Inductor Market by Type (Bobbin, Film Type, Molded), Inductance (Fixed Inductors, Variable Inductors), Core Type, Shield Type, Mounting Technique, Application, Vertical - Global Forecast 2024-2030
The Inductor Market size was estimated at USD 7.81 billion in 2023 and expected to reach USD 8.33 billion in 2024, at a CAGR 6.84% to reach USD 12.42 billion by 2030.
Inductors are passive electronic components that store energy in their magnetic field and consist of a conductor, such as a wire wound into a coil, through which electricity flows. The primary characteristic of an inductor is its ability to oppose changes in current flow, a property known as inductance measured in Henries (H). Inductors are widely used in various applications, ranging from filtering noise and stabilizing circuits to energy storage in switching power supplies and transformers. The behavior of an inductor in an electrical circuit is defined by Faraday's law of electromagnetic induction, which states that an electromotive force is generated in a coil when the magnetic flux changes. The need for miniaturization, higher power handling capabilities for electric vehicles and renewable energy systems, and the surging demand for compact, lightweight, and efficient inductors for wearable devices and medical electronics globally propel the inductor market's growth. However, fluctuations in the raw material prices required for inductor manufacturing and the operational issues associated with the inductors are restraining the adoption of the inductors. The ongoing adoption of IoT-based and wireless devices in industrial and home-scale sectors and the emergence of advanced electrical technologies with the incorporation of inductors offer lucrative growth opportunities for the inductor market.
Regional Insights
In the Americas, particularly in the U.S., there is a high demand for inductors within the automotive and defense sectors, supporting advanced technologies such as RADAR systems and electric vehicles (EVs). The Americas have specialized in producing high-grade, performance-driven inductors for military and automotive applications, with companies heavily investing in R&D for durable and efficient designs. Furthermore, Asia, led by countries such as China, Japan, and South Korea, witnesses a massive demand for inductors from the consumer electronics sector, owing to its majority in smartphone and portable electronics manufacturing. Asia is the most significant manufacturer of inductors globally, focusing on mass production optimized for consumer electronics, miniaturization, and cost reduction. Moreover, European Union countries exhibit a high demand for automotive and industrial application inductors, driven by the automotive industry's shift toward electric vehicles. The Middle East is witnessing growth in the renewable energy sector, increasing the demand for inductors in solar and wind energy projects. Africa shows the potential for growth in the telecommunications and power transmission sectors. Recent initiatives in Europe include investments in renewable energy and automotive sectors, with companies focusing on reducing carbon emissions, leading to research in innovative inductor technologies that can withstand high temperatures and efficiency.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Inductor Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Need for miniaturization and higher power handling capabilities for electric vehicles and renewable energy systems
- Growing adoption of wearable devices and medical electronics
- Market Restraints
- Fluctuation in the prices of the raw material required for inductor manufacturing
- Market Opportunities
- Ongoing adoption of IoT-based and wireless devices in industrial and home-scale sectors
- Emergence of advanced electrical technologies with the incorporation of inductors
- Market Challenges
- Operational issues associated with inductors
- Market Segmentation Analysis
- Type: Proliferation of molded inductors owing to their robustness and reliability
- Application: Extensive utilization of inductors in power supply circuits for the conversion and stabilization of power supply
- Inductance: Rising usage of variable inductors to allow adjustments of their inductance value
- Core Type: Increasing demand for air core inductors as they are commonly used in high-frequency applications
- Shield Type: Increasing usage of shielded inductors to minimize the magnetic field radiation from the coil
- Mounting Technique: High potential of surface mount technology due to its suitability for automation, allowing for high-volume production
- Vertical: Growing demand for inductors in consumer electronics for power supply stabilization,
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Inductor Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Inductor Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Vanguard Enhances Its Portfolio with Advanced High-Current Power Inductor Offerings
Vanguard expands its COTS+ high-current power inductor line, spotlighting its commitment to addressing the evolving needs of electronics that require high-density energy storage and precision in power management. This development is highlighted by their introduction of a series of power inductors characterized by superior efficiency and remarkable performance in a compact form factor. Vanguard's strategic enhancement of its product line underlines its dedication to innovation and its ability to meet the stringent requirements of contemporary high-performance electronics, marking a significant contribution to the power component industry.
