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The global spintronics market is experiencing a surge in growth, driven by the increasing demand for faster, more energy-efficient, and non-volatile electronic devices. Spintronics, or spin electronics, leverages the intrinsic spin of electrons, in addition to their charge, to revolutionize information storage and processing. This technology offers significant advantages over conventional electronics, including lower power consumption, higher data storage density, and faster read/write speeds. The market is witnessing substantial innovation, with the development of novel spintronic devices such as magnetoresistive random-access memory (MRAM), spin-transfer torque MRAM (STT-MRAM), and spin-logic devices. These devices are finding applications in a wide range of industries, including data storage, computing, automotive, aerospace, and healthcare. The growing demand for high-performance computing, artificial intelligence (AI), and the Internet of Things (IoT) is further fueling the market's expansion. The need for non-volatile memory solutions, capable of retaining data even when power is off, is particularly strong in these applications. Spintronics also holds immense potential for developing quantum computing technologies, which require precise control over electron spin. The increasing focus on energy efficiency and sustainability is driving the adoption of spintronic devices, which offer significant power savings compared to conventional electronics. The automotive industry's transition to electric and autonomous vehicles is creating a strong demand for robust and reliable spintronic sensors and memory devices. The market is also benefiting from government initiatives and research funding aimed at advancing spintronics technology. The convergence of nanotechnology, materials science, and electronics is driving the development of new spintronic materials and devices with enhanced performance and functionality. The potential for spintronics to revolutionize information technology is immense, and the market is poised for significant growth in the coming years. The ability to create computers that utilize less power, and process information faster, is a very large driver of the market.


Spintronics is one of the emerging fields for the next-generation nanoelectronic devices to reduce their power consumption and to increase their memory and processing capabilities. Such devices utilise the spin degree of freedom of electrons and/or holes, which can also interact with their orbital moments. In 2022, the global spintronics market stood at USD 972 million. Recording a CAGR of 30.23% from 2025 to 2030, the worth is projected to reach ~USD 6,962 million by 2030, according to the latest market data. "Convergence" aptly describes the dynamics of the global spintronics market. Market trends are characterized by the integration of spintronics with existing semiconductor technologies and emerging fields like quantum computing. Market drivers include the increasing demand for energy-efficient, high-performance, and non-volatile electronic devices. Trade programs, such as government initiatives and research funding, are crucial in supporting the market's growth. These programs often focus on fostering collaboration between academia and industry, promoting research and development, and facilitating technology transfer. The convergence of spintronics with other technologies, such as nanotechnology and materials science, is driving the development of innovative devices with enhanced performance and functionality. The need for secure and reliable data storage solutions is also a key driver, as spintronic devices offer inherent non-volatility and resistance to external interference. The increased research into quantum computing, and the need for new types of memory, is also pushing development within the market.

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The type segment of the global spintronics market encompasses a diverse range of devices and technologies. Magnetoresistive random-access memory (MRAM) is a dominant segment, offering non-volatility, high speed, and low power consumption. Spin-transfer torque MRAM (STT-MRAM) is gaining traction, offering even higher speed and lower power consumption than conventional MRAM. Spin-logic devices, which use electron spin to perform logical operations, are an emerging segment with the potential to revolutionize computing. Spin-wave devices, which use spin waves to transmit and process information, are also being developed for high-frequency applications. Spintronic sensors, such as magnetic field sensors and current sensors, are finding applications in automotive, industrial, and consumer electronics. The development of new spintronic materials, such as topological insulators and Dirac semimetals, is driving innovation in the type segment. The need for specialized spintronic devices for quantum computing is also fueling research and development in this segment. Each type of device offers unique advantages in terms of performance, power consumption, and functionality, catering to the diverse requirements of various applications.

