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The latest research study “Inductors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global inductors market reached a value of US$ 4.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.31 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Inductors, also known as coils, are passive two-terminal components used in power electronic circuits to store energy in the magnetic field when the current is applied. They consist of insulated copper wire that transfers energy in power converters, filters high-frequency noise in electrical circuits, and controls electric spikes and surges. As a result, they find extensive applications across automotive, defense, medical, consumer electronics, telecom, and aerospace industries.
Global Inductors Market Trends and Drivers:
The market is primarily driven by the escalating demand for consumer electronics, such as smartphones, set-top boxes, laptops, portable gaming consoles, and tablets. In addition, the rising adoption of smart devices due to the availability of high-speed internet, rising disposable incomes, and improving living standards of consumers represents another major growth-inducing factor. Besides this, various key players are introducing innovative product variants to gain a competitive advantage and extend their product portfolio. This, coupled with the increasing utilization of electronic elements in automobiles and the growing consumer inclination toward electric vehicles (EVs), is escalating the product demand across the automotive industry. Moreover, rapid digitalization, rising product adoption in various medical and industrial applications, ongoing research and development (R&D) activities, and the emergence of 5G technology are some of the other factors propelling the market growth.
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Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Core, End User and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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.
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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.
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