Chicago, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Inductor Market is projected to grow from USD 5.1 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 6.6% from 2022 to 2027, according to a new report by MarketsandMarkets™. Increasing innovations and developments in consumer electronic products, growing trend of smart cities and smart homes that require energy-efficient electronic and electrical systems is expected to fuel the growth of the inductor market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=212700102
Browse in-depth TOC on "Inductor Market" 228 – Tables 51 – Figures 280 – Pages
Inductor market for consumer electronics industry is expected to hold largest share from 2022 to 2027.
The consumer electronics segment is expected to account for the largest share of the inductor market The consumer electronics vertical makes the highest use of inductors. Inductors find applications in power supplies of various complex circuits to manage current, and also as filters in circuits to cut off undesirable frequencies power supply in various. The rise in demand for consumer electronics across the world, such as smartphones, tablets, portable gaming consoles, laptops, and set-top boxes is the major factor driving the increase in adoption of various inductors. Several companies such as Panasonic and Bourns Inc. offer different types of inductors for consumer electronics.
Wire-wound inductors to dominate market during forecast period.
The wire-wound inductor segment is expected to account for the largest share of the inductor market during the forecast period. The core of wire-wound inductors is made of magnetic metals such as iron or ferrite around it. Electrical circuits can be disrupted and audio sound quality can be deteriorated due to interference from unwanted radio frequencies. Hence, the use of wire-wound inductors enables in blocking or filtering radio frequencies. These wire-wound inductors are typically found in car audio systems and electronic control units (ECUs) and also in electronic equipment used in communication infrastructures and mobile base stations. They are majorly these inductors are leveraged in frequency circuits of mobile communication equipment, such as wireless LAN, mobile phones, broadband components, RFID tags, RF transceivers, Bluetooth, Wireless PDA, and security systems. When compared to other types of inductors, the manufacturing cost involved is less as well as they offer a high inductance value.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=212700102
Shielded inductors to witness highest CAGR during forecast period.
The shielded type of inductors are designed and constructed specifically to contain the magnetic field inside their enclosure so that other nearby components are not affected. They are constructed by winding a coil of wire around an axial leaded structure and covering the core with a magnetic shield to prevent the magnetic flux from leaking. The main advantage of shielded inductors is their relatively low emissions compared with semi-shielded or unshielded inductors. Various companies such as Bourns (US), Murata Manufacturing (Japan), Wurth Elektronik (Germany), and Delta Electronics (Taiwan) provide shielded types of inductors.
North America held significant share of inductor market in 2021 and is expected to follow the trend by 2027.
North America is expected to account for a significant of the inductor market during the forecast period. The presence of major companies in this region and factors such as the increasing demand for inductors and the growing popularity of inductor-based devices for automotive and industrial applications are driving the growth of the market in this region. A few of the major companies operating in the inductor market in North America include Vishay Intertechnology (US), Pulse Electronics (US), Coilcraft, (US), Bourns (US), ICE Components (US), and AVX (US). A few of the largest automobile manufacturers are based in North America, which results in an increasing demand for inductors in the region.
Key players in the inductor market include Murata Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN (Japan), Chilisin Electronics (Taiwan), Delta Electronics (Taiwan), Panasonic (Japan), ABC Taiwan Electronics (Taiwan), Pulse Electronics (US), Coilcraft (US), Shenzhen Sunlord Electronics (China), Bourns (US). Apart from these, Sumida (Japan), ICE Components (US), Bel Fuse (France), Falco Electronics (Mexico), GCi Technologies (US), Würth Elektronik (Germany), Kyocera AVX (US), Samsung Electro-Mechanics (South Korea), Inductor Supply Inc. (US), Gowanda Electronics (US), Token Electronics (Taiwan), TT Electronics (UK), Laird Technologies (US), Johanson Technology (US), Zhenhua Electronics (China) are among a few emerging companies in the inductor market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=212700102
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Integrated Passive Devices Market by Material (Silicon, Glass), Passive Devices, Application (ESD/EMI, RF IPD, Digital & Mixed Signals), Wireless Technology (WLAN, Bluetooth, GPS, Cellular), End Use Industry, and Geography - Global Forecast to 2023
Interconnects and Passive Components Market by Passive Components (Resistor, Capacitor, Inductor, Transformer, and Diode), Interconnect Type (PCB, Connector, Switch, Relay, Adapter, Terminal, Splice, and Socket), Application, and Region - Global Forecast to 2022
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.