The application segment of the global spintronics market is diverse, spanning a wide range of industries. Data storage is a major application, with MRAM and STT-MRAM offering high-density, non-volatile memory solutions. Computing is another key application, with spin-logic devices and spin-wave devices promising to revolutionize information processing. Automotive applications include spintronic sensors for advanced driver-assistance systems (ADAS) and memory devices for electric vehicles (EVs). Aerospace and defense applications include spintronic sensors for navigation and communication systems. Industrial applications include spintronic sensors for process control and monitoring. Consumer electronics applications include spintronic memory devices for smartphones, tablets, and laptops. Healthcare applications include spintronic sensors for medical diagnostics and imaging. The growing demand for AI and IoT applications is further fueling the market's expansion. Quantum computing is an emerging application, with spintronics playing a crucial role in developing quantum memory and logic devices. The applications of spintronics are continuously expanding, driven by the technology's unique advantages in terms of performance, power consumption, and functionality.

The regional landscape of the global spintronics market is characterized by a strong presence in North America, Europe, and Asia-Pacific. North America, particularly the United States, is a leader in spintronics research and development, with significant investments from government agencies and private companies. Europe is also a major player, with strong research institutions and industrial collaborations. Asia-Pacific, particularly Japan, South Korea, and China, is a rapidly growing market, driven by its strong semiconductor manufacturing ecosystem and increasing demand for advanced electronic devices. Japan is a leader in spintronics materials and device development. South Korea is a major producer of memory devices, with a strong focus on MRAM and STT-MRAM. China is rapidly expanding its spintronics industry, with significant investments in research and manufacturing. The regional dynamics are influenced by factors such as government policies, research funding, and market demand. The regions that have strong semiconductor manufacturing, and strong research and development, are the current leaders in the market.

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Table of Contents

  • 1 Introduction 8
  • 1.1 Industry Definition and Research Scope 8
  • 1.1.1 Industry Definition 8
  • 1.1.2 Research Scope 9
  • 1.2 Research Methodology 12
  • 1.2.1 Overview of Market Research Methodology 12
  • 1.2.2 Market Assumption 13
  • 1.2.3 Secondary Data 13
  • 1.2.4 Primary Data 13
  • 1.2.5 Data Filtration and Model Design 14
  • 1.2.6 Market Size/Share Estimation 15
  • 1.2.7 Research Limitations 16
  • 1.3 Executive Summary 17
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 21
  • 2.1.2 Impact of COVID-19 on the Market 23
  • 2.2 Major Growth Drivers 25
  • 2.3 Market Restraints and Challenges 31
  • 2.4 Emerging Opportunities and Market Trends 34
  • 2.5 Porter’s Fiver Forces Analysis 38
  • 3 Segmentation of Global Market by Device Type 42
  • 3.1 Market Overview by Device Type 42
  • 3.2 Metal-based Devices 44
  • 3.2.1 Giant Magneto Resistance-based Device (GMRs) 45
  • 3.2.2 Tunnel Magneto Resistance-based Device (TMRs) 46
  • 3.2.3 Spin-transfer Torque Device 47
  • 3.2.4 Spin-wave Logic Device 48
  • 3.3 Semiconductor-based Devices 49
  • 3.3.1 Spin Diode 50
  • 3.3.2 Spin Filter 51
  • 3.3.3 Spin Field Effect Transistor (FETs) 52
  • 4 Segmentation of Global Market by Application 53
  • 4.1 Market Overview by Application 53
  • 4.2 Electric Vehicle and Industrial Motor 55
  • 4.3 Data Storage/MRAM 56
  • 4.4 Magnetic Sensing 57
  • 4.5 Semiconductor Laser 58
  • 4.6 Other Applications 59
  • 5 Segmentation of Global Market by Industry Vertical 60
  • 5.1 Market Overview by Industry Vertical 60
  • 5.2 Automotive & Transportation 62
  • 5.3 IT & Telecommunication 63
  • 5.4 Electronics & Semiconductors 64
  • 5.5 Manufacturing 65
  • 5.6 Healthcare 66
  • 5.7 Other Industry Verticals 67
  • 6 Segmentation of Global Market by Region 68
  • 6.1 Geographic Market Overview 2021-2031 68
  • 6.2 North America Market 2021-2031 by Country 72
  • 6.2.1 Overview of North America Market 72
  • 6.2.2 U.S. 76
  • 6.2.3 Canada 79
  • 6.2.4 Mexico 81
  • 6.3 European Market 2021-2031 by Country 83
  • 6.3.1 Overview of European Market 83
  • 6.3.2 Germany 87
  • 6.3.3 U.K. 89
  • 6.3.4 France 91
  • 6.3.5 Spain 93
  • 6.3.6 Italy 95
  • 6.3.7 Netherlands 97
  • 6.3.8 Rest of European Market 99
  • 6.4 Asia-Pacific Market 2021-2031 by Country 101
  • 6.4.1 Overview of Asia-Pacific Market 101
  • 6.4.2 Japan 105
  • 6.4.3 China 108
  • 6.4.4 Australia 110
  • 6.4.5 India 112
  • 6.4.6 South Korea 114
  • 6.4.7 Rest of APAC Region 116
  • 6.5 South America Market 2021-2031 by Country 118
  • 6.5.1 Argentina 121
  • 6.5.2 Brazil 123
  • 6.5.3 Chile 125
  • 6.5.4 Rest of South America Market 127
  • 6.6 MEA Market 2021-2031 by Country 128
  • 6.6.1 UAE 131
  • 6.6.2 Saudi Arabia 133
  • 6.6.3 South Africa 135
  • 6.6.4 Other National Markets 137
  • 7 Competitive Landscape 138
  • 7.1 Overview of Key Vendors 138
  • 7.2 New Product Launch, Partnership, Investment, and M&A 141
  • 7.3 Company Profiles 142
  • Advanced MicroSensors Corporation 142
  • Atomistix A/S 144
  • Avalanche Technology Inc. 145
  • Crocus Technology 146
  • Everspin Technologies Inc. 147
  • IBM Corporation 148
  • Intel Corporation 149
  • NVE Corporation 150
  • Spin Memory Inc. 151
  • Synopsys (QuantumWise) 152
  • RELATED REPORTS 153

