Arc Ferrite Magnet Market Segmentation:
Type Segment Analysis
The anisotropic segment is estimated to gain the largest market share of 60% in the year 2035. Anisotropic arc ferrite magnets play a crucial role in electric vehicle (EV) motors, benefiting from the ongoing trend towards automotive electrification. Their ability to provide precise magnetization direction enhances motor efficiency and performance, aligning with the demand for cleaner and more energy-efficient transportation solutions.
End User Segment Analysis
The automotive segment is expected to garner a significant share in the year 2035. The surge in electric vehicle adoption is a primary driver for the automotive segment. Arc ferrite magnets are vital components in EV motors, known for their ability to provide cost-effective, reliable, and efficient magnetic solutions. Hybrid vehicles, which combine internal combustion engines with electric motors, rely on arc ferrite magnets for their electric powertrains. As automakers expand their hybrid vehicle offerings, the demand for these magnets increases. Hybrid vehicle sales are expected to grow by around 5% from 2021 to the year 2026.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
End User |
|
