Press release
Ferrite Beads Market Share : Growth factor with key drivers
Ferrite Beads: IntroductionFerrite bead is a passive component used to suppress high frequency noise in electronic circuits. Ferrite beads are also called ferried choke, core, ring, or block.
These beads are usually employed with data cables and medical equipment in order to develop high-frequency noise suppression devices.
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Rise in Demand from Automotive Industry to Drive Global Market Expansion
Ferrite beads have major applications in automotive and transportation industries.
The use of electronic toll systems, emergency communications systems, vehicle to everything (V2X) communication, etc. has increased with technological developments.
These electronic devices release high frequency noise, which is controlled by ferrite beads. Hence, ferrite beads are increasingly being used in the automotive industry
The above mentioned factors are anticipated to propel the growth of global ferrite beads market throughout the research study.
Cellular Assay Technology Segment to Lead Global Ferrite Beads Market
In terms of technology, the global Ferrite Beads market can be divided into cellular assay, biochemical assay, in silica, and ex-vivo
In the present scenario, cellular assay methods are widely used by industries in safety assessment, risk evaluation, and toxicity testing. The cellular assay method is mainly used to elucidate mechanisms of toxicity in a drug and its effect on a cell or a tissue.
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Innovations and Product Launch to Offer Growth Opportunities
As the global market is fragmented among several regional and international players, product differentiation became the crucial part for the players. The companies operating in global ferrite beads market are focused on research and development activities in order to achieve technical competence
For instance, In August 2017, L-com introduced a new line of USB cables, USB 2.0 and USB 3.0, integrated with ferrite beads. These cables are designed to suppress high frequency noise in an environment where high electromagnetic interface can harm USB connected devices.
In May 2018, Murata manufacturing announced the launch of a new high impedance ferrite bead into their BLM03EB_SH series. This new ferrite bead is of 0201 inch size (0.6 x 0.3 mm) GHZ band, designed for safety and automotive powertrain applications.
These initiatives taken by the key players are anticipated to create new opportunities for the growth of the global market in future.
North America to Lead Global Ferrite Beads Market
The global Ferrite Beads market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the global market.
The early adoption of technology is one of the major factor driving the growth of ferrite beads market in North America.
Whereas, Asia Pacific is projected to show fastest growth during the forecast period. The growth can be attributed to rising economies in Asian countries including China, India, and Japan.
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