List of Tables:

Table 1. Snapshot of Global Spintronics Market in Balanced Perspective, 2021-2031 18
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Smartphone Connections, Average Network Connection Speed for Smartphones and Tablets, 2019-2030 28
Table 4. World Mobile Data Traffic by Deployment Mode, 2019-2030, EB/year 29
Table 5. World Mobile Data Traffic by Device, 2019-2030, EB/year 29
Table 6. Main Product Trends and Market Opportunities in Global Spintronics Market 34
Table 7. Global Spintronics Market by Device Type, 2021-2031, $ mn 42
Table 8. Global Spintronics Market: Metal-based Devices by Type, 2021-2031, $ mn 44
Table 9. Global Spintronics Market: Semiconductor-based Devices by Type, 2021-2031, $ mn 49
Table 10. Global Spintronics Market by Application, 2021-2031, $ mn 53
Table 11. Global Spintronics Market by Industry Vertical, 2021-2031, $ mn 60
Table 12. Global Spintronics Market by Region, 2021-2031, $ mn 69
Table 13. Leading National Spintronics Market, 2021 and 2031, $ mn 71
Table 14. North America Spintronics Market by Country, 2021-2031, $ mn 74
Table 15. U.S. Spintronics Market by Device Type, 2021-2031, $ mn 78
Table 16. U.S. Spintronics Market by Application, 2021-2031, $ mn 78
Table 17. U.S. Spintronics Market by Industry Vertical, 2021-2031, $ mn 78
Table 18. Canada Spintronics Market by Device Type, 2021-2031, $ mn 80
Table 19. Canada Spintronics Market by Application, 2021-2031, $ mn 80
Table 20. Canada Spintronics Market by Industry Vertical, 2021-2031, $ mn 80
Table 21. Mexico Spintronics Market by Device Type, 2021-2031, $ mn 82
Table 22. Mexico Spintronics Market by Application, 2021-2031, $ mn 82
Table 23. Mexico Spintronics Market by Industry Vertical, 2021-2031, $ mn 82
Table 24. Europe Spintronics Market by Country, 2021-2031, $ mn 86
Table 25. Germany Spintronics Market by Device Type, 2021-2031, $ mn 88
Table 26. Germany Spintronics Market by Application, 2021-2031, $ mn 88
Table 27. Germany Spintronics Market by Industry Vertical, 2021-2031, $ mn 88
Table 28. U.K. Spintronics Market by Device Type, 2021-2031, $ mn 90
Table 29. U.K. Spintronics Market by Application, 2021-2031, $ mn 90
Table 30. U.K. Spintronics Market by Industry Vertical, 2021-2031, $ mn 90
Table 31. France Spintronics Market by Device Type, 2021-2031, $ mn 92
Table 32. France Spintronics Market by Application, 2021-2031, $ mn 92
Table 33. France Spintronics Market by Industry Vertical, 2021-2031, $ mn 92
Table 34. Spain Spintronics Market by Device Type, 2021-2031, $ mn 94
Table 35. Spain Spintronics Market by Application, 2021-2031, $ mn 94
Table 36. Spain Spintronics Market by Industry Vertical, 2021-2031, $ mn 94
Table 37. Italy Spintronics Market by Device Type, 2021-2031, $ mn 96
Table 38. Italy Spintronics Market by Application, 2021-2031, $ mn 96
Table 39. Italy Spintronics Market by Industry Vertical, 2021-2031, $ mn 96
Table 40. Netherlands Spintronics Market by Device Type, 2021-2031, $ mn 98
Table 41. Netherlands Spintronics Market by Application, 2021-2031, $ mn 98
Table 42. Netherlands Spintronics Market by Industry Vertical, 2021-2031, $ mn 98
