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Common-mode Chokes Market was valued at over USD 500 million in 2022 and is expected to grow at a CAGR of over 4% during the forecast period. The increasing demand for electronic devices is a significant driver of the common-mode chokes market share. With the growing use of electronic devices including smartphones, laptops, tablets, and IoT devices, there is an increasing need for noise suppression in electronic circuits. Common-mode chokes help to suppress Electromagnetic Interference (EMI) and Radio Frequency Interference (RFI) in electronic devices, leading to improved performance & reliability. Additionally, the growing adoption of industrial automation & control systems has also increased the demand for common-mode chokes as they help to ensure the smooth operation of these systems by reducing the effects of EMI & RFI. With the growing adoption of industrial automation and control systems across various industries including automotive, aerospace, manufacturing, and healthcare, the demand for common-mode chokes is expected to increase significantly.
The increasing need for noise suppression in electronic circuits is one of the key drivers of the common-mode chokes market growth. Electronic circuits are designed to process & transmit electrical signals, and any unwanted electrical noise or interference can disrupt the signals and reduce circuit performance. Common-mode chokes are effective in suppressing electrical noise & interference, which is essential for maintaining the proper functioning of electronic circuits. In April 2022, Schaffner announced the release of new common-mode chokes in LED lighting applications. The ED100/ED101 EMC filter series is a new product created to meet the needs of LED driver circuits. A significant differential-mode inductance matches the common-mode inductance of the new filter. Electronic systems have also become increasingly complex over recent years, with more components & subsystems being integrated into a single device. This complexity increases the risks of noise & interference in circuits, and common-mode chokes are necessary to ensure the proper functioning of these systems.
The common-mode chokes technology has undergone significant advancements in recent years, leading to improvements in the performance & functionality of these electronic components. The size of common-mode chokes has reduced significantly over the years, with the development of smaller and more efficient magnetic cores. Miniaturization has enabled the integration of common-mode chokes into smaller electronic devices while still maintaining their effectiveness in reducing electromagnetic interference. The primary function of common-mode chokes is to suppress electromagnetic interference, and technological advancements have led to improvements in EMI suppression capabilities. These improvements have led to better noise reduction in electronic circuits, resulting in improved signal quality and the increased reliability of electronic devices.
In addition, there is a growing global concern about climate change and the need to reduce greenhouse gas emissions. This has led to an increasing demand for renewable energy systems such as solar panels and wind turbines. These systems generate clean energy and help to reduce the reliance on fossil fuels. Common-mode chokes are used in these systems to suppress electromagnetic interference, ensuring that the energy generated is of high quality and can be safely transmitted to the grid.
Based on type, power line is expected to account for a significant market share. The increasing demand for high-quality power supply systems is driving the power line common-mode chokes market trends. Power line chokes can help to filter out unwanted noise & interference from the power supply, ensuring that the electronic device operates smoothly & efficiently. Additionally, the growing demand for energy-efficient devices is driving the adoption of power line common-mode chokes. These chokes can help to reduce power consumption and improve the overall efficiency of electronic devices, which is becoming increasingly important as energy costs continue to rise.
Based on type, automotive is expected to grow significantly during the forecast period. One of the main drivers of the common-mode chokes market in the automotive industry is the increasing demand for electric & hybrid vehicles. These vehicles use a variety of electronic components, which can generate EMI that can affect vehicle performance. Common-mode chokes are used in these components to reduce EMI and ensure the safe & efficient operation of the vehicle. Furthermore, the increasing demand for Advanced Driver Assistance Systems (ADAS) is also driving market demand. These systems use a variety of sensors and cameras to improve the safety & convenience of driving. Common-mode chokes are used in these components to reduce EMI and ensure the accurate & reliable operation of sensors and cameras.
Asia Pacific is expected to grow steadily during the forecast period. The increasing demand for electronic devices & equipment in the region is driving the common-mode chokes market expansion. The region is home to several leading electronics manufacturers such as Samsung, LG, Sony, and Panasonic. These companies are the major consumers of common-mode chokes, using them in a wide range of electronic devices including smartphones, TVs, and home appliances. Additionally, the increasing adoption of advanced technologies, such as 5G, AI, and the Internet of Things (IoT), is also driving the common-mode chokes industry growth in Asia Pacific.
The competitive landscape of the common-mode chokes market is highly fragmented, with many companies operating in the market. The key players in the common-mode chokes industry include AVX Corporation, Bourns, Inc., Coilcraft, Eaton Corporation PLC, Littelfuse, Inc., Murata Manufacturing Co., Ltd., Schaffner Holding AG, SCHURTER Holding AG, Sumida, Tamura Corporation, TDK Corporation, TT Electronics PLC, Würth Elektronik GmbH & Co. KG., and Yageo Corporation. The companies in the industry are focused on developing new products and improving their existing product offerings. This may involve investing in research & development as well as collaborating with customers to develop customized solutions that meet their specific needs.
The common-mode chokes market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
By Type
By End-use
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