What is Global Common Mode Chokes Market?
The Global Common Mode Chokes Market is a vast and dynamic sector that plays a crucial role in the world economy. Common Mode Chokes are a type of electronic component that is used in various applications to filter out common mode electromagnetic interference (EMI). This interference can cause disruptions in the functioning of electronic devices, and hence, the use of Common Mode Chokes is essential to ensure the smooth operation of these devices. The global market for Common Mode Chokes is vast and diverse, with numerous players operating in the market. The market is characterized by intense competition, with companies constantly striving to innovate and develop new products to gain a competitive edge.
SMD Common Mode Choke, Through Hole Common Mode Choke in the Global Common Mode Chokes Market:
The Global Common Mode Chokes Market is segmented into two main types: SMD Common Mode Choke and Through Hole Common Mode Choke. SMD Common Mode Chokes are surface-mounted devices that are used in applications where space is a constraint. They are compact and lightweight, making them ideal for use in portable devices. On the other hand, Through Hole Common Mode Chokes are used in applications where high power handling capacity is required. They are typically used in industrial and automotive applications. Both these types of Common Mode Chokes have their own unique advantages and are used in different applications based on their specific characteristics.
Consumer Electronics, Communication, Household Appliances, Industrial, Automotive, Others in the Global Common Mode Chokes Market:
The Global Common Mode Chokes Market finds extensive usage in various sectors such as Consumer Electronics, Communication, Household Appliances, Industrial, Automotive, and others. In the Consumer Electronics sector, Common Mode Chokes are used in devices like smartphones, laptops, and televisions to filter out EMI and ensure the smooth functioning of these devices. In the Communication sector, they are used in networking devices like routers and modems to prevent interference in data transmission. In the Household Appliances sector, Common Mode Chokes are used in appliances like washing machines and refrigerators to prevent disruptions in their operation due to EMI. In the Industrial sector, they are used in various machinery and equipment to ensure their smooth operation. In the Automotive sector, Common Mode Chokes are used in various electronic systems in vehicles to prevent interference and ensure their proper functioning.
Global Common Mode Chokes Market Outlook:
The global Common Mode Chokes market has shown a promising growth trend. As per the recent market outlook, the market was valued at US$ 649.7 million in 2022. It is projected to reach a value of US$ 905 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2023-2029. The market is dominated by the top 3 companies, which collectively hold a market share of about 41%. The Asia Pacific region is the largest market for Common Mode Chokes, accounting for a market share of about 57%. This is followed by North America and Europe, which hold market shares of about 15% and 11% respectively. In terms of product type, SMD common mode choke is the largest segment, accounting for a market share of about 84%.
| Report Metric | Details |
| Report Name | Common Mode Chokes Market |
| Accounted market size in 2022 | US$ 649.7 million |
| Forecasted market size in 2029 | US$ 905 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Murata, TDK, Chilisin, TAIYO YUDEN, Cyntec, Sunlord Electronics, Vishay, TAI-TECH Advanced Electronic, Sumida, YAGEO Corporation, Eaton, Schaffner, Laird Performance Materials, TABUCHI ELECTRIC, TAMURA CORPORATION, Hitachi Metals, Coilcraft, Nippon Chemi-Con Corporation, Bourns, AVX Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
