In the current landscape, the global inductor market is witnessing substantial growth, characterized by a noteworthy year-on-year increase of 5.6% in 2022. This surge propels the market's estimated value to surpass US$ 11,862.1 million by the year's end. Fueled by optimistic projections for sustained expansion, the market is strategically positioned to maintain a robust Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032, aiming for an impressive market valuation of US$ 21,417.5 million by 2032.
Inductors, as intrinsic two-terminal electrical components, play a pivotal role in storing energy within electrical circuits. Their ability to harness energy in a magnetic field when an electric current passes through them underscores their critical significance. Applied widely in various scenarios, with a particular emphasis on their indispensable role in switched-mode power supplies, inductors serve as key players in the conversion and regulation of electrical energy, ultimately generating direct current (DC).
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Key Takeaways:
- Heightened demand for inductors in the mobility sector will foster market growth.
- Accounting for 79.7% of the market share in North America, the U.S inductor market will grow at 5.4% CAGR.
- The sales of the inductor market in Germany will grow 2x by 2032, generating US$ 932.1 Mn in revenue.
- China's inductor market will exceed revenue worth US$ 795.5 Mn by 2032.
- By core type, the air segment will create an opportunity of US$ 5143.5 Mn during the forecast period.
- Based on technique, the surface mount technology will hold 60% of the global market share.
"Rapid digitalization taking place all over the globe coupled with the miniaturization of electronics will likely supplement the global growth of the inductor market over the forecast period," says an FMI analyst.
More Insights into Inductor Market Report:
In its latest report, FMI offers an unbiased analysis of the global inductor market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of inductance type (fixed inductors, variable inductors), type (film type, multi-layered, wire wound, molded), core type (air core, ferrite core, iron core), mounting technique (surface mount, through hole), application (automotive, industrial, RF, telecommunications & high-frequency applications, military and defense, consumer electronics, power generation, transmission and distributions, healthcare), and region.
According to the latest FMI reports, based on segmentation, the air core type inductors are anticipated to be the fastest growing segment, creating a growth opportunity of US$ 5143.5 Mn during the forecast period. In terms of mounting technique, the surface mount technology will continue to maintain its popularity, holding over 60% of the global inductor market share during 2022-2032.
Based on region, the inductor market in the United States is expected to exhibit substantial growth during 2022-2032. The U.S inductor market accounts for 79.7% of the market share in North America and is set to expand at a CAGR of 5.4%. The advancing automotive and consumer electronics sectors, the rising adoption of advanced technologies, as well as the strong presence of major market players are accountable for the target market growth in this country. In addition to the U.S., China and Germany, too, will demonstrate notable market growth during the forecast period.
Competitive Landscape:
Murata Manufacturing, TDK Corporation, Vishay Intertechnology, Taiyo Yuden Co., Ltd., Chilisin, Delta Electronics, Panasonic, ABC Taiwan Electronics, Pulse Electronics, Coilcraft, Shenzhen Sunlord Electronics, Bourns Inc., ICE Components, Inc., Kyocera Corp AVX, Bel Fuse Inc., Wurth Elektronik, TE Connectivity, Samsung Electro Mechanics Co. Ltd., among others are some of the major players in the inductor market profiled in the full version of the report.
Leading market players are focusing on tactics like mergers, acquisitions, and expansion of their operations to strengthen their supply chain. These enterprises are also studying, developing, and releasing new products into the market.
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Global Inductor Market By Category:
By Inductance Type:
- Fixed Inductors
- Variable Inductors
By Type:
- Film Type
- Multi-Layered
- Wire Wound
- Molded
By Core Type:
- Air Core
- Ferrite Core
- Iron Core
By Mounting Technique:
- Surface Mount
- Through Hole
By Application:
- Automotive
- Industrial
- RF, Telecommunications & High Frequency Applications
- Military and Defense
- Consumer Electronics
- Power Generation, Transmission and Distributions
- Healthcare
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
Read More: https://www.futuremarketinsights.com/reports/inductor-market
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