The global inductors market size was valued at USD 3.9 billion in 2020 and is estimated to surpass USD 6.1 billion by 2028, expanding at a CAGR of 4.4% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing adoption of consumer electronics and growing demand for inductors in power applications due to their wide usage as energy storage devices.
Inductors are conducting wire which stores magnetic energy, and this magnetic energy is obtained from the magnetic field generated from the current in the coil. Based on the voltage applied to it, these inductors measure change in the current. The amount of magnetic energy that the inductor can stored, the relationship between voltage applied and the increase in the current that it causes, gives us the inductance of the inductor. Direct Current as well as Alternating Current can be passed through the coil of the inductor. Various results can be obtained by just changing the coil that is wrapped the core.
When Direct Current is passed through the coil, then it generates magnetic field around the inductor but when Alternating Current is passed through the coil, it creates magnetic field that changes state as AC signals keep changing between positive and negative charge. Inductors are used in tuning circuits and sensors. They are used induction motors as well as transformers. Inductors are used in electronics devices and areas such as voltage stabilization, signal controlling, noise elimination, automobile operations, power electronic equipment’s, and many more devices.
The report on the global inductor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Inductor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Fixed inductors, RF Inductors, Coupled Inductors, Wire Wound Inductors, Multi-layered Inductors, Power Inductors, Variable Inductors, And Others), Core Types (Air Core, Laminated Core, Ceramic Core, And Ferromagnetic Core), Applications (Filters, Sensors, Transformers, Motors, Energy Storage Components, and Others), End-Users (Semiconductors, Telecommunications, Healthcare, Industrial, Military and Defense, Consumer Electronics, Automotive, Power Transmission and Distribution, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Panasonic Corporation, ABC Taiwan Electronics Corporation, Pulse Electronics Corporation, Coilcraft, Inc., Shenzhen Sunlord Electronics Co., Ltd., Bourns, Inc., Sumida Corporation., Ice Components, Inc., API Delevan, Inc., Caddell- Burns Manufacturing Co., Inc., Datatronic Distribution, Inc., Houston Transformer Company, and AVX Corporation, TDK Corporation, Murata Manufacturing Co., Ltd., Vishay Intertechnology Inc., Taiyo Yuden Co., Ltd., Chilisin Electronics Corp., Delta Electronics, Inc. |
Based on types, the inductor market is segmented into fixed inductors, RF inductors, coupled inductors, wire wound inductors, multi-layered inductors, power inductors, variable inductors, and others. The wire wound inductors segment is anticipated to account for major market share during the forecast period due to their relatively less manufacturing costs in comparison to other types of inductors.
Wire wound inductors have high inductance value and have a core made up of magnetic metals such as, iron or ferrite with wire wound around it. They block unwanted radio frequencies which can interfere with audio sound quality and disrupt electrical circuits. Hence, wire wound inductors are typically found in car audio systems, electronic control units (ECUs), and electronic equipment used in communications infrastructures and mobile base stations. All these factors are projected to drive the segment expansion at a significant CAGR during the forecast period.
Based on core types, the inductor market is segregated into air core, laminated core, ceramic core, and ferromagnetic core. The ferromagnetic core segment is expected to exhibit high CAGR owing to its high resistance characteristics in comparison to other inductor core types and due to their large number of applications in various electronic products such as, they are used in surface acoustic wave filters and voltage-controlled oscillator circuits for telecommunications, computers, hard disks, and others.
Based on applications, the inductor market is segmented into filters, sensors, transformers, motors, energy storage components, and others. Sensors segment to expand at a significant rate in the coming years owing to their high demand in electronics sector. Filters are the electronic devices which are used to limit frequency of the input signal entering to a circuit.
Based on end-users, the inductor market is segregated into semiconductors, telecommunications, healthcare, industrial, military and defense, consumer electronics, automotive, power transmission and distribution, and others. The consumer electronics segment is projected to constitute for major market share during the forecast period. The segment growth is attributed to increasing demand for consumer electronics across the world, such as computers and laptops, smartphones, tablets, portable gaming consoles, and set-up boxes.
On the basis of regions, the inductor market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to affordable supply chain, raw material cost, inexpensive labor, and emergence of various developing economies such as India, China, Vietnam, and Indonesia.
Key players competing in the inductor market include Panasonic Corporation, ABC Taiwan Electronics Corporation, Pulse Electronics Corporation, Coilcraft, Inc., Shenzhen Sunlord Electronics Co., Ltd., Bourns, Inc., Sumida Corporation., Ice Components, Inc., API Delevan, Inc., Caddell- Burns Manufacturing Co., Inc., Datatronic Distribution, Inc., Houston Transformer Company, and AVX Corporation, TDK Corporation, Murata Manufacturing Co., Ltd., Vishay Intertechnology Inc., Taiyo Yuden Co., Ltd., Chilisin Electronics Corp., and Delta Electronics, Inc.
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