The report “Inductor Market by
Inductance (Fixed, Variable), Type (Wire wound, Multilayered, Molded,
Film), Core Type (Air, Ferrite, Iron), Shield Type (Shielded,
Unshielded), Mounting Technique, Vertical, Application, Geography –
Global Forecast 2025″,is estimated to grow from USD 3.8 billion
in 2020 to USD 4.7 billion by 2025; at a CAGR of 4.2%. Major driving
factors of the inductor market are the increasing demand for consumer
electronics that require a large number of inductors and the rising
adoption of electric vehicles.
Browse 102 market data Tables and 45 Figures spread through 174 Pages and in-depth TOC on “Inductor Market – Global Forecast 2025”
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Fixed inductor market is fastest-growing market
Most
of the inductors used in the electronics industry are fixed inductors.
As the electronics industry is shifting toward small form factors, fixed
inductors are increasingly becoming popular, owing to their compact
design and lightweight. These inductors have coils that are wound in
such a manner that they remain fixed in a position. They are used in
filters, sensors, transformers, motors, energy storage systems, among
others. Fixed inductors can sustain in high temperatures and can operate
in extreme environments; hence, the demand for these inductors is
likely to increase in the near future.
Wire-wound inductors to hold largest share of inductor market in 2025
Wire-wound
inductors have a core made of magnetic metals such as iron or ferrite
with a wire wound around it. Unwanted radio frequencies can interfere
with the audio sound quality and disrupt electrical circuits. Hence,
wire-wound inductors are used as they can block or filter radio
frequencies. They are typically found in car audio systems and
electronic control units (ECUs) and also in electronic equipment used in
communication infrastructures and mobile base stations. They are mainly
used in the high-frequency circuits of mobile communication equipment,
such as wireless LAN, mobile phones, broadband components, RFID tags, RF
transceivers, Bluetooth, Wireless PDA, and security systems. Wire-wound
inductors are larger in size and their performance is twice than that
of multilayered inductors of the same size. Wire-wound inductors hold
the largest market share as the manufacturing cost involved is less
compared with other types of inductors and they provide a high
inductance value.
Automotive is fastest-growing vertical in inductor
Inductors,
used in automotive applications, have to operate under harsh
environmental conditions. They can be used in various applications such
as engine and transmission control units, LED drivers, HID lighting, and
noise suppression for motors. Advancements in the automotive industry
such as passenger comfort and safety, as well as environmental
considerations, require expanding electronics to accommodate the
decreasing available space. Inductors in the automotive industry are
used in applications such as EMI filtering of high-power lines and
energy storage for high-frequency DC-to-DC converters. In the automotive
sector, surface-mount power inductors are widely used. As an increasing
number of systems are becoming electrical instead of mechanical, a
large amount of current is required to be appropriately regulated and
filtered. Also, due to the adoption and increase in the manufacturing of
electric vehicles, the demand for inductors in automobiles has
significantly increased.
APAC to hold largest share of inductor market in 2025
The
growth of the inductor market in APAC is mainly driven by the growth of
the consumer electronics market in the region. APAC is witnessing
dynamic changes in terms of the adoption of new technologies across
various industries. As APAC has low labor cost, most of the inductors
are manufactured in APAC and are exported to various regions. There is
an extensive rise in the demand for power, which is increasing the need
for power management and thereby, accelerating the demand for inductors.
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Key Market Players
Key
players in the market are Murata Manufacturing (Japan), TDK (Japan),
Vishay Intertechnology (US), TAIYO YUDEN (Japan), Chilisin (Taiwan),
Delta Electronics (Taiwan), Panasonic (Japan), ABC Taiwan Electronics
(Taiwan), Pulse Electronics (US), Coilcraft (US), Shenzhen Sunlord
Electronics (China), Bourns (US), Sumida (Japan), ICE Components (US),
AVX (US), Bel Fuse (France), Falco Electronics (Mexico), GCi
Technologies (US), Würth Elektronik (Germany), and Samsung
Electro-Mechanics (South Korea).
These
players are increasingly undertaking product launches and developments,
and acquisitions, to develop and introduce new technologies and
products in the market.
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