What is the development prospect of magnetic material industry?

Magnetic materials mainly include permanent magnet materials, soft magnetic materials, signal magnetic materials, special magnetic materials, etc., covering a lot of high-tech fields. In the field of rare earth permanent magnet material technology, permanent magnet ferrite technology, amorphous soft magnetic material technology, soft magnetic ferrite technology, microwave ferrite device technology, magnetic material special equipment technology, the world has formed a huge industrial group. Among them, the annual market sales of permanent magnet materials alone have exceeded $10 billion. What products can magnetic materials be used for?

First, in the communications industry, billions of mobile phones worldwide require a large number of ferrite microwave devices, ferrite soft magnetic devices, and permanent magnet components. Tens of millions of program-controlled exchanges around the world also require a large number of high-tech magnetic cores and other components. In addition, the number of foreign cordless telephone installations has accounted for more than half of the total fixed telephone. This type of telephone requires a large number of soft magnetic ferrite components. What's more, videophone is also spreading rapidly. It also requires a large number of magnetic components.