Ferrite Market - Forecast(2021 - 2026)
Ferrite Market size is forecast to reach around $5 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Ferrite is a ceramic material that consist of magnetic properties and formed by mixing iron oxides with one or more metallic elements such as barium, manganese, nickel, and zinc. Growing demand for consumer electronics such as computers and smartphones is a major growth factor for ferrite market size during the forecast period. Flourishing aerospace and defense industries with strong demand of ferrite for antennas and radar systems is also boosting the growth of the market. Continuous advancement in artificial intelligence and voice recognition technology also aid the growth of the ferrite market share. Report Coverage The report: “Ferrite Market – Forecast (2020-2025)” , by Industry ARC, covers an in-depth analysis of the following segments of the Ferrite Market. By Type: Hard Ferrite and Soft Ferrite. By Structure: Spine...