Inductors, Beads and Cores: World Markets, Technologies & Opportunities: ISBN # (2016)

Inductors, Beads and Cores: World Markets, Technologies & Opportunities: 2016-2021 ISBN #1-893211-99-1 (2016) 2016 Paumanok Publications, Inc. Industrial Market Research 2

Inductors, Beads and Cores: World Markets, Technologies & Opportunities: 2016-2021 A Study of The Market for Discrete Inductors, Ferrite Beads and Bead Arrays and Ferrite Cores Published December 2016 Price: $2750.00 USD Pages: 250 Tables & Graphs: 56 ISBN #:1-893211-99-1 -2016 (2016 Fiscal Year Ending March 31, FINAL Report with Fiscal Year Ending March 2017 Forecasts and 2021 Forecasts) Paumanok Publications, Inc. 2016 1

Copyright 2016 Paumanok Publications, Inc. Published by: Paumanok Publications, Inc. Publication Date: December 2016 Paumanok Publications, Inc. 502 Ballad Creek Court Cary NC, 27519 USA www.paumanokgroup.com Customer Service: (919) 468-0384 Email: Info@paumanokgroup.com It is our mission to empower manufacturers, distributors, OEM, EMS, financial institutions and governments with unbiased market research to protect their assets, build their wealth and prosper in goods times and bad. 2

TABLE OF CONTENTS: DISCRETE INDUCTORS, BEADS AND CORES: WORLD MARKETS, TECHNOLOGIES AND OPPORTUNITIES: FY 2015-2020... 20 1.0 BACKGROUND OF REPORT AND RESEARCH METHODOLOGY: 2015... 20 1.1 About the Author:... 20 1.2 Research Methodology Employed:... 20 1.3 The Paumanok Research Methodology:... 21 1.3.1 Government Data Collection and Resources:... 21 1.3.2 Secondary Published Sources:... 22 1.3.3 Primary Intelligence Gathering:... 22 1.4 The Passive Component Supply Chain:... 23 1.4.1 Mining of Raw Materials:... 23 1.4.2 Raw Materials Processing:... 24 1.4.3 Component Manufacturing:... 24 1.4.4 Component Distribution:... 24 1.4.5 End- Market Consumption:... 24 1.4.6 Recycling of Critical Materials:... 25 1.5 Technical Economic Maxims Related To Passive Electronic Components:... 26 1.5.1 The Two Technical Economic Maxims Associated with Passive Components:... 26 1.5.2 Ubiquitous Nature of Passive Components:... 27 1.5.3 Relationship Between Inductance and Available Surface Area:... 27 1.6 Financial Considerations With Respect To This Report:... 27 1.6.1 The Fiscal Year Ending March 31, 2016 and Forecast for Year Ending March 2017... 27 1.6.2 Currency Translation... 27 1.6.3 Please Read This First: Impact of Yen Depreciation on Revenues: FY 2016- FY 2017... 27 1.6.4 Volume, Value and Pricing Data:... 28 2.0 TECHNOLOGY OVERVIEW: 2016... 29 2.1 INTRODUCTION TO DISCRETE INDUCTORS, BEADS AND CORES:... 29 2.1.1 Variations in Coil Technology:... 29 2.1.1 (A) Coil Diameter:... 29 2.1.1 (B) Wire Turns:... 29 2.1.1 (C ) Core Materials:... 30 2.1.2 Inductor Applications in Digital Electronics:... 30 2.1.2 (A) Signal Control:... 30 2.1.2 (B) Noise Control and Elimination (LC Filter):... 30 3

2.1.2 (C ) Energy Storage and Voltage Stabilization:... 30 2.1.3 The Different Types of Discrete inductors:... 31 2.1.3 (A) Wirewound Coils:... 31 2.1.3 (B) Multilayered and Thin Film Deposited Coils:... 31 2.1.4 Key Inductor Materials... 31 2.1.4 (A) Metal Powder (Ferrites)... 32 2.1.4 (B) Metal Wire (Base Metals)... 32 2.1.4 (C ) Ceramic Dielectric Materials:... 32 2.1.4 (D) Emerging Materials Markets for Discrete inductors... 32 2.1.5 The Movement in Inductor Materials Technology... 32 2.1.5 (A) Multilayered Ferrite Coil (Beads)... 32 2.1.5 (B) Multilayered Ceramic Chip Inductor... 32 2.1.5 (C ) Thin Film Chip Discrete inductors... 33 2.1.5 (D) TDK Corporate Strategy FY 2017 (Next Generation Components)... 33 2.1.5 (D1) TDK Focus On Next Generation Components... 34 2.1.5 (D2) TDK Investments In Thin Film Inductor Technology... 34 2.1.5 (D3) TDK + EPCOS is Powerful Market Share Leader Worldwide... 34 2.1.6 FY 2017 Changing Markets in Discrete inductors By Product Line... 36 2.1.6 (A) Inductor Technology Summary: Important for the Reader To Understand-... 37 2.1.6 (A1) MULTILAYERED FERRITE SHEETS... 37 2.1.6 (A2) CERAMIC COIL 3- D TECHNOLOGY... 37 2.1.6 (A3) THIN FILM CERAMIC CHIPS... 38 3.0 SCOPE OF MARKET COVERAGE: FY 2016... 39 3.1 INTRODUCTION TO INDUCTOR, BEAD AND CORE MARKETS: FY 2016... 39 3.1.1 Discrete inductors As a Subset of The Passive Electronic Components Market: FY 2016 and FY 2017 Outlook... 39 3.1.1 (A) The Core Passive Components: Discrete inductors, Resistors and Discrete inductors... 39 3.1.2 Discrete inductors As a Subset of The Global Magnetic Components Market: FY 2016... 40 3.1.2 (A) The Fragmented Magnetics Markets:... 40 3.1.3 Description of the Global Magnetics Industry and Scope of Report Coverage:... 42 3.1.3 (A) Inductor (Coils) Markets: 2016:... 42 3.1.3 (B) EMC Component Markets (Ferrite Beads and Bead Arrays): 2016:... 42 3.1.3 (C ) Ferrite Core Markets: 2016:... 43 3.1.3 (D) EMI Filter & Choke Markets: 2016:... 43 3.1.3 (E) Transformer Markets: 2016:... 43 3.1.3 (F) Suppression Sheets and Other Markets: 2016:... 43 3.2 COMPETITIVE ENVIRONMENT BY INDUCTOR, EMC AND CORE PRODUCT TYPE: FY 2016... 45 3.2.1 Horizontal Wirewound Chip Inductor:... 45 4

