The overall inductor market is expected to grow from USD 3.01
billion in 2015 to USD 3.94 billion by 2022, at a CAGR of 3.93% between 2016
and 2022. The growth of this market is propelled by the increasing focus on new
product developments in the consumer electronics sector. The market is further
driven by the increase in demand for automotive electronics and passive
components and the advent of new technologies such as smart grids.
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There is an
intense competition in the inductor market due to the presence of a large
number of players. Some of the key players in the inductor market include TDK
Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Vishay
Intertechnology Inc. (U.S.), Taiyo Yuden Co., Ltd. (Japan), Chilisin
Electronics Corp (Taiwan), Delta Electronics, Inc. (Taiwan), Panasonic
Corporation (Japan), ABC Taiwan Electronics Corporation (Taiwan), Pulse Electronics
Corporation (U.S.), Coilcraft, Inc. (U.S.), Shenzhen Sunlord Electronics Co.,
Ltd. (China), Bourns, Inc. (U.S.), Sumida Corporation (Japan), ICE Components,
Inc. (U.S.), and AVX Corporation (U.S.), among others.
TDK
Corporation offers a broad portfolio of automotive, industrial, and medical
equipment and consumer goods. The company holds a strong position in almost all
the industries it operates and generates well-balanced revenue through all its
business segments. This provides the company with a competitive advantage. The
company has a wide geographical presence; it earns a large portion of its
revenue from APAC (almost 71% of its total revenue was generated from APAC in
2015). The company’s strategically balanced portfolio reduces business risks
and enables it to tap opportunities in new as well as existing markets. TDK
Corporation focuses on new product launches and developments to grow in the
inductor market. For instance, in December 2016, TDK Corporation extended its
portfolio of EPCOS ERU SMT power inductors by launching the ERU16 choke series,
comprising ten different types of power inductors.
Murata
Manufacturing Co., Ltd. is a leading manufacturer of ceramic passive components
such as inductors, capacitors, filters, resistors, transformers, and sensors,
among others. Owing to its strong focus on R&D, the company has developed
high-performance chip inductors with features such as compact size and so on.
It has manufactured one of the world's smallest (0.25 mm x 0.125 mm) chip
inductor. The inductor’s unique coil and case structures offer low DC
resistance and outstanding high-frequency characteristics. Murata Manufacturing
offers a variety of products for diverse applications to meet the requirements
of original equipment manufacturers (OEMs).
The company, in close cooperation
with its customers and other stakeholders, contributes to the advancement of
the society and the electronics industry by developing innovative products and
solutions. It aims to become the leader in the electronics industry through
constant innovation. The company focuses on acquiring other semiconductor
companies to incorporate state-of-the art technologies in its products. For
instance, as of 2016 and 2014, it has acquired companies such as IPDiA and
Peregrine Semiconductor Corporation, respectively.
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