**7. Summary**

Field of permanent magnets is diverse. Proper research and attention create a large demand in this area for the development of variety of materials as per the application requirements. The existing permanent magnets with superior performance and development of new permanent magnets are the future of the new devices and industry.

*Introductory Chapter: Modern Permanent Magnets – Basics and Applications DOI: http://dx.doi.org/10.5772/intechopen.113119*