3.2.2 Wirewound Chip Coil Discrete inductors:... 45 3.2.3 Ferrite Beads and Bead Arrays:... 45 3.2.4 Multilayered Chip Discrete inductors:... 45 3.2.5 Axial and Radial Leaded Discrete inductors:... 45 3.2.6 Ferrite Cores (E Cores, Pot Cores and Other Cores):... 46 3.2.7 Thin Film Inductor Chips:... 46 3.3 Discrete inductors: Types, Construction, Product Markets and Case Sizes: FY 2015... 48 4.0 DISCRETE INDUCTORS, BEADS AND CORES: WORLD MARKETS: FY 2016 AND FY 2017 FORECAST... 49 4.1 Worldwide Discrete Inductor Market Growth: Changes in Value, Volume and Unit Pricing: FY 2016 and FY 2017 Forecast... 49 4.1.1 Global Value of Consumption For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Forecast... 49 4.1.1 (A) Historical Development of The Value of Global Consumption for Discrete inductors, Beads and Cores: 2007-2016; and FY 2017 Forecasts... 50 4.1.2 Global Volume of Consumption For Discrete inductors, Beads and Cores: FY 2016 and FY 2017... 51 4.1.4 Discrete inductors, Beads and Cores: World Markets by Type: FY 2016 and FY 2017 Outlook... 54 4.1.4 (A) Surface Mount Discrete inductors: World Markets: FY 2016 and FY 2017 Outlook... 54 4.1.4. (A1) Surface Mount Discrete inductors: (Thin Film Chips; Ferrite Beads, Bead Arrays, Chip Coils, and Molded Case Wirewound Chip inductors)... 54 4.1.4 (B) Throughole Axial and Radial Leaded Discrete inductors: World Markets: FY 2016 and FY 2017 Outlook... 55 4.1.4 ( C ) Ferrite Core Discrete inductors: World Markets: FY 2016 and FY 2017 Outlook... 56 4.1.4 (A- 1) Surface Mount Inductor Market Breakdown: FY 2016 and FY 2017 Outlook... 57 4.1.4 (B) Chip Coils: Multilayered Chip Discrete inductors: World Markets: 2016 and FY 2017 Outlook... 60 4.1.4 (C ) Molded Case Wirewound Chip Discrete inductors: World Markets: FY 2016... 61 4.1.4 (D) SMD Wirewound Coils: World Markets: FY 2016 and FY 2017 Outlook... 63 4.1.4 (E) Axial Leaded Discrete inductors: Global Markets: FY 2016 and FY 2017 Outlook... 64 4.1.4 (F) Radial Leaded Discrete inductors: World Markets: FY 2016 and FY 2017 Outlook... 65 4.1.4 (F) Ferrite Cores: World Markets: FY 2016 and FY 2017 Outlook... 65 4.1.4 (F1) Wirewound Technology Ferrite Rods (Powder):... 65 4.1.4 (F2) Pressed Shape Technology Powdered Ferrite... 66 4.1.4 (G) Inductor, Bead and Core Demand By Type and Configuration: FY 2016 Summary... 67 4.2 INDUCTOR, BEAD AND CORE MARKETS BY END- USE PRODUCT MARKET: FY 2016... 70 4.2.1 Value of Consumption for Discrete inductors, Beads and Cores by Key End- Product Market: FY 2016... 70 4.2.1 (A) Wireless Handset Markets For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Outlook:... 70 4.2.1 (B) Computer Markets For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Outlook... 71 4.2.1 (C ) Automotive Market For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Outlook... 71 4.2.1 (D) TV Set Markets For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Outlook... 71 4.2.1 (E) Other Consumer and Professional Electronics For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Outlook:... 71 4.2.1 (F) Defense and Specialty Market Segment For Discrete inductors, Beads and Cores: FY 2016 and FY 2017 Outlook... 72 4.2.2 Average Inductor Content by Key Product: FY 2016... 76 4.2.2 (A) Inductor and Bead Content In A Wireless Handset By Type and Circuit Application: FY 2016:... 77 4.2.2 (B) Inductor, Bead and Core Content In A Notebook Computer By Type and Circuit Application: FY 2016:... 78 4.2.2 (C ) Inductor and Bead Content In A LCD/PDP TV By Type and Circuit Application: FY 2016... 80 5

Inductor, Bead and Core Content In an Automobile By Type and Circuit Application (Car Body and Drive Control, Under The Hood Electronics, Safety & Convenience, Car Navigation and Hybrid Electric Drive): FY 2016... 81 4.2.2 (D) Inductor, Bead and Core Content In Large Home Appliances and Lighting Ballasts By Type and Circuit Application: FY 2016... 83 4.2.2 (E) Military Specifications for Discrete inductors: FY 2016... 83 4.2.2 (E1) MIL- PRF- 27F/ MIL- PRF- 27G... 84 4.2.2 (E2) MIL- PRF- 15305E... 84 4.2.2 (E3) MIL- PRF- 83446C... 84 4.2.2 (E4) MIL- PRF- 39010E... 84 4.2.2 (E5) MIL- STD- 981C... 85 4.2.3 Inductor, Bead and Core Sales Volumes and Pricing By End- Use Product Market: FY 2016... 85 4.2.3 (A) Inductor and Bead Consumption Volume and Pricing in Wireless Handsets: FY 2016... 85 Inductor, Bead and Core Consumption Volume and Pricing in Computers: FY 2016... 85 4.2.3 (B) Inductor, Bead and Core Consumption Volume and Pricing in Television Sets: FY 2016... 85 4.2.3 (C ) Inductor, Bead and Core Consumption Volume and Pricing in Automobiles: FY 2016... 85 4.2.3 (D) Inductor, Bead and Core Consumption Volume and Pricing in Other Telecom Infrastructure, Power and Industrial Applications: FY 2016... 86 4.2.3 (E) Inductor, Bead and Core Consumption Volume and Pricing in Defense and Specialty End- Markets: FY 2016... 86 4.2.4 Inductor, Bead and Core Sales By World Region: FY 2016... 88 4.2.4 (A) China and SE Asia: FY 2016... 88 4.2.4 (A1) Greater China: Includes The People s Republic of China, Taiwan ROC, Hong Kong and Macau.... 89 4.2.4 (A2) Japan:... 89 4.2.4 (A3) Korea: Includes the Republic of Korea (South Korea).... 90 4.2.4 (A4) VietNam:... 90 4.2.4 (A5) Singapore:... 90 4.2.4 (A6) Malaysia:... 90 4.2.4 (A7) Philippines:... 90 4.2.4 (A8) Thailand:... 90 4.2.4 (A9) India:... 92 4.2.4 (B ) Europe: FY 2016:... 92 4.2.4 (B1) Germany:... 92 4.2.4 (B2) Czech Republic:... 92 4.2.4 (B3) Hungary:... 92 4.2.4 (B4) Holland:... 92 4.2.4 (B5) France:... 93 4.2.4 (B6) United Kingdom:... 93 4.2.4 (B7) Italy:... 93 4.2.4 (B8) Poland:... 93 4.2.4 (B9) Spain:... 93 4.2.4 (B10) Other Important European Countries Consuming Discrete inductors... 93 4.2.4 (D) Americas: FY 2016:... 94 4.2.4 (D1) The United States:... 95 6

