Inductors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Inductors Market was valued at USD 6 billion in 2023 and is projected to grow at 6.9% CAGR from 2024 to 2032. As more consumers adopt advanced devices like smartphones, tablets, and wearables, the need for high-performance inductors becomes increasingly important. Inductors are vital for managing power and filtering signals, ensuring these devices operate efficiently and reliably. Additionally, the trend towards miniaturization has further boosted demand, prompting manufacturers to innovate and develop smaller inductors that still offer excellent performance without occupying too much space. Another significant driver of market expansion is the growing electric vehicle (EV) industry.

With a global focus on sustainability and reducing carbon footprints, the EV sector is booming, supported by government incentives and changing consumer preferences. Inductors are essential in electric vehicles, particularly in power conversion and battery management systems. They handle high currents and minimize electromagnetic interference, making them crucial for EV functionality. As the EV market continues to grow, so does the demand for efficient inductors, ensuring a positive market outlook.

The inductors market is segmented by type into air core inductors, iron core inductors, ferrite core inductors, toroidal core inductors, multilayer inductors, and variable inductors. Among these, the multilayer inductors segment is expected to reach USD 3.2 billion by 2032. Air core inductors, which use air as the magnetic core material, are particularly useful in high-frequency applications. These inductors offer minimal distortion and excellent linearity, making them ideal for RF circuits, such as in radio transmitters and receivers. Their lightweight and simple construction, along with low electromagnetic interference, contribute to their widespread use.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$6 Billion
Forecast Value	$10.8 Billion
CAGR	6.9%

In terms of application, the market is divided into power inductors, RF inductors, coupled inductors, multilayer inductors, and others. The RF inductors segment is set to grow fastest, with a CAGR of 8.6% from 2024 to 2032. Power inductors, essential in power management systems, are used to convert and regulate voltage levels in various electronic devices, such as power supplies and DC-DC converters. In North America, the U.S. dominates the market, accounting for 76.2% of the region's inductor demand. This is largely due to the strong demand for advanced electronic components driven by the thriving consumer electronics sector and significant investments in electric vehicle technology.

The focus on innovation and continuous research and development in the country fosters a competitive environment for manufacturers, driving improvements in product performance and efficiency.

Product Code: 11936

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Rising demand for consumer electronics
  - 3.6.1.2 Growth of electric vehicles (EVs)
  - 3.6.1.3 Advancements in industrial automation
  - 3.6.1.4 Expanding telecommunications infrastructure
  - 3.6.1.5 Growing focus on renewable energy sources
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Increasing competition from alternative technologies
  - 3.6.2.2 Supply chain disruptions and material shortages
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type of Inductor, 2021-2032 (USD Billion & Thousand Units)

5.1 Key trends
5.2 Air core inductors
5.3 Ferrite core inductors
5.4 Iron core inductors
5.5 Toroidal core inductors
5.6 Multilayer inductors
5.7 Variable inductors

Chapter 6 Market Estimates & Forecast, By Material, 2021-2032 (USD Billion & Thousand Units)

6.1 Key trends
6.2 Ferrite
6.3 Iron
6.4 Powdered iron
6.5 Ceramic
6.6 Air
6.7 Laminated steel
6.8 Others

Chapter 7 Market Estimates & Forecast, By Mounting Type, 2021-2032 (USD Billion & Thousand Units)

7.1 Key trends
7.2 Surface mount inductors (SMD)
7.3 Through-hole inductors
7.4 Chassis mount inductors

Chapter 8 Market Estimates & Forecast, By Size/Form Factor, 2021-2032 (USD Billion & Thousand Units)

8.1 Key trends
8.2 Miniature
8.3 Standard
8.4 Large

Chapter 9 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion & Thousand Units)

9.1 Key trends
9.2 Power inductors
9.3 RF inductors
9.4 Coupled inductors
9.5 Multilayer inductors
9.6 Other specialized inductors

Chapter 10 Market Estimates & Forecast, By End-use Industry, 2021-2032 (USD Billion & Thousand Units)

10.1 Key trends
10.2 Consumer electronics
10.3 Automotive
10.4 Industrial
10.5 Telecommunications
10.6 Aerospace and defense
10.7 Healthcare
10.8 Energy and power
10.9 Others

Chapter 11 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion & Thousand Units)

11.1 Key trends
11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Russia
11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 Australia
11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
11.6 MEA
- 11.6.1 South Africa
- 11.6.2 Saudi Arabia
- 11.6.3 UAE

Chapter 12 Company Profiles

12.1 ABC Taiwan Electronics Corporation
12.2 Abracon LLC
12.3 API Delevan, Inc.
12.4 Bel Fuse Inc.
12.5 Bourns, Inc.
12.6 Chilisin Electronics Corp.
12.7 Coilcraft, Inc.
12.8 Delta Electronics, Inc.
12.9 KEMET Corporation
12.10 KYOCERA AVX Components Corporation.
12.11 Laird Performance Materials
12.12 Murata Manufacturing Co., Ltd.
12.13 Nic Components Corp.
12.14 Panasonic Corporation
12.15 Pulse Electronics Corporation
12.16 Samsung Electro-Mechanics
12.17 Sumida Corporation
12.18 Taiyo Yuden Co., Ltd.
12.19 TDK Corporation
12.20 TT Electronics Plc
12.21 Viking Tech Corporation
12.22 Vishay Intertechnology, Inc.
12.23 Wurth Elektronik GmbH & Co. KG

Inductors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032