Inductor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Inductor Market Analysis
The Inductor Market is valued at USD 11.01 billion in the current year and is expected to reach USD 14.58 billion by the end of the forecast period by registering a CAGR of 4.4% during the forecast period. Power inductors are used more frequently in consumer electronics due to their small size, high current capacity, and low DCR characteristics. Consumer electronics gadgets frequently employ RF inductors and other types of inductors. The rise of a few key emerging technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), as well as manufacturers' increased attention to new technologies, have accelerated the use of inductors. Inductor industry development has also been fueled by the incorporation of network technologies, including 3G, 4G, and 5G, in different electronic products.
- Consumer electronics is a dynamic and fast-evolving industry with rising market vendor competition and game-changing technology advancements. The functionality and quality of consumer electronic device items are improving due to these technological advancements and inventions. Additionally, they are anticipated to increase the overall volume of inductors used in consumer electronics products.
- The smart home system provides a living environment that is safe, convenient, comfortable, environmentally friendly and uses less energy. One of the main components of a smart home system is the home environment control system. Other components include the home wiring system, home network system, smart home (central) control system, home lighting control system, home security system, etc. In order to achieve this, a variety of sensors must be employed to gather data, in addition to power, protection, filter, and power amplifier circuits. In each of these circuits, inductance is an essential electrical component.
- The most crucial electrical component in the filter and power amplifier circuits is inductance. Therefore, the accuracy of the current signal in the smart home system cannot be guaranteed without the inductance, and the signal transmission cannot be smooth. In short, without inductance, a smart house is impossible. Inductor producers have an opportunity as the smart home industry advances from the intermediate stage to the advanced stage.
- Copper, iron, and ferrite are the most common materials used to make inductors because of their characteristics, including excellent electrical connection and low power losses. Since copper has excellent mechanical and thermal properties, inductors are frequently made with it. Any glitch in a region's mining operations can have a big impact on copper prices worldwide. Land slips in the mining region, for example, can have an impact on copper mining and drive up costs.
- During the COVID-19 pandemic, due to the lockdown in several countries manufacturing of the component and supply chain got disrupted. Post-COVID-19, after the situation got normalized, the industry is slowly reviving. The demand for inductors has increased due to rising use in the automotive industries as well as smart city projects are also booming, which will propel the market growth during the projected period.
Inductor Market Trends
Automotive Industry Segment is Expected to Register Significant Growth
- The increase in hybrids and electric vehicles (EV-type cars) is rapidly reducing the environmental burden and increasing the number of ECUs (electronic control units), thereby leading to stronger demand for electronic components whose miniaturization and further performance improvements have been rising.
- Additionally, the popularity of electric cars is increasing. Following significant technological advancements, consumers are now more interested in plug-in electric vehicles. Plug-in automobiles are becoming more widely available and useful as a result of substantial technological advancements in both the range of electric vehicles and the availability of public charging stations. According to IEA, the total stock of electric cars stood at 16.5 billion in 2021. As a result, the growing market for these vehicles will offer further growth opportunities to power inductor manufacturers.
- Over the recent years, automobile electrification has evolved with the progress of automated driving, such as ADAS, and various electronic devices, such as vehicle-mounted cameras, radars, LiDAR, and ECU, have been installed in automobiles. However, since components are often confined to limited space, they are required to be miniaturized and must be able to withstand high temperatures. In August 2022, TDK Corporation announced the launch of the new MLJ1608WG Series of multilayer inductors. These small parts are intended for Power over Coax (PoC) installations in automobiles. The performance of automobile cameras has significantly improved as a result of the widespread adoption of advanced driver assistance systems (ADAS). As a result, there is an increasing need for interfaces with more speed and capacity. Vehicle camera systems that use LVDS transmission are employing a PoC strategy, which combines power and data transmission into a single coaxial cable.
- Furthermore, the Panasonic Corporation introduced a new power inductor in January 2022 that may be utilized in automotive applications, including autonomous driving systems and sophisticated driver support systems.
- Also, with the vision of automated driving, the lineup of reliable high-frequency inductors for safety functions is being explored in the market. Therefore, the rising trend of connected or autonomous vehicles will also offer massive opportunities for RF inductor manufacturers to expand their presence.
Asia-Pacific Region is Expected to Dominate the Market
- The demand for inductors is primarily felt in the Asia-Pacific region. China is the single largest source of demand for inductor components in the current market scenario, owing to its rapidly growing semiconductor industry and automation in the industrial sector.
- Additionally, the Asia-Pacific region is on the path to becoming the world's largest 5G region by 2025, led by pioneering 5G markets, such as Australia, China, Japan, and South Korea, according to the latest edition of GSMA's Mobile Economy report. The number of commercial 5G network launches in these markets is expected to reach 675 million by 2025, which is more than half of the total global 5G launches.
- Moreover, smart city initiatives in the region have also been on the rise, contributing to the growth of inductors in the region. Countries in the Asia-Pacific region, such as China, Japan, and South Korea, lead in terms of such initiatives. The Indian government has outlined USD 7.8 billion for the automobile and auto component sector in Production-Linked Incentive (PLI) schemes. These initiatives create a high potential for using inductors across the automotive, transportation, and energy utilities.