Samsung Electro-Mechanics Unveils Advanced Compact Metal Power Inductor for Automotive Applications
Samsung Electro-Mechanics announced the release of a cutting-edge, compact-sized metal power inductor designed specifically for automotive use, signifying a major step forward in electronic component miniaturization and performance enhancement. This innovation highlights the company's commitment to addressing the growing demands for high-efficiency, space-saving components in the automotive industry. The new inductor showcases improved power efficiency and robustness, making it an ideal solution for a wide range of vehicular applications that require reliable performance in harsh conditions.
TDK Announces Advancements in Inductor Technology for Automotive and Industrial Applications
TDK Corporation unveiled a significant advancement in inductor technology, aimed primarily at enhancing automotive and industrial applications. This innovative development encompasses the introduction of a new series of inductors that promise superior performance, reliability, and durability.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Inductor Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Inductor Market, highlighting leading vendors and their innovative profiles. These include ABC Taiwan Electronics Corp., Abracon LLC, Bourns, Inc., Coilcraft Inc., Delta Electronics, Inc., Eaton Corporation PLC, Falco Electronics, Hitachi, Ltd., Inductor Supply, Inc., KOA Speer Electronics, Inc., Kyocera Corporation, Laird Technologies, Inc. by DuPont de Nemours, Inc., Littelfuse, Inc., MinebeaMitsumi Inc., Murata Manufacturing Co., Ltd., NIC Components Corp., Panasonic Holdings Corporation, PICO Electronics, Inc., Pulse Electronics Corporation by Yageo Corporation, Regal Rexnord Corporation, Sagami Elec Co., Ltd., Samsung Electro-Mechanics Co., Ltd., Sumida Corporation, Taiyo Yuden Co., Ltd., TDK Corporation, TE Connectivity Ltd., Texas Instruments Incorporated, Transko Electronics, Inc., Triad Magnetics, TRIO TECHNOLOGY INTERNATIONAL GROUP CO., LTD., Viking Tech Corporation, Vishay Intertechnology, Inc., and Würth Elektronik Group.
Market Segmentation & Coverage
This research report categorizes the Inductor Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Bobbin
- Film Type
- Molded
- Multilayered
- Toroidal
- Wire Wound
- Inductance
- Fixed Inductors
- Variable Inductors
- Core Type
- Air Core
- Ceramic Core
- Ferromagnetic & Ferrite Core
- Iron Core
- Phenolic Core
- Hard Ferrites
- Soft Ferrites
- Shield Type
- Shielded
- Unshielded
- Mounting Technique
- Surface Mount
- Through Hole
- Application
- Energy Storage
- Inductive Sensing
- Power Supply Circuits
- Signal Filtering
- Wireless Charging
- Vertical
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Military & Defense
- Telecommunication
- Transmission & Distribution
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Air Core
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Need for miniaturization and higher power handling capabilities for electric vehicles and renewable energy systems
- 5.1.1.2. Growing adoption of wearable devices and medical electronics
- 5.1.2. Restraints
- 5.1.2.1. Fluctuation in the prices of the raw material required for inductor manufacturing
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing adoption of IoT-based and wireless devices in industrial and home-scale sectors
- 5.1.3.2. Emergence of advanced electrical technologies with the incorporation of inductors
- 5.1.4. Challenges
- 5.1.4.1. Operational issues associated with inductors
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Proliferation of molded inductors owing to their robustness and reliability
- 5.2.2. Application: Extensive utilization of inductors in power supply circuits for the conversion and stabilization of power supply
- 5.2.3. Inductance: Rising usage of variable inductors to allow adjustments of their inductance value
- 5.2.4. Core Type: Increasing demand for air core inductors as they are commonly used in high-frequency applications
