Magnetoresistive Element Market Size, Share, and Analysis, By Application (High Magnetic Field Application and Low Magnetic Field Application), By Vertical (Consumer Electronics, Automotive, Industrial, Aerospace and Defense, Healthcare, and Others), By Type (Giant Magnetoresistance (GMR), Anisotropic Magnetoresistance (AMR), Tunnel Magnetoresistance (TMR), Spin-valve Magnetoresistance (SVR), Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

December 2024 | 539 pages | ID: MBFEF20633B1EN
Fatpos Global

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Magnetoresistive Element Market Size, Share, and Analysis, By Application (High Magnetic Field Application and Low Magnetic Field Application), By Vertical (Consumer Electronics, Automotive, Industrial, Aerospace and Defense, Healthcare, and Others), By Type (Giant Magnetoresistance (GMR), Anisotropic Magnetoresistance (AMR), Tunnel Magnetoresistance (TMR), Spin-valve Magnetoresistance (SVR), Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Magnetoresistive Element Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 2.233 billion and is projected to reach USD 4.3 billion by the completion of 2034.

Magnetoresistive element is a component that changes electrical resistance in response to a magnetic field, known as the magnetoresistive effect. These components are used across various applications, such as magnetic field sensors, read heads for hard drives and MRAM devices. They consist of thin layers of ferromagnetic materials like permalloy or multilayer configurations of magnetic and non-magnetic materials. In addition, the resistance change happens due to the spin-dependent interaction of electrons with a magnetic field, which changes the electron transport characteristics of the material. Furthermore, magnetoresistive elements are highly sensitive and can identify small magnetic field changes, which is why they are important in different electronic and data storage technologies.

MARKET HIGHLIGHTS

Magnetoresistive elements market is projected to achieve a value of USD 4.3 billion by the end of the forecast period. The demand for magnetoresistive elements is increasing, due to their major importance in modern electronics. Magnetoresistive components play a key role in data storage solutions such as hard disk drives and solid-state drives, where their accurate reading of magnetic data is essential. Moreover, the growing demand is due to the rising necessity for effective and larger-capacity data storage solutions in consumer electronics and data centers at the enterprise level. These components are used by the automotive sector in sensors for various purposes like detecting speed and sensing position. Furthermore, industries like robotics and manufacturing depend on magnetoresistive sensors for automation and process control. Therefore, the market is predicted to witness constant growth due to innovations in technology and a large need for complex electronic devices and systems.

Magnetoresistive Element Market Segments:
  • By Application
  • High Magnetic Field Application
  • Low Magnetic Field Application
  • By Vertical
  • Consumer Electronics
  • Automotive
  • Industrial
  • Aerospace and Defense
  • Healthcare
  • Others
  • By Type
  • Giant Magnetoresistance (GMR)
  • Anisotropic Magnetoresistance (AMR)
  • Tunnel Magnetoresistance (TMR)
  • Spin-valve Magnetoresistance (SVR)
  • Others
MARKET DYNAMICS

Growth Drivers

Advancements in Data Storage Technologies Will Aid in the Adoption of Hyper-Converged Infrastructure Solutions

Increasing Demand for High-Precision Sensors is Expected to Foster Market Expansion

Restraint

Complexity of Integration Can Limit the Growth of the Magnetoresistive Element Market

Key Players
  • NVE Corporation
  • Alps Alpine Co., Ltd.
  • Analog Devices, Inc.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • TDK Corporation
  • Crocus Technology
  • Melexis NV
  • Sensitec GmbH
  • QuantumWise A/S
  • Everspin Technologies, Inc.
  • Sanken Electric Co., Ltd.
  • Lake Shore Cryotronics, Inc.
  • Integrated Device Technology, Inc. (IDT)
  • Micron Technology Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3.Magnetoresistive Element Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1. Paid Sources
  2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Magnetoresistive Element Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. MAGNETORESISTIVE ELEMENT MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porter's Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. MAGNETORESISTIVE ELEMENT MARKET

