Nanomagnetics Market – Top Companies, Business Growth & Investment Opportunities, Share and Forecasts 2028
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, according to latest analysis by Emergen Research. 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.
Competitive Outlook:
The global Nanomagnetics market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Nanomagnetics market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies included in the global market report are
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.
Market Taxonomy:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2:
Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3:
Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
Key Highlights of 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.
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Emergen Research has segmented the global Nanomagnetics market on the basis of application, end-use, and region:
Application Outlook (Revenue, USD Billion; 2018–2028)
Data Storage
Magnetic Tapes
Hard Disks
Magnetoresistive Random Access Memory (MRAM)
Others
Sensors
Giant Magnetoresistive (GMR) Sensors
Biosensors and Bioassays
Medical and Genetics
Imaging
Separation
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Transportation
Medical & Biotech
Manufacturing and Processing Industry
Electronics
Others
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Regional Bifurcation of the Nanomagnetics Market Includes:
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)
Questions addressed in the report:
What is the estimated market growth rate throughout the forecast period?
Which end-use industry is expected to witness the highest demand for Nanomagnetics in the near future?
What is the regulatory framework governing the application of Nanomagnetics in the food industry?
Which manufacturing processes are utilized for the production of Nanomagnetics?
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