Table 43. Spintronics Market in Rest of Europe by Country, 2021-2031, $ mn 100
Table 44. APAC Spintronics Market by Country, 2021-2031, $ mn 103
Table 45. Japan Spintronics Market by Device Type, 2021-2031, $ mn 107
Table 46. Japan Spintronics Market by Application, 2021-2031, $ mn 107
Table 47. Japan Spintronics Market by Industry Vertical, 2021-2031, $ mn 107
Table 48. China Spintronics Market by Device Type, 2021-2031, $ mn 109
Table 49. China Spintronics Market by Application, 2021-2031, $ mn 109
Table 50. China Spintronics Market by Industry Vertical, 2021-2031, $ mn 109
Table 51. Australia Spintronics Market by Device Type, 2021-2031, $ mn 111
Table 52. Australia Spintronics Market by Application, 2021-2031, $ mn 111
Table 53. Australia Spintronics Market by Industry Vertical, 2021-2031, $ mn 111
Table 54. India Spintronics Market by Device Type, 2021-2031, $ mn 113
Table 55. India Spintronics Market by Application, 2021-2031, $ mn 113
Table 56. India Spintronics Market by Industry Vertical, 2021-2031, $ mn 113
Table 57. South Korea Spintronics Market by Device Type, 2021-2031, $ mn 115
Table 58. South Korea Spintronics Market by Application, 2021-2031, $ mn 115
Table 59. South Korea Spintronics Market by Industry Vertical, 2021-2031, $ mn 115
Table 60. Spintronics Market in Rest of APAC by Country/Region, 2021-2031, $ mn 117
Table 61. South America Spintronics Market by Country, 2021-2031, $ mn 120
Table 62. Argentina Spintronics Market by Device Type, 2021-2031, $ mn 122
Table 63. Argentina Spintronics Market by Application, 2021-2031, $ mn 122
Table 64. Argentina Spintronics Market by Industry Vertical, 2021-2031, $ mn 122
Table 65. Brazil Spintronics Market by Device Type, 2021-2031, $ mn 124
Table 66. Brazil Spintronics Market by Application, 2021-2031, $ mn 124
Table 67. Brazil Spintronics Market by Industry Vertical, 2021-2031, $ mn 124
Table 68. Chile Spintronics Market by Device Type, 2021-2031, $ mn 126
Table 69. Chile Spintronics Market by Application, 2021-2031, $ mn 126
Table 70. Chile Spintronics Market by Industry Vertical, 2021-2031, $ mn 126
Table 71. MEA Spintronics Market by Country, 2021-2031, $ mn 130
Table 72. UAE Spintronics Market by Device Type, 2021-2031, $ mn 132
Table 73. UAE Spintronics Market by Application, 2021-2031, $ mn 132
Table 74. UAE Spintronics Market by Industry Vertical, 2021-2031, $ mn 132
Table 75. Saudi Arabia Spintronics Market by Device Type, 2021-2031, $ mn 134
Table 76. Saudi Arabia Spintronics Market by Application, 2021-2031, $ mn 134
Table 77. Saudi Arabia Spintronics Market by Industry Vertical, 2021-2031, $ mn 134
Table 78. South Africa Spintronics Market by Device Type, 2021-2031, $ mn 136
Table 79. South Africa Spintronics Market by Application, 2021-2031, $ mn 136
Table 80. South Africa Spintronics Market by Industry Vertical, 2021-2031, $ mn 136
Table 81. Advanced MicroSensors Corporation: Company Snapshot 142
Table 82. Advanced MicroSensors Corporation: Business Segmentation 143
Table 83. Advanced MicroSensors Corporation: Product Portfolio 143

