The global chokes market size was valued at $1.5 billion in 2021, and chokes industry is projected to reach $2.6 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
A choke, also known as an inductor or reactor, is an electronic component designed to resist changes in electrical current by producing a magnetic field. Chokes consist of a coil of wire wrapped around a core material, such as iron or ferrite, and are used in various electronic circuits to filter out unwanted noise and interference, regulate current flow, and protect electronic components from damage. Chokes are commonly used in power supplies, audio amplifiers, radio and television receivers, and other electronic systems that require stable and reliable current flow.
The chokes market expansion is being driven by a range of factors, including the growth in demand for electronic devices, advancements in power generation technologies, and the rise in need for sustainable energy solutions. Chokes, which are electronic components that regulate current flow and protect electronic devices, are essential for various applications in different industries. T
he power generation industry, for example, relies on chokes to filter out noise and ensure stable current flow, while renewable energy systems also use chokes to regulate current and ensure reliable performance. Advancements in choke design and manufacturing have made chokes more efficient and compact, which has increased their demand in various industries. Emerging markets, such as China, India, and Brazil, also present significant opportunities for the chokes market, with the growing demand for electronic devices and the growth of manufacturing industries driving demand.
Despite these growth opportunities, the chokes market also faces some restraints, such as the limited availability of skilled labor for installation and maintenance, as well as fluctuations in raw material prices. However, the market is expected to continue to grow as more industries and applications require electronic systems, and the demand for sustainable energy solutions continues to increase.
Power inductors, RF chokes, and common-mode chokes are all types of chokes that are used in electronic circuits for various applications. Power inductors are used in power conversion circuits to regulate current and voltage levels. In addition, they are designed to handle high currents and are typically made of materials with high magnetic permeability. RF chokes are used in radio frequency circuits to filter out unwanted signals and noise; are designed to have a high impedance at radio frequencies and are typically made of materials with low magnetic permeability.
Common-mode chokes, on the other hand, are used in data communication circuits to suppress common-mode noise, which can cause data errors and affect system performance. They are designed to have a high impedance to common-mode currents while having a low impedance to differential-mode currents. This helps to suppress noise and ensure reliable communication.
The chokes market is segmented into type, end-use, and region. By type, the market is divided into power inductors, RF chokes, common-mode chokes, and others. By end-use, it is classified into automotive, consumer electronics, aerospace & defense, telecommunication, industrial automation, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
North America is one of the largest markets for chokes in the world, with a significant share of the global market. The region is home to many leading choke manufacturers and suppliers, and the market is expected to continue to grow due to the increasing demand for electronic systems in various applications. The choke market in North America is driven by demand from various industries, including telecommunications, automotive, aerospace, and defense.
In the telecommunications industry, chokes are used to filter out noise and interference from electronic signals, while in the automotive industry, they are used to regulate the flow of current and protect electronic components from damage. Some of the leading choke manufacturers and suppliers in North America include companies such as TDK Corporation, Murata Manufacturing Co. Ltd., and Pulse Electronics Corporation. These companies offer a wide range of choke products and have a strong presence in the region.
In the post-pandemic era, there is an increase in demand for renewable energy solutions and sustainable infrastructure, which is expected to drive demand for chokes in the power generation industry. The growth in need for reliable data communication and connectivity is anticipated to drive demand for chokes in the telecommunications and data center industries. In addition, the adoption of advanced technologies such as 5G networks, the Internet of Things (IoT), and artificial intelligence (AI) is expected to drive demand for high-performance electronic components such as chokes. As businesses and industries continue to adapt to the changing landscape, the chokes market is expected to continue growing and evolving in the post-pandemic era.
A choke, also known as an inductor or reactor, is an electronic component designed to resist changes in electrical current by producing a magnetic field. Chokes consist of a coil of wire wrapped around a core material, such as iron or ferrite, and are used in various electronic circuits to filter out unwanted noise and interference, regulate current flow, and protect electronic components from damage. Chokes are commonly used in power supplies, audio amplifiers, radio and television receivers, and other electronic systems that require stable and reliable current flow.
The chokes market expansion is being driven by a range of factors, including the growth in demand for electronic devices, advancements in power generation technologies, and the rise in need for sustainable energy solutions. Chokes, which are electronic components that regulate current flow and protect electronic devices, are essential for various applications in different industries. T
he power generation industry, for example, relies on chokes to filter out noise and ensure stable current flow, while renewable energy systems also use chokes to regulate current and ensure reliable performance. Advancements in choke design and manufacturing have made chokes more efficient and compact, which has increased their demand in various industries. Emerging markets, such as China, India, and Brazil, also present significant opportunities for the chokes market, with the growing demand for electronic devices and the growth of manufacturing industries driving demand.
