The global demand for Magnetic Buzzer Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A buzzer or beeper is an audio signaling device used in alarm clocks, timers, cars, or in household devices. Buzzers are used to confirm user input like keystroke or mouse click. Magnetic buzzers include a magnet, an electromagnetic coil, a vibrating disk, an oscillator, and a casing. Electromagnetic coil develops a magnetic field when the current generated by the oscillator passes through the coil. Due to the magnetic field created by coil, the interaction between the coil and the magnet takes place, and vibrating disk periodically vibrates the sound. Magnetic buzzers require low voltages and high current (1.5~12 V, > 20 mA).
As the magnetic buzzers are small in size, they are widely used in small electronic devices such as Bluetooth devices, smartphones, wearable smart devices, small medical devices, and artificial intelligence devices. The wide range of applicability of magnetic buzzers is the key element that is driving the global magnetic buzzers market. Increasing usage of smartphones, wearable smart devices, and IoT in electronic devices is propelling the market. Furthermore, the rising usage of magnetic buzzers in automobile applications is encouraging the market. COVID-19 pandemic may cause some restraints to the market due to downfall in the automobile industry, disrupted supply chain, and reduced production.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of magnetic buzzer.
The entire magnetic buzzer market has been sub-categorized into applications and types. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Active Magnetic Buzzer
- Passive Magnetic Buzzer
This section covers regional segmentation which accentuates on current and future demand for magnetic buzzer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Magnetic Buzzer Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnetic buzzer market include Murata, TDK, Kingstate Electronics, DB Products Limited, Changzhou Chinasound, CUI Inc., Huayu Electronics, Hunston Electronics, Dongguan Park's Industrial, Ariose. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.