Nano-magnetic devices market in expected to witness a stellar growth. The opportunities in the market are expected to touch a valuation of US$12.41 bn by the end of 2024. The market was recorded at a value of US$7.2 bn at the end of 2016. This means nano-magnetic devices market is projected to grow at an impressive CAGR of 6.98% during the forecast period. Based on region, North America is expected to hold highest share in the nano-magnetic device market during the forecast period. This is mainly because of the early adoption of the advanced technology and high spending power of consumer in the region. Asia Pacific is expected to surpass North America in terms of regional revenue by the end of forecast period. This is mainly due to the increasing penetration of electric devices in China, Japan, India and South Korea. On the basis of end user industries, the electronics and IT is extrapolated to accounts for the maximum revenue share in the nano-magnetic devices Major Key Players of the Non-Magnetic Devices Market are: Intel Corporation, Samsung Electronics, LG Electronics Inc, Fujitsu Limited and Microsoft. Get sample copy of “Non-Magnetic Devices Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=988 High Investment for Integration and Testing of Nano-magnetic Devices to Hamper Prospects •
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Along with this, increasing acceptance of the nano- magnetic devices in fuel cell and hydrogen powered fuel cell making them more efficient, pocket friendly and commercially viable. Despite several drivers, the nano-magnetic devices need through testing the manufacturers in order to integrate them with other devices. The low budget assigned by the manufacturers for new innovation and exploration is a major hurdle in the mass adoption of nano-magnetic devices in several industrial sectors. However, unpreceded rise in urbanization and industrialization is one of the major driving force for nano-magnetic devices market. Additionally, increasing use of sensors across various sectors such as building automation and HVAC system. The information is derived from report titled, “Nano-magnetic Devices Market (Product Type - Sensors (Biosensors and Bioassays and GMR Sensors), Separation, Data Storage (Hard Disks and MRAM), Medical and Genetics, and Imaging; End User - Electronics and IT, Medical and Healthcare, Energy, and Environment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”
The global nano-magnetic devices market is segmented as belowProduct Type •
Sensors o
Biosensors and bioassays
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Giant magneto resistive (GMR) sensors
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Separation
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Data Storage
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Hard disks
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MRAM
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Others
Medical and Genetics