The global soft ferrite core market is projected to amass a revenue of around USD 3.5 billion by 2033, up from USD 1.9 billion in 2023, moving forward with a CAGR of 6.2% during the forecast period.
High-frequency characteristic is the major factor driving the sales of soft ferrite cores, which are widely adopted for manufacturing automobile components. Moreover, ferrite cores are used to improve the efficiency of power supplies (switch mode power supply) with minimized power transformer losses, and the same is pushing the growth of the soft ferrite core market forward.
Soft ferrite cores are made up of material that can be easily magnetized and demagnetized, catering to the rising demand from various applications. On the flip side, complexity in minimizing eddy current losses is the major challenge faced by most manufacturers in the market, dwindling the soft ferrite core market share during the forecast period.
Top 4 Factors Spearheading the Soft Ferrite Core Market
Wide Applications
The demand for soft ferrite cores is increasing as they are widely used in power and electromagnetic applications. In addition, the soft ferrite core market is significantly fostered by its role in enhancing the electric current's flux. Moreover, the sales of soft magnetic cores are expected to soar as they are extensively used in several power circuits, such as magnetic amplifiers, inductors, chokes, and current transformers.
Automotive Industry
Increasing ferrite core usage in producing automotive components with increased cost-effectiveness compared to other materials is anticipated to expand the soft ferrite core market size during the forecast period.
Electronics Industry
In addition to being widely employed in sensors like inductive proximity sensors, soft ferrite cores are also widely used in EMI suppression devices, positively impacting the market outlook. It is a major driver of the adoption of soft ferrite cores in consumer electronics and home appliances, and it is anticipated to support market revenue growth in the future.
Improving Power Transformers
The use of soft ferrite cores in high-frequency transformers is shaping the market. Soft ferrite core plays a significant role in energy saving as it requires less air conditioning. The employment of ferrite cores in transformers and inductors and their management with little energy loss when the magnetic polarity is reversed, is expected to spike the demand for soft ferrite cores to a considerable extent.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 6.2% |
| Market Valuation (2023) | USD 1.9 billion |
| Market Valuation (2033) | USD 3.5 billion |
The market is estimated to register a CAGR of 4.1%, with a valuation of USD 1.5 billion in 2018 and USD 1.8 billion in 2022.
Soft ferrite cores are widely used in various applications, including consumer electronics, automotive electronics, power supplies, telecommunications, and renewable energy systems. These cores provide high magnetic permeability and low electrical conductivity, making them suitable for applications where electromagnetic interference (EMI) suppression and efficient energy conversion are essential.
Between 2018 and 2022, the soft ferrite core market experienced steady growth due to increasing demand from sectors such as automotive electronics, industrial automation, and renewable energy. The growing adoption of electric vehicles (EVs), the expansion of 5G infrastructure, and the rising demand for renewable energy sources were among the key drivers for the market.
Additionally, the proliferation of smart devices, IoT (Internet of Things) applications, and the increasing need for high-frequency transformers and inductors also contributed to the demand for soft ferrite cores during this period.
Based on application, consumer electronics dominate the ferrite core market. Consumer electronics is estimated to secure a share of 33.1% in the global market by 2033.
Consumer electronics indeed represent a significant application segment in the ferrite core market. Soft ferrite cores are widely used in consumer electronic devices, including electromagnetic interference (EMI) suppression, power supply filtering, and noise reduction. Some common consumer electronics applications where ferrite cores are utilized include:
| Countries | Forecast Share (2022 To 2033) |
|---|---|
| United States | 18.7% |
| Germany | 9.1% |
| Japan | 4.7% |
| Australia | 3.9% |
| Countries | Forecast CAGR (2023 To 2033) |
|---|---|
| China | 5.6% |
| India | 8.7% |
| United Kingdom | 4.3% |
Due to an increase in the manufacture of electrical equipment in the region, North America is anticipated to get hold of a soft ferrite core market share of 42.2% in 2022.
The market in the region is also influenced by significant regional market players in the electrical sector, like General Electric, who exhibit an increase in soft ferrite core usage. Along with these factors, the region's market is also being driven by government initiatives for rapid economic expansion, energy-efficient appliances, changes in consumer lifestyles, and many manufacturers' existence.
The demand for electronic equipment has soared due to a high level of living and an increase in disposable income, and the same are expected to contribute to Europe's 21.1% market share in 2022.
Additionally, the need for RADAR systems has expanded across the region due to economic and security concerns, particularly in the aerospace and defence sectors, which is expanding the soft ferrite core market size. On the other hand, prices jumped to USD 95 per ton in markets based on the dollar in Europe, or €90 per ton, and the same is likely to dwindle in the market in Europe.
In general, the soft ferrite core market is fairly consolidated. Major manufacturers are seen engaging in product development, intensive research, and customization of their offerings to specialized and promising applications to augment their market share.
One of the tier 1 players is Toshiba Corp (Toshiba Materials Co., Ltd.), followed by Hitachi Metals Ltd. and Voestalpine Stahl GmbH. They are expected to hold a combined market share of more than 50% worldwide. Another prominent start-up in the market can be Viona Magnetics, which was founded in 1999. It provides services for the military, medical, broadcast, aerospace, automobile, electronics, and telecommunications sectors.
Like in several other industrial sectors, numerous start-ups have come up to compete with present-day soft ferrite core market players by adopting the newest technologies. For instance, a custom maker of ceramic magnets with barium or strontium ferrite magnet cores is available for use in loudspeakers, motors, craft projects, and toys.
Magnet cores are brittle and resistant to demagnetization. Pressing, sintering, injection moulding, assembling, surface treatment, machining, magnetizing, and handling are among the capabilities. Well-known manufacturers have also demonstrated the use of inorganic techniques.
Hybrid Electronics, an emerging start-up founded in 2005 at Stanford, is the EMI ferrite core distributor for wiring and cables. A few examples of secondary services are reeling, testing, retaining, up screening, and encapsulation or counterfeit detection.
Other Essential Players in the Global Market are:
Recent Developments in Soft Ferrite Core Market are as follows:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Type, Application, Region |
| Key Companies Profiled | TDK Corporation; DMEGC; MAGNETICS; Acme Electronics; Hitachi metals Ltd.; Ferroxcube International Holding B.V.; HEC Group; Toshiba materials Co. Ltd.; SAMWHA Electric. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Type, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Western Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Type, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Type, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Application, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Type, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by Application, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Type, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 16: Global Market Attractiveness by Type, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 34: North America Market Attractiveness by Type, 2023 to 2033
Figure 35: North America Market Attractiveness by Application, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Type, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Type, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Type, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Type, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Type, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Type, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Type, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Type, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Type, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
In 2023, the market was valued at USD 1.9 billion.
Until 2033, the market will experience a 6.2% CAGR.
An increase in the manufacture of electrical equipment in the region is shaping the North American market.
The market share of Europe in 2022 was 21.1%.
The market share of North America in 2022 was 42.2%.
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Soft Ferrite Core Market
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