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Inductor Market Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | TDK Corporation, Murata Manufacturing Co Ltd, Vishay Intertechnology Inc, Taiyo Yuden Co Ltd, Chilisin Electronics Corp
Inductor Market Market Characteristics
The Business Research Company offers in-depth market insights through Inductor Market Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The inductor market size has grown strongly in recent years. It will grow from $4.33 billion in 2023 to $4.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. . The growth in the historic period can be attributed to growth of consumer electronics, expansion of automotive electronics, increasing adoption of renewable energy sources, growth of industrial automation and robotics, increasing focus on inductor reliability and durability.
The inductor market size is expected to see strong growth in the next few years. It will grow to $5.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. . The growth in the forecast period can be attributed to emergence of 5g technology, rise of internet of things (iot) devices, increasing demand for electric vehicles (evs), expansion of artificial intelligence (ai), growing emphasis on energy efficiency and power management solutions. Major trends in the forecast period include technological advancements, miniaturization and integration of inductors, development of high-frequency and high-power inductors, adoption of advanced materials and manufacturing techniques, shift towards vertically integrated supply chains.
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Market Segmentation:
The main types of inductors are film type, multilayered, wire wound, and molded. A film inductor is a type of inductor that is based on small thin film coils that are shaped like spirals with limits on the maximum value. They are usually made from alumina, ferrite, or magnetic material, which allows for compact and higher precision performance. The different inductances are fixed inductors and variable inductors, including core types such as air core, ferromagnetic/ferrite core, and iron core. The applications of the inductor are power applications, high-frequency applications, and general circuits, that are used by multiple verticals such as automotive, industrial, RF, and telecommunication, military and defense, consumer electronics, transmission and distribution, and healthcare.
Major Driver - Rising Electric Vehicle Adoption Propels Growth In Inductor Market
The rising adoption of electric vehicles is expected to boost the growth of the inductor market going forward. An electric vehicle is a vehicle that is propelled by one or more electric motors (EV). The use of electric vehicles has increased due to their capacity to preserve energy security, reduce emissions, and improve fuel efficiency. Inductors are mounted in an electric vehicle control unit (EV-ECU), which is the control unit to manage various operations in electric vehicles. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the rising adoption of electric vehicles is driving the growth of the inductor market.
Competitive Landscape:
Major companies operating in the inductor market report are TDK Corporation, Murata Manufacturing Co Ltd, Vishay Intertechnology Inc, Taiyo Yuden Co Ltd, Chilisin Electronics Corp, Delta Electronics Inc, Panasonic Corporation, ABC Taiwan Electronics Corporation, Pulse Electronics Corporation, Coilcraft Inc, Shenzhen Sunlord Electronics Co Ltd Ourns Inc, Sumida Corporation, Ice Components Inc, Bourns Inc, AVX Corporation, Gowanda Electronics, TT Electronics, Kyocera AVX, Samsung Electro-Mechanics, KEMET, Houston Transformer Company Ltd, TOKIN Corporation
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Top Trend - Technological Advancements Drive Innovation In Inductor Market
Technological advancement is a trend gaining popularity in the inductor market. Major companies operating in the inductor market are focused on developing new technological solutions to strengthen their position in the market. For instance, in June 2023, Bourns Inc., a US-based electronics company, launched Bourns Model SRN8040HA Series, an automotive grade semi-shielded power inductor series with advanced magnetic silicon-based coating technology. These are well-suited for automotive systems, DC-DC converters, and power supplies in consumer, industrial, and telecom applications in which higher inductor reliability may be required. It is constructed using Bourns' advanced magnetic silicon-based coating technology, which offers superior magnetic shielding while also enabling higher operating temperatures. The SRN8040HA series supports high current capacity with saturation current Isat ranging from 1.3 to 15 A and provides a heating current Irms range of 1.0 to 10.0 A.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Inductor Market Market Characteristics
3. Inductor Market Market Trends And Strategies
4. Inductor Market Market - Macro Economic Scenario
5. Inductor Market Market Size And Growth
…..
27. Inductor Market Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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