- 5.2.5. Shield Type: Increasing usage of shielded inductors to minimize the magnetic field radiation from the coil
- 5.2.6. Mounting Technique: High potential of surface mount technology due to its suitability for automation, allowing for high-volume production
- 5.2.7. Vertical: Growing demand for inductors in consumer electronics for power supply stabilization,
- 5.3. Market Trend Analysis
- 5.3.1. Expansion of telecommunications infrastructure, significant production of automobiles along with several government incentives towards renewable energy projects across the Americas
- 5.3.2. Surge in consumer electronics consumption, burgeoning renewable energy projects, and the evolution of automotive electronics in the APAC region
- 5.3.3. Burgeoning production of EVs, coupled with the high availability of raw materials across the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Inductor Market, by Type
- 6.1. Introduction
- 6.2. Bobbin
- 6.3. Film Type
- 6.4. Molded
- 6.5. Multilayered
- 6.6. Toroidal
- 6.7. Wire Wound
- 7. Inductor Market, by Inductance
- 7.1. Introduction
- 7.2. Fixed Inductors
- 7.3. Variable Inductors
- 8. Inductor Market, by Core Type
- 8.1. Introduction
- 8.2. Air Core
- 8.3. Iron Core
- 8.4. Phenolic Core
- 9. Inductor Market, by Shield Type
- 9.1. Introduction
- 9.2. Shielded
- 9.3. Unshielded
- 10. Inductor Market, by Mounting Technique
- 10.1. Introduction
- 10.2. Surface Mount
- 10.3. Through Hole
- 11. Inductor Market, by Application
- 11.1. Introduction
- 11.2. Energy Storage
- 11.3. Inductive Sensing
- 11.4. Power Supply Circuits
- 11.5. Signal Filtering
- 11.6. Wireless Charging
- 12. Inductor Market, by Vertical
- 12.1. Introduction
- 12.2. Automotive
- 12.3. Consumer Electronics
- 12.4. Healthcare
- 12.5. Industrial
- 12.6. Military & Defense
- 12.7. Telecommunication
- 12.8. Transmission & Distribution
- 13. Americas Inductor Market
- 13.1. Introduction
- 13.2. Argentina
- 13.3. Brazil
- 13.4. Canada
- 13.5. Mexico
- 13.6. United States
- 14. Asia-Pacific Inductor Market
- 14.1. Introduction
- 14.2. Australia
- 14.3. China
- 14.4. India
- 14.5. Indonesia
- 14.6. Japan
- 14.7. Malaysia
- 14.8. Philippines
- 14.9. Singapore
- 14.10. South Korea
- 14.11. Taiwan
- 14.12. Thailand
- 14.13. Vietnam
- 15. Europe, Middle East & Africa Inductor Market
- 15.1. Introduction
- 15.2. Denmark
- 15.3. Egypt
- 15.4. Finland
- 15.5. France
- 15.6. Germany
- 15.7. Israel
- 15.8. Italy
- 15.9. Netherlands
- 15.10. Nigeria
- 15.11. Norway
- 15.12. Poland
- 15.13. Qatar
- 15.14. Russia
- 15.15. Saudi Arabia
- 15.16. South Africa
- 15.17. Spain
- 15.18. Sweden
- 15.19. Switzerland
- 15.20. Turkey
- 15.21. United Arab Emirates
- 15.22. United Kingdom
- 16. Competitive Landscape
- 16.1. Market Share Analysis, 2023
- 16.2. FPNV Positioning Matrix, 2023
- 16.3. Competitive Scenario Analysis
- 16.3.1. Vanguard Enhances Its Portfolio with Advanced High-Current Power Inductor Offerings
- 16.3.2. Samsung Electro-Mechanics Unveils Advanced Compact Metal Power Inductor for Automotive Applications
- 16.3.3. TDK Announces Advancements in Inductor Technology for Automotive and Industrial Applications
- 16.3.4. Bourns Introduces Advanced Automotive Grade Power Inductors
- 16.3.5. TDK Introduces KLZ2012-A Multilayer Inductors for A2B Applications
- 16.3.6. Abracon's Advanced Power Inductor Performance Analyzer - Elevating Engineering Precision and Decision-Making
- 16.3.7. Samsung Electro-Mechanics Launches Mass Production of Thin-Film Coupled Power Inductors
- 16.3.8. Vishay Intertechnology Amplifies Global Inductor Production in Strategic Move to Meet Surging Demand
- 16.3.9. Innovative Advancements in Power Inductors: Pulse Electronics Unveils Mini-Molded L-Shaped Termination ADCC & BDCC Series
- 16.3.10. Innovative Advancements in High-Power Inductors: Unveiling the XHMA Series
- 17. Competitive Portfolio
- 17.1. Key Company Profiles
- 17.2. Key Product Portfolio
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook