Global Inductor Market – Industry Analysis and Forecast (2020-2027)
Global Inductor Market was valued at USD 3.64 Bn in 2019 and is expected to reach at USD 5.10 at a CAGR of 4.3% over forecast period 2020-2027.
Global Inductor Market Drivers and Restrains:
Inductors are components designed to oppose changes and are used for the storage of energy in form of magnetic field and are referred to as a passive electronic component. Variation in magnetic field induces a voltage that resists the field-producing current which is known as inductance. An inductance of an inductor is dependent on the number of turns/loops of copper wire around the metal/air and the radius of the copper coil.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The major driving factors of the global Inductor market are the development of new consumer electronic products, the growing trend of smart networks, increasing the use of inductors in automotive electronics and rising demand for passive electronic components.
Restraining factors of the global inductor market are changing the prices of raw materials and growing complexity due to miniaturization of inductors.
An increasing demand for wireless and connected devices is producing new opportunities for inductor market.
Global Inductor Market Segmentation Analysis:
Global Inductor Market by Type, by Core Type, by Application and by Region. By application, consumer electronics segment is expected to hold the large share of this market over forecast period due to rising demand for consumer electronics such as smartphones, tablets, laptops, set-top boxes, portable gaming consoles, The development of global inductor market is also powered by rising demand for inductors from telecommunication, industrial, automotive, and defense sectors.
By Type, Fixed inductor type segment held highest market share in 2019 and is expected to keep its dominance over forecast period due to the inductors are used in several application such as in filters, sensors, transformers, energy storages, and motors among others.
By core type, Ferrite Core inductors holds highest market share over forecast period. Ferrite core inductors are used in surface acoustic wave (SAW) filters and voltage-controlled oscillator circuits for telecommunication, hard disks, notebook computers, and other electronic equipment.
Global Inductor Market Regional Analysis:
By geography, Global Inductor Market is segmented into APAC, North America, Europe, MEA& Africa and Latin America. Among all of these APAC held 36.25% market share in 2019 and is expected to keep its dominance over forecast period. APAC is a large hub for consumer electronics manufacturers among others. The investments in the consumer electronics and automotive segments in countries such as India, China, South Korea, and Japan are increasing, and inductors are an important component in consumer electronics and automobiles. Hence, the market in APAC would grow at a high rate, and the region is likely to hold a major share of the overall inductor market, during the forecast period. APAC is followed by North America and Europe.
North America is expected to hold 27.68% of market share over forecast period. Factors such as increasing penetration smartphones & tablets, rapidly increasing automation in an industrial sector, and well established ICT industry are propelling market growth in this region.
Global Inductor Market Competitive Landscape:
Report covers key development and company profiles of potential players, followers and new entrants. Major players operating in this market are TDK Corporation, Murata Manufacturing Co., Ltd., Vishay Intertechnonogy Inc., Taiyo Yuden Co., Ltd., Chilisin Electronics Corp., Delta Electronics, Inc., Panasonic Corporation and ABC Taiwan Electronics Corporation. Among all of these Murata Manufacturing Co. is leading player in the global market. Murata is a global leader in the design, manufacture and supply of advanced inductors, leading edge electronic components, and multi-functional, high-density modules. Murata’s chip inductors are optimally designed for making full use of multiple construction techniques, such as the multilayer construction technique. They offer an extensive lineup of inductors for power supplies to high frequency. Business opportunities are expanding in the medium to long term for Murata, which has a varied product lineup, supply capability, and a broad customer base.Global Inductor Market Drivers and RestrainsThe objective of the report is to present a comprehensive analysis of the Global Inductor Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Inductor Market dynamics, structure by analyzing the market segments and project the Global Inductor Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio,growth strategies, and regional presence in the Global Inductor Market make the report investor’s guide.
Scope of the Global Inductor Market
Global Inductor Market, by Type
• Fixed Inductors
• RF Inductors
• Coupled Inductors
• Multi-Layered Inductors
• Power Inductors
• Variable Inductors
Global Inductor Market, by Core Type
• Air Core
• Ferromagnetic/Ferrite Core
• Laminated Core
• Ceramic Core
• Toroidal Core
Global Inductor Market, by Application
• RF and Telecommunication
• Military and Defense
• Consumer Electronics
• Transmission and Distribution
Global Inductor Market, by Region
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Inductor Market
• TDK Corporation
• Murata Manufacturing Co., Ltd.
• Vishay Intertechnonogy Inc.
• Taiyo Yuden Co., Ltd.
• Chilisin Electronics Corp.
• Delta Electronics, Inc.
• Panasonic Corporation
• ABC Taiwan Electronics Corporation
• Pulse Electronics Corporation
• Coilcraft, Inc.
• Shenzhen Sunlord Electronics Co., Ltd.
• Ourns, Inc.
• Sumida Corporation.
• Ice Components, Inc.
• AVX Corporation
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