The global inductor market 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 market are the increasing demand for consumer electronics that require a large number of inductors and the rising adoption of electric vehicles.
Key Market Players
Major players in the inductor market are Murata
Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN
(Japan), and Chilisin (Taiwan).
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Wire-wound inductors are largest
contributors to inductor market, by type
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 audio sound quality and disrupt electrical circuits. Thus,
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 have the largest market share as the manufacturing cost involved is
less compared with other types of inductors and they provide a high inductance
value.
Ferrite core inductors to hold largest
market share of inductor in 2025
A ferromagnetic core uses iron or ferrite materials to increase
inductance. It offers higher resistance compared with other inductor core
types, however, it is not always reliable as it reaches its magnetic saturation
level relatively quickly when dealing with high inductance. Ferrite core
inductors are used in surface acoustic wave (SAW) filters and
voltage-controlled oscillator (VCO) circuits for telecommunication, hard disks,
notebook computers, and other electronic equipment. Several applications
associated with ferrite core inductors are broadband transformers, noise
filters, power transformers, converter and inverter transformers, and others.
Multilayered ferrite inductors are used in various electronic devices such as
CD-ROM, hard disks, modems, printers, computing devices such as personal
computers and converters including DC-DC converters. Due to their large number
of applications, the demand for ferrite inductors is on the rise.
Automotive is fastest-growing vertical
in inductor market and will continue to do so during forecast period
New technologies are being introduced in automobiles to reduce
emissions and have a less environmental impact. 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. 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.
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