Inductor Market Size, Share & Trends Analysis Report By Inductance, By Type, By Core Type, By Shield Type, By Mounting Technique, By End-user, By Region, And Segment Forecasts, 2024 - 2030

Inductor Market Size, Share & Trends Analysis Report By Inductance, By Type, By Core Type, By Shield Type, By Mounting Technique, By End-user, By Region, And Segment Forecasts, 2024 - 2030

Inductor Market Growth & Trends

The global inductor market size is anticipated to reach USD 6,540.8 million by 2030, registering a CAGR of 5.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. A surge in innovations and advancements within consumer electronic devices stands as a significant catalyst poised to propel market growth. Moreover, the growing popularity of smart cities and smart homes, which necessitate energy-efficient electrical and electronic devices, is expected to drive further demand. However, it is anticipated that the evolution of telephony and chip integration may potentially moderate market growth for inductors. Moreover, the automotive sector emerges as a prominent avenue for inductor manufacturers, driven by the escalating integration of electronic components within automobiles.

In addition, notable trends within the industry encompass the heightened durability of industry-standard interfaces tailored for industrial applications and customization, particularly evident in sectors, such as medical, aerospace and defense, and industrial domains. A surge in demand for electric vehicles (EVs) requires high-power inductors for battery management, motor control, and power conversion. In addition, advanced driver-assistance systems (ADAS) and in-car electronics increasingly utilize inductors for various functionalities. For instance, in 2023, the U.S. government introduced the Inflation Reduction Act, which not only extends tax credits for the acquisition of new and used EVs but also broadens their scope. This move aims to make the advantages of clean energy more accessible across the nation.

The legislation goes beyond individual EV purchases, offering incentives for the electrification of heavy-duty vehicles such as school buses. Inductors find diverse applications within computing verticals, spanning personal computers, laptops, industrial computers, and motherboards. These components are integrated into the power supply circuitry of various computing devices, serving as energy storage devices within switch-mode power supplies (SMPS) commonly employed in computers. In such power supplies, the output voltage ratio hinges on the charging time of the inductor. Furthermore, improved living standards have bolstered the sales of consumer electronics, thereby amplifying the positive impact on the inductors market.

Manufacturers of inductors are adopting several strategies, such as acquisitions, mergers, joint ventures, new product launches, and geographical expansions, to enhance market penetration and cater to changing technological demands from various end-use applications, including residential, commercial, and industrial applications. For instance, in January 2024, TDK unveiled the KLZ2012-A series, their newest line of tiny inductors specifically designed for car audio systems. These compact components prioritize durability, wide operating range, and consistent inductance, making them ideal for the demanding environment of modern vehicles. Mass production began in January, marking a significant step forward in automotive audio technology.

Inductor Market Report Highlights

• The fixed inductors inductance segment is expected to show lucrative growth over the forecast period. Fixed inductors are known for their stable performance and durability, making them ideal for demanding environments and mission-critical applications
• The film type segment held the largest share in 2023 owing to their miniaturization and high-frequency performance. Also, technological advancements leading to the development of innovative materials and manufacturing processes enhance the performance and cost-effectiveness of film-type inductors
• The ferromagnetic/ferrite core type segment is expected to have a significant CAGR from 2024 to 2030. Ferrite core inductors offer several advantages, such as high magnetic permeability, low core losses, and excellent performance at high frequencies, making them ideal for power management and filtering applications in a wide range of electronic devices
• The shielded type segment held the largest share in 2023. With the growing number of wireless devices and IoT endpoints, there is a rising need for shielded inductors to minimize interference and ensure seamless communication
• The