Ferrite Beads Market Size, Share, Growth, and Industry Analysis, By Type (Chip Ferrite Bead, Through Hole Ferrite Bead), By Application (Automotive Electronics, Consumer Electronics), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Ferrite Beads Market Report Overview

• 
• Request A Free Sample to learn more about this report

The global ferrite beads market size was USD 639.8 million in 2021 and is expected to touch USD 1266.56 million by 2031, exhibiting a CAGR of 7.1% during the forecasted period.

Ferrite beads are also named ferrite chokes that suppress electrical noise in electronic devices or units. These devices convert electric energy to heat with inductors. They are seeing an increase in demand in the consumer sector as they are used internally in circuits, conductors, transistors, connectors, and household items such as microwaves, refrigerators, switches, and heaters, which are driving the market growth for the product. The product is divided into chips and through hole beads by type segmentation and has application in several electronic appliances.

The product is categorized by application into automotive and consumer electronics. The growth of ferrite beads is also due to propelled demand by global electronic device manufacturers that reduce the electromagnetic interference creating noise in electrical noise in the units. Thus, manufacturers can easily follow through with regulatory compliances offered by the ferrite devices in the form of a chip. These factors are the driving force behind recent developments and regional investments. Thus, it will benefit both the manufacturing and the consumer sectors.

COVID-19 Impact: Economic Slowdown and Disruptions Impeded Market Growth

The global COVID-19 pandemic has been unprecedented & staggering, with ferrite beads experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR can be attributed to demand returning to pre-pandemic levels after the pandemic is over.

The supply chain disruptions due to the pandemic and the resulting economic slowdown due to restrictions impeded the market growth of ferrite beads. This highly impacted markets in the Asia Pacific region, thus recording a loss in profits and revenues during the last two years. China and Japan were particularly affected by the consequences of lockdowns and stoppage of manufacturing processes. Thus, the market was negatively affected by the pandemic and the resulting economic slowdown.

LATEST TRENDS

"Market Will Experience Boom in Production Owing to High Demand"

The ferrite beads market will experience a boom in its production demand soon as the demand for the product increases. This boost is attributed due to the unprecedented requirement of these devices in electronic devices, as pandemic restrictions ease down. The demand for the product is high, specifically in the North American region, as most automotive electronic suppliers and manufacturers are based in the region. Asia is the crucial hotspot manufacturer of the device as the leading players are in the region.

Ferrite Beads Market Segmentation

• 
• Request A Free Sample to learn more about this report

By Type

The market is subcategorized into Chip and through hole ferrite beads based on the types.

By Application

Based on applications, the market is subcategorized into automotive electronics and consumer electronics.

DRIVING FACTORS

"Demand from Automotive and Consumer Electronic Sector to Drive Market Growth"

The ferrite bead usage in automotive and consumer electronic items such as microwaves, refrigerators, heaters, and others is driving the ferrite beads market growth. The demand for automotive electronics has increased recently, owing to the increased production capacity of manufacturers and innovations in production technology. Thus, these factors will drive the product and market growth, benefitting the industry immensely. This has resulted in a positive graph for many industry players.

"Applications in Various Electronic Devices to Propel Market Growth"

Global manufacturers and companies require high electricity for their machines to run smoothly without any technical glitches and obstacles. The ferrite beads' ability to reduce noise in transistors, switches, and heaters is thus being leveraged by key investors in regions such as Asia and North America. The rise in the market will record massive revenues and profits for the product's manufacturers, thus driving the market growth. Therefore, the market has potential offerings for the stakeholders.

Ferrite Beads Market Regional Insights

"High Costs and Economic Disruption to Impede Market Growth"

The high cost of raw materials to build ferrite beads and the supply chain disruptions in production due to the pandemic will impede the market growth. The current war scenario in the European region has escalated the costs of every item worldwide, disrupting the manufacturing process and resulting in a loss for companies. Thus, investors must ensure their high stakes before investments in the product after a thorough analysis of the current situation due to volatility in the raw materials market.

Ferrite Beads Market Regional Insights

• 
• Request A Free Sample to learn more about this report

"Asia Pacific to Lead Market Growth due to Advanced Manufacturing Capacity"

The Asian region will lead the ferrite beads market share due to growth in the manufacturing capacity of key industrial players. Most companies producing the devices are based in Korea, Japan, and China. This is driving the product's market growth as these developing nations provide the product at minimal costs, thus increasing the worldwide demand. The device will continue to grow in the region after an unprecedented boom in production technologies and manufacturing capabilities.

KEY INDUSTRIAL PLAYERS

The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. Other aspects of the report include research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The facts in the information may be subject to change, given the situation of market players from time to time. The Asia Pacific region will lead the industry with the largest share.

List of Market Players Profiled

• TDK (Japan)
• Murata (Japan)
• TAIYO YUDEN (Japan)
• Sunlord (China)
• Yageo (Taiwan)
• Chilisin (Taiwan)
• Microgate (U.S.)
• Samsung (South Korea)
• Bourns (U.S.)
• Zhenhua Fu (China)
• Fenghua advanced (China)
• Würth Elektronik GmbH (Germany)
• Vishay (U.S.)
• Tecstar (Taiwan)
• Laird (U.K.)
• Max echo (Taiwan)

INDUSTRY DEVELOPMENT

July 2022: TAIYO YUDEN has launched a new wire-wound metal power inductor. The power inductor is designed as a choke coil for usage in power supply circuits for automotive body systems. The product is designed based on the metal power inductor and maintains the advantages of a large current and a low D.C. resistance. The product also features industry-leading D.C. superposition characteristics and a low D.C. resistance, contributing to the downsizing and power consumption of supply circuits for circuit units, which will drive the ferrite beads market.

REPORT COVERAGE

The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating financial and technical market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if crucial players and analysis of market dynamics change. The information is an approximate estimation of the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation and key industrial developments.