Common Mode Chokes Market Size Worth $982 million By 2030: IndustryARC

Common Mode Chokes Market size is estimated to reach $982 million by 2030, growing at a CAGR of 5.1% during the forecast period 2023-2030, according to the latest market research report published by IndustryARC. Expanding Automotive Industry and Increasing focus on energy efficiency are poised to propel the market growth, finds InudstryARC in its recent report, titled  “Common Mode Chokes Market – By Type [ Data Line, Power Line, Signal Line], By Application [Consumer Electronics, Automotive, Aerospace & Defence, Industrial, Commercial],By Frequency Range[ Radio Frequency, Audio Frequency], By Packaging[Bulk, Tube, Strip, Cut Tape, Digi-Reel, Others],By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030″

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North America is the fastest growing region               

Geographically, in the global Common Mode Chokes market share, North

America is analysed to grow with the highest CAGR of 5.8% during the forecast period  2023-2030.There are stringent electromagnetic compatibility (EMC) regulations in North America that limit the amount of electromagnetic interference (EMI) that electronic devices can produce or tolerate. Common mode chokes are widely used to comply with these regulations and ensure that electronic devices are safe and reliable.

For instance, the NEC is a set of electrical safety standards in the United States. The NEC includes provisions for limiting electromagnetic interference (EMI) in electrical systems and requires compliance with FCC rules for electronic devices.

Common Mode Chokes Market 2023-2030: Segmentation

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Common Mode Chokes Market Report – Key Takeaways:

• Asia-Pacific Region owns the largest market share

Asia- Pacific region had the highest market share in the global Common Mode Chokes Market with a market size of $378 Million in 2022.The Asia Pacific region has been experiencing rapid industrialization, which has led to an increase in demand for electronic components. This region is the largest consumer electronics market in the world. The growing demand for consumer electronics such as smartphones, tablets, and laptops is driving the demand for common mode chokes, which are used to reduce EMI and ensure reliable operation of electronic devices.

• The Automotive Applications segment is expected to grow the fastest

According to the Common Mode Chokes Market forecast, the Automotive Application segment is expected to grow the fastest with a CAGR of 5.9% .Common mode chokes (CMCs) are widely used in the automotive industry for electromagnetic interference (EMI) suppression in various electronic systems. CMCs are used in powertrain systems, such as engine control modules (ECMs), to suppress EMI and improve the overall performance and reliability of the system. Additionally, they are used in Infotainment systems, Lighting systems, Safety systems.           

• Usage of Advanced Materials and Techniques in Manufacturing

New materials such as nanocrystalline cores are being used in common mode chokes to improve their efficiency and reduce their size. These materials can also handle higher operating temperatures and reduce core losses, resulting in more efficient and reliable EMI filters.

Another approach is to use advanced manufacturing techniques such as surface-mount technology (SMT) and multilayer ceramic construction.Multilayer ceramic construction allows for the integration of multiple components into a single package, further reducing the size and complexity of the circuit.

• Emergence of Other EMI suppression Technologies hamper the market growth

Common mode chokes Market face competition from other EMI suppression technologies such as ferrite beads, capacitors, and filters. These technologies offer alternative solutions for suppressing EMI, and their increasing adoption could reduce the demand for common mode chokes. Shielding , Grounding and Conducting Coating are some of the techniques that are being used as an alternative to Common Mode Chokes.

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Key Opportunity Analysis:

Need of Compact EMI Filters opens door for Miniaturization of Common Mode Chokes

Miniaturization of common mode chokes is a significant trend in the market, driven by the need for compact EMI filters in portable and handheld devices. The development of smaller, more efficient common mode chokes has led to a significant reduction in the size of EMI filters, making them more suitable for use in miniaturized electronic devices. The miniaturization of common mode chokes has enabled the development of smaller and more efficient electronic devices, particularly in applications such as portable electronics, wearable devices, and IoT devices.

Emergence of Wireless Power Transfer

Common mode chokes are being used in wireless power transfer systems to improve efficiency and reduce EMI. These chokes can help to suppress common mode noise in wireless charging systems, resulting in faster and more efficient charging.

One of the challenges in wireless power transfer is to minimize the amount of electromagnetic interference (EMI) that is generated by the system. Common mode chokes can be used to suppress common mode noise and EMI that can be generated by the system.In wireless power transfer systems, common mode chokes are typically used in the power transfer coils or in the power supply circuits.

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The Report also Covers the following Areas:

• Common Mode Chokes Market Size and Forecast
• Common Mode Chokes Market Trends
• Common Mode Chokes Market Analysis by Product Type

Common Mode Chokes Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Common Mode Chokes Market size estimation and forecast
• Analysis and predictions on end users’ behaviour and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Common Mode Chokes Market

COVID-19 / Ukraine Crisis – Impact Analysis :

• The pandemic caused significant disruptions in global supply chains, which impacted the production and delivery of common mode chokes. The pandemic also resulted in a decline in demand for common mode chokes in certain end-user industries such as automotive, consumer electronics, and industrial automation as many businesses and factories were shutdown or operated at reduced capacity. The pandemic created growth opportunities for the common mode chokes market, particularly in the health care industry.
• Disruption in the supply chain and price fluctuations posed a major challenge for the manufacturers in the industry. As Russia is one of the largest economies, the sanctions imposed have impacted the end-user industries such as automotive and consumer electronics industries.

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List of Key Market Players in Common Mode Chokes Market:

The Global Common Mode Chokes Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Murata Manufacturing Co., Ltd.
• TDK Corporation
• Vishay Intertechnology, Inc.
• Pulse Electronics Corporation
• Taiyo Yuden Co., Ltd.
• Schaffner Holding AG
• Delta Electronics, Inc.
• Wurth Electronics
• Panasonic Corporation
• Laird Connectivity

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