Common-Mode Chokes Market Size, Share, Analysis, Trends, Growth, 2032

Common-Mode Chokes Industry Prospective:

The global common-mode chokes market size was evaluated at $631 million in 2023 and is slated to hit $826 million by the end of 2032 with a CAGR of nearly 6.6% between 2024 and 2032.

Request Free Sample

Common-Mode Chokes Market: Overview

Common-mode chokes are key electronic & electrical components that are designed for suppressing electromagnetic interference along with improving signal integrity.

Moreover, common-mode choke is an electric filter that blocks high-frequency noise from two or more than two data lines while permitting direct current signal in passing through it. Apart from this, it also targets common mode sound coming from motors and radio signals.

Key Insights

• As per the analysis shared by our research analyst, the global common-mode chokes market is projected to expand annually at the annual growth rate of around 6.6% over the forecast timespan (2024-2032)
• In terms of revenue, the global common-mode chokes market size was evaluated at nearly $482 million in 2023 and is expected to reach $754 million by 2032.
• The global common-mode chokes market is anticipated to grow rapidly over the forecast timeline owing to escalating demand for noise reduction and thriving automotive electronics sector.
• In terms of type, the data line chokes segment is slated to register the highest CAGR over the forecast period.
• Based on end-use, the automotive segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Region-wise, the North American common-mode chokes industry is projected to register the fastest CAGR during the assessment timespan.

Common-Mode Chokes Market: Growth Factors

Huge product demand in automotive sector will prop up the global market expansion over forecast period

Escalating demand for noise reduction and thriving automotive electronics sector is likely to boost the global common-mode chokes market surge.

Furthermore, flourishing consumer electronics sector and technological breakthroughs is expected to prop up the global market trends.

In addition to this, smart manufacturing and industrial automation is likely to scale up the expansion of the market globally.  Strict laws related to electromagnetic compatibility along with awareness related to climatic changes can proliferate the size of the global market.

Apart from this, massive use of smartphones, laptops, tablets, think pads, and connected devices has paved a way for humungous expansion for the global market.

 Escalating penetration of miniaturization in electronic equipment has translated into requirement of small & efficient common-mode chokes, thereby expanding the scope of the growth of the global market.

Common-Mode Chokes Market: Restraints

Rising product costs as well as operating costs can retard the global industry surge by 2032

Surging manufacturing costs and integrity issues posed by the use of common-mode chokes in high-speed communication systems is expected to halt the expansion of global common-mode chokes industry.

Furthermore, strict laws related to electromagnetic interference suppression can pose a huge obstruction in the growth path of the industry across the globe.

Common-Mode Chokes Market: Opportunities

Onset of new technologies such as 5G & IoT will open new facets of growth for the global market

Focus on using sources of renewable energy such as wind power and solar power has created new growth avenues for the global common-mode chokes market.

Apart from this, integration of 5G infrastructure, wireless communication systems, and connected devices will enhance the global market demand.

Common-Mode Chokes Market: Challenges

Issues related to product performance can produce obstacles in the growth of the global industry over forecast period

Limitations of product performance and weight & size restraints for high-performing apps can challenge the global common-mode chokes industry expansion. Cost issues related to high-performance products and supply chain oscillations can hamper the global industry surge in the upcoming years.

Common-Mode Chokes Market: Segmentation

The global common-mode chokes market is divided into type, end-use, and region.                                            

In terms of type, the common-mode chokes market across the globe is segmented into power line chokes, signal line chokes, and data line chokes segments.

Apparently, the data line chokes segment, which gathered nearly 60% of the global market earnings in 2023, is expected to record highest CAGR over the next few years as a result of escalating need of high-speed data transmission in data centers, automotive electronics, and 5G networks. Reportedly, escalating need for high-speed data transmission in a spectrum of end-use sectors is expected to boost the segmental surge in the forthcoming years.  

Based on the end-use, the global common-mode chokes industry is divided into consumer electronics, telecommunications, automotive, medical, and industrial segments.

Apparently, the automotive segment, which led the global industry growth in 2023, is likely to accelerate the segmental expansion in the analysis timeline and this can be due to humungous use of the product in electric vehicles, infotainment systems, and advanced driver assistance systems.    

Common-Mode Chokes Market: Report Scope

Common-Mode Chokes Market: Regional Insights

Asia-Pacific is likely to maintain leading status in the global market over the analysis timeframe

Asia-Pacific, which accounted for about 51% of the global common-mode chokes market earnings in 2023, is prognosis to establish a number one position in the global market in the assessment timespan.

Apparently, the regional market surge in the coming eight years can be as a result of presence of strong manufacturing base and escalating use of smartphones and other electronic devices in the countries such as India, Japan, China, and South Korea. Supportive government laws and rise in the investments in development of advanced common-mode chokes is anticipated to spearhead the market growth in the region.

North American common-mode chokes industry is expected to register the highest CAGR in the analysis timeframe. The elevation of the industry in the region can be owing to massive focus on technological innovations in telecommunications, automotive, and aerospace sectors.

Additionally, large-scale usage of high-performing product in electrical & electronic systems for ensuring efficacy of these systems will further propel the regional industry expansion.

Common-Mode Chokes Market: Competitive Space

The global common-mode chokes market profiles key players such as:

• Yuan Dean Scientific Co. Ltd.
• Coilcraft Inc.
• Eaton Corporation Plc
• Murata Manufacturing Co. Ltd.
• YAGEO Group
• TDK Corporation
• WINGS Inductor
• Taiyo Yuden Co. Ltd.
• Nexperia USA Inc.
• Schaffner Holding AG
• KEMET Corporation
• Bourns Inc.
• Shaanxi Gold-Stone Electronics Co. Ltd.
• Fair-Rite Products Corporation
• Vishay Intertechnology Inc.     

The global common-mode chokes market is segmented as follows:

By Type

• Power Line Chokes
• Signal Line Chokes
• Data Line Chokes

By End-Use

• Consumer Electronics
• Telecommunications
• Automotive
• Medical
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa