Magnetic Gear (MG) Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 9.1% from 2026 to 2033.
The South Korea Magnetic Gear (MG) Market is rapidly evolving, with increasing demand driven by diverse industrial applications. Magnetic gears, which use magnetic fields instead of physical contact to transfer power, offer significant advantages such as improved energy efficiency, reduced maintenance, and enhanced durability. These gears are becoming essential in industries like automotive, aerospace, robotics, and renewable energy, where high-performance and reliability are paramount.
The automotive sector in South Korea, known for its advanced manufacturing capabilities, is one of the key drivers of the magnetic gear market. With a rising demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs), the need for efficient, quiet, and durable components has surged. Magnetic gears, with their ability to reduce wear and tear, are increasingly being integrated into electric powertrains and energy management systems. Their ability to operate without the friction found in traditional gears makes them ideal for EVs, where long-lasting components are essential.
Another significant market segment for Magnetic Gear (MG) technology in South Korea is the aerospace industry. In this field, components must withstand extreme conditions, including high vibrations, temperatures, and heavy loads. Magnetic gears are seen as a solution for reducing the risk of mechanical failure in such demanding environments. Their ability to operate efficiently under stress and maintain performance over extended periods has made them a preferred choice in aircraft systems, where reliability is critical.
Robotics also plays a crucial role in the growing demand for magnetic gears. As robotics technology advances, there is an increasing need for motors and actuators that provide smooth, silent operation with minimal maintenance. Magnetic gears offer the perfect solution by eliminating the mechanical wear and tear associated with traditional gearing systems, making them ideal for precision robotics applications, particularly in medical and manufacturing sectors.
Moreover, the renewable energy sector is contributing to the demand for magnetic gears. Wind turbines and other renewable energy systems require high-performance components to operate efficiently over long periods. Magnetic gears offer a more durable and efficient alternative to traditional mechanical gears, reducing the risk of failures and enhancing the longevity of these systems.
As industries continue to innovate, the South Korea Magnetic Gear (MG) Market is expected to see sustained growth, driven by the need for more efficient, reliable, and durable mechanical systems. Companies within these sectors are increasingly turning to magnetic gear solutions to meet their high-performance requirements and reduce operational costs, positioning magnetic gears as a critical technology for the future.
Get an In-Depth Research Analysis of the South Korea Magnetic Gear (MG) Market Size And Forecast [2025-2032]
AMT
K&J Magnetics
EMWorks
GEORGII KOBOLD
MAG SOAR
Magnomatics
MagnoGrip
Nanotech
Huisifang Precision
CiYunDa
Chuanci Precision
Scifine
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Magnetic Gear (MG) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Magnetic Gear (MG) Market
Planetary Magnetic Gear
Helical Magnetic Gear
Radial Magnetic Gear
Aerospace & Defense
Automotive
Renewable Energy
Industrial Machinery
Marine
Electric Vehicles
Robotics
Wind Turbines
Medical Devices
Gearboxes
Magnetic Rotor
Magnetic Stator
Magnetic Couplings
Bearings
Permanent Magnets
Soft Magnetic Materials
Composite Materials
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Magnetic Gear (MG) Market Research Analysis
1. Introduction of the South Korea Magnetic Gear (MG) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Magnetic Gear (MG) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Magnetic Gear (MG) Market, By Type
6. South Korea Magnetic Gear (MG) Market, By Application
7. South Korea Magnetic Gear (MG) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Magnetic Gear (MG) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/