Inductor Market Overview

“The Global Inductor Market is expected to grow rapidly at a 6.15% CAGR consequently, it will grow from its existing size of from $13.80 billion in 2023 to $23.10 billion by 2030.”

Inductors as with resistors and conductors, are basic components used for electronic equipment to perform specific tasks. In general, they are coil-like structures found inside electronic circuits. Inductors are wires that have been insulated which is wrapped over the center core.

Inductors are used to control or reduce the electric surges by storing energy for a short period within an electromagnetic field before releasing it to the circuit.

What Is an Inductor?

Inductors are an inductor that is employed in the majority of electronic power circuits for storing energy as magnetic energy whenever electrical energy is applied. One of the main characteristics for an inductor lies in the fact they block or blocks any alteration in the quantity of electricity flowing through it. If the current flowing through the inductor alters the inductor either absorbs charge or loses it in order to even out the flow of current through it. Inductors are also known as a choke, reactor, or simply an inductor.

An inductor is defined by its unique characteristic inductance. It is the ratio of voltage to the change in current. Inductance is the result of the magnetic field created by the coil. It is also influenced by various variables, including

• The coil's shape.
• the number of layers and turns of wire.
• The space between turns.
• Permeability of the base material.
• The dimension of its core.

The SI unit for inductance is known as henry (H) and, when measuring magnetic circuits, it's comparable to weber/ampere. It is identified using the symbol "L.

In addition, an inductor is completely different from capacitors. For a capacitor it stores energy in the form of electrical energy. But like I said inductors store energy by way that of magnets. The most significant characteristic of the inductor is the fact that it alters its polarity when it is charging. So, it is possible to change the polarity when discharging. reversed in charging. It is the opposite of the inducing voltage is explained well by the law of Lenz.

Inductors are passive electrical component with two terminals that stores energy within a magnetic field whenever electric current is flowing through it. Inductors are extensively employed to store energy in a variety of switched-mode power sources to generate DC (direct direct current).

Inductors are mostly used as filters that reduce the amount of disturbance in electronic circuits. They also are used in transmission systems for electrical use which restrict fault and switching currents.

Growing production and the use of electronic devices across the globe as a result of the rapid digitization process are anticipated to increase the development of the market for inductor throughout the forecast period.

The latest technologies are in high demand and numerous devices are electrified across different areas. The demand for different components for electronic devices is expected to increase as technology for electrification advances.

One of the primary factors that drive demand for inductors that are used to convert power is the increasing popularity of electronic power sources. Furthermore, a substantial rise in the usage of electronic-controlled equipment, like automated machines that have computer numerical control across a variety of industries is anticipated to increase the demand for inductors worldwide. market.

In the same way, the market for inductor is expected to expand dramatically in the coming ten years due to the increasing automation of various end-use sectors, including those in the consumer electronics, automotive and the energy sector.

In the present, the inductor market is estimated to hold around 15% of the total passive component market, and it is expected to continue growing due to the rapid growth of digitalization, as well as the rising the popularity of electric automobiles.

The region is abounding. East Asia, spearheaded by China is developing into the most lucrative market for inductor due to the rapid expansion of automotive and consumer electronics industries, the favorable support of the government as well as the easy access to raw materials.

In recent times China's economy has grown in a steady manner, fueled by a boom in exports. For the East Asia region, China is the most prominent nation in exports electronics components. China's share of global production of electronic circuits is approximately 32.9 percent, which is well ahead of other manufacturing hubs.

Demand Outlook

The trend towards electrification been growing across various industries like automotive at a rapid rate over the last couple of years and is set to grow even more in the forecast period because of the rising cost of fuel. This is providing an important incentive to the expansion of the market for inductor.

Inductors, that are utilized for electric cars, offer reduced resistance, increased quality of saturation and constant stability across the range of temperatures. They enhance the performance and economics by reducing energy loss and preventing self-heating.

Demand for electronic components, like inductors, is predicted to increase due to the rapid technology in the area of mobility and a shift in consumers' preference towards electric vehicles.

In the same way, the increasing use of inductors used in medical devices, consumer electronics and military & defense equipment is anticipated to increase sales in the worldwide inductor market over the forecast time.

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Market Dynamics

Growth Drivers

Electronic products for consumers are evolving and developing more often.

Consumer electronics is a thriving sector that is evolving rapidly due to the increasing number of competition in the market, and revolutionary technological advances. The specifications and quality of electronic devices for consumers are improving due to these technological advances and advancements. Furthermore, they are predicted to increase the number of inductors that are used in the electronics industry for consumers.

