USD 5.10 billion
Global Inductors Market Size, Share, Growth Analysis, By Type(Multi-layered, Film Type), By Inductance(Variable Inductors, Fixed Inductors), By Core Type(Iron Core, Ferromagnetic or Ferrite Core), By Application(General Circuits, High-Frequency Applications), By End User(Transmission and Distribution, Automotive) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2066 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
146 |
Figures:
78
Global Inductors Market Insights
Global Inductors Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.44 billion in 2023 to USD 9.07 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).
The rise in innovations and advances in consumer electronic devices are significant factors anticipated to propel the growth of the inductor market during the forecast period. Additional projected development drivers for the inductor market include the rise in popularity of smart cities and smart homes, that demand on energy-efficient electrical and electronic devices. Furthermore, it is anticipated that advancements in telephony and chip integration may temper market growth for inductors. On the other hand, fluctuations in the prices of raw materials, notably copper, will restrict the growth of the inductor industry during the forecast timeline.
In addition, the growing demand for wireless and connected devices is likely to create further chances for the inductor industry to expand during the next few years. The future expansion of the inductor market, however, this may be further hindered by the greater complexity brought on by inductors' miniaturization.
In addition, the growing demand for wireless and connected devices will likely create further chances for the inductor industry to expand during the next few years. The future expansion of the inductor market, however, may be further hindered by the greater complexity brought on by inductors' downsizing.
US Inductors Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Multi-layered
Growth Rate
6.6% CAGR
Global Inductors Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Inductors Market By Type 2021-2030 ($ Bn)
Global Inductors Market By Type 2021-2030 (%)
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Global Inductors Market Segmental Analysis
Global Inductors Market is segmented based on type, inductance, core type, application, end user, and region. In terms of type, the Inductors, the market is categorized into multi-layered, film type, molded, and wire wound. Based on inductance, the Inductors Market is classified into variable inductors, fixed inductors. With respect to core type the market is segmented into iron core, ferromagnetic or ferrite core, and air core. With respect to segmentation by application, the market is grouped into power applications, general circuits, and high-frequency applications. By end user, the Inductors Market is divided into automotive, military and defense, transmission and distribution, consumer electronics, industrial, RF and telecommunication. Region Wise, the global inductors market is widespread into North America, Europe, Asia-Pacific, Latin America, and MEA.
Inductors Market Analysis by Application
By application, the market is grouped into power applications, general circuits, and high-frequency applications. Among these, the power application segment earned the dominant share. It is feasible to capitalize on the rise of hybrid and battery-powered technologies in the automotive sector to help meet the need for power inductors because these developments would require more ECUs. The power inductors' outstanding packing and saturation characteristics make them the perfect choice for meeting the rising need for powertrain technology. The recently released Lmax series power inductors are suitable with computers, mobile phones, and telecommunications equipment. Due to the wide range of sectors in which they are used, the market for power inductors will expand in the coming years.
That several inductors of different types are used in general circuits. Circuits typically include oscillators and filters. Other examples of general circuits include car navigation systems, wiper and power window systems, and car audio systems. Inductors, resistors, and capacitors are widely used to create signal processing filters and analogue circuit filters. On account of how its impedance changes as a signal's frequency rises, an inductor alone can act as a low-pass filter. One can build oscillators by combining capacitors and inductors. One of the most well-liked types of oscillators is the LC oscillator, which generates a waveform that is continuously periodic. LC oscillators are often used in radio-frequency circuits due to their ease of use and superior phase noise characteristics.
Inductors Market Analysis by End User
By end user, the market is divided into automotive, military and defense, consumer electronics, transmission and distribution, industrial, RF and telecommunication. A coil winding with two terminals through which flux is passed makes up automotive inductors. The flux density via the coil determines the inductive current. Flux going through the coil induces a current, which lowers the voltage around the coil. The current regulation characteristic of automotive inductors, which stabilizes the electric circuits in cars, is one of the main drivers fueling the market growth for these components. A significant advancement in the market for automotive inductors is the invention of premium inductors that operate in extreme temperatures without experiencing appreciable downtime. The market for automotive grade induction will expand quickly as a result. The production of the car parts has increased as a result.
Global Inductors Market By Type 2021 (%), 2023 (%)
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Global Inductors Market Regional Insights
Asia-Pacific accounts for around 37% of the global market, according to the regional analysis. Also, it is anticipated that Asia Pacific market would probably continue to dominate for a while. Manufacturers of consumer electronics are known to be heavily concentrated in this region. Moreover, these inductors are crucial in the production of consumer items and automobiles. Due to increased investment by nations such as China, South Korea, India, and Japan in the consumer electronics and automotive industries, the demand for inductors in this region has increased dramatically.