List of Figures:

Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 17
Figure 4. Industry Value Chain Analysis 19
Figure 5. Global Spintronics Market, 2021-2031, $ mn 20
Figure 6. Impact of COVID-19 on Business 23
Figure 7. Primary Drivers and Impact Factors of Global Spintronics Market 25
Figure 8. World 5G Traffic, 2019-2030, EB/year 28
Figure 9. World Electric Vehicle Market, 2019-2030, $ bn 30
Figure 10. World Data Center Accelerator Market, 2021-2031, $ mn 30
Figure 11. Primary Restraints and Impact Factors of Global Spintronics Market 31
Figure 12. Investment Opportunity Analysis 35
Figure 13. Porter’s Fiver Forces Analysis of Global Spintronics Market 38
Figure 14. Breakdown of Global Spintronics Market by Device Type, 2021-2031, % of Revenue 43
Figure 15. Global Addressable Market Cap in 2022-2031 by Device Type, Value ($ mn) and Share (%) 43
Figure 16. Global Spintronics Market by Device Type: Metal-based Devices, 2021-2031, $ mn 44
Figure 17. Global Spintronics Market by Metal-based Devices: Giant Magneto Resistance-based Device (GMRs), 2021-2031, $ mn 45
Figure 18. Global Spintronics Market by Metal-based Devices: Tunnel Magneto Resistance-based Device (TMRs), 2021-2031, $ mn 46
Figure 19. Global Spintronics Market by Metal-based Devices: Spin-transfer Torque Device, 2021-2031, $ mn 47
Figure 20. Global Spintronics Market by Metal-based Devices: Spin-wave Logic Device, 2021-2031, $ mn 48
Figure 21. Global Spintronics Market by Device Type: Semiconductor-based Devices, 2021-2031, $ mn 49
Figure 22. Global Spintronics Market by Semiconductor-based Devices: Spin Diode, 2021-2031, $ mn 50
Figure 23. Global Spintronics Market by Semiconductor-based Devices: Spin Filter, 2021-2031, $ mn 51
Figure 24. Global Spintronics Market by Semiconductor-based Devices: Spin Field Effect Transistor (FETs), 2021-2031, $ mn 52
Figure 25. Breakdown of Global Spintronics Market by Application, 2021-2031, % of Sales Revenue 54
Figure 26. Global Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 54
Figure 27. Global Spintronics Market by Application: Electric Vehicle and Industrial Motor, 2021-2031, $ mn 55
Figure 28. Global Spintronics Market by Application: Data Storage/MRAM, 2021-2031, $ mn 56
Figure 29. Global Spintronics Market by Application: Magnetic Sensing, 2021-2031, $ mn 57
Figure 30. Global Spintronics Market by Application: Semiconductor Laser, 2021-2031, $ mn 58
Figure 31. Global Spintronics Market by Application: Other Applications, 2021-2031, $ mn 59
Figure 32. Breakdown of Global Spintronics Market by Industry Vertical, 2021-2031, % of Sales Revenue 61
Figure 33. Global Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 61
Figure 34. Global Spintronics Market by Industry Vertical: Automotive & Transportation, 2021-2031, $ mn 62
Figure 35. Global Spintronics Market by Industry Vertical: IT & Telecommunication, 2021-2031, $ mn 63
Figure 36. Global Spintronics Market by Industry Vertical: Electronics & Semiconductors, 2021-2031, $ mn 64
Figure 37. Global Spintronics Market by Industry Vertical: Manufacturing, 2021-2031, $ mn 65
