Market Overview:
The global isomagnetic market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for headsets and speakers from various end-use applications, such as consumer electronics, automotive, and healthcare. In addition, the growing awareness about the benefits of using isomagnetic products among consumers is also contributing to the growth of this market.
Product Definition:
A material is said to be isomagnetic if its physical and magnetic properties are the same in all directions. This means that a compass needle would not point in any particular direction on a piece of isomagnetic metal. The importance of isomagnetic materials comes from their ability to withstand high levels of magnetic fields without being affected.
Universal Unit:
The global isomagnetic market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for magnetic memory devices, growing use of magnetic resonance imaging (MRI) technology, and rising number of research activities are anticipated to drive the market growth during the forecast period.
Custom Unit:
Custom unit is a measurement of magnetic flux density, which can be used in the study of Isomagnetic materials. It is also used to measure the strength of magnetic fields for various applications such as Magnetic Resonance Imaging (MRI) and spectroscopy. The most commonly used custom units are Gaussmeters or Tesla (T).
The usage and importance of custom unit has increased with growing demand for MRI scans across the world.
Application Insights:
The headset application segment dominated the global isomagnetic market in 2017. This can be attributed to increasing demand for headsets from various end-use industries such as telecommunication, automotive and healthcare. The speaker application segment is expected to witness significant growth over the forecast period owing to rising demand for speakers with enhanced features and specifications. For instance, Harman International Industries Inc., a manufacturer of audio products, has introduced a new line of JBL speakers that are designed especially for mobile applications. These portable speakers feature noise cancellation technology which helps eliminate background noise while delivering crystal clear sound experience to its users across different platforms such as smartphones and laptops.
Isometric magnets have wide applications in several industries including construction & building materials (for use in magnetic therapy), electronics (for use in hard disk drives) and medical equipment manufacturing (in MRI scanners).
Regional Analysis:
North America dominated the global isomagnetic market in terms of revenue share in 2017. The region will retain its dominant position over the forecast period as well owing to high disposable income, growing adoption of advanced technologies and increasing demand for headphones & speakers. Europe is expected to be a significant regional market due to rising product demand from countries such as Germany, France and Italy. Asia Pacific region is projected to witness lucrative growth over the forecast period owing to rapid developments taking place in various sectors such as healthcare, electronics & IT, automotive among others which are driving product adoption across this region.
The Middle East & Africa (MEA) segment has also contributed significantly towards technological advancements aiding an increase in magnetic field strength for medical applications thus boosting industry growth within this segment Isometric magnets have been used widely across North America.
Growth Factors:
- Increasing demand for MRI and CT scans owing to rising prevalence of chronic diseases
- Growing number of hospitals and diagnostic centers worldwide
- Rising awareness about the benefits of Isomagnetic technology over traditional imaging techniques
- Technological advancements in Isomagnetic imaging systems
- Growing demand for minimally invasive procedures
Scope Of The Report
Report Attributes
Report Details
Report Title
Isomagnetic Market Research Report
By Type
Universal Unit, Custom Unit
By Application
Headset, Speaker
By Companies
Beats, Plantronics, Sennheiser, Sony, GN Netcom, Harman, Bose, JVC, Philips, Logitech, Skullcandy, Audio-Technica
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Isomagnetic Market Report Segments:
The global Isomagnetic market is segmented on the basis of:
Types
Universal Unit, Custom Unit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Headset, Speaker
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Beats
- Plantronics
- Sennheiser
- Sony
- GN Netcom
- Harman
- Bose
- JVC
- Philips
- Logitech
- Skullcandy
- Audio-Technica
Highlights of The Isomagnetic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Universal Unit
- Custom Unit
- By Application:
- Headset
- Speaker
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Isomagnetic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Isomagnetic is a term used to describe materials that have the same magnetic properties in all directions.
Some of the key players operating in the isomagnetic market are Beats, Plantronics, Sennheiser, Sony, GN Netcom, Harman, Bose, JVC, Philips, Logitech, Skullcandy, Audio-Technica.
The isomagnetic market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Isomagnetic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Isomagnetic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Isomagnetic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Isomagnetic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Isomagnetic Market Size & Forecast, 2018-2028
4.5.1 Isomagnetic Market Size and Y-o-Y Growth
4.5.2 Isomagnetic Market Absolute $ Opportunity
Chapter 5 Global Isomagnetic Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Isomagnetic Market Size Forecast by Type
5.2.1 Universal Unit
5.2.2 Custom Unit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Isomagnetic Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Isomagnetic Market Size Forecast by Applications
6.2.1 Headset
6.2.2 Speaker
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Isomagnetic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Isomagnetic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Isomagnetic Analysis and Forecast
9.1 Introduction
9.2 North America Isomagnetic Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Isomagnetic Market Size Forecast by Type
9.6.1 Universal Unit
9.6.2 Custom Unit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Isomagnetic Market Size Forecast by Applications
9.10.1 Headset
9.10.2 Speaker
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Isomagnetic Analysis and Forecast
10.1 Introduction
10.2 Europe Isomagnetic Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Isomagnetic Market Size Forecast by Type
10.6.1 Universal Unit
10.6.2 Custom Unit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Isomagnetic Market Size Forecast by Applications
10.10.1 Headset
10.10.2 Speaker
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Isomagnetic Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Isomagnetic Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Isomagnetic Market Size Forecast by Type
11.6.1 Universal Unit
11.6.2 Custom Unit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Isomagnetic Market Size Forecast by Applications
11.10.1 Headset
11.10.2 Speaker
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Isomagnetic Analysis and Forecast
12.1 Introduction
12.2 Latin America Isomagnetic Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Isomagnetic Market Size Forecast by Type
12.6.1 Universal Unit
12.6.2 Custom Unit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Isomagnetic Market Size Forecast by Applications
12.10.1 Headset
12.10.2 Speaker
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Isomagnetic Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Isomagnetic Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Isomagnetic Market Size Forecast by Type
13.6.1 Universal Unit
13.6.2 Custom Unit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Isomagnetic Market Size Forecast by Applications
13.10.1 Headset
13.10.2 Speaker
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Isomagnetic Market: Competitive Dashboard
14.2 Global Isomagnetic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beats
14.3.2 Plantronics
14.3.3 Sennheiser
14.3.4 Sony
14.3.5 GN Netcom
14.3.6 Harman
14.3.7 Bose
14.3.8 JVC
14.3.9 Philips
14.3.10 Logitech
14.3.11 Skullcandy
14.3.12 Audio-Technica