4.2.4 (D2) Mexico:... 95 4.2.4 (D3) Brazil:... 95 4.2.4 (D4) Canada:... 95 4.2.4 (D5) Argentina:... 95 5.0 COMPETITIVE ENVIRONMENT: FY 2016 AND FY 2017... 99 5.1 KEY FINANCIAL INDICATORS: FY 2016 AND FY 2017... 99 5.1.1 Sumida Annualized Revenues: 2012-2016 CY... 99 5.1.2 Annual Revenues For Taiyo Yuden s Ferrite and AP Group: 2014-2016 and 2017 Forecasts... 100 5.1.3 Annual Revenues for TDK s Inductor Group: FY 2010-2015... 101 5.1.4 TOKO Corporation: Annual Revenues: CY 2011-2015... 102 5.1.5 Vishay Annual Resistor & Discrete inductors Group Revenues: 2012-2016; 2017 Forecast Forecasts... 103 5.1.6 Chilisin Electronics Corp. Annual Revenues: 2013-2016; 2017 Forecasts... 105 5.1.7 Mag- Layers: Revenues: 2012-2016; 2017 Forecasts... 105 5.1.8 Shenzhen Sunlord: Revenue Growth: CY 2012-2015; 2016 CY Forecast... 106 5.1.9 ABC Taiwan: Financial Review and Four Year Revenue Trend:... 107 5.1.10 Inductor, Bead and Core Vendors: Collective Revenue Trend and Analysis:... 108 5.1.11 TOKO Merges With Murata... 109 5.2 Inductor, Bead and Core Market Shares: FY 2016... 109 5.2.1 Inductor, Bead and Core Vendors: Global Sales & Market Shares: FY 2016... 109 5.2.1 (A) TDK (EPCOS) Market Share Data: FY 2016 and FY 2017 Forecast... 111 5.2.1 (B) Murata Manufacturing Company Limited (TOKO Merger)... 112 5.2.1 (C ) Taiyo Yuden Market Share Data: FY 2016 and FY 2017 Outlook... 112 5.2.1 (D ) Sumida Market Share Data: FY 2016 and FY 2017 Outlook... 112 5.2.1 (E) Shenzhen Sunlord Market Share Data: FY 2016 and FY 2017 Outlook... 112 5.2.1 (G) Mag-Layers Market Share Data: FY 2016 and FY 2017 Outlook... 112 5.2.1 (H) Chilisin Market Share Data: FY 2016 and FY 2017 Forecasts... 113 5.2.1 (I) Coilcraft Market Share Data: FY 2016 and FY 2017 Forecasts... 113 5.2.1 (I) Other Market Share Data: FY 2016 and FY 2017 Forecasts... 113 5.3.Competitive Environment in Discrete inductors, Beads and Ferrite Cores By End- Use Market Segment: FY 2016... 113 5.3.1 Inductor Vendors to the Wireless Handset End- Use Market Segment: FY 2016... 115 5.3.2 Inductor Vendors to the the Telecommunications Infrastructure End- Use Market Segment: FY 2016... 115 5.3.3 Inductor Vendors to the Computer End- Use Market Segment: FY 2016... 115 5.3.4 Inductor Vendors to the The Consumer Audio and Video Imaging Market Segment: FY 2016... 115 5.3.5 Inductor Vendors to the The Automotive End- Use Market Segment: FY 2016... 116 5.3.6 Inductor Vendors to the Industrial, Power and Lighting End- Use Market Segment: FY 2016... 116 5.3.7 Inductor Vendors to the Aerospace, Defense and Specialty End- Use Market Segments: FY 2016... 116 6.0 FORECASTS: 2016-2021... 117 6.1 FORECASTS: Global Inductor, Bead and Core Market Forecasts: FY 2016-2021... 117 7

