Press release
Wire-winding Power Inductors Market Accelerates with Growing Demand in Automotive and Consumer Electronics
Wire-winding Power Inductors Market SizeThe global market for Wire-winding Power Inductors was estimated to be worth US$ 1752 million in 2023 and is forecast to a readjusted size of US$ 2229.5 million by 2030 with a CAGR of 4.5% during the forecast period 2024-2030
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Increasing Demand for Electronics: The growing demand for electronic devices, including smartphones, tablets, wearable devices, automotive electronics, and industrial equipment, drives the demand for inductors. Inductors are crucial components in electronic circuits, providing energy storage, noise filtering, and electromagnetic interference (EMI) suppression. As the electronics industry continues to expand, the demand for inductors grows.
Internet of Things (IoT) and Smart Devices: The proliferation of IoT devices and the development of smart technologies are driving the demand for inductors. IoT devices rely on miniaturized and energy-efficient components, including inductors, to enable wireless connectivity, sensing, and data processing. The increasing integration of IoT devices in various sectors, such as home automation, healthcare, and industrial automation, contributes to the demand for inductors.
Automotive Industry Growth: The automotive industry is experiencing significant growth, driven by factors such as the increasing demand for electric and hybrid vehicles, advanced driver-assistance systems (ADAS), and in-vehicle electronics. Inductors are essential components in automotive electronics, used in applications like motor drives, powertrain systems, and infotainment systems. The expansion of the automotive industry and the growing electrification trend fuel the demand for inductors.
5G Network Deployment: The global deployment of 5G networks requires the development of advanced communication infrastructure. Inductors are used in 5G base stations, network equipment, and mobile devices for signal filtering, impedance matching, and RF energy storage. The rollout of 5G networks and the increasing demand for high-speed wireless communication drive the demand for inductors.
Market Trends
Miniaturization and High-Frequency Applications: The trend towards miniaturization of electronic devices and the increasing demand for high-frequency applications drive the need for smaller and more efficient inductors. Manufacturers are developing compact inductors with higher inductance values and improved performance characteristics to meet the requirements of miniaturized electronic devices and high-frequency circuits.
Increased Power Density: As electronic devices become more powerful and compact, there is a growing demand for inductors with higher power density. Power density refers to the amount of power that can be handled by a given volume or surface area. Manufacturers are focusing on developing inductors with low resistance, high current-carrying capabilities, and improved thermal management to meet the increasing power requirements of advanced electronic systems.
Increasing Demand for Automotive and Industrial Applications: The automotive and industrial sectors require inductors with high reliability, robustness, and extended operating temperature ranges. The automotive industry, in particular, is experiencing a surge in electronic content, driven by trends such as electrification, autonomous driving, and advanced driver-assistance systems (ADAS). The demand for inductors in automotive and industrial applications is expected to grow significantly in response to these trends.
By Type
• Ceramic Core Wire-winding Power Inductor
• Magnetic Core Wire-winding Power Inductor
By Application
• Automotive Electronics
• Communications
• Consumer Electronics
• Computer
Key Companies
TDK, Murata, YAGEO, Delta Electronics, Taiyo Yuden, Sunlord Electronics, Samsung Electro-Mechanics, Vishay, Sumida, Sagami Elec, Coilcraft, Panasonic, Shenzhen Microgate Technology, MinebeaMitsumi, Laird Technologies, KYOCERA AVX, Bel Fuse, Littelfuse, Würth Elektronik, INPAQ, Zhenhua Fu Electronics, Fenghua Advanced, API Delevan (Regal Rexnord), Ice Components
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