Chip Ferrite Beads Market Size, Share, Growth, and Industry Analysis, By Type (General Grade, Automotive Grade, Other), By Application (Consumer Electronics, Automotive, Telecom/Datacom, Other), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

REPORT OVERVIEW

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The global chip ferrite beads market size was USD 758.52 million in 2021. As per our research, the market is projected to touch USD 1067.15 million by the end of 2028, exhibiting a CAGR of 4.89% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering, with the chip ferrite beads market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Ferrite beads, which are tiny ceramic components, are used to reduce electronic noise. To lessen electromagnetic (EMI) and radio frequency interference (RFI), ferrite beads can be connected in series or parallel to electrical parts or circuits. They typically feature a cylinder shape with a two-wire lead for connecting. A Chip is a passive electronic component called a ferrite bead is used to reduce high-frequency noise in an electrical circuit. Ferrite, a ceramic substance that is non-conductive and strongly magnetic, is typically used to make it.

COVID-19 Impact: Market was hampered due to the Economic Downturn and Disturbance

The pandemic’s impact on supply chain and the ensuing economic slowdown brought on by the limitations hindered the market expansion of ferrite beads. This had a significant influence on markets in the Asia Pacific area, which led to a decline in profits and sales over the previous two years. The effects of lockdowns and the halt of manufacturing were mainly felt in China and Japan. Thus, the pandemic and the resulting recession that followed had an adverse impact on the chip ferrite beads market.

LATEST TRENDS

"Modification of the Electronic Gadgets Increase the Market Demand"

As the demand for the product rises, the chip ferrite beads market will soon see a boom in production demand. As pandemic constraints loosen, this increase is ascribed to the unprecedented need for these devices in electronic gadgets. The product is in high demand, particularly in the North American region where the majority of automotive electronic suppliers and manufacturers are headquartered. Due to the presence of the major companies there, Asia is an important hotspot manufacturer. The increased demand from producers of electronic devices across the globe for products that lessen electromagnetic interference and electrical noise in the units is another factor driving the expansion of ferrite beads.

SEGMENTATION

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• By Type

Based on type the market is classified as general grade, automotive grade, and other.

• By Application

Based on application the market is classified as consumer electronics, automotive, telecom/datacom, and other.

DRIVING FACTORS

"Technological Advancements to Drive the Market Growth"

Chip ferrite beads market is expanding as a result of its use in automobiles and household appliances including heaters, microwaves, and refrigerators. Due to manufacturers' improved manufacturing capacity and advancements in production technology, the need for automotive electronics has risen recently. These elements will therefore fuel product and market expansion, which will be extremely advantageous to the sector. Many market participants have seen a rise in their graphs as a result of this. Chip ferrite beads are frequently used in electronic circuits to reduce electromagnetic interference (EMI). The need for efficient EMI mitigation technologies has increased as a result of the complexity and miniaturization of electronic equipment.

"High Usage of Electronic Gadgets to Fuel the Market Growth"

Global producers and businesses need a lot of electricity to keep their equipment running properly and without any technical difficulties. Key investors in areas like Asia and North America are so using the ferrite beads' capacity to lower noise in transistors, switches, and heaters. As a result, the market has viable products to offer the interested parties. Numerous industries, including consumer electronics, automotive, telecommunications, and industrial automation, have seen a surge in the use of electronic devices, which has boosted the demand for components that can increase the usefulness and dependability of these systems. Chip ferrite beads are an important part of contemporary electronics because they improve signal integrity and lower EMI.

RESTRAINING FACTOR

"High Costing of Raw Material to Decrease the Market Demand"

Growth of the market will be hampered by the high cost of raw materials used to make ferrite beads and supply chain disruptions brought on by the pandemic. The ongoing conflict in Europe has driven up the cost of every good sold worldwide, interrupting the manufacturing process and costing businesses money. Due to the volatility of the raw materials market, investors must therefore secure their high stakes before making investments in the product after a thorough review of the current situation. Chip ferrite beads can range in price depending on the brand, quality, and requirements. If these components considerably raise production costs as a whole, price-sensitive customers or sectors can be reluctant to accept them.

REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Owing to Mass Production"

Asia Pacific holds the largest chip ferrite beads market share due to an increase in the production capacity of major industrial companies. The majority of the manufacturers are based in China, Japan, and Korea. As a result of these developing countries' low cost of production and rising global demand, the market for the product is expanding. Following an exceptional increase in production technologies and manufacturing capacities, the gadget will keep expanding in the area.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. These factors lead to chip ferrite beads market growth.

List of Market Players Profiled

• TDK (Japan)
• Murata (Japan)
• Yageo (Chilisin) (China)
• Sunlord (China)
• TAIYO YUDEN (Japan)
• Microgate (China)
• Samsung Electro-Mechanics (South Korea)
• Bourns (U.S.)
• Vishay (U.S.)
• Fenghua advanced (China)
• Laird Performance Materials (U.K.)
• Wurth Elektronik GmbH (Europe)
• Tecstar (U.S.)
• Max echo (China)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.