Because of their tiny dimensions, power inductors' their high current capacity and their favorable DC characteristics are employed extensively in consumer electronic. The industry of consumer electronics utilizes different types of inductor like air-core inductors and RF inductors, as well as multi-layered inductors. The use of inductors has been driven by the manufacturers' greater attention to new technologies as well as the increasing popularity of important emerging technologies such as the Internet of Things (loT) and artificial intelligence (AI). The growing inductor market has been driven by the introduction of network technology like GSM, LTE, 3G 4G, 5G and 3G in many electronic devices.

Trends

Rapid Digitalization and Miniaturization of Electronics to Boost Market Through 2030

A growing demand for smaller electronic devices like tablets and mobile phones has boosted demand for electronic components like inductors. Factors like reduced size of the device, lighter weight, and better device performance are increasing the demand for thin-film inductors across a range of applications.

Because of their small size they are thermally resistant and stable and help in reducing noise from electrical sources. Growing disposable incomes and a shifting consumer preferences towards lighter and smaller-sized devices for communication are causing manufacturers to focus on creating semiconductor devices that have tiny, high-efficiency components.

The demand for tiny electronic components is rising because of the rapid growth in digitalization as well as the increasing use of automation. Therefore, the expansion of the market for inductor components will be driven by the rapid expansion of the electronics market and the decline of modern electronic gadgets, the growing demand for electric cars and the increasing use of modern technology in cars.

Restraint

The cost fluctuation, and in particular of copper

Due to the characteristics of large electrical connectivity and substantial power loss, inductors are generally made of copper, iron and ferrite. Copper has superior thermal and mechanical properties, which is the reason copper coils are utilized. Inductors are made frequently utilizes this as a raw material.

The thickness of the copper line must be reduced at a minimum and the pattern density of the metal should be as uniform as it is possible to produce inductors. Any issues with the mining process of a particular region can have a significant impact on the prices of copper globally. Natural disasters like land slides and floods are commonplace in mining areas and are also a frequent cause of strike strikes by mine workers. Season, weather tensions, political instability, and transportation issues can affect the supply of copper in the region and increase prices.

Opportunity

The use in electric cars

Producing automobiles that are electric has grown dramatically in recent years, and is expected to do even more in the future. The pace of development in electronic vehicles has also risen dramatically. With more people driving electric vehicles, advanced driver assistance systems and connected vehicles are expected to become more widespread and will increase the use of electronics.

A number of major automakers and emerging automakers have boosted the amount of electric vehicle production to meet increasing environmental regulations which are expected to raise the demand to use passive elements. They electric vehicles operate on LoT and Al, and are equipped with the latest technology. In the near future it is expected that the demand for inductors will increase as electric vehicles are more popular.

Challenge

Complexity growing because of the diminution of inductors

The size of these devices is decreasing, and the equivalent functions are also getting better. The design of mobile devices that provide complex, sophisticated functions is constantly changing. Thicker and smaller shapes are needed in these types of devices such as wristband-style smartwatches and smartwatches and other loT devices, such as sensors network devices. These devices also require powerful power supply circuits to ensure longer operating time.

Wearables such as smartwatches are becoming smaller and thinner. This has led to a rise in the use of multi-core processors and speedier processors to provide greater performance. This allows every component, including the inductors to shrink. This is why it's important to shrink the dimensions of multi-layered chip inductors while ensuring their high Q ratings. But, ensuring that tolerances are maintained and long-term reliability becomes more difficult as the feature size shrink.

PDAs wireless handsets and various other electronic devices that are portable are becoming smaller and more difficult to make use of. In the end, they pose design challenges due to the fact that the original intended power and DC resistance have to remain constant as the inductor's dimensions are diminished.

It becomes harder to ensure long-term reliability and tolerances to dimensionality as the size of features decreases.

Inductor Market Segment Analysis

Type Insights

A variety of stacked coils wrapped around the core form multilayer inductors. They have a high inductance due to the fact that there are multiple different layers of insulation separated from them, which increases the demands for this product according to various applications and boosts selling prices of this product.

Inductance Insights

Inductors will be increasingly utilized to make automotive electronic components and the demand for electronic components with passive characteristics will increase rapidly. However this market will see slow growth due to issues such as inconsistent price of raw materials shifts. Variable inductors' benefits of small and lightweight size have helped them gain popularity in radios and televisions. This has opened the possibility of a new application for them, and could lead to new opportunities in the market.

It is a Fixed Inductor is an electronic component that is passive to store energy in magnetic fields. The turns are held in their position because of the manner in which the coils wind within the inductor fixed.

To distinguish different frequencies fixed inductors are utilized for electronic filters. They are also paired with capacitors to make tuned circuits which tune TV receivers as well as radios. They are employed in a variety of industries that include power and military & defence and automotive industry electronics, consumer electronics, as well as Radio Frequency & Telecommunication.

Core Type Insights

Air core and iron core inductors are operating at a lower frequency, with higher losses, and lower inductance. They also possess high permeability, constant value and a high inductance. These are ferrite-core inductors. This is why the ferrite core inductors are extensively used and considered the best solution to solve this problem.

