tanmayApril 15, 2021
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The nano-magnetic devices market is expected to grow at a CAGR of about 6.7% during the forecast period of 2021-2026.
The major driver for the growth of the nano-magnetic device market is the rising demand for nanotechnology. There is an increasing requirement for nanotechnology in advanced manufacturing applications due to the need for compact performance and size reduction of electronics. Nanotechnology has been majorly adopted by developed economies like Germany, the United States, Canada, and France, among others. Furthermore, the rising demand for energy-efficient devices is also driving the growth of the market. However, the market is not yet fully commercialized, with the increasing number of research initiatives across the globe that will drive the growth of the market in the coming years.