The Global Common-mode Chokes Market size was estimated at USD 982.88 million in 2022 and expected to reach USD 1,030.55 million in 2023, projecting growth at a CAGR of 5.30% to reach USD 1,486.64 million by 2030.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.

Cumulative Impact of COVID-19:

The spread of the novel coronavirus had a significant impact on global markets and economies. One market that has seen its share of disruption is the common-mode choke market. With travel restrictions in place around the world, there was an immediate decrease in demand for common-mode chokes which are used in electronic systems for airplanes and other vehicles. This resulted in a drop in prices as manufacturers were no longer able to produce as many chokes due to reduced demand.

Cumulative Impact of Russia-Ukraine Conflict:

The conflict between Russia and Ukraine has caused supply chain disruptions that have led to higher prices for common mode chokes as manufacturers are unable to source raw materials from Ukraine. The result is that manufacturers are having to pay more for raw materials, which leads to higher production costs and, ultimately, higher prices for common-mode chokes.

Cumulative Impact of High Inflation:

High inflation also have an effect on common mode choke markets as it causes an increase in production costs due to rising energy costs and labor expenses. This results in higher manufacturing costs which can lead to higher prices for consumers who purchase these products. Additionally, high inflation cause currency devaluation, which could further drive up prices for consumers who purchase common mode chokes from foreign manufacturers who may be affected by currency fluctuations due to exchange rate changes caused by inflation.

Market Dynamics:

The market dynamics represent the ever-shifting landscape of the Global Common-mode Chokes Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.

  • Drivers
    • Proliferation of common-mode chokes in automotive and consumer electronics industry
    • Increasing adoption of industry 4.0 technologies by manufacturing firms
    • Rising need for power quality improvement in various industries
  • Restraints
    • High cost of components coupled with lack of specialized manufacturing processes
  • Opportunities
    • Rising investment and adoption of smart technologies in renewable energy sector
    • Technological advancement coupled with miniaturization of electronics devices
  • Challenges
    • Performance related limitations in common-mode chokes

Market Segmentation & Coverage:

    This research report categorizes the Global Common-mode Chokes Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Type, the market is studied across Data Line, Power Line, and Signal Line.
  • Based on Frequency, the market is studied across Audio Frequency Chokes and Radio Frequency Chokes.
  • Based on Voltage, the market is studied across Input and Output.
  • Based on Application, the market is studied across Automotive, Consumer Electronics, Industrial & Instrumentation, Lighting, Medical, Military, Mobile, Network Communications, Office Machines, and Telecommunications.
  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Common-mode Chokes Market, including API Delevan, Bourns, Inc., Coilcraft Inc., Cyntec Co., Ltd. BY Delta Electronics, Inc., Eaton Corporation PLC, HALO Electronics, Inc., Hitachi Limited, Knitter-Switch GmbH & Co.KG, KYOCERA AVX Components Corporation by Kyocera Corporation, Laird Technologies, Inc., Littelfuse, Inc. by Teccor Electronics, Inc., Magnetic Circuit Elements Inc., MH&W International Corp., Mouser Electronics, Inc. by Berkshire Hathaway Inc., MPS Industries, Inc., Murata Manufacturing Co., Ltd., Schaffner Holding AG, Shenzhen Sunlord Electronics Co. Ltd., STMicroelectronics International N.V., Sumida Corporation, TAI-TECH Advanced Electronics Co., Ltd., Taiyo Yuden Co., Ltd., Tamura Corporation, TDK Corporation, Triad Magnetics, TT Electronics PLC, VACUUMSCHMELZE GmbH & Co. KG by Siemens & Halske AG, Vishay Intertechnology, Inc., W?rth Elektronik eiSos GmbH & Co. KG, and Yageo Corporation.

The report provides insights on the following pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the key players
  • Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  • Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

  • What is the market size and forecast of the Global Common-mode Chokes Market?
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Common-mode Chokes Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Common-mode Chokes Market?
  • What is the competitive strategic window for opportunities in the Global Common-mode Chokes Market?
  • What are the technology trends and regulatory frameworks in the Global Common-mode Chokes Market?
  • What is the market share of the leading vendors in the Global Common-mode Chokes Market?
  • What modes and strategic moves are considered suitable for entering the Global Common-mode Chokes Market?