Inductor Market Growing at 4.3% CAGR, APAC Leads the Way | Maximize Market Research

Inductor Market To Be Worth USD 5.75 Billion By 2030 | Growth in Consumer Electronics and Automotive Industries Revealed by

Market Analysis:

Global Inductor Market Size was valued at USD 4.28 billion in the year 2023 and is forecast to be CAGR 4.3% and scale up to USD 5.75 billion in the year 2030. The rise in demand is mainly because of the consistent advancements in consumer electronic goods and the rising adoption of inductors in automotive electronics. ​

Market Drivers and Opportunities by Growth Factors

With the increasing deployment of consumer electronics like smartphones, tablets, and laptops, there is a significant demand boost for inductors as they are widely used in these devices for energy storage and filtering applications. The rapid change of the automotive industry in the era of electric and hybrid vehicles has also increased the demand for inductors for in-vehicle electronic applications such as powertrain control and infotainment systems. ​

Growing demand for smart networks and use of Internet of Things (IoT) has generated high avenues in the way of inductor market. With an increasing number of devices wired and interconnected, proliferation in demand for inductors in communication systems and network hardware is anticipated.

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Segmentation Analysis

It also provides the market size and forecasts for all the segments and sub-segments in the inductor market across different regions. ​Allied Market Research

By Type:

Fixed Inductors — Featuring a defined inductance, fixed inductors are commonly used in many electronic circuits for filtering and energy storage. ​

Variable Inductors: These are inductors with variable inductance, used in applications where tuning and variation in frequency is required, such as radio receivers and transmitters. ​

By Core Type:

Air Core: These inductors have no core, so there are no core losses, which makes them ideal for high frequency applications. ​

Ferrite Core: Made from ceramic compounds with magnetic characteristics, these type of inductors are common in high-frequency applications such as telecommunications and computing devices. ​

Laminated Cored (Layers of Magnetic Material): These inductors are designed to reduce energy losses within the core, and are most commonly utilized for power applications. ​

By Application:

Consumer Electronics — With high usage of inductors in devices such as smartphones, tablets, gaming consoles, etc. the part commands a large chunk of market share. ​

Automotive: Higher adoption of electric vehicles and ADAS systems means you are going to need more inductors in automotive applications. ​

Inductors have a variety of applications in industrial equipment for power management and signal processing. ​

Telecom: Inductors are key devices for signal conditioning and filtering in the telecommunication infrastructure of the growing 5G networks. ​

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Regional Insights

Asia-Pacific (APAC): With nearly 36.25% market share in 2023, APAC is predicted to continue its leadership during the forecast period. The demand for inductors in this region is due to its strong base for consumer electronics manufacturing supported by countries like China, Japan, and South Korea along with increasing investments in the automotive sector. ​

North America is expected to hold approximately 27.68% of the market share in 2023, and the growth of North America can be attributed to the increasing adoption of emerging technologies, an established information and communication technology (ICT) sector, and increasing smartphone and tablet penetration rates. ​

Europe: The European region has steady growth in Industrial gear market due to its prominent automotive manufactures and growing demand for energy efficient industrial equipment. ​

Competitive Landscape

The global inductor market is highly concentrated with several key players focusing on product innovation and strategic partnerships and mergers and acquisitions to consolidate their market position. Notable companies include:​

TDK Corporation: One of the omnipresent electronics firms, TDK makes a variety of inductors that serve different applications and prides itself on keep on innovating to serve a dynamic market. ​Maximize Market Research

Murata Manufacturing Co. Ltd.: Murata is one of the biggest manufacturers of electronic components and offers very high-quality inductors as well and has been known for its intensive research and development activities to launch various new products to market. ​

Vishay Intertechnology, Inc: Providing a wide range of inductors, Vishay serves several industries, such as automotive, industrial, and consumer electronics, with reliable and efficient devices. ​

Coilcraft, Inc.: Specializes in high-performance inductors across the telecommunications and computing industries for high-frequency applications. ​

The Sumida Corporation is an inductor manufacturer specialized in automotive and industrial applications and is known for high-quality, innovative products. ​

The demand for inductors is rapidly increasing across several end-use industries, compelling these companies to intensively focus on enhancing their product portfolio and global footprint. ​

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Conclusion

Introduction Inductors are a kind of passive device that store energy in the form of a magnetic field when an electric current flows through them. The growing trends and the increasing applications of the product will offer profitable opportunities to the players in the inductors market.

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