Inductors Market Size

Inductors Market size was valued at USD 5.44 Billion in 2023 and is poised to grow from USD 5.8 Billion in 2024 to USD 9.67 Billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).

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. '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'

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.

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.

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.