North America Samarium Cobalt Magnets Market 2025-2033

North America Samarium Cobalt Magnets Market Report by Application (Defense, Aerospace, Electronics, Medical Devices, and Others), and Country 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A1708

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Market Overview:

The North America samarium cobalt magnets market size reached 475.3 Tons in 2024. Looking forward, IMARC Group expects the market to reach 574.5 Tons by 2033, exhibiting a growth rate (CAGR) of 2.07% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	475.3 Tons
Market Forecast in 2033	574.5 Tons
Market Growth Rate 2025-2033	2.07%

Samarium-Cobalt (SmCo) magnets are known as “the first generation of the rare-earth magnets”. These magnets are composed of samarium, cobalt and iron. After Neodymium-iron-boron magnets (NdFeB), they are one of the strongest magnets and possess several distinct characteristics. Some of these properties include high thermal conductivity, high coercivity and easy operability at higher temperatures. Moreover, with limited size and weight, SmCo magnets exhibit good corrosion resistance without additional surface treatment. On account of these properties, they are often used in high temperature applications and where strong magnetic fields are required.

The North America samarium cobalt magnets market is currently being driven by several factors. Samarium cobalt magnets are widely utilized in sensors, computer hard drives, AC servomotors, actuators, bias magnets, ultrasonic transducers, traveling wave tubes and high performance motors. Owing to this, they find distinctive applications in defense and aerospace sectors in the region. Moreover, there is an escalated demand for these magnets in the electronics, medical devices, motors and actuators manufacturing industries, which further drives the market. In addition to this, rapid technological advancements across the automobile and automation sectors have also catalyzed the SmCo magnets market growth in the region.

North America Samarium Cobalt Magnets Market

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America samarium cobalt magnets market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on application.

Key Regions Analysed
- United States
- Canada
- Mexico
Analysis for Each Country
Market by Application
- Defense
- Aerospace
- Electronics
- Medical Devices
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Tons
Segment Coverage	Application, Country
Countries Covered	United States, Canada, Mexico
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The North America samarium cobalt magnets market reached a volume of 475.3 Tons in 2024.

We expect the North America samarium cobalt magnets market to exhibit a CAGR of 2.07% during 2025-2033.

The rising demand for samarium cobalt magnets across various industries, such as defense, aerospace, consumer electronics, etc., as they provide optimal thermal conductivity, high coercivity, easy operability at higher temperatures, etc., is primarily driving the North America samarium cobalt magnets market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several North American nations, resulting in the temporary halt in numerous production activities for samarium cobalt magnets.

Based on the application, the North America samarium cobalt magnets market can be bifurcated into defense, aerospace, electronics, medical devices, and others. Currently, the defense sector holds the largest market share.

On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America samarium cobalt magnets market.

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