The Magnetic Force Powering Future Tech
Market: Samarium Cobalt Permanent Magnet-https://www.businessmarketinsi....ghts.com/reports/sam


From EVs and drones to satellites and military systems, Samarium Cobalt (SmCo) magnets are the unsung heroes. They operate in extreme environments without losing magnetic strength — perfect for next-gen aerospace, defense, and energy tech.

As rare earth sourcing becomes a geopolitical challenge, companies and governments are investing in secure, sustainable supply chains for these critical materials.

📌 Witfora Take: Advanced material innovation is where hardware meets strategy. Keep your eye on magnetics, minerals, and mission-critical components.

 

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Samarium Cobalt Permanent Magnet Market Outlook (2021-2031) by Product Type, Application

Samarium Cobalt Permanent Magnet Market was valued at US$ 980.73 Million in 2024 and is projected to reach US$ 1,781.18 Million in 2031 with a CAGR of 9.4% from 2025 to 2031 segmented into Product Type, Application.