- Furthermore, the Asia-Pacific area has seen an increase in the production of electric vehicles. By the end of 2023, nearly 13 million electric vehicles would be produced in China, according to fka GmbH. Following this, it was anticipated that South Korea and Japan will each produce a sizable number of electric vehicles by 2023. These trends will drive the market growth during the projected period.
Inductor Industry Overview
The Inductor Market is fragmented and highly competitive due to the presence of many international and domestic players. The vendors in the market are making significant efforts to gain a higher market share by offering competitive prices, cutting-edge products, making collaborations, among others. TDK Corporation, Vishay Intertechnology Inc., Delta Electronics, Panasonic Corporation, and Pulse Electronics are a few of the key market participants.
In April 2023, TDK Corporation introduced the new sample kit with incredibly small and dependable CLT32 power inductors for power management of ADAS/AD systems. There are inductors with nine different inductance values in the sample kit, part number B82403X1, ranging from 17 nH to 440 nH. From 13.5 A to 60 A in, saturation currents are supported by their design.
In September 2022, Vishay Intertechnology, Inc. announced the addition of three new low-profile, high-current power inductors in the 0603, 0805, and 0806 compact case sizes. The Vishay Dale IHHP-0603ZH-01, IHHP-0805ZH-01, and IHHP-0806ZH-01 are designed to conserve space and improve efficiency in Internet of Things (IoT) devices and portable electronics by combining low DCR and core losses with a low maximum height of 0.8 mm. The products that were unveiled are designed to work with DC/DC converters and power supply modules for portable electronic,s including tablets, laptops, and IoT devices.
Inductor Market Leaders
TDK Corporation
Vishay Intertechnology Inc.
Panasonic Corporation
Delta Electronics
Pulse Electronics (YAGEO Company)
*Disclaimer: Major Players sorted in no particular order
Inductor Market News
- January 2022: A low-loss, highly vibration-resistant surface-mounted vehicle power inductor (PCC-M15A0MF series) commercialized, according to an announcement from Panasonic Corporation's Industry Company. Due to the rising performance of automotive device operations, the market demands for bigger working currents and reduced ECU (Electronic Control Unit) board sizes have been met by this 15.6 mm square inductor. By conserving space in the mounting regions for power circuits, the firm will increase the dependability of power circuits with these incredibly dependable PCC-M15A0MF series power inductors. To meet market demands, the product portfolio will also be improved in the future by extending the inductance range of available products.
- January 2022: YAGEO group completed the acquisition of Chilisin Electronics Corporation, which offers a wide range of inductors, power transformers, RF components, and ethernet transformer products. In order to create Pulse Electronics, Yageo will combine Chilisin with its affiliated companies Mag. Layers, Magic, and Bothhand. Products will be relaunched under Pulse Electronics.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Degree of Competition
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in Innovations in Consumer Electronics Products
5.1.2 Growing Demand for Energy Efficient Electrical and Electronic Systems
5.2 Market Restraints
5.2.1 Rising Cost of Raw Materials, Especially Copper
6. MARKET SEGMENTATION
6.1 Type
6.1.1 Power
6.1.2 Frequency
6.2 End-User Industry
6.2.1 Automotive
6.2.2 Aerospace and Defense
6.2.3 Communications
6.2.4 Consumer Electronics and Computing
6.2.5 Other End-User Industries
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 TDK Corporation
7.1.2 Vishay Intertechnology Inc.
7.1.3 Panasonic Corporation
7.1.4 Delta Electronics
7.1.5 Pulse Electronics (YAGEO Company)
7.1.6 Sagami Elec Co. Ltd
7.1.7 Taiyo Yuden Co. Ltd
7.1.8 TE Connectivity Limited
7.1.9 Murata Manufacturing Co. Ltd
7.1.10 Sumida Corporation
7.1.11 Coilcraft Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Inductor Industry Segmentation
The majority of power electronic circuits include inductors, which are passive elements that store energy in the form of magnetic energy when electricity is supplied to them. A significant characteristic of an inductor is that it resists changes in the amount of current that passes through it. In order to equalize the current flowing through it, whenever the current across the inductor varies, it either gains charge or loses charge. Choke, reactor, and coil are other names for the inductor. The Inductor Market is segmented by Type (Power and Frequency), End-User Industry (Automotive, Aerospace and Defense, Communications, Consumer Electronics, and Computing), and Geography. The market sizes and forecasts are provided in terms of value in USD billion for all the above segments.
| Type | |
| Power | |
| Frequency |
| End-User Industry | |
| Automotive | |
| Aerospace and Defense | |
| Communications | |
| Consumer Electronics and Computing | |
| Other End-User Industries |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Frequently Asked Questions
What is the current Inductor Market size?
The Inductor Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)
Who are the key players in Inductor Market?
TDK Corporation, Vishay Intertechnology Inc., Panasonic Corporation, Delta Electronics and Pulse Electronics (YAGEO Company) are the major companies operating in the Inductor Market.
Which is the fastest growing region in Inductor Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Inductor Market?
In 2024, the Asia Pacific accounts for the largest market share in Inductor Market.
What years does this Inductor Market cover?
The report covers the Inductor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Inductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Inductor Industry Report
Statistics for the 2024 Inductor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Inductor analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
