Inductors, Cores and Beads Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Inductor Type (Power, Multilayer Chip, RF), Core Material (Air, Ferrite, Ceramic), Chip Beads (Multilayered, Ferrite, EMI), End-User Industry (Automotive, Computing, Communications, Consumer Electronics) and Geography.

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: 6 %

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Market Overview

The inductors, core and beads market is expected to register a CAGR of 6% over the forecasted period (2021 - 2026). New product development of SMDs are gaining momentum, centering on small chips for smartphones, modules, and IoT terminals, and high-reliability chips for automotive application.

  • The increasing power supply density and efficiency is a challenge for most of the inductor designers. There is a continuous need for reduced size and high-performance power solutions to meet increasingly stringent application requirements.
  • Globally, the growing demand for consumer electronics, such as smartphones, tablets, portable gaming consoles, laptops, set-top boxes, among others, is the major factor driving the demand for various inductors, core and beads.
  • The market is also witnessing a boost in demand from applications, which require high reliability, in the industrial, aerospace and defense, and medical sectors.

Scope of the Report

The different types of inductors with core materials and chip beads type are covered in the scope of the study. The market is further segmented by different end-user verticals (automotive, computing, , communication, consumer electronics).

By Inductor Type
Power Inductors
MultiLayer Chip Inductors
RF Inductors
Other Inductor Types
By Core Material
Air Core
Ferrite Core
Ceramic Core
Other Core Types
By Chip Beads
MultiLayered Beads
Ferrite Beads
EMI Beads
By End-User Industry
Consumer Electronics
Other End-User Industries
North America
Asia Pacific
Latin America
Middle East and Africa

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Key Market Trends

Consumer Electronic to Witness a Significant Market Share

  • Around 15 percent of a smartphone is made from ceramics and glass that is from electronic applications with circuit boards for thermal management employs cores of passive components like inductors, fuses or resistors.
  • The Internet of Things and 5G network is expected to boost the overall speed and efficiency of communicating information between devices and networks, IoT, autonomous driving and M2M performances.
  • Most of consumer electronic products are high-power devices, and the power ranges from hundred to several kilowatts.The amount of magnetic components employed depends on the power of the charging pile. On an average, 20 magnetic components are required in a charging pile, of which the inductor is used in a larger amount.
  • The challenge remains the large chip area utilisation. For instance, Intel stated that the on-chip inductors used in their DC-DC converters for power management in multi-core processors occupy approximately a quarter of the total available chip area, which made them costly.

North America to Hold a Significant Market Share

  • The United States witnesses a growing use of inductors in automotive electronics and increasing adoption of smart grid technologies. Due to their various applications, inductors are one of the primary components of many electronic systems. Because of the extensive usage, more inductors are being applied in several industries across North America.
  • U.S. utilities invested approximately USD 144 billion in electricity generation, transmission, and distribution infrastructure in 2016. According to IEA, U.S. investments in smart grids infrastructure stood at USD 12.6 billion in 2018. 
  • The application of inductors, core and beads find their applications in modern adaptive LED headlights because of their low power consumption and multifunctional adaptability, these are replacing conventional halogen and HID headlights, ADAS, automotive ignition systems, among others.
  • The Unites States automotive production in 2018 stands at 11.31 billion cars and commercial vehicles and Canada's automotive production at 2.02 miliion cars and commericial vehicles, as per OICA.
  • The region expects a gradual ease in China-US trade spats after May of 2019, when the United States raised import tariffs on USD 200 billion of Chinese goods, which further affected the electronic component industry.

Competitive Landscape

The inductor, cores and beads market's opportunities have resulted in intense competition. There are a significant number of manufacturers vying for the increasing market share. The market witnesses increased innovation in the form of reduced size and varying the form of cores to achieve higher inductance.

  • September 2019 - TDK introduced metal-core power inductors to meet the tough conditions for harsh automotive environments, these conductors have a wide operating temperature range from -55 °C up to +155 °C. 
  • June 2019 - TDK launched a Thin-Film Power Inductor specifically for Mobile Device Design to handle 4% higher currents and 12% lower resistance than conventional products.
  • June 2019 - Kemet Corporation launched new range of SMD metal composite power inductors to suit modern power applications in DC-DC converters that are utilized in a variety of commercial and consumer applications including notebook computers, tablets, servers and HDTVs.

Major Players

  1. TDK corporation

  2. Vishay International Inc.

  3. Panasonic Corporation

  4. Murata Manufacturing Co. Ltd.

  5. Taiyo Yuden Co. Ltd.


Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Introduction to Market Drivers and Restraints

    4. 4.4 Market Drivers

    5. 4.5 Market Restraints


    1. 5.1 By Inductor Type

      1. 5.1.1 Power Inductors

      2. 5.1.2 MultiLayer Chip Inductors

      3. 5.1.3 RF Inductors

      4. 5.1.4 Other Inductor Types

    2. 5.2 By Core Material

      1. 5.2.1 Air Core

      2. 5.2.2 Ferrite Core

      3. 5.2.3 Ceramic Core

      4. 5.2.4 Other Core Types

    3. 5.3 By Chip Beads

      1. 5.3.1 MultiLayered Beads

      2. 5.3.2 Ferrite Beads

      3. 5.3.3 EMI Beads

    4. 5.4 By End-User Industry

      1. 5.4.1 Automotive

      2. 5.4.2 Computing

      3. 5.4.3 Communications

      4. 5.4.4 Consumer Electronics

      5. 5.4.5 Other End-User Industries

    5. 5.5 Geography

      1. 5.5.1 North America

      2. 5.5.2 Europe

      3. 5.5.3 Asia Pacific

      4. 5.5.4 Latin America

      5. 5.5.5 Middle East and Africa


    1. 6.1 Company Profiles

      1. 6.1.1 TDK Corporation

      2. 6.1.2 Vishay International Inc.

      3. 6.1.3 Panasonic Corporation

      4. 6.1.4 Murata Manufacturing Co. Ltd.

      5. 6.1.5 Taiyo Yuden Co. Ltd.

      6. 6.1.6 Kemet Corporation

      7. 6.1.7 AVX Corporation

      8. 6.1.8 Texas Instruments

      9. 6.1.9 TT Electronics Plc

      10. 6.1.10 Hefei MyCoil Technology Co., Ltd.

    2. *List Not Exhaustive


**Subject to Availability
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Frequently Asked Questions

The Inductors, Cores and Beads Market market is studied from 2018 - 2026.

The Inductors, Cores and Beads Market is growing at a CAGR of 6% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

TDK corporation, Vishay International Inc., Panasonic Corporation, Murata Manufacturing Co. Ltd., Taiyo Yuden Co. Ltd. are the major companies operating in Inductors, Cores and Beads Market.

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