Global Common Mode Chokes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Common Mode Chokes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A common mode choke is an electrical filter that blocks high frequency noise common to two or more data or power lines while allowing the desired DC or low-frequency signal to pass. Common mode (CM) noise current is typically radiated from sources such as unwanted radio signals, unshielded electronics, inverters and motors. Left unfiltered, this noise presents interference problems in electronics and electrical circuits.

Market Overview:

The latest research study on the global Common Mode Chokes market finds that the global Common Mode Chokes market reached a value of USD 551.6 million in 2022. It’s expected that the market will achieve USD 735.57 million by 2028, exhibiting a CAGR of 4.91% during the forecast period.

Price Variance Caused by Fluctuations in Raw Material Prices

Common mode choke products are greatly affected by the price of raw materials. Both magnetic cores and wires are involved in bulk raw materials, and price changes are difficult to predict.

Downstream demand rises

As consumer demand for digital products such as mobile phones increase and competition in the mobile phone industry intensifies, the demand for inductive devices in the global market is rapidly increasing. The wireless capabilities of mobile phones are growing rapidly, from 2G, 3G, 4G to the next 5G, from Bluetooth, WIFI to NFC. The number of RF components in mobile phones has continued to increase because of backward compatibility. Any mobile phone must be backward compatible, and 4G mobile phones need to cover 2G and 3G. The introduction of antennas such as WIFI and NFC also requires more smaller and more sophisticated filters, inductors, and the like. These developments have created opportunities for the development of the common mode choke market.

Intense market competition, more potential entrants

At present, the market is fiercely competitive and new entrants are entering the market. Industry leaders include the business of most brand buyers, and small players are also crowding out market segments, trying to attract buyers by offering more efficient or customized services. The fierce market competition is a big challenge for the participants. It is particularly difficult for market leaders to expand their markets and potential entrants to seize the market. How to formulate a reasonable business strategy and stabilize market share is particularly difficult.

Region Overview:

China is projected to account for a considerable share of the Common Mode Chokes market and is expected to become the largest region by 2028.

Company Overview:

Murata Power Solutions is one of the major players operating in the Common Mode Chokes market, holding a share of 12.07% in 2023.

Murata Power Solutions

Murata Power Solutions designs, manufactures and distributes DC-DC Power Converters, AC-DC Power Supplies, Magnetics, Digital Panel Meters and Open Compute Datacenter Solution product lines which are offered in custom, standard and modified-standard variations. Murata products are used within electronic applications serving major global market sectors including telecommunications, computing, industrial controls, healthcare, energy management systems and more.

Wurth Electronics

Wurth Electronics is one of the leading manufacturers of electronic and electromechanical components in Europe. Product portfolio includes: EMC components, EMC filters, capacitors, inductors, RF inductors and LTCC components, resistors, quartz, oscillators, transformers, circuit protection components, power modules, LEDs, connectors, switches, high power contacts Points, assembly techniques, wireless connections and sensors.

Segmentation Overview:

Among different product types, Power Line segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment PC, with a market share of 30.88% in 2022.

Key Companies in the global Common Mode Chokes market covered in Chapter 3:

Laird
Triad Magmetics
Eaton
Chilisin Group
AVX (Kyocera)
Coilcraft
Murata Power Solutions
Panasonic
Sunlord Electronics
Wurth Electronics
KEMET Corporation
Taiyo Yuden
Schaffner
Vishay
Pulse Electronics
Bourns
Sumida
TDK Electronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Common Mode Chokes market from 2018 to 2029 is primarily split into:

Power Line
Signal and Data Line

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Common Mode Chokes market from 2018 to 2029 covers:

PC
Smart Phone
LCD TV
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)