10.1.Overview
10.2. Historical Analysis (2018-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.MAGNETORESISTIVE ELEMENT MARKET SIZE & FORECAST 2024A-2034F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1. By Application
    11.3.1.1. High Magnetic Field Application
      11.3.1.1.1. By Value (USD Million) 2024A-2034F
      11.3.1.1.2.Market Share (%) 2024A-2034F
      11.3.1.1.3.Y-o-Y Growth (%) 2024A-2034F
    11.3.1.2.Low Magnetic Field Application
      11.3.1.2.1.By Value (USD Million) 2024A-2034F
      11.3.1.2.2. Market Share (%) 2024A-2034F
      11.3.1.2.3. Y-o-Y Growth (%) 2024A-2034F
  11.3.2. By Vertical
    11.3.2.1.Consumer Electronics
      11.3.2.1.1.By Value (USD Million) 2024A-2034F
      11.3.2.1.2. Market Share (%) 2024A-2034F
      11.3.2.1.3. Y-o-Y Growth (%) 2024A-2034F
    11.3.2.2. Automotive
      11.3.2.2.1. By Value (USD Million) 2024A-2034F
      11.3.2.2.2.Market Share (%) 2024A-2034F
      11.3.2.2.3.Y-o-Y Growth (%) 2024A-2034F
    11.3.2.3. Industrial
      11.3.2.3.1. By Value (USD Million) 2024A-2034F
      11.3.2.3.2.Market Share (%) 2024A-2034F
      11.3.2.3.3.Y-o-Y Growth (%) 2024A-2034F
    11.3.2.4. Aerospace and Defense
      11.3.2.4.1. By Value (USD Million) 2024A-2034F
      11.3.2.4.2.Market Share (%) 2024A-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024A-2034F
    11.3.2.5. Healthcare
      11.3.2.5.1. By Value (USD Million) 2024A-2034F
      11.3.2.5.2.Market Share (%) 2024A-2034F
      11.3.2.5.3.Y-o-Y Growth (%) 2024A-2034F
    11.3.2.6. Others
      11.3.2.6.1. By Value (USD Million) 2024A-2034F
      11.3.2.6.2.Market Share (%) 2024A-2034F
      11.3.2.6.3.Y-o-Y Growth (%) 2024A-2034F
  11.3.3. By Type
    11.3.3.1.Giant Magnetoresistance (GMR)
      11.3.3.1.1.By Value (USD Million) 2024A-2034F
      11.3.3.1.2. Market Share (%) 2024A-2034F
      11.3.3.1.3. Y-o-Y Growth (%) 2024A-2034F
    11.3.3.2. Anisotropic Magnetoresistance (AMR)
      11.3.3.2.1. By Value (USD Million) 2024A-2034F
      11.3.3.2.2.Market Share (%) 2024A-2034F
      11.3.3.2.3.Y-o-Y Growth (%) 2024A-2034F
    11.3.3.3. Tunnel Magnetoresistance (TMR)
      11.3.3.3.1. By Value (USD Million) 2024A-2034F
      11.3.3.3.2.Market Share (%) 2024A-2034F
      11.3.3.3.3.Y-o-Y Growth (%) 2024A-2034F
    11.3.3.4. Spin-Valve Magnetoresistance (SVR)
      11.3.3.4.1. By Value (USD Million) 2024A-2034F
      11.3.3.4.2. Market Share (%) 2024A-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024A-2034F
    11.3.3.5. Others
      11.3.3.5.1. By Value (USD Million) 2024A-2034F
      11.3.3.5.2.Market Share (%) 2024A-2034F
      11.3.3.5.3.Y-o-Y Growth (%) 2024A-2034F

12. NORTH AMERICA MAGNETORESISTIVE ELEMENT MARKET SIZE & FORECAST 2024A-2034F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Application
  12.3.2.By Vertical
  12.3.3.By Type
12.4. Country
  12.4.1. United States
  12.4.2.Canada

13. EUROPE MAGNETORESISTIVE ELEMENT MARKET SIZE & FORECAST 2024A-2034F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Application
  13.3.2.By Vertical
  13.3.3.By Type
13.4. Country
  13.4.1.Germany
  13.4.2.United Kingdom
  13.4.3.France
  13.4.4. Italy
  13.4.5.Spain
  13.4.6.Russia
  13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA-PACIFIC MAGNETORESISTIVE ELEMENT MARKET SIZE & FORECAST 2024A-2034F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Application
  14.3.2.By Vertical
  14.3.3.By Type
14.4. Country
  14.4.1.India
  14.4.2.China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA MAGNETORESISTIVE ELEMENT MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Application
  15.3.2.By Vertical
  15.3.3.By Type
15.4. Country
  15.4.1.Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4. South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA MAGNETORESISTIVE ELEMENT MARKET SIZE & FORECAST 2024A-2034F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Application
  16.3.2.By Vertical
  16.3.3.By Type
16.4. Country
  16.4.1.Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.NVE Corporation
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1. Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3.Market Share
    18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.2. Alps Alpine Co., Ltd.
18.3. Analog Devices, Inc.
18.4. Honeywell International Inc.
18.5. Infineon Technologies AG
18.6. TDK Corporation
18.7. Crocus Technology
18.8. Melexis NV
18.9. Sensitec GmbH
18.10. QuantumWise A/S
18.11.Everspin Technologies, Inc.
18.12. Sanken Electric Co., Ltd.
18.13. Lake Shore Cryotronics, Inc.
18.14. Integrated Device Technology, Inc. (IDT)
18.15. Micron Technology Inc.
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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