Application Insights

The increasing popularity of hybrid and battery-powered technology in the automotive sector could be used to justify the need for power inductors as these developments will require more ECUs. Power inductors' superb packaging and saturation characteristics are perfect for the rising need in powertrain tech.

Mobile phones, computers and other telecommunications equipment can make use of the new power inductors that are part of the Lmax series. The demand for power inductors is expected to grow because of their many applications in a variety of industries.

In general circuits, different types of inductors are used. Oscillators and filters are typical components of circuits. Automotive audio system, navigation systems, as well as devices for body control like power windows and wipers are other examples of circuits that are general in nature. Circuit filters for analog and signal processing filters are typically comprised of resistors, inductors and capacitors.

Inductors alone can serve as a low-pass filter since its impedance increases as the frequency of a signal rises. Combining capacitors and inductors could be used to make oscillators. In the case of an LC oscillator is among the most well-known oscillator types which produce a continuous waveform. Since they are easy to use and feature outstanding phase noise characteristics, LC oscillators are frequently employed for radio frequency circuits.

End User Insights

Automotive inductors are built from coils with two terminals over which flux is carried. Inductive currents are a result of the flux density that flows through the coil. The current is created through the coil because of flux moving through it, which causes to drop the voltage in the vicinity of the coil. One of the major factors that drive the market growth on automotive inductors' is the current control feature, which helps stabilize the electric circuits of cars.

The development of top-quality inductors which can operate in harsh temperatures without enduring significant downtime is a significant advancement in the marketplace for automotive inductors. This means that the market for automotive-grade induction is expected to grow rapidly. This will increase the productivity of the parts used in vehicles.

Competitive Landscape of the Inductor Market

• TOKIN Corporation
• Pulse Electronics Corporation
• Texas Instruments Incorporated
• Shenzhen Sunlord Electronics Co., Ltd.
• Sumida Corporation.
• Gowanda Electronics
• Ourns, Inc.
• Ice Components, Inc.
• KEMET
• AVX Corporation
• Murata Manufacturing Co., Ltd.
• TDK Corporation
• SANYO Electric Co., Ltd.
• Vishay Intertechnonogy Inc.
• Chilisin Electronics Corp.
• Houston Transformer Company, Ltd.
• Taiyo Yuden Co., Ltd.
• TT Electronics
• Delta Electronics, Inc.
• ABC Taiwan Electronics Corporation
• Panasonic Corporation
• Coilcraft, Inc.

Recent Developments in Inductor Market

September 05, 2023: Würth Elektronik Launches New Line of PFC Inductors

September 3, 2023: DISCOVER FASTRON’S NEW 0603AQC WIRE WOUND CHIP INDUCTOR SERIES!

In April 2022, Murata announced the availability of the DFE32CAH_R0 series of metal power inductors for high-temperature applications of up to 150 °C. These new products support large currents by optimizing the internal coil structure design and utilizing original metal materials.

In March 2022, TDK Corporation introduced a new series of shielded SMT power inductors, optimized for high saturation currents and low DC resistance.

February 2022- With the addition of two new automotive-grade high current shielded inductors series, Bourns Inc. increased the mechanical resistance for challenging vibration application environments. Shielded inductors of the Model SRP1038WA and SRP1265WA series feature a wider side terminal lead frame that can withstand peak vibrations. The two series offered a small package, an extensive operating temperature range of -55 to + 165 °C, a high saturation current, a low buzz noise, a low DC, a low DC resistance, resistance, and excellent temperature stability. These inductors are perfect for power management and EMI filtering in a variety of consumer, automotive, industrial, and telecom electronics applications.

August 2021- A brand-new line of chip inductors with a high Q value and a small size was unveiled by Bourns Inc. In comparison to multilayer or film technology, the CWF1610 and CWF2414 chip inductors' wire wound construction improved their performance characteristics for DC power line applications and RF signal processing.

July 2021 - Panasonic Corporation joined Mori Building Company, Limited to build a virtual private network consisting of a private telephone network using sXGP*1 base stations, a private 4G (LTE) standard using unlicensed frequency bands, with a 5G core network (hereinafter referred to as "5G core") and a public LTE network, and conducted a demonstration experiment with the purpose of developing new services for building tenants and facilities, and off-site environments.

July 2021 – AVX Corporation, a leading manufacturer and supplier of advanced electronic components and interconnect, sensor, control, and antenna solutions, has launched a superlative new series of standard and custom supercapacitors engineered to provide peak performance in an array of SWaP-optimized, battery-powered products. The new SCP Series PrizmaCap supercapacitors have the widest operating temperature range of any supercapacitor technology currently available on the market (-55°C to +90°C), the highest capacitance (3.5–15F).

