The bonded magnet industry demand is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The market size is projected to be around USD 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through …
Tag Archives: Bonded Magnet
Bonded Magnet Market to Exceed USD 4,150.99 million by 2034, Driven by Demand for Miniaturized Components in Electronics and Automotive Sectors
The bonded magnet industry sales is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The market size is projected to be around USD 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through …
Rising Demand for Miniaturized Electronics and Automotive Applications Fuels Growth in Bonded Magnet Industry
The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The market size is projected to be around USD 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through …
Rising Demand for Miniaturized Components Drives Growth: Bonded Magnet Sales Expected to Soar at 4.80% CAGR Through 2034
The bonded magnet market size is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization …