Nanomagnetics Market Revenue, SWOT, PEST Analysis, Growth Factors, 2021–2028

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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.

One of the trends in the market is development of nanomagnetics for wireless charging applications. Wireless power transfer applications require improved performance magnetic materials for allowing critical functions such as inductive coupling and Electromagnetic Interference (EMI). The COVID-19 pandemic has created major demand for more scalable and affordable detection methods and new efficacious medical solutions that can be achieved using nanomagnetics. Researchers are increasingly using nanotechnology to develop remedies to alleviate chronic and acute effects of COVID-19 and variants.

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Nanomagnetics Market -Competitive Landscape:

The research report offers key insights into the leading market players’ strengths and weaknesses, assessed using Porter’s Five Forces and SWOT analyses. The report includes Nanomagnetics market segmentation based on product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast timeframe. The key players profiled in the report 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.

Nanomagnetics Market Segmentation:-

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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Nanomagnetics Market Key Highlights

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 report addresses the following key points:

The report estimates the expected market size from 2021-2028

The report provides a forecast of market drivers, restraints, and future opportunities for the Nanomagnetics market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

Key Regional Nanomagnetics Markets

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)

In conclusion, the report provides a qualitative and quantitative analysis of the Global Nanomagnetics market, including the global and regional analysis of the market. The study covers critical information and factual data about the Nanomagnetics industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Nanomagnetics market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Nanomagnetics industry.

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