Automotive Grade Inductors Market - Major Revenue Gains are Expected by 2032

With a projected CAGR of 3.20% between 2022 and 2032, the global demand for automotive grade inductors is expected to increase in value from its projected 2022 level of US$ 2,800 Million to US$ 3,836.56 Million.

Its robust AC and DC current-resistance feature, as well as its current regulating mechanism, are key drivers of automotive grade inductors market growth since they improve the performance of automobile accessories.

The current state of the auto industry is profoundly affected by wireless technology. Growth in the markets for navigation, IoT, and entertainment systems, as well as the proliferation of wirelessly connected gadgets, are fuelling the automotive grade inductors market expansion. Due to the miniaturisation of devices, many manufacturers in the automotive grade inductors market are developing smaller power inductors.

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For example, Vishay Intertechnology recently introduced three new commercial IHLP low-profile, high-current power inductors with high-operating temperatures of up to +155 °C in the 3.3 mm by 3.3 mm 1212 case size, the company's smallest to date. The demand for automotive grade inductors is likely to be directly impacted by the rapid expansion of wireless technologies like GPS, GPRS, Bluetooth, and Wi-Fi devices. As a result, the automotive grade inductors market is expected to expand as the need for technological integration increases.

Inductors typically made of copper, iron, and ferrite due to their high electrical connection, low power loss, and other desirable properties. Copper's favourable thermal and mechanical qualities make it a popular choice as a raw material for producing automotive grade power inductors. Producing inductors of an automotive quality requires strict control over copper line width and a uniform metal pattern density.

China, Japan, India, South Korea, and Germany are the world's five largest copper, iron, and ferrite importers, therefore fluctuations in supply and demand could affect the cost of these metals. Copper, iron, and ferrite all have widely varying prices, and this means that this is one of the key factors impacting the sales of automotive grade inductors. This means that raw material costs are expected to be a drag on the automotive grade inductors market.

With many passenger cars being produced and a growing market penetration of electrically monitored accessories, Asia Pacific is expected to expand at a significant growth rate in the worldwide automotive grade inductors market. China's automotive market is the largest in the world, with registrations expected to reach 21 million vehicles in 2020. This is expected to have a significant impact on the global sales of automotive grade inductors.

Key Takeaways

The automotive grade inductors market is expanding because of factors such as the growing need for integrated technology, the increasing prevalence of automobiles in emerging nations, and the increasing level of disposable money in those nations.
Predicted fluctuations in raw material costs may restrain the automotive grade inductors market's expansion.
Market participants may wish to capitalise on the convergence of increased safety concerns and expanding foreign direct investment in the vehicle sector.
Increases in both vehicle production and demand for passenger vehicles are expected to drive significant expansion of the automotive grade inductors market in Europe over the forecast period.

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Competitive Landscape

Mouser Electronics, Inc., Laird Technologies, TDK Corporation, Abracon, TTI, Inc., Avnet, Inc., Vishay Intertechnology, Bourns, Inc., Murata Manufacturing Co., Ltd., and Viking Tech Corporation are just a few of the major companies operating in the global automotive grade inductors market.

Due to the large number of businesses operating in it, competition is fierce. Market leaders like TDK Corporation and Abracon operate on a worldwide scale, but there are also several regional level players present in all the important growing regions, especially in Asia-Pacific.

Key Segments Covered in the Automotive Grade Inductors Market Report

Automotive Grade Inductors Market by Inductance Range:

less than 1 Micro Henry
from 1-10 Micro Henry
from 10-20 Micro Henry
from 20-30 Micro Henry
from 30-40 Micro Henry
more than 40 Micro Henry

Automotive Grade Inductors Market by Vehicle Type:

Automotive Grade Inductors for Passenger Cars
Compact
Mid-Size
Luxury
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles

Automotive Grade Inductors Market by Sales Channel:

OEMs
Aftermarket

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Recent Developments

A new line of shielded SMT power inductors, PCM120T, from TDK, was released in March 2022. These inductors include optimised designs for high saturation currents and low DC resistance.

In March 2022, Vishay Intertechnology released new commercial and Automotive Grade devices in the 2020 case size of 5 mm by 5 mm by 3.4 mm, expanding its IHLE family of low profile, high current power inductors having integrated E-field shields for the mitigation of EMI.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.