The Magnetics Market size is estimated at USD 14.10 billion in 2024, and is expected to reach USD 18.52 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).
Magnetic components are widely adopted in both advanced industrial and common household appliances, ranging from refrigerators and televisions to telecommunication devices. Magnetics plays a crucial role in cars, monitoring voltage in power supplies for dashboard displays, interior and exterior lighting, climate control, and other systems. These components are used in cell phones, computers, communication systems, and other electronic products.
The magnetics market is fragmented, comprising long-standing established players who have made significant investments in the product. The new players entering the market require high investments. The companies can sustain themselves through powerful competitive strategies, and key players are TDK Corporation, Yageo Corporation, Meritek Electronics Corporation, AVX Corporation (Kyocera Group), and Vishay Intertechnolo.
In January 2024, TDK Corporations subsidiary TDK Ventures Inc. invested in Singaporean tech company Silicon Box for digital and energy transformation. It plans to accelerate the market for semiconductor packaging innovations through Silicon Box.
In November 2023, The Bourns introduced an air coil inductor series with high self-resonant frequency, high Q, and tight inductance tolerance. The Model AC4842R Air Coil Inductor Series offers a low-loss, high-frequency solution that gives RF application designers a wider range of high-Q solution options.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook