Global Ferrite Cores Market By Type (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core, And Other), By Industry Vertical (Electronics, Automotive, Communication), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

Ferrite cores are the type of magnetic cores that are made from soft ferrite. It is a soft magnetic material based on iron-oxide. This material has high magnetic and outstanding electrical resistance properties in the higher frequency range, with saturation flux density little lesser than other soft magnetic materials. The ferrite cores can be used in signal transformers that are small in size and have higher frequencies as well as for power transformers that are large with lower frequency.

These are widely used in the cores of inductors and RF transformers in applications such as ferrite loop-stick antennas, and switched-mode power supplies for AM radio receivers. These are used in several manufacturing companies that are propelling the growth in the ferrite core market globally. Due to its high-frequency properties, the ferrite core market increases its demand. It becomes a significant factor in driving the market. There is a high adoption rate in the manufacturing of automobile components. Also, ferrite cores are used to improve the efficiency of power supplies with minimized transformer losses, which is another major factor in driving the growth of the ferrite core market. These ferrites have applications in various power circuits, including current transformers, inductors, magnetic amplifiers, and chokes. There is less requirement of air conditioning that results in significant energy savings. These several benefits bring popularity that led to expanding market demand.

Rapid industrialization and urbanization are projected to bolster the growth of the target market because of increasing energy and power demand. The power generation and its distribution need transformers, and rising demand for the electrical accessories and equipment probably raises the demand for ferrite cores. Along with electrical, the electronic industry is increasing demand for automation and control for various machinery. These increase the usage of ferrite cores. The growing demand for ferrite cores in communicational products with different frequencies owing to its technological advancement is another factor expected to drive growth of the target market. The ferrite core market is expected to develop its demand in the automobile sector due to changing trends in automotive technologies, as many countries are in the introductory phase for electric vehicles, and some are well established. It is likely to be a significant trending factor for the market.

The global ferrite core market segmented by the type of core concerning its material and composition. Within this section, it is segmented in Nickel-Zinc ferrite core, Mn-Zn ferrite core, and other types. Also, the market is segmented based on industry verticals such as electronics, automotive, communication, and other industry verticals. The electronic segment is expected to hold significant revenue share in the target market owing to the increasing demand for consumer electronics and household appliances. Ferrite cores have low coercivity because of their relatively small losses with high frequencies, and it is widely used in radio frequency and switched-mode power supply inductors and transformers. Ferrite cores for high-quality communication devices and high-frequency power supply markets are produced in a lot of different sizes and shapes for inductors, pulse transformers, noise filters, and high-frequency transformers.

The regions include Europe, North America, Asia Pacific, South America, and the Middle East and Africa. The Asia Pacific market accounts for a major revenue share in the global ferrite core market owing to rapid industrialization in countries in the region. Japan and China have the highest demand for the ferrite core due to increasing electronic and telecommunication industries. North America market is expected to register a considerable growth rate in the near future. In addition, countries such as the US and Canada falls under the earliest adopters of technology emergers, which helps to retain the improving position of the region.

Global Ferrite Cores Market Segmentation:

Segmentation by Type

• Nickel-Zinc Ferrite Core
• Mn-Zn Ferrite Core
• Other Types

Segmentation by Industry Vertical

• Electronics
• Automotive
• Communication
• Other Industry Verticals

Segmentation by Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Players

• TDK
• DMEGC
• MAGNETICS
• TDG
• Acme Electronics
• JFE Ferrite Group
• HEC GROUP
• JPMF
• Hitachi Metals
• FDK CORPORATION