The global market for nanomagnetics
(materials and devices) is largely driven by the demand from the data storage
sector. The data storage media is the largest end use segment, followed by
diagnostics and biotechnology. Continuous new developments in the field of
nanotechnology are expected to fuel the growth of the nonmagnetic market.
Geographically, the U.S. is the largest market, but Japan is the fastest
growing region due to its extensive work in the field, which has made it the
hub for nanotechnology. Nanomagnetics is finding increased applications in medicine
such as in drug delivery devices and diagnosis of diseases such as cancer and
ailments of the brain or the heart. Applications in lighting, nanotools, IT
(high capacity computers), telecom, chemical and life-science engineering, and
other fields are also being developed and explored. In the storage media
segment, the growth is primarily supported by demand for DVDs,
magneto-resistive random access memory (MRAM), and in many other segments.
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The growing demand and applications
of nanotechnology are seeing increased adoption of nonmagnetic materials and
devices across most industry verticals. Biotechnology, data storage and
retrieval (read heads) are some of the key sectors driving the demand in the
current global scenario. However, with the development of new applications in
the automotive and manufacturing sector, nanomagnetic devices and materials
have a high potential for growth in the near future. Nanomagnetics, which is an
application of nanotechnology, can be defined as application of magnetic property
of nanomaterials in the form of devices and systems, for various purposes
across different verticals. Nanomaterials are ideally considered within
dimensions of 30nm to 100nm. However, with further developments, particles
below 30nm may also find extensive applications.
The nanomagnetics market, based on
product types, can be classified into the following segments: Particulates,
thin films, and bulk products. The market for nanomagnetics can also be
segmented based on end use. These are: storage media, industrial applications,
and biotechnology. The storage media currently has the leading players focusing
on MRAMs, while industrial applications currently include seals, loudspeakers,
refrigeration (magnetic), and dampers. In the field of biotechnology,
applications of nanomagnetics are varied, and include the following key
applications: MRI (magnetic resonance imaging), drug delivery, and MFH
(magnetic fluid hyperthermia).
Some of the market players in this
industry are: Fujitsu Laboratories, Ltd., IBM Corp., Liquids Research Ltd.,
Quantum Design, Bayer Schering Pharma AG, and others.
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This research report analyzes this
market depending on its market segments, major geographies, and current market
trends.
Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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The rapidly growing automotive
industry is expected to drive the microcontrollers market over the next five
years. Hybrid electric vehicles are gaining popularity due to the plethora of
environmental benefits they offer. This is estimated to result in increasing
demand for microcontrollers, which can be primarily attributed to the large
number of MCUs required for emission control and fuel efficiency in these
vehicles. Additionally, price cuts in the industry due to high degree of
competition are also expected to further market growth. However, unfavorable
macroeconomic conditions and the moderately fragmented nature of the industry
are expected to impede the market over the forecast period.
Besides automotive, the industrial
segment is also a significant contributor to the overall market. Decreasing
product life-cycles has resulted in growing need for agility and flexibility in
the industrial ecosystem. Microcontrollers enable industrial automation by
supporting extensive feedback control mechanisms, and advanced sensors among
others. 32-bit microcontrollers are increasingly becoming popular as a direct
consequence of reducing unit prices. These products are capable of performing
complex control operations and are embedded in products that require higher
processing capabilities.
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