6.1.1 Surface Mount Discrete inductors: World Market Outlook: FY 2016-2021... 118 6.1.2 Throughole Discrete inductors: World Market Outlook: FY 2016-2021... 118 6.1.3 Ferrite Cores: World Market Outlook: 2016-2021... 118 6.1.4 Global Volume Of Shipments By Inductor Type: 2003-2016; 2017-2021F... 119 6.1.5 Surface Mount Discrete inductors: Unit Shipments: FY 2016- FY 2021... 119 6.1.6 Axial, Radial and Bobbin Discrete inductors: FY 2016- FY 2021... 120 6.1.7 Ferrite Core Markets: 2003-2016; 2017-2021F... 120 6.1.8 Global Average Unit Pricing For Discrete inductors By Type: 2003-2016; 2017-2021F... 121 6.1.9 Market Forecasts For Discrete inductors, Beads and Cores By End- Use Market Segment: FY 2016-2021... 121 6.1.10 Market Forecasts for Key End Use Products Consuming Components: FY 2016-2021... 121 6.2 KEY GROWTH MARKETS: 2016-2021 AND BEYOND... 124 6.2.1 The Forecast Methodology Employed:... 124 6.2.2 Smartphones:... 126 6.2.3 The Internet of Things:... 126 6.2.4 Wearable Technology:... 126 6.2.5 Personal Medical Devices:... 127 6.2.6 Renewable Energy:... 127 6.2.7 Oil & Gas Electronics:... 127 6.2.8 Home Automation:... 128 6.2.9 Advanced Television:... 128 6.2.10 Automotive Electronics:... 129 6.2.11 Additional Developments:... 129 6.3 Forecasts: Global Value of Consumption Forecasts For Discrete inductors, Beads and Cores By End- Use Product Market: 2016-2021... 129 6.3.1 Forecasts: Global Volume of Consumption Forecasts For Discrete inductors, Beads and Cores By End- Use Product Market: 2016-2021... 130 6.3.2 Forecasts: Global Average Unit Pricing Forecasts For Discrete inductors, Beads and Cores By End- Use Product Market: 2016-2021... 130 6.3.2 (A) Wireless Handsets: Value, Volume and Pricing Forecasts For Inductor and Bead Consumption in Smartphones and Legacy Phones: FY 2016 to 2021... 130 6.3.2 (B) Computers: Value, Volume and Pricing Forecasts For Inductor, Bead and Core Consumption in Tablets, NoteBooks, Desktops and Servers: FY 2016 to 2021... 131 6.3.2 (C ) Automobiles: Value, Volume and Pricing Forecasts For Inductor, Bead and Core Consumption in Class 3 to 7 Sedans and Trucks: FY 2016 to 2021... 131 66.3.2 (D) Value, Volume & Pricing Forecasts For Inductor, Bead & Core Consumption in Telecom Infrastructure, Power Supplies, & Industrial Electronics: FY 2016 to 2021. 131 6.3.2 (E) Specialty End- Markets: Value, Volume and Pricing Forecasts For Inductor, Bead and Core Consumption in Defense, Areospace, Medical, and Downhole Pump Markets: FY 2016 to 2021... 132 6.4 Forecasts: Global Value, Volume and Pricing For Discrete inductors, Beads and Cores By Type and Configuration: FY 2016-2021... 132 6.4.1 (A) Ferrite Beads: Global Value, Volume and Pricing Forecasts to 2021... 132 6.4.1 (B) Ferrite Bead Arrays: Global Value, Volume and Pricing Forecasts to 2021... 132 6.4.1 (C ) Multilayered Chip Coils: Global Value, Volume and Pricing Forecasts to 2021... 132 6.4.1 (D) Molded Case Wirewound Chip Discrete inductors: Global Value, Volume and Pricing Forecasts to 2021... 133 6.4.1 (E) SMD Wirewound Coils: Global Value, Volume and Pricing Forecasts to 2021... 133 6.4.1 (F) Axial Leaded Wirewound Discrete inductors: Global Value, Volume and Pricing Forecasts to 2021... 133 6.4.1 (G) Radial Leaded Wirewound Discrete inductors: Global Value, Volume and Pricing Forecasts to 2021... 133 6.4.1 (H) Ferrite Cores: Global Value, Volume and Pricing Forecasts to 2021... 133 6.5 Forecasted Changes In Inductor, Bead and Core Consumption By World Region: FY 2016- FY 2021... 135 8

6.5.1 (A) China and SE Asia Forecasts: FY 2016-2021... 135 6.5.1 (B) Japan: Forecasts: FY 2016-2021... 135 6.5.1 (C ) Europe: Forecasts: FY 2016-2021... 135 6.5.1 (D) Americas: Forecasts: FY 2016-2021... 135 6.6 KEY GROWTH MARKETS IN DISCRETE INDUCTORS: FY 2016-2021... 136 6.6.1 Thin Film Ceramic Discrete inductors... 136 6.6.2 Next Generation 008004 Case Size Market Outlook: FY 2016... 137 6.6.2 (A) Movement In Inductive Technology Platforms in FY 2016... 137 6.6.2 (B) Leading The Technology in Ultra- small Case Sizes Range: The 008004... 137 6.6.2 (C ) Competition in Thick and Thin Film Ceramic Chip Discrete inductors in the 01005 Case Size:... 138 6.6.2 (D ) Competition in Thick and Thin Film Ceramic Chip Discrete inductors in the O2O1 Case Size:... 139 6.6.2 (E ) Competition in Thick and Thin Film Ceramic Chip Discrete inductors in the O4O2 Case Size:... 139 6.6.2 (F ) Competition in Thick and Thin Film Ceramic Chip Discrete inductors in the O6O3 Case Size:... 139 6.6.2 (G ) Competition in Thick and Thin Film Ceramic Chip Discrete inductors in the O8O5 Case Size:... 139 6.6.3 (The Fast Growth Low Profile Market FY 2016... 142 6.6.3 (A) Low Profile MLCI and Thin Film Chip Discrete inductors: 2016 By Case Size (In mm)... 142 6.6.3 (B) Technology Leadership in the 08004 and 01005 Low Profile Chip Discrete inductors: FY 2016... 142 6.6.3 ( C ) Competitors By Case Size and Inductor Thickness (Thin and Thick Film): FY 2016... 142 6.6.3 (D) Technology Leadership in Low Profile Ceramic Chip Discrete inductors: FY 2016... 142 6.6.4 High Frequency Opportunities for Discrete inductors to 2021... 144 6.6.4 (A) Ultra- Hi- Q Market Drivers (1 to 2.9 GHz): FY 2017-2021... 145 6.6.4 (B) Super Hi- Q Market Drivers (3.1 to 30 GHz): FY 2017-2021... 147 6.6.4 (C ) 30 to 300 GHz Range- Extremely High Frequency... 148 6.6.4 (D) Emerging Markets in The Decimeter Band for Ceramic Discrete inductors: FY 2016-2021... 149 6.6.4 (E) Emerging Markets in The Centimeter Band for Ceramic Discrete inductors: FY 2016-2021... 149 6.6.4 (F) Emerging Markets in The Millimeter Wave Band for Ceramic Discrete inductors: FY 2016-2021... 149 6.6.4 (G) Future Markets In THz Frequencies:... 150 7.0 PRODUCER PROFILES... 151 7.1 Background Data on The World s Top Producers of Discrete inductors, Beads and Cores... 151 7.1.1 ABC TAIWAN... 151 ABC TAIWAN ELECTRONICS CORP... 151 ABC Taiwan: Corporate Overview... 151 ABC Taiwan: Product Offering:... 152 ABC Taiwan: Employees and Plant Locations:... 152 ABC Taiwan: Financial Review and Four Year Revenue Trend:... 153 7.1.2 AEM... 155 AEM, INC.... 155 9

