Ferrite Market - Forecast(2022 - 2027)

Ferrite Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report (2022 - 2027)

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• Ferrite Market size is forecast to reach around $5 billion by 2025, after growing at a CAGR of 5% during 2020-2025.

• Ferrite is a ceramic material that consist of magnetic properties and formed by mixing iron oxides with one or more metallic elements such as barium, manganese, nickel, and zinc.

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Key Takeaways • Growing demand for consumer electronics such as computers and smartphones is a major growth factor for ferrite market size during the forecast period.

• Flourishing aerospace and defense industries with strong demand of ferrite for antennas and radar systems is also boosting the growth of the market.

• Continuous advancement in artificial intelligence and voice recognition technology also aid the growth of the ferrite market share.

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By Distribution Channel- Segment Analysis • Owing to low coercivity and good magnetizing properties, soft ferrite segment holds the largest share of more than 60% in the ferrite market in 2019.

• Though saturation magnetic flux density of soft ferrite material is lower than other soft magnetic materials, the high electric resistance and outstanding magnetic properties of soft ferrite materials further drive the market growth.

• Soft ferrite is used in the electronics industry to make ferrite cores for inductors and transformers, and in various microwave components.

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Ferrite Market Industry Outlook • • • • • • • •

Hitachi Metals, Ltd., Ferroxcube International Holding B.V., TDK Corporation, Amidon Inc., Laird Technologies, Inc., Toshiba Materials Co., Ltd., Mianyang Kaiyuan Magnetism Material Co., Ltd., Hengdian Group DMEGC Magnetics Co., Ltd.

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