lasers
- Microwave Devices
- Quantum Computing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tunnel Magneto Resistance Based Devices (TMRs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
TMRs are devices that use tunnel magneto resistance to generate electricity. They work by using a magnetic field to create a current in an electrical conductor. The current causes a voltage to be generated, which can then be used to power devices.
Some of the major companies in the tunnel magneto resistance based devices (tmrs) market are Advanced MicroSensors, Corporation, Applied Spintronics Technology, Atomistix A/S, Crocus Technology, Everspin Technologies, Freescale Semiconductor, Intel Corporation, NVE Corporation, Organic Spintronics s.r.l, QuantumWise A/S, Rhomap Ltd, Spin Transfer Technologies, Spintronics International Pte.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tunnel Magneto Resistance Based Devices (TMRs) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tunnel Magneto Resistance Based Devices (TMRs) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tunnel Magneto Resistance Based Devices (TMRs) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tunnel Magneto Resistance Based Devices (TMRs) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tunnel Magneto Resistance Based Devices (TMRs) Market Size & Forecast, 2018-2028
4.5.1 Tunnel Magneto Resistance Based Devices (TMRs) Market Size and Y-o-Y Growth
4.5.2 Tunnel Magneto Resistance Based Devices (TMRs) Market Absolute $ Opportunity
Chapter 5 Global Tunnel Magneto Resistance Based Devices (TMRs) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Type
5.2.1 Clockwise Spin
5.2.2 Counter Clockwise Spin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tunnel Magneto Resistance Based Devices (TMRs) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Applications
6.2.1 Data Storage
6.2.2 Electric Vehicles
6.2.3 Industrial Motors
6.2.4 Semiconductor Lasers
6.2.5 Microwave Devices
6.2.6 Quantum Computing
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tunnel Magneto Resistance Based Devices (TMRs) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tunnel Magneto Resistance Based Devices (TMRs) Analysis and Forecast
9.1 Introduction
9.2 North America Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Type
9.6.1 Clockwise Spin
9.6.2 Counter Clockwise Spin
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Applications
9.10.1 Data Storage
9.10.2 Electric Vehicles
9.10.3 Industrial Motors
9.10.4 Semiconductor Lasers
9.10.5 Microwave Devices
9.10.6 Quantum Computing
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tunnel Magneto Resistance Based Devices (TMRs) Analysis and Forecast
10.1 Introduction
10.2 Europe Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Type
10.6.1 Clockwise Spin
10.6.2 Counter Clockwise Spin
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Applications
10.10.1 Data Storage
10.10.2 Electric Vehicles
10.10.3 Industrial Motors
10.10.4 Semiconductor Lasers
10.10.5 Microwave Devices
10.10.6 Quantum Computing
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tunnel Magneto Resistance Based Devices (TMRs) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Type
11.6.1 Clockwise Spin
11.6.2 Counter Clockwise Spin
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Applications
11.10.1 Data Storage
11.10.2 Electric Vehicles
11.10.3 Industrial Motors
11.10.4 Semiconductor Lasers
11.10.5 Microwave Devices
11.10.6 Quantum Computing
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tunnel Magneto Resistance Based Devices (TMRs) Analysis and Forecast
12.1 Introduction
12.2 Latin America Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Type
12.6.1 Clockwise Spin
12.6.2 Counter Clockwise Spin
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Applications
12.10.1 Data Storage
12.10.2 Electric Vehicles
12.10.3 Industrial Motors
12.10.4 Semiconductor Lasers
12.10.5 Microwave Devices
12.10.6 Quantum Computing
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tunnel Magneto Resistance Based Devices (TMRs) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Type
13.6.1 Clockwise Spin
13.6.2 Counter Clockwise Spin
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tunnel Magneto Resistance Based Devices (TMRs) Market Size Forecast by Applications
13.10.1 Data Storage
13.10.2 Electric Vehicles
13.10.3 Industrial Motors
13.10.4 Semiconductor Lasers
13.10.5 Microwave Devices
13.10.6 Quantum Computing
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tunnel Magneto Resistance Based Devices (TMRs) Market: Competitive Dashboard
14.2 Global Tunnel Magneto Resistance Based Devices (TMRs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced MicroSensors, Corporation
14.3.2 Applied Spintronics Technology
14.3.3 Atomistix A/S
14.3.4 Crocus Technology
14.3.5 Everspin Technologies
14.3.6 Freescale Semiconductor
14.3.7 Intel Corporation
14.3.8 NVE Corporation
14.3.9 Organic Spintronics s.r.l
14.3.10 QuantumWise A/S
14.3.11 Rhomap Ltd
14.3.12 Spin Transfer Technologies
14.3.13 Spintronics International Pte
