Fixed Inductor Market Increase in the R&D on New Telecommunication

According to Precision Business Insights (PBI), latest report, the fixed inductor market size was valued at USD 4.2 billion in 2022 and is expected to grow at a CAGR of 7.4% during the forecast period 2023-2029. The primary factors that drive the market are the growing investments in innovation and research & development in new technology in telecommunication, rising in the production of the TV receiver and other telecommunication devices leading to an increase in the demand for fixed inductor market.

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Iron Core Inductor to Dominate the Fixed Inductor Market:
Based on type, Iron Core Inductor holds the highest market share. The major factor for the rise of this segment is that the use of Iron Core Inductor eradicates the need for another inductor, iron core inductor is commonly used in many devices such as TV receiver and military telecommunication devices which makes it worthy to use and influence the demand in the market. These factors can drive the Fixed Inductor Market growth.

The fixed inductor market is segmented based on core type, application, end user, and geography.
Based on the core type, the market is segmented into the following:
• Air core
• Ferrite core
• Ceramic core
• Iron core

Based on the application type, the market is segmented into the following:
• Analog circuit
• Signal Processing
• Ripple Processing
• Radio Processing
• Others

Based on the end user, the market is segmented into the following:
• Telecommunication,
• Industrial Electronics,
• Automotive,
• Military & Defense and
• Others

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific Fixed Inductor Market
Asia Pacific region is expected to grow significantly in the fixed inductor market over the forecast period. The Fixed Inductor Market in the Asia Pacific held a significant revenue share in 2022, and in the following years, it is predicted to increase rapidly. It is attributed to the increase in technology and rapidly growing well-developed telecom infrastructure. The iron core inductor is highly in demand due to various telecom devices like radio frequency devices, used by the military & defence, Asia pacific will increase the demand for Fixed Inductor Market.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The Fixed Inductor Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players' profiles in the fixed inductor market report are Panasonic Holdings Corporation, Taiyo Yuden Co. Ltd., Murata Manufacturing Co Ltd., ICE components Inc, Samsung electro- mechanics Co. Ltd., GCI technologies, Yageo Corporation, Shenzhen Sunlord Electronics Ltd., Arrow electronics, and Delta Electronics Inc.

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This release was published on openPR.