Global Inductors Market to Reach US$ 6.0 Billion by 2032, Impelled by Increasing Demand for Consumer Electronics

May 15, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled "Inductors Market Report by Type (Wire Wound, Multilayered, Film, Molded), Core (Air Core, Ferromagnetic/Ferrite Core, and Others), End User (Automotive, Consumer Electronics, Aerospace and Defense, Communications, and Others), and Region 2024-2032," the global inductors market reached a value of US$ 4.4 Billion in 2023. Inductors are passive electronic components used in electrical circuits to store and release energy in a magnetic field. They are also known as coils or reactors and consist of a coil of wire wound around a magnetic core made of different materials like iron, ferrite, or air. When an electric current flows via an inductor, it induces a magnetic field around the coil, which stores energy. This energy is released when the current is turned off or changed, creating a voltage spike or surge. Inductors are commonly used in filters, oscillators, power supplies, and amplifiers, among other electronic devices. Inductors are available in various shapes and sizes, from small surface-mount components to large, high-power chokes used in industrial applications. They are critical components of electronic circuits used for energy storage, filtering, and resonant circuit creation. They are vital for the proper functioning of many electronic devices and come in various sizes and shapes to fit various applications.


Global Inductors Market Trends:

The global market is majorly driven by the increasing demand for inductors in various applications, including automotive, consumer electronics, telecommunications, and industrial automation. In line with this, the growing adoption of electric and hybrid vehicles is significantly contributing to the demand for inductors in the automotive sector. Furthermore, the rising demand for consumer electronics is positively influencing the market. Several key players are investing in R&D to develop innovative products, expanding their product portfolios, and adopting strategies like mergers and acquisitions to enhance their market presence. Apart from this, the escalating demand for renewable energy sources like wind and solar power, which require inductors in their power conversion systems, is catalyzing the market. Moreover, the rapid adoption of the Internet of Things (IoT) devices, which use inductors in their sensors and communication systems, is propelling the market. Besides, the increasing product usage in data centers for power supply and filtering applications is strengthening the market. The escalating demand for the miniaturization of electronic components is leading to the development of smaller and more efficient inductors. Additionally, the emerging popularity of wireless charging technology, which uses inductors in its wireless power transfer systems, is providing a boost to the market. Some of the other factors driving the market include the increasing demand for energy-efficient devices, rising product utilization in power distribution and management systems, including smart grids, growing trend of automation in various industries, the escalating product usage in RF and microwave applications, including radar and communication systems, and the emergence of new applications for inductors in emerging technologies like 5G, artificial intelligence, and blockchain. On account of the factors above, the market is anticipated to reach a value of US$ 6.0 Billion by 2032, exhibiting a CAGR of 3.4% during 2024-2032. 


Market Summary:

  • On the basis of the type, the market has been categorized into wire wound, multilayered, film, and molded.
  • Based on the core, the market has been classified into air core, ferromagnetic/ferrite core, and others.
  • Based on the end user, the market has been segmented into automotive, consumer electronics, aerospace and defense, communications, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include ABC Taiwan Electronics Corp., Coilcraft Inc., Delta Electronics Inc., KYOCERA AVX Components Corporation (KYOCERA Corporation), Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics, Sumida Corporation, Taiyo Yuden Co. Ltd., TDK Corporation, TT Electronics Plc, Vishay Intertechnology Inc. and Yageo Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Core, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABC Taiwan Electronics Corp., Coilcraft Inc., Delta Electronics Inc., KYOCERA AVX Components Corporation (KYOCERA Corporation), Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics, Sumida Corporation, Taiyo Yuden Co. Ltd., TDK Corporation, TT Electronics Plc, Vishay Intertechnology Inc. and Yageo Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Inductors Market to Reach US$ 6.0 Billion by 2032, Impelled by Increasing Demand for Consumer Electronics
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More