Despite these growth opportunities, the chokes market also faces some restraints, such as the limited availability of skilled labor for installation and maintenance, as well as fluctuations in raw material prices. However, the market is expected to continue to grow as more industries and applications require electronic systems, and the demand for sustainable energy solutions continues to increase.
Power inductors, RF chokes, and common-mode chokes are all types of chokes that are used in electronic circuits for various applications. Power inductors are used in power conversion circuits to regulate current and voltage levels. In addition, they are designed to handle high currents and are typically made of materials with high magnetic permeability. RF chokes are used in radio frequency circuits to filter out unwanted signals and noise; are designed to have a high impedance at radio frequencies and are typically made of materials with low magnetic permeability.
Common-mode chokes, on the other hand, are used in data communication circuits to suppress common-mode noise, which can cause data errors and affect system performance. They are designed to have a high impedance to common-mode currents while having a low impedance to differential-mode currents. This helps to suppress noise and ensure reliable communication.
The chokes market is segmented into type, end-use, and region. By type, the market is divided into power inductors, RF chokes, common-mode chokes, and others. By end-use, it is classified into automotive, consumer electronics, aerospace & defense, telecommunication, industrial automation, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
North America is one of the largest markets for chokes in the world, with a significant share of the global market. The region is home to many leading choke manufacturers and suppliers, and the market is expected to continue to grow due to the increasing demand for electronic systems in various applications. The choke market in North America is driven by demand from various industries, including telecommunications, automotive, aerospace, and defense.
In the telecommunications industry, chokes are used to filter out noise and interference from electronic signals, while in the automotive industry, they are used to regulate the flow of current and protect electronic components from damage. Some of the leading choke manufacturers and suppliers in North America include companies such as TDK Corporation, Murata Manufacturing Co. Ltd., and Pulse Electronics Corporation. These companies offer a wide range of choke products and have a strong presence in the region.
IMPACT OF COVID-19 ON THE GLOBAL CHOKES MARKET
The pandemic also drove demand for electronic devices and infrastructure, as more people have been working and studying from home. This increased the demand for chokes and other electronic components used in these devices, as well as in the data centers and communication networks that support them.In the post-pandemic era, there is an increase in demand for renewable energy solutions and sustainable infrastructure, which is expected to drive demand for chokes in the power generation industry. The growth in need for reliable data communication and connectivity is anticipated to drive demand for chokes in the telecommunications and data center industries. In addition, the adoption of advanced technologies such as 5G networks, the Internet of Things (IoT), and artificial intelligence (AI) is expected to drive demand for high-performance electronic components such as chokes. As businesses and industries continue to adapt to the changing landscape, the chokes market is expected to continue growing and evolving in the post-pandemic era.
Competitive Landscape
Key players in the transparent chokes industry are Eaton Corporation, Murata Manufacturing Co., Ltd., Sumida Corporation, Delta Electronics, Inc., Panasonic Corporation, Rohm Semiconductor, Pulse Electronics, AVX Corporation, Vishay Intertechnology, and TDK Corporation. These players have adopted various strategies such as product launches, acquisitions, and others to gain a higher share or retain leading positions in the market.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chokes market analysis from 2021 to 2031 to identify the prevailing chokes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the chokes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global chokes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Inductor Choke
- RF Choke
- Common-Mode Choke
- Others
- Automotive
- Consumer Electronics
- Aerospace and Defense
- Telecommunications
- Industrial Automation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- AVX Corporation
- Vishay Intertechnology Inc.
- TDK Corporation
- Eaton Corporation
- Murata Manufacturing Co., Ltd.
- Sumida Corporation
- Delta Electronics, Inc.
- Panasonic Corporation
- ROHM Semiconductor
- Pulse Electronics Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CHOKES MARKET, BY TYPE
CHAPTER 5: CHOKES MARKET, BY END-USE
CHAPTER 6: CHOKES MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- AVX Corporation
- Vishay Intertechnology Inc.
- TDK Corporation
- Eaton Corporation
- Murata Manufacturing Co., Ltd.
- Sumida Corporation
- Delta Electronics, Inc.
- Panasonic Corporation
- ROHM Semiconductor
- Pulse Electronics Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