The North American inductor market is the second-largest after the Asia-Pacific region, with around 28.93% of global sales. The primary drivers of this region's expanding target market are the rapid growth of industrial automation, the rising popularity of smartphones and tablets.
Global Inductors Market By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Inductors Market Dynamics
Inductors Market Drivers
Consumer electronics are increasingly evolving and developing.
- With more market rivals and game-changing technical breakthroughs, the consumer electronics sector is a dynamic one that is changing swiftly. These technological developments and innovations have improved the features and caliber of consumer electronics goods. They may also result in a greater overall use of inductors in the consumer electronics industry.
The Rising Need for Electronic Devices
- The rising need for electronic devices across a number of sectors, including consumer electronics, automotive, and aerospace, is what is driving the market for drivers’ inductors. Since inductors are a crucial part of the power electronics used in these applications, the market has grown as renewable energy sources like wind and solar power are increasingly being utilized.
Inductors Market Restraints
Variation in the Prices of Raw Minerals like Copper
- Inductors are often made of iron, copper, and ferrite due to properties including high electrical connectivity and large power losses. Coils made of copper are employed because the metal has great mechanical and thermal qualities. This is commonly used as a raw material in the manufacture of inductors.
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Global Inductors Market Competitive Landscape
The competitive environment of the Inductor Market has significantly changed over the past few years as well. The opportunities that followed have led to fierce competition. It seems like there is market fragmentation. A sizable number of inductor producers are competing for the expanding market share. As a result, OEMs have a lot of negotiating power and can pick the inductor supplier that best suits their business strategy and, more crucially, one that can balance quality and cost effectively.
Inductors Market Top Player’s Company Profiles
- TDK Corporation
- Murata Manufacturing Co., Ltd.
- Vishay Intertechnology, Inc.
- Taiyo Yuden Co., Ltd.
- Delta Electronics, Inc.
- Panasonic Corporation
- Coilcraft, Inc.
- Pulse Electronics Corporation
- AVX Corporation
- Bourns, Inc.
- API Delevan, Inc.
- Eaton Corporation
- Wurth Elektronik Group
- Sumida Corporation
- Ice Components, Inc.
- TOKO, Inc.
- Laird PLC
- Fastron Electronics
- Kemet Corporation
- EPCOS AG
Inductors Market Recent Developments
- In February 2022, Bourns Inc. enhanced the mechanical resistance for difficult vibration application conditions with the inclusion of two new automotive-grade high current shielded inductors series. A broader side terminal lead frame that can endure peak vibrations is a feature of shielded inductors from the Model SRP1038WA and SRP1265WA series. The two series provided outstanding temperature stability, a small packaging, a wide working temperature range of -55 to + 165 °C, a high saturation current, a low buzz noise, a low DC resistance, a low DC, and a low DC voltage.
- In August 2021, Bourns Inc. introduced a brand-new series of chip inductors with a high Q value and a compact footprint. The CWF1610 and CWF2414 chip inductor’s wire wound construction enhanced their performance attributes for DC power line applications and RF signal processing as compared to multilayer or film technology.
Global Inductors Key Market Trends
- Inductors are used in a variety of computing-related products, including laptops, desktop computers, industrial computers, and motherboards. The power supply circuitry of various computers uses these inductors. In the switch-mode power supply (SMPS) used in computers, the inductors serve as energy storage components. The output voltage ratio of these power supplies is influenced by how long it takes the inductor to charge.
- The surge in consumer electronics sales has also been facilitated by growing standards of living. Consumer interest in acquiring cutting-edge digital products has increased as a result of the internet's and technology's expanding presence, particularly in emerging nations. Smartphone capabilities are constantly growing, from fingerprint authentication to managing and watching over production lines or home security systems. About 15–25 power inductors are used in the premium smartphone. The inductor market is expanding as a result of the use of inductors in these goods and the expansion of consumer electronics thanks to enhanced digitalization.
Global Inductors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Inductors market is the rise in innovations and advances in consumer electronic devices are significant factors anticipated to propel the growth of the inductor market over the forecast period. Additional projected development drivers for the inductor market include the rise in popularity of smart cities and smart homes, that demand on energy-efficient electrical and electronic devices. Furthermore, it is anticipated that advancements in telephony and chip integration may temper market growth for inductors. On the other hand, it is further anticipated that fluctuations in the price of raw materials, notably copper, will restrict the growth of the inductor industry during the timeline period. The surge in consumer electronics sales has also been facilitated by growing standards of living. Consumer interest in acquiring cutting-edge digital products has increased as a result of the internet's and technology's expanding presence, particularly in emerging nations. Smartphone capabilities are constantly growing, from fingerprint authentication to managing and watching over production lines or home security systems.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.10 billion |
| Market size value in 2031 | USD 9.07 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Inductors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Inductors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Inductors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Inductors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Inductors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Inductors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Inductors Market Report Snapshots
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