AEM, Inc.: Company Overview:... 155 AEM, Inc. Revenue Estimates:... 155 AEM, Inc. Corporate History:... 155 AEM, Inc.: Accolades & Achievements... 156 AEM, Inc.: HRB / DSCC 03024 Hi- Rel Ferrite Chip Beads... 156 7.1.3 AMOTECH... 157 AMOTECH COMPANY LIMITED ROK... 157 Amotech: Introduction:... 157 Amotech: Company Overview:... 157 Amotech: Key Products:... 158 Amotech: Power Inductor Line... 158 7.1.4 API DELEVAN... 159 API Delevan (Danaher)... 159 API Delevan: Company Description:... 159 API Delevan: Relationship With Danaher:... 159 API Delevan: Inductor Product Portfolio:... 160 7.1.5 AVX... 160 AVX Corporation... 160 Introduction To AVX Corporation:... 160 Passive Component Products From AVX:... 161 Passive Component Products From AVX:... 161 Annual Revenues For AVX Corporation: 2009-2017:... 161 AVX Corporation: RF/Microwave Products... 164 AVX Corporation: Thin- Film RF/Microwave Inductor Technology- Accu-L... 164 AVX Corporation: RF/Microwave Products... 164 AVX Corporation: Thin- Film RF/Microwave Inductor Technology- Accu-L... 165 AVX Corporation: Thin Film Inductor Product Offering: FY 2017... 165 AVX Corporation: Thick Film Inductor Product Offering: FY 2017... 166 7.1.6 BOURNS... 167 BOURNS, INC. (TVS DIODES):... 167 Bourns, Inc: Company Description:... 167 Bourns: J.W. Miller Magnetics:... 168 Bourns Trends and Directions: 2015... 168 7.1.7 CHILISIN... 169 Chilisin Electronics Corporation (2456 TT)... 169 10

Chilisin Electronics Corp. Company Description:... 169 Chilison Electronics Corp. Revenue Analysis: 2003-2015 CY... 170 Chilisin Electronics Corp.: Sales By Region:... 170 Chilisin: Thick Film Inductor Product Offering: FY 2017... 171 Chilisin: Thin Film Inductor Product Offering: FY 2017... 171 7.1.8 COILCRAFT... 171 Coilcraft, Inc. (Private)... 171 Special Note on Coilcraft... 171 Coilcraft: Number of Employees:... 172 2015 Updated Notes On Coilcraft Revenues... 172 About Coilcraft:... 172 Coilcraft Manufacturing Locations:... 172 Coilcraft Product Lines:... 173 Coilcraft: Corporate Milestones Since 1945:... 173 Coilcraft: Technical Innovations:... 173 7.1.9 CORE RAY... 174 Core Ray Electronics Company Limited... 174 Core Ray: About This Company:... 174 Core Ray: Product Line Up:... 174 7.1.10 CYNTEC (THIN FILM)... 174 Cyntec Company Limited... 174 About Cyntec Company Limited... 175 Cyntec: Thin Film Ceramic Inductor Product Line: FY 2017... 175 7.1.11 DARFON (THICK AND THIN FILM)... 176 Darfon Electronic Corporation... 176 About Darfon:... 176 Darfon: Thick Film Ceramic Chip Inductor Product Offering: FY 2017... 177 Darfon: Thin Film Ceramic Chip Inductor Product Offering: FY 2017... 178 7.1.12 FAIR- RITE... 178 Fair- Rite Products Corp.... 178 Fair- Rite: Company Description:... 178 Fair- Rite: Inductor Product Line... 178 7.1.13 GANG SONG... 179 11

GANG SONG ELECTRONICS CO., LTD.... 179 Gang Song: Company Overview... 179 Gang Song: Inductor and Related Products... 180 Gang Song Factory Locations:... 180 7.1.14 GOWANDA... 181 Gowanda Electronics Corp.... 181 Gowanda: Company Description... 181 Gowanda: Inductor Product Line:... 181 Gowanda: Manufacturing Facilities:... 182 Gowanda: Manufacturing Technologies Group:... 182 Gowanda: Mexico:... 182 Gowanda: ChipTek USA:... 182 Gowanda: Base Technologies:... 182 Gowanda: Customer Base:... 182 7.1.15 JOHANSON... 184 Johanson Technology... 184 Johanson Technology: About This Company:... 184 Johanson Technology: High Q Ceramic Chip Discrete inductors:... 185 Johanson Technology: RF Wirewound Chip Discrete inductors:... 185 Johanson Technology: RF Wirewound Chip Discrete inductors:... 186 Johanson Technology: Thick Film Inductor Product Offering: FY 2017... 187 7.1.16 LAIRD TECHNOLOGIES... 187 Steward Manufacturing Company (Laird)... 187 Laird (Steward): Overview:... 187 Laird (Steward) Inductor Product Line:... 187 Laird PLC Financial Reporting:... 188 Laird PLC Revenues By Product Segment:... 188 Laird PLC Performance Materials Division Revenues:... 188 Laird PLC Performance Materials Division Revenues by End- Use Market:... 188 Laird PLC Revenues By World Region:... 188 7.1.17 MAGNETICS (SPANG)... 189 Magnetics (A Spang Company)... 189 Magnetics (Spang): Company Overview... 189 Magnetics (Spang): Product Line:... 189 7.1.18 MAG- LAYERS... 190 12

Mag- Layers Scientific- Technics Company Limited... 190 Mag- Layers: Company Description:... 190 Mag- Layers: Inductive Product Line:... 191 Mag- Layers Scientific Technics (3068: Taiwan) Annual Revenues: 2012-2015 CY and 2016 CY Forecast... 191 7.1.19 MMG CANADA... 192 MMG Canada Limited... 192 MMG Canada: About This Company... 193 MMG Canada History:... 193 MMG Product Line:... 193 7.1.20 MURATA... 194 MURATA MANUFACTURING COMPANY LIMITED (RIC: 6981):... 194 Murata Manufacturing: About This Company... 194 Murata Manufacturing: Revenue Trends By End- Use Market Segment: 2009-2015... 194 Murata Manufacturing: Revenue Trends: 2014-2016... 195 Murata Manufacturing: Revenue Trends By End- Use Market Segment:... 196 Murata Manufacturing: Recent Developments In Discrete inductors (Expansion of Okayama; Merger with TOKO):... 197 Murata Manufacturing: Technology Trends in Discrete inductors:... 197 Murata: Thick Film Ceramic Chip Inductor Product Offering: FY 2017... 198 Murata: Thin Film Ceramic Chip Inductor Product Offering: FY 2017... 198 Murata Manufacturing: Revenue Trends by World Region: 2009-2016... 198 Murata Manufacturing: Recent Developments In Discrete inductors (Expansion of Okayama; Merger with TOKO):... 200 Murata Manufacturing: Technology Trends in Discrete inductors:... 200 MURATA: ECONOMIC INDICATOR: SHIFTING END-MARKET DATA IN FY 2016... 201 7.1.21 PANASONIC... 201 PANASONIC CORPORATION (RIC: 6752):... 201 Panasonic Corporation: Description:... 202 Panasonic Corporation: Annual Revenues: FY 2010-FY 2015; FY 2016 Forecasts... 203 Panasonic Corporation: Importance To The Passive Component Industry: FY 2016... 203 Panasonic ICT Components Group:... 206 Inductor Business Division... 206 Circuit Components Business Division... 206 Panasonic Passive Component Revenues:... 206 Panasonic Revenues by World Region:... 206 Panasonic Revenues by End- Use Market Segment:... 206 Panasonic Inductor Product Line (Tajima):... 206 13

