Planar Magnetics Market Size, Share, Growth, and Industry Analysis by Type (Planar Transformers & Planar inductors), By Application (Automotive, Telecom, Industrial, Aerospace & Defense and Others) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

Planar Magnetics Market Report Overview

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The global planar magnetics market size is USD 258.1 million in 2022 and is expected to reach USD 834.24 million in 2031, exhibiting a CAGR of 12.7% during the forecast period.

Planar inductors and planar transformers are two examples of planar magnetics. The planar designs work with a variety of power and frequency levels. Compared to equivalent wire wound transformers, planar technology offers better power density and performance. Planar technology is thus perfectly suited for military systems, battery management, and quick charging of electric vehicles. They have a wire passing through a thin, flat diaphragm. The diaphragm and the magnet are hung.

The interaction between the magnets and the diaphragm is produced by the electromagnetic signal travelling through the wires, which turns the diaphragm on and off. Planar inductor, which does not need conventional winding, is made out of a planar coil sandwiched between two magnetic films. Four different forms of planar inductors—the hoop type, spiral type, meander type, and closed type—have had their design parameters determined. Devices with precise electrical characteristics, such as capacitance, output, and aspect ratio, are known as planar transformers. They are employed in aerospace and defense projects.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with planar magnetics experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Manufacturers of semiconductors and electronics experienced issues as a result of the COVID-19 outbreak, including unstable markets, a decline in consumer confidence, and issues with import and export trade. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, labels, and other items has become challenging as a result of lockdowns. The markets for semiconductors were affected financially in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. To address this urgent situation, manufacturers of semiconductors and electronics are focusing on securing their staff, operational procedures, and supply chains. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall semiconductors and electronics industry. This has partially impacted the planar magnetics market.

LATEST TRENDS

"Automotive Industry to Boost the Market Growth"

The high power planar for the automobile industry is the primary trend driving the market. As the demand for electric vehicles increases for both personal and commercial transportation, designers of on-board chargers (OBC) and DC/DC inverters are under more pressure to ensure that the battery packs are used effectively, which will enhance market sales overall. The power magnetic components that are employed throughout the vehicle to offer isolation and voltage conversion are therefore given increased attention as a result of this reality. The rising use of resonate mode switching topologies and the requirement to ensure that this high-power magnetics are optimized in terms of density, weight, efficiency, and cost necessitate the employment of sophisticated 3D design methods. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increase product use in automotive industry will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Planar Magnetics Market Segmentation

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• By Types 

Based on type, the market is classified into Planar Transformers & Planar inductors.

• By Application

Based on the market is categorized into Automotive, Telecom, Industrial, Aerospace & Defense and Others.

DRIVING FACTORS

"Military & Aerospace Sector that Give the Market Extra Boost"

The use of the product in the military sector is the main element boosting the market. To address high-frequency circuits with high power density, planar magnetics are a very dependable and economical solution. The product's market value is increased because to this feature. Advanced Mil/Aero Electronics' performance will be improved by using magnetics. As nations and organizations continue to compete with one another, the market for military and aerospace systems is always expanding and changing. Companies in the industry must always innovate, and planar are one of the best and most economical ways to address high-frequency circuits with high power density at the board level. Over the forecast period, it is anticipated that military sector will increase product demand. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing use of product in military and aerospace sector will boost the market. It will contribute to the expansion of the semiconductor & electronics industry and it will improve the overall planar magnetics market growth.

"Telecommunications Industry to Encourage Market Expansion"

The telecommunications industry is another component driving market expansion. The widespread usage of planar magnetics technology in a range of industries, including telecommunications and power electronics, has a positive impact on market sales. In particular, rising switching frequencies have led to a boom in the use of planar inductors and transformers in power electronics. The air gap required for the design of a planar inductor was characterized and thoroughly explained. The inductance of a planar inductor is influenced by the gap width, number of turns, core material, and core geometry. When creating an inductor, each of these elements must be carefully taken into account. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Production Method to Impede Market Expansion"

The production method and product weight are the market restraints. Because of the permanent magnets on either side of the moving plane, planars have the drawback of being more heavy, occasionally more challenging to operate, and more challenging to manufacture well, all of which limit market expansion. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Planar Magnetics Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for planar magnetics in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in automotive, telecom, industrial, aerospace & defense sector is boosting the planar magnetics market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•     Paytoh Group (U.S.)
•    Standex Electronics (U.S.)
•    Vishay (U.S.)
•    Cramer Magnetics (U.S.)
•    Coilcraft (U.S.)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of planar magnetics industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.