Figure 38. Global Spintronics Market by Industry Vertical: Healthcare, 2021-2031, $ mn 66
Figure 39. Global Spintronics Market by Industry Vertical: Other Industry Verticals, 2021-2031, $ mn 67
Figure 40. Global Market Snapshot by Region 68
Figure 41. Geographic Spread of Worldwide Spintronics Market, 2021-2031, % of Sales Revenue 69
Figure 42. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%) 70
Figure 43. North American Spintronics Market, 2021-2031, $ mn 73
Figure 44. Breakdown of North America Spintronics Market by Country, 2021 and 2031, % of Revenue 74
Figure 45. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 46. U.S. Spintronics Market, 2021-2031, $ mn 77
Figure 47. Canada Spintronics Market, 2021-2031, $ mn 79
Figure 48. Spintronics Market in Mexico, 2021-2031, $ mn 81
Figure 49. European Spintronics Market, 2021-2031, $ mn 84
Figure 50. Breakdown of European Spintronics Market by Country, 2021 and 2031, % of Revenue 85
Figure 51. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 86
Figure 52. Spintronics Market in Germany, 2021-2031, $ mn 87
Figure 53. Spintronics Market in U.K., 2021-2031, $ mn 89
Figure 54. Spintronics Market in France, 2021-2031, $ mn 91
Figure 55. Spintronics Market in Spain, 2021-2031, $ mn 93
Figure 56. Spintronics Market in Italy, 2021-2031, $ mn 95
Figure 57. Spintronics Market in Netherlands, 2021-2031, $ mn 97
Figure 58. Spintronics Market in Rest of Europe, 2021-2031, $ mn 99
Figure 59. Asia-Pacific Spintronics Market, 2021-2031, $ mn 102
Figure 60. Breakdown of APAC Spintronics Market by Country, 2021 and 2031, % of Revenue 102
Figure 61. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 104
Figure 62. Spintronics Market in Japan, 2021-2031, $ mn 106
Figure 63. Spintronics Market in China, 2021-2031, $ mn 108
Figure 64. Spintronics Market in Australia, 2021-2031, $ mn 110
Figure 65. Spintronics Market in India, 2021-2031, $ mn 112
Figure 66. Spintronics Market in South Korea, 2021-2031, $ mn 114
Figure 67. Spintronics Market in Rest of APAC, 2021-2031, $ mn 116
Figure 68. South America Spintronics Market, 2021-2031, $ mn 119
Figure 69. Breakdown of South America Spintronics Market by Country, 2021 and 2031, % of Revenue 119
Figure 70. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 120
Figure 71. Spintronics Market in Argentina, 2021-2031, $ mn 121
Figure 72. Spintronics Market in Brazil, 2021-2031, $ mn 123
Figure 73. Spintronics Market in Chile, 2021-2031, $ mn 125
Figure 74. Spintronics Market in Rest of South America, 2021-2031, $ mn 127
Figure 75. Spintronics Market in Middle East and Africa (MEA), 2021-2031, $ mn 129
Figure 76. Breakdown of MEA Spintronics Market by Country, 2021 and 2031, % of Revenue 129
Figure 77. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 130
Figure 78. Spintronics Market in UAE, 2021-2031, $ mn 131
Figure 79. Spintronics Market in Saudi Arabia, 2021-2031, $ mn 133
Figure 80. Spintronics Market in South Africa, 2021-2031, $ mn 135
Figure 81. Growth Stage of Global Spintronics Industry over the Forecast Period 138

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