7.1.22 PULSE... 207 Pulse Electronics Corporation... 207 Pulse Electronics: Company Description:... 207 Pulse Electronics: Recent developments:... 208 Pulse Electronics: Power Magnetics Products:... 208 Pulse Electronics: Broadband: RF & Wireless Products:... 208 Pulse Electronics: Signal Magnetics Products (LAN Connectivity):... 208 Pulse Electronics: Signal Magnetics Products:... 208 Pulse Electronics: Broadband/Internet Access Products:... 209 Pulse Electronics: RF Chip Inductor Product Line:... 209 Pulse Electronics: Military- Aerospace Products:... 209 Pulse Electronics: Revenue Trend: 2012-2014... 209 Pulse Electronics: Product Group Sales Update:... 210 Pulse Electronics: Revenue Trend by Country/Region: 2012-2014... 211 7.1.23 NEC-TOKIN... 212 NEC-TOKIN CORPORATION (RIC: 6759)... 212 NEC Tokin- About This Company:... 212 NEC Tokin- Product Sales... 213 NEC-Tokin Sales March 2015... 213 NEC Inductor Products:... 213 NEC-Tokin: Inductor Developments:... 214 7.1.24 SAGAMI... 215 Sagami Electric Company Limited... 215 Sagami Electric: Company Overview:... 215 Sagami Electric: Factory Locations and Employees:... 215 Sagami Electric: Major Customers:... 216 Sagami Electric: Major Push in Automotive Discrete inductors:... 216 Sagami Electric: Revenue Estimates in Discrete inductors and Coils:... 216 7.1.25 SAMWHA... 216 SamWha Electronics Company Limited... 216 Samwha: Company Description and Overview:... 216 Samwha: Inductor Products:... 217 Samwha: Ferrite Powder Products:... 217 Samwha: Qingdao Factory:... 217 Samwha: Employees:... 217 7.1.26 SKYMOS... 217 14

Skymos Electronics Limited... 217 Skymos: Company Overview:... 218 Skymos Product Lineup:... 218 7.1.25 SUMIDA... 219 SUMIDA ELECTRIC COMPANY LIMITED (RIC: 6817)... 219 About Sumida:... 219 Sumida Annualized Revenues: 2005-2014 CY... 220 Sumida Revenues By End- Use Market Segment:... 221 Sumida Corporation: Changes in Demand By End- Use Market Segment: 2012-2014 CY... 221 Sumida Passive Component Manufacturing Footprint By World Region:... 221 7.1.26 SUNLORD... 222 Shenzhen Sunlord Electronics Co., Ltd.... 222 Shenzhen Sunlord: Company Overview:... 222 Shenzhen Sunlord: New Product Developments in Discrete inductors:... 223 7.1.27 TAIYO YUDEN... 224 TAIYO YUDEN COMPANY LIMITED (RIC: 6976):... 224 Taiyo Yuden: Company Overview:... 224 Taiyo Yuden: Total Revenues and Ferrite and Applied Materials Revenues: FY 2016... 224 Annual Revenues For Taiyo Yuden s Ferrite and AP Group: 2014-2016 and 2017 Forecasts... 225 Taiyo Yuden: Trends and Directions in Discrete inductors... 226 7.1.28 TDK... 227 TDK CORPORATION (RIC: 6762):... 227 About TDK Corporation:... 227 Annual Revenues for TDK s Inductor Group: FY 2010-2015... 228 TDK: ECONOMIC INDICATOR: SHIFTING SALES DATA IN FY 2016... 229 TDK S POSITION IN THE PASSIVE COMPONENT INDUSTRY: FY 2016:... 230 TDK: Thick Film Ceramic Chip Inductor Product Offering: FY 2017... 231 TDK: Thin Film Inductor Development: FY 2017 to FY 2018... 231 7.1.29 TOKEN (THICK AND THIN FILM)... 231 Token Electronics Industry Co., Ltd.... 231 About Token:... 231 Token: Ceramic Thin Film Inductor Product Offering: FY 2017... 232 Token: Thick Film Inductor Product Offering: FY 2017... 232 15

7.1.30 TOKO (MURATA)... 233 TOKO INC. (RIC: 6801):... 233 TOKO: Company Overview:... 233 TOKO Corporation: Annual Revenues: CY 2011-2015... 234 TOKO Revenues by World Region:... 236 Change in TOKO Revenues By World Region: CY 2011 to CY 2014... 237 TOKO Revenues by End- Use Market Segment: CY 2014... 237 TOKO Inc.: Changes in Demand By End- Use Market Segment: CY 2011-2014... 238 TOKO, Inc. Revenues By End- Use Market Segment: CY 2011-2014... 238 TOKO Production Footprint By World Region:... 238 TOKO: Technology Trends & Directions: FY 2015... 239 TOKO: Partnership With Murata: FY 2015... 240 7.1.31 TT ELECTRONICS... 240 TT ELECTRONICS... 240 TT Electronics: Company Overview:... 241 TT Electronics: Primary Brands and Subsidiaries:... 241 TT Electronics: Inductor and Ferrite Operations:... 241 TT Electronics- Product Offerings... 241 TT Electronics on Current Market Conditions and Outlook:... 241 Product Offerings In Discrete inductors (BI Technologies)... 241 TT Group- BI Technologies Corporation... 242 TT Electronics (MMG)... 242 7.1.32 VIKING (THICK AND THIN FILM)... 242 Viking Tech Corporation... 242 About Viking Technology Corp.:... 242 Viking: Thin Film Inductor Product Offering: FY 2017... 243 7.1.33 VISHAY... 243 VISHAY INTERTECHNOLOGY (NYSE:VSH)... 243 Vishay Intertechnology: Company Overview... 243 Vishay Annual Resistor & Discrete inductors Group Revenues: 2009-2016; 2017 Forecasts... 244 Vishay s Inductor Business Group:... 245 Vishay- Dale: Thick Film Ceramic Chip Inductor Product Offering: FY 2017... 246 Vishay- Dale: Thin Film Ceramic Chip Inductor Product Offering: FY 2017... 246 Vishay s Inductor Business Group:... 247 7.1.34 WURTH ELEKTRONIK... 247 16

