1. What is the projected Compound Annual Growth Rate (CAGR) of the Inductors Market?
The projected CAGR is approximately 6.9%.
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Inductors Market by Type of Inductor (Air core inductors, Ferrite core inductors, Iron core inductors, Toroidal core inductors, Multilayer inductors, Variable inductors), by Material (Ferrite, Iron, Powdered iron, Ceramic, Air, Laminated steel, Others), by Mounting Type (Surface mount inductors (SMD), Through-hole inductors, Chassis mount inductors), by Size/Form Factor (Miniature, Standard, Large), by Application (Power inductors, RF inductors, Coupled inductors, Multilayer inductors, Other specialized inductors), by End-use Industry (Consumer electronics, Automotive, Industrial, Telecommunications, Aerospace and defense, Healthcare, Energy and power, Others), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia), by Latin America (Brazil, Mexico), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033
The size of the Inductors Market was valued at USD 6 Billion in 2024 and is projected to reach USD 9.57 Billion by 2033, with an expected CAGR of 6.9% during the forecast period. The Inductors Market centers on the creation and use of inductive elements designed to store electrical energy within a magnetic field. Inductors find common application in numerous electronic devices and systems, such as power supplies, filters, transformers, wireless charging, and signal processing. They are vital in regulating electrical currents, minimizing noise, and preserving signal integrity in power management applications. The market is fueled by the rising need for electronic gadgets like smartphones, computers, automotive electronics, and industrial machinery, all of which depend on inductors for peak performance. Moreover, the increasing prevalence of technologies such as electric vehicles (EVs), renewable energy solutions, and IoT is boosting the demand for inductive components. Improvements in inductor design, materials, and miniaturization are enhancing their efficiency, performance, and energy storage abilities, leading to market expansion. As sectors increasingly embrace advanced electronics and energy-saving technologies, the Inductors Market is projected to witness significant expansion, fueled by advancements in power management and energy storage systems.
The inductors market is highly fragmented with a large number of small and medium-sized players. The market is also characterized by the presence of a few large players who hold a significant market share. The key players in the market include Murata Manufacturing Co., Ltd., TDK Corporation, Taiyo Yuden Co., Ltd., Vishay Intertechnology, Inc., and Coilcraft, Inc. The leading players in the market are focused on expanding their product portfolio and geographic reach. The market is also witnessing a trend towards consolidation, with the larger players acquiring smaller players to increase their market share.
Miniaturization: The demand for smaller and more efficient inductors is driving the development of new technologies and materials. This is especially important in applications such as mobile devices and wearable electronics.
Increased Demand for Power Inductors: The growing adoption of electric vehicles and renewable energy sources is driving the demand for power inductors. These inductors are used in power conversion and filtering applications.
Integration of Inductors: The integration of inductors with other components, such as capacitors and resistors, is becoming increasingly common. This helps to reduce the size and cost of electronic devices.
North America: North America is the largest market for inductors, followed by Europe and Asia Pacific. Power Inductors: Power inductors are the largest segment in the inductors market, followed by RF inductors and coupled inductors. Consumer Electronics: The consumer electronics segment is the largest end-use industry for inductors, followed by the automotive and industrial sectors.
Market Size: The report provides a detailed analysis of the global inductors market size. The report also includes a forecast of the market size for the period from 2023 to 2030.
Market Share: The report provides a detailed analysis of the market share of the key players in the inductors market.
Market Trends: The report provides a detailed analysis of the key market trends in the inductors market.
Competitive Landscape: The report provides a detailed analysis of the competitive landscape in the inductors market.
Key Insights: The report provides a detailed analysis of the key insights in the inductors market.
The inductors market is expected to grow at a CAGR of 6.9% during the forecast period. The growth is expected to be driven by increasing demand from the consumer electronics, automotive, and industrial sectors. The market for inductors is expected to be driven by the growing adoption of electric vehicles, renewable energy sources, and wireless power transmission technology.
North America
Europe
Asia Pacific
Latin America
MEA
In January 2024, TDK Corporation launched the KLZ2012-A series of multilayer inductors designed for automotive A2B applications, supporting temperatures up to 150 °C. These inductors feature high durability against mechanical stress and thermal shocks due to a conductive resin external electrode. In February 2024, Bourns, Inc. launched the SRR5228A and SRR5828A Series Shielded Power Inductors, designed for automotive applications. These AEC-Q200 compliant inductors feature a ferrite core and shield, minimizing magnetic field radiation. With inductance up to 1000 μH and heating current of 5.2 A, they operate within -40 °C to +150 °C. The inductors are available now, RoHS compliant and halogen-free. In June 2024, Sumida launched new power inductors specifically designed for on-board chargers. These inductors offer enhanced efficiency and performance, catering to the growing demand for electric vehicles and their charging infrastructure. The innovative design supports faster charging capabilities while ensuring reliability and thermal management in automotive applications.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.9% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.9%.
Key companies in the market include Murata Manufacturing Co., Ltd., TDK Corporation, Taiyo Yuden Co., Ltd., Vishay Intertechnology, Inc., Coilcraft, Inc., Laird Performance Materials, Sumida Corporation, KYOCERA AVX Components Corporation., KEMET Corporation, Bourns, Inc., Chilisin Electronics Corp., Delta Electronics, Inc., Samsung Electro-Mechanics, Würth Elektronik GmbH & Co. KG, Panasonic Corporation.
The market segments include Type of Inductor, Material, Mounting Type, Size/Form Factor, Application, End-use Industry.
The market size is estimated to be USD 6 Billion as of 2022.
Rising demand for consumer electronics. Growth of Electric Vehicles (EVs). Advancements in industrial automation. Expanding telecommunications infrastructure. Growing focus on renewable energy sources.
N/A
Increasing competition from alternative technologies. Supply chain disruptions and material shortages.
In January 2024, TDK Corporation launched the KLZ2012-A series of multilayer inductors designed for automotive A2B applications, supporting temperatures up to 150 °C. These inductors feature high durability against mechanical stress and thermal shocks due to a conductive resin external electrode.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Inductors Market," which aids in identifying and referencing the specific market segment covered.
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