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Automotive Grade Power Inductors Market Share Expands with Rising Demand in Electric Vehicles and Advanced Driver Assistance Systems | Valuates Reports
Automotive Grade Power Inductors Market SizeThe global market for Automotive Grade Power Inductors was valued at US$ 1872 million in the year 2024 and is projected to reach a revised size of US$ 2786 million by 2031, growing at a CAGR of 5.9% during the forecast period.
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Market Size and Industry Context:
The global Automotive Grade Power Inductors market is experiencing steady growth, driven by the increasing adoption of electric vehicles (EVs), advanced driver assistance systems (ADAS), and in-vehicle electronics. These inductors are essential components in power management systems, contributing to efficient energy conversion and noise suppression in automotive applications. The market's expansion is supported by the automotive industry's shift towards electrification and the integration of sophisticated electronic systems.
Market Share and Regional Overview:
Asia-Pacific holds a significant share of the automotive grade power inductors market, attributed to its robust automotive manufacturing sector and the growing demand for EVs. North America and Europe also contribute substantially, with advancements in automotive technologies and a strong emphasis on sustainability. The global focus on reducing carbon emissions and enhancing vehicle performance is influencing market dynamics across these regions.
Market Growth, Analysis, and Revenue Insights:
The market is poised for continued expansion, underpinned by technological innovations and the increasing need for reliable power management solutions. Developments in inductor design, focusing on compactness and efficiency, are enhancing their applicability in modern vehicles. As the automotive industry continues to evolve, the demand for high-quality power inductors is expected to drive sustained revenue growth in the coming years.
by Type
• Shielded Power Inductors
• Non-shielded Power Inductors
by Application
• Automotive Information Devices
• Driver Assistance Systems
• LED Head Lighting
• ECU
• Others
By Company
TDK, Murata Manufacturing, Delta Electronics, YAGEO, Taiyo Yuden, Panasonic, Vishay, DARFON, Coilcraft, Shenzhen Sunlord Electronics, Sumida, Shenzhen Microgate Technology, Bourns, TAI-TECH Advanced Electronics, MinebeaMitsumi, SAGAMI ELEC, INPAQ Technology, Eaton, Arlitech Electronic Corp, Laird Technologies (DuPont), Trio Technology, Abracon LLC, Dongguan Mentech Optical & Magnetic, Viking Tech Corporation, Futuristic Technic Electronics, KING CORE
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