Magnetostrictive Material Market set to hit $50.5 billion by 2035, as per recent research by DataString Consulting


Posted March 4, 2025 by Datastring

Higher trends within Magnetostrictive Material applications including automotive and aerospace; and other key wide areas like sensors and actuators are expected to push the market to $50.5 billion by 2035 from $21.9 billion of 2023.

 
In industries such as automotive and robotics, processes use magnetostrictive sensors to accurately measure positional changes in challenging environments with high precision levels; notable companies like Etrema Products and Soniona are,at the forefront of these advancements. Magnetostrictive actuators convert energy into precise mechanical motions which are essential for medical equipment and industrial robots in industries where companies, like Sensitecd and Allied Motion thrive in this field.

Detailed Analysis - 𝐡𝐭𝐭𝐩𝐬://𝐝𝐚𝐭𝐚𝐬𝐭𝐫𝐢𝐧𝐠𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠.𝐜𝐨𝐦/𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬/𝐦𝐚𝐠𝐧𝐞𝐭𝐨𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐯𝐞-𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥-𝐦𝐚𝐫𝐤𝐞𝐭-𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡-𝐫𝐞𝐩𝐨𝐫𝐭

Advancements of digital technologies are leading the industries towards integrated sensors & actuators with advanced data capabilities, in order to meet the demands of Industry 4.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬

The Magnetostrictive Material market within top 3 demand hubs including U.S., Germany and China, is characterized by intense competition, with a number of leading players such as Etrema Products, Sensitec, Sonion, Dexter Magnetics, Aichi Steel, Hitachi Metals, CTS Corporation, Advanced Cerametrics, TRS Technologies, TDK Corporation, NVE Corporation and Inframat Advanced Materials. Below table summarize the strategies employed by these players within the eco-system.
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Last Updated March 4, 2025