Wurth Electronik... 247 Company Description & Relation With Adolf Würth GmbH & Co. KG:... 247 Wurth Electronik: Revenue Data:... 247 Wurth Electronik: Electronic & Electromechanical Components Group:... 247 Wurth Electronik: Electronic & Electromechanical: Standard Parts... 247 Wurth Electronik: Electronic & Electromechanical: IBE Automotive Parts... 248 Wurth Electronik: Electronic & Electromechanical: Midcom Custom... 248 Wurth Electronik: Manufacturing Facilities:... 248 7.1.35 YAGEO- FERROXCUBE... 249 YAGEO CORPORATION (TW 2327):... 249 Yageo Corporation: Company Overview... 249 Annual Revenues For Yageo Corporation: 2009-2015... 250 Table of Figures and Graphs Figure 1: Currency Translations Used In This Report: 2013-2017 by quarter... 28 Figure 2: Structure of the Worldwide Magnetics Industry in 2016... 41 Figure 3: Summary Chart" Structure of The Worldwide Magnetics Business: FY 2016... 44 Figure 4: Competitive Environment By Inductor, Coil and Core Product Type: FY 2016... 47 Figure 5: Global Value, Volume and Average Unit Selling Price for Discrete inductors: FY 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 & FY 2015... 49 Figure 6: Global Value of Consumption for Discrete inductors: FY 2007-2016; and FY 2017 Forecasts- In Millions of USD... 51 Figure 7: Global Volume of Consumption for Discrete inductors: FY 2007-2016; and FY 2017 In Billions of Pieces:... 52 Figure 8: Average Unit Selling Price for Discrete inductors: FY 2007-2016 and FY 2017 Forecasts In USD Per Thousand Pieces... 53 Figure 9: Global Consumption Value for Discrete Inductor, Coils and Cores By Configuration: FY 2016 (Surface Mount, Throughole and Core) 57 Figure 10: Global Consumption Value, Volume and Pricing For Discrete inductors, Coils and Cores By Type and Configuration: 2011, 2012, 2013, 2014, 2015 and 2016 (Fiscal Year Ending March)... 67 Figure 11: Global Consumption Value For Surface Mount Discrete inductors By Type: (Ferrite Bead, Bead Array, ML Chip Coil, Molded Case Wirewound Chip, SMD Wirewound Coil): FY 2016... 68 Figure 12:Global Consumption Value For Throughole and Core Discrete inductors By Type: (Ferrite Cores, Axial Leaded Wirewound, Radial Leaded Wirewound, Wirewound Bobbin): FY 2016... 69 Figure 13: Global Consumption Value For Discrete inductors, Beads and Cores by End-Use Market Segment: FY 2016... 73 Figure 14: Global Consumption Volume For Discrete inductors, Beads and Cores by End-Use Market Segment: FY 2016... 74 Figure 15: Inductor and Bead Content In A Wireless Handset By Type and Circuit Application: FY 2016... 77 Figure 16: Inductor Content In a Notebook Computer by Component Type: FY 2016... 79 17

Figure 17: Inductor and Bead Content In a LCD/PDP TV by Type and Circuit Application: FY 2016... 81 Figure 18: Inductor, Bead and Core Content In A Standard Automobile By Type and Location: FY 2016... 82 Figure 19: Inductor Content in Large Home Appliances and Lighting Ballasts By Component Type: FY 2016... 83 Figure 20: Inductor, Bead and Core Consumption Volume and Pricing by End-Use Product Market: FY 2016... 87 Figure 21: Inductor, Bead and Core Consumption Volume and Pricing by End-Use Market Segment: FY 2016... 88 Figure 22: The Asian Market For Discrete inductors by Key Country: FY 2016... 91 Figure 23: The European Market For Discrete inductors by Key Country: FY 2016... 94 Figure 24: The American Market For Discrete inductors by Key Country: FY 2016... 96 Figure 21:Global Consumption Value for Discrete inductors, Beads and Cores By World Region: FY 2013-FY 2014-FY 2015, and 2016... 97 Figure 22: Global Consumption Value For Discrete inductors, Beads and Cores In Asia, Japan, Europe and The Americas: FY 2016 Estimates... 98 Figure 23: Sumida Corporation Annual Revenues: 2012-2016 CY (Converted into US Dollars)... 100 Figure 24: Taiyo Yuden: Ferrites & AP Group; Annual Revenues: FY 2009-2017... 101 Figure 25: TDK Corporation: Inductor Group Revenues: FY 2010-2016; 2017 Forecasts... 102 Figure 26: TOKO Corporation: Annual Revenues: 2011-2015 CY... 103 Figure 27: Vishay Intertechnology: Resistors & Discrete inductors Group: Annual Revenues: 2012-2016- 2017 Forecast... 104 Figure 28: Chilisin Electronics Corp. (2456: Taiwan): Annual Revenues: 2003-2016; 2017 Forecasts... 105 Figure 29: Mag-Layers Scientific Technics (3068: Taiwan) Annual Revenues: 2012-2015 CY and 2016 CY Forecast... 106 Figure 30: Shenzhen Sunlord: Revenue Growth: 2011-2014... 107 Figure 31: ABC Taiwan Electronics Corp. (3236: Taiwan) Annual Revenues: CY 2011-2016... 108 Figure 32: Discrete Inductor Vendors: FY 2015 Estimated Market Shares... 110 Figure 33: Global Vendors of Discrete inductors: FY 2016 Estimated Market Shares... 111 Figure 34: Competitive Environment in Discrete inductors, Beads and Cores by End-Use Market Segment: FY 2016... 114 Figure 35: Inductor, Bead and Core Shipment Value Forecasts: 2016-2021... 117 Figure 36:Global Value Shipments By Inductor Type: 2003-2015; 2016-2021... 118 Figure 37:Global Volume Shipments By Inductor Type: 2003-2016; 2017-2021 Forecasts... 120 Figure 38:Global Average Unit Pricing For Discrete inductors By Type: 2003-2017; 2016-2021(In USD)... 121 Figure 39: Projected Production VOLUME for Key END-PRODUCTS Consuming Components (Top 16 End-Products) To 2021... 122 Figure 40: Black Box Build and Forecasts: FY 2016 to FY 2021 Forecasts... 123 Figure 41: Global Average Unit Selling Prices For Components By Type: 2016-2021 Forecasts... 125 Figure 42: Value, Volume and Pricing Forecasts for Discrete inductors, Beads and Cores by End-Use Product Market to 2021... 130 Figure 43: Global Inductor, Bead and Coil Forecasts for Consumption by Component Type and Configuration: FY 2016-2021... 134 Figure 44: Global Inductor, Bead and Coil Forecasts For Consumption by World Region: FY 2016-2021... 136 Figure 45: High Frequency Ceramic Chip Inductor Markets By Type: (Thick Versus Thin Film): FY 2016... 138 Figure 46: High Frequency Ceramic Chip Discrete inductors: Competition by Case Size: (Thick Versus Thin Film): FY 2016... 141 18