June 2020- In order to meet the high demand for inductor for notebooks and 5G smartphones, Chilisin Electronics Corp (VAGEO Corporation) increased capacity. With regard to small-size moulding chokes, the company has increased capacity to 600 million units, and also for large-size ones, to 300 million units. Additionally, the business intends to increase its monthly production of LTCC (Low Temperature Co-Fired Ceramic) components by half, to 200 million units.+

Regional Insights

What Makes the USA a Prominent Inductor Market?

Booming Consumer Electronics Sector Driving the USA Inductor Market

The USA has around 78.5 percent market share in the North American inductor market and it is projected to grow by 5.2 percent CAGR during the forecast time. The rapid growth of the electronic and automotive industries, growing adoption of new technologies, and the presence of top manufacturers are among the major factors that drive this USA market for inductor.

In the USA the consumer electronics industry is an extremely dynamic field that is constantly evolving technological advances and new innovations in consumer electronics. The usage of inductors is growing in popularity to deliver low DCR properties and huge currents. This is why the increasing demands for electronic wearables as well as an increasing demand for automation technology across various sectors are expected to increase the demand for the market of inductors for the next few years.

In the same way, similarly, the USA market is anticipated to grow gradually over the forecast time because of the introduction of innovative products that include most of the country's most prominent firms.

How Will Growth Unfold in the Germany Inductor Market?

Growing Popularity of Electric Vehicles to Boost Inductor Market in Germany

The market for inductor products in Germany is expected to grow at a hefty CAGR of 6.4 percent over the period of forecast.

The growing use of inductors in the booming industrial and automotive industries is one of the main factors driving the development in the German inductor sector.

German companies are making inductors that will boost the electronics equipment sector. As it shifts to a new mix of energy the German electrical transmission system has a lot of work to do. The presence of major electric vehicle automobile companies within the sector is expected to boost market growth in the coming years.

Why is the Demand for Inductors Rising Rapidly Across China?

Rising Export of Electronic Products Igniting Sales in China

With the growth of the automotive, electrical electronics and automotive industries China is rapidly becoming one of the fastest growing inductor markets throughout the world. FMI forecasts that the China inductor market will surpass revenue at $715 Million in 2030.

Rapid economic growth, rapid urbanization and the growing population are increasing the need to build infrastructure in China. China has grown to become the world's biggest manufacturer of a variety of electronic gadgets like DVDs with color, TVs with color, and mobile phones. China also has an industry that is at the forefront of semiconductor technology.

Foreign investors have shown an interest in China's sector of electronic infrastructure. China is home to the largest number of people without power because of its huge population. It is believed that the Chinese government is currently focusing on improving the state electricity companies which has led to an increase in the power infrastructure to enable rural residents. It is expected to drive sales of inductors over the forecast time.

Additionally, the growth in the exports of electronic goods plays a significant part in the expansion of the market for inductor. In the World Population Review, China exported an estimated $2.72 trillion worth of services and goods mostly electronic equipment and machines such as broadcast equipment, computers computer systems, computer integrated circuits (ICs), office machine components telephones, and so on.

Segments Covered in the Inductor Market

Inductor Market By Type

• Multilayered
• Film Type  
• Molded
• Wire Wound 

Inductor Market By Inductance

• Variable Inductors
• Fixed Inductors 

Inductor Market By Core Type

• Iron Core
• Ferromagnetic Or Ferrite Core 
• Air Core

Inductor Market By Application

• Power Applications 
• General Circuits 
• High-Frequency Applications

Inductor Market By End User

• Transmission And Distribution
• Automotive
• Military And Defense
• Consumer Electronics
• Industrial 
• RF And Telecommunication

Inductor Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Frequently Asked Questions:

What is the size of inductor market?

Global Inductor Market is expected to grow rapidly at a 6.15% CAGR consequently, it will grow from its existing size of from $13.80 billion in 2023 to $23.10 billion by 2030.

Who are the prominent players operating in the inductor market?

The major players operating in the inductor market are Murata Manufacturing Co., Ltd., TDK Corporation, SANYO Electric Co., Ltd., Vishay Intertechnonogy Inc., Chilisin Electronics Corp., Houston Transformer Company, Ltd., Taiyo Yuden Co., Ltd., TT Electronics, Delta Electronics, Inc., ABC Taiwan Electronics Corporation, Panasonic Corporation, Coilcraft, Inc., TOKIN Corporation, Pulse Electronics Corporation, Texas Instruments Incorporated, Shenzhen Sunlord Electronics Co., Ltd. and others.

Which are the driving factors of the inductor market?

The driving factors of the inductor market are the consumer electronic products are developing and innovating more frequently.

Which region will lead the global inductor market?

Asia-Pacific region will lead the global inductor market during the forecast period 2023 to 2030.