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A recent report published by Infinium Global Research on common mode chokes market provides in-depth analysis of segments and sub-segments in the global as well as regional common mode chokes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional common mode chokes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global common mode chokes market. The global common mode chokes market was valued at over USD 650 million in 2022 and is expected to reach nearly USD 900 million in 2030, with a CAGR of above 4% during the forecast period 2023-2030.
A common mode choke refers to a passive electromagnetic device that allows space for the desired electrical signals through data or power lines, at the same time it filters out the unwanted high-frequency noise signal which comes from external sources or other circuits of the system. It is commonly used for the prevention of ElectroMagnetic Interference (EMI) and Radio Frequency Interface (RFI) from power supply lines which help to prevent electronic equipment from malfunctioning. The common mode chokes can be used in several industry verticals such as electronic, and telecommunication applications for PCs IEEE1394 lines are used, panel links are used for LCD panels, and countering common mode noise affecting signals in high-speed lines.
The common mode chokes market is primarily driven by rising demand from the automotive industry. The common mode chokes are used in automotive Controller Area Networks (CAN). A CAN bus is a device that permits microcontrollers and other devices to communicate without a host computer. Moreover, the common mode choke is primarily used to suppress high-frequency noise in electronic circuits of several devices or power lines such as USB cables. Thus, the rising demand for improved quality and new equipment with greater performance and stability in electronic appliances is expected to fuel market growth in the near future. Although, the leakage in common mode chokes affects the sound cancellation which prevents the growth of the market. Nonetheless, the extensive demand for common mode chokes in communication appliances is expected to create a new opportunity for the growth of the market.
The common mode chokes market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is expected to hold a maximum share of the common mode chokes market during the projected period. The increasing industrialization in the countries such as India, China, and Japan is responsible for the increasing growth of the market. The common mode chokes are highly used in the automotive, communication, transportation, and many other different industries. The increasing penetration of several industries in developing as well as developed industries are providing growth opportunities for the market in the region. Moreover, the North American region is anticipated to grab a significant share of the market due to the early adoption of new technology. The increasing investment in robotics is also supporting the growth of the market owing to the rising use of common mode chokes in robotic and automation solutions.
The report on global common mode chokes market covers segments such as type, and application. On the basis of type, the sub-markets include data line, power line, signal line, and others. On the basis of application, the sub-markets include commercial, industrial, and household electric appliances.
The report provides profiles of the companies in the market such as Eaton, TDK Corporation, Murata Manufacturing Co., Ltd., Schaffner Holding AG, KEMET Corporation, Bourns, Inc., Digi-Key Electronics, knitter-switch, Laird, and TAIYO YUDEN CO., LTD..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the common mode chokes market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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