Figure 47: Ceramic Vendors by Case Size and Inductor Thickness (Thick and Thin Film): FY 2016... 143 Figure 49: High Frequency Bands and Related Nomenclature... 145 Figure 50: Ultra Hi-Q Market Drivers (1 to 2.9 GHz): FY 2017-2021... 146 Figure 51: Hi-Q Market Drivers (3.1 to 30 GHz): FY 2017-2021... 147 Figure 52: Product Markets For Ceramic Discrete inductors In The 31 to 100 GHz... 148 Figure 45: ABC Taiwan Electronics Corp. (3236: Taiwan) Annual Revenues: CY 2011-2016... 153 Figure 46: AVX Corporation: Annual Revenues: 2009-2016; 2017 FY Forecasts... 163 Figure 47: Chilisin Electronics Corp. (2456: Taiwan): Annual Revenues: 2003-2016; 2017 Forecasts... 170 Figure 48: Mag-Layers Scientific Technics (3068: Taiwan) Annual Revenues: 2012-2015 CY and 2016 CY Forecast... 192 Figure 57: Murata Annual Revenues: 2014-2016... 196 Figure 49: Murata Revenues by World Region: FY 2015-2016 (9 Months of Data; shifting markets)... 201 Figure 50: Panasonic Corporation: Annual Revenues: FY 2010-FY 2015: FY 2016... 203 Figure 51: Sumida Corporation Annual Revenues: 2012-2016 CY (Converted into US Dollars)... 220 Figure 52: Shenzhen Sunlord: Revenue Growth: 2011-2014... 223 Figure 52: Taiyo Yuden: Ferrites & AP Group; Annual Revenues: FY 2009-2017... 226 Figure 53: TDK Corporation: Inductor Group Revenues: FY 2010-2016; 2017 Forecasts... 229 Figure 54: TDK Revenues by World Region: FY 2015-2016 (9 Months of Data; shifting markets)... 230 Figure 52: TOKO Corporation: Annual Revenues: 2011-2015 CY... 235 Figure 56: Vishay Intertechnology: Resistors & Discrete inductors Group: Annual Revenues: 2012-2016- 2017 Forecast... 245 19

Discrete inductors, Beads and Cores: World Markets, Technologies and Opportunities: FY 2015-2020 1.0 Background Of Report and Research Methodology: 2015 1.1 About the Author: Mr. Zogbi is president and CEO of Paumanok Publications, Inc., a market research company located in Cary, North Carolina specializing in market research studies, consulting, mergers and acquisitions, conferences and seminars with emphasis upon passive electronic components. Mr. Zogbi has 360 customers worldwide in the field of market research on discrete inductors, resistors, discrete inductors, circuit protection and related components and their respective engineered raw materials. Mr. Zogbi also engages in single client research related to new product development, due diligence for mergers and acquisitions and for establishing business growth for passive component companies worldwide. Dennis M. Zogbi Paumanok Publications, Inc. 502 Ballad Creek Court Cary, NC 27519 USA (919) 468-0384 (919) 468-0386 Fax dennis@paumanokgroup.com 1.2 Research Methodology Employed: The methodology employed to do this study combines secondary and primary data sources, including government data; company financial data and primary human intelligence resources to draw conclusions. This is called a legacy of data that is designed to make sure that all 20

pieces of the market puzzle fit together. Also we have the unique capability to benchmark the markets we study with previous studies under the same title produced in the past two decades. This study was last published in 2015 and 2012, and has been published in various forms multiple times since 1993, and has been researched again in 2015 at the request of multiple vendors who wish to enter the market and need updated and fresh data. This enables us to establish the Delphi-Method which suggests that the trend of sales over time will support a similar rate of growth in the future. We caveat this approach by also employing Box-Jenkins methods of market research which adjusts forecasts based upon our knowledge of current events and their impact on the supply chain, and how that might impact future forecasts. 1.3 The Paumanok Research Methodology: Government Data Global Production Data, Global Trade Data, Global Geological Surveys Secondary Data Sources Financial data from public company's, corporate oinancial presentations., Private company presentations at trade gatherings Primary Data Sources Human resources- primary contact with top executives in the supply chain. 2015 Paumanok Publications, Inc. All Rights Reserved 1.3.1 Government Data Collection and Resources: There are many government resources that we apply to research on the electronic components industry. Our primary use of government data is to establish component production in specific countries, as well as imports and exports by country of destination and country of origin 21

respectively. Government data can also be used to establish OEM pricing because of the availability in some instances of both value and volume data. We also will employ government statistics as they relate to the geology of countries to establish links to raw material trade. With respect to this report, however, government data on the subject is limited. For the sister components of resistors and discrete inductors, government data is much more prevalent on a global basis, however with respect to magnetic components in general, data is reported in bulk format with various components yoked together in a meaningless fashion other than to give us a general framework of overall global market value. Therefore, data on magnetics, especially for discrete inductors, beads and cores, must be garnered from secondary published sources and primary intelligence source. 1.3.2 Secondary Published Sources: We employ many secondary resources in our market research, including financial data from public companies, and technical data from both public and private companies that is found in trade journals and from conference proceedings. We also employ analyst data from financial institutions as well as a variety of paid intelligence subscriptions. With respect to discrete inductors, beads and cores we note that many major vendors report their revenues by end-use market segment and include discrete inductors, beads and cores as a separate line item, which in turn helps us to break down the sizes of the respective component markets in the magnetics segment. 1.3.3 Primary Intelligence Gathering: Paumanok maintains a database of 10,000 subscribers that can provide intelligence on a variety of subjects related to passive electronic components. These contacts are global in nature, but are largely centered in Japan, China, Korea, USA. Germany, France, UK, Italy, Czech Republic, Brazil, Canada, Mexico and Australia. Paumanok constantly updates information related to value-added and application specific ceramic inductor markets, primarily at the CARTS tradeshow, but also through direct contacts with many key customers in handsets, computers, automotive, TV sets, power supplies, medical, defense, oil & gas, telecommunications and industrial end-use segments. 22