The 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 inductor market are the increasing demand for consumer electronics that require a large number of inductors and the rising adoption of electric vehicles.
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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.
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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.
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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