Overview of the global nanomagnetic market

Technavio’s market research analyst predicts the global nanomagnetic market to grow steadily at a CAGR of around 3% by 2021. One of the primary drivers for this market is the rise in the level of investments in nanotechnology. Improvements in nanotechnology require working at atomic and molecular levels, for which electron microscopes that have the capacity to work at the nanolevel are required. Governments and technology firms are investing significantly in the development of nanotechnology due to its broad range of applications in areas like medicine, electronics, biomaterials, and microfabrication. Countries like China, Japan, Canada, and the UK are investing significantly in nanotechnology and nanorobotics. This rise in investment will directly contribute to the rise of the nanomagnetic market during the forecast period.

One of the latest trends gaining traction in this market is the development of nanomagnetic for wireless charging applications. Wireless power transfer applications require high-performance magnetic materials for enabling critical functions such as electromagnetic interference (EMI) shielding and inductive coupling. Inductive coupling is the near-field wireless transmission of electrical energy between two magnetically coupled coils that are capable of resonating at the same frequency. Inductive coupling is a highly popular technique in wireless power systems. This makes the nanomagnetic technology critical for the development of wireless power transfer applications. Consequently, the increase in the adoption of wireless power transfer application will induce growth in the nanomagnetic market in the coming years.

Competitive landscape and key vendors

The global nanomagnetic market was in its nascent stage with no market leaders in 2016. However, due to the immense market potential of the technology during the forecast period, it is estimated that many more startups and other established firms will enter the nanomagnetic market. Also, the vendor landscape might witness several strategic partnerships and acquisitions by the established vendors to capture more market share and increase their geographical presence during the forecast period. 

Leading vendors in the market are –

• Nano Magnetics
• Quantum Design
• NanoMagnetics Instruments
• Liquids Research   

Segmentation by application and analysis of the nanomagnetic market

• Sensors
• Data storage
• Medical and genetics

During 2016, the medical and genetics segment dominated the nanomagnetic market and accounted for a major part of the overall market share. Technological advances in the healthcare sector have led to an increase in demand for compact and portable diagnostic sensing systems that provide quick, accurate, and useful vital statistics. This coupled with diverse applications of the nanosensors is the key contributor to the dominance of this segment in the global market.

Geographical segmentation and analysis of the nanomagnetic market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the Americas to dominate the nanomagnetic market during the forecast period. Increased funding for the development, support, and innovation in nanotechnology is driving the growth of the nanomagnetic market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global nanomagnetic market?
• What are the key market trends impacting the growth of the global nanomagnetic market?
• What are the challenges to market growth?
• Who are the key vendors in the global nanomagnetic market?
• What are the market opportunities and threats faced by the vendors in the global nanomagnetic market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global nanomagnetic market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

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• Global Scanning Electron Microscope Market 2016-2020

Technavio, a global market research firm, has announced the launch of its upcoming market research report on nanomagnetics for the period of 2017 to 2021. This upcoming market research report analyzes the key trends and drivers affecting the market landscape for the semiconductor equipment sector to estimate the overall growth potential for the global hardware and semiconductor industry. While analyzing the market scenario, several semiconductor equipment manufacturing professionals have observed that the semiconductor industry is witnessing profound advancements and progressive trends, which will create numerous business opportunities, both globally and regionally, to impact the overall industry’s growth. Our actionable market intelligence reports provide information on some of the leading vendors in the semiconductor equipment sector including Novanta, Rofin-Sinar Technologies, Han’s Laser, IPG Photonics, Konica Minolta, LG, Osram, Samsung, Tokyo Electron, Amkor Technology and Hitachi.

Keeping in mind the fast-trending nanotechnology within the semiconductor equipment industry, research analysts at Technavio have focused on several market insights to provide an intensive market analysis of the growth prospects and latest developments for the nanomagnetic market. This upcoming report also covers the market size and forecast from an international perspective, segmentations, and buying patterns of consumers.  With semiconductors being considered as the most integral component in several technical equipment like machine tools, flat screens, microwave ovens, or the simple dishwasher, the use of semiconductor equipment has extended to airplanes, ships, trains, cars, wireless interconnectivity, micropayment systems, medical devices as well as in food chain control. To give clients an in-depth analysis of the global market scenario, Technavio’s industry experts have focused on recent research and development, marketing, and planning of business operations to analyze the existing market space for new growth opportunities.

Our upcoming market intelligence report on nanomagnetic also takes into account the growth of the other niche semiconductor equipment market like global nanophotonics market, which is expected to grow at a tremendous CAGR of 48% by 2020. Besides syndicated reports, Technavio’s research analysts also bring you a comprehensive report on the latest trends, opportunities as well as challenges in the semiconductor equipment industry. You also get insights on the consumer preference and behavior as well as a clear understanding of the geographical segmentation of the semiconductor industry.

The market report for nanomagnetic also identifies the key drivers, emerging trends, as well as the challenges that the semiconductor equipment industry is currently experiencing. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the global hardware and semiconductor sector.