Market Size of Inductors, Cores and Beads Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.11 Billion |
| Market Size (2029) | USD 12.25 Billion |
| CAGR (2024 - 2029) | 3.91 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Inductors Cores & Beads Market Analysis
The Inductors, Cores and Beads Market size is estimated at USD 10.11 billion in 2024, and is expected to reach USD 12.25 billion by 2029, growing at a CAGR of 3.91% during the forecast period (2024-2029).
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.
