Electronic Device Magnets Market Report 2026

The electronic device magnets market size has grown strongly in recent years. It will grow from $29.68 billion in 2025 to $32.17 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth in consumer electronics production, increased adoption of permanent magnets, rising demand for loudspeakers and motors, expansion of industrial automation, growth in magnet usage in hard drives.

The electronic device magnets market size is expected to see strong growth in the next few years. It will grow to $44.54 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing demand for magnet components in evs, rise in advanced sensor integration, expansion of renewable energy technologies, growing use of compact magnetic assemblies, increasing adoption of magnetic medical devices. Major trends in the forecast period include growing use of high performance neodymium magnets, rising demand for miniaturized magnet components, increasing adoption of magnet based sensors in electronics, growth in magnet applications for ev motors and power systems, expansion of automation systems requiring precision magnetic parts.

The increasing demand for consumer electronics is expected to drive the growth of the electronic device magnet market in the coming years. Consumer electronics are personal or household devices, such as smartphones and laptops, designed for individual use and entertainment. Electronic device magnets in consumer electronics enable key functions, including speaker audio, sensor operation, and secure device closures. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a Japan-based trade organization, reported that consumer electronics production reached 32,099 units. In comparison, consumer electronics production in May 2022 stood at 25,268 units. As a result, the rising demand for consumer electronics is fueling the growth of the electronic device magnet market.

Prominent companies in the electronic device magnet market are actively pursuing innovative technologies, such as clean earth magnet technology, with the aim of reducing the cost of magnets utilized in electronic device production. Clean earth magnet technology involves the development of permanent magnets using iron nitride, a material known for its abundance, affordability, and environmentally friendly properties. A notable example is Niron Magnetics, a U.S.-based startup dedicated to creating sustainable and rare earth material-free magnets for electric vehicles (EVs) and other electronic devices. In 2023, Niron Magnetics successfully developed clean-earth magnets utilizing iron nitride, an abundant and cost-effective alternative to rare-earth minerals. These magnets exhibit performance and temperature stability equivalent to, or even better than, traditional rare earth magnets. The application of these magnets extends to various sectors, including consumer electronics, industrial motors, pumps, compressors, wind turbines, and other products.

In August 2023, Standex International Corporation, a U.S.-based electronics company, completed the acquisition of Minntronix Inc. for approximately $30 million. This strategic move by Standex is aimed at strengthening its market position, expanding the company's product portfolio, and enhancing its capabilities in the field of magnetics. The acquisition of Minntronix Inc., a U.S.-based company specializing in the design and manufacturing of magnetics for applications such as telecom and data communication, has the potential to contribute to increased market share and revenue for Standex in the electronic device magnet market.

Major companies operating in the electronic device magnets market are Shin-Etsu Chemical Co. Ltd., TDK Corporation, Hitachi Metals Ltd., YantAI Shougang Magnetic Materials Inc., Vacuumschmelze GmbH & Co. KG, YantAI ZhenghAI Material Co. Ltd., Arnold Magnetic Technologies, Hangzhou Permanent Magnet Group, Thomas & Skinner Inc., Magx America Inc., Bunting Magnetics Co., Industrial Magnetics Inc., Electron Energy Corporation, Magnum Magnetics Corporation, Viona Magnetics, JPMF Guangdong Co. Ltd., Ninggang Permanent Magnetic Materials Co. Ltd., Intermetallics Japan Corporation, Ningbo Co-Star Materials Hi-Tech Co. Ltd., Risheng Magnets International Co. Ltd., Molycorp Magnequench, Permanent Magnets Ltd., Magnetic Hold Inc., OneMonroe (Monroe Engineering Products), Magnetic Component Engineering, Integrated Magnetics, Magnet Technology.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on rare earth materials, magnetic alloys, and finished magnet components have increased production costs for electronic device magnet manufacturers, particularly those relying on imports from China and Southeast Asia. Segments such as neodymium and samarium cobalt magnets are most affected due to high dependence on restricted supply chains. However, tariffs are also encouraging local sourcing, boosting domestic magnet production, and driving innovation in alternative sustainable materials, creating selective long term opportunities despite short term challenges.

The electronic device magnets market research report is one of a series of new reports that provides electronic device magnets market statistics, including electronic device magnets industry global market size, regional shares, competitors with an electronic device magnets market share, detailed electronic device magnets market segments, market trends and opportunities, and any further data you may need to thrive in the electronic device magnets industry. This esophageal catheter market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electronic device magnets are magnets utilized in electronic devices to serve various purposes, contributing to the functionality and performance of different components.

The primary types of electronic device magnets include ferrite magnets, neodymium magnets, samarium cobalt magnets, and alnico magnets. Ferrite magnets, also known as ceramic magnets, are a type of permanent magnet crafted from a ceramic-such as material with magnetic properties. These magnets find applications in various material types, including permanent magnets and electromagnets, catering to diverse end-users such as consumer electronics, aerospace and defense, industrial and automation, healthcare, automotive, energy, consumer goods, and other sectors.Asia Pacific was the largest region in the electronic device magnets market in 2025. The regions covered in the electronic device magnets market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic device magnets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electronic device magnets market consists of sales of ceramic device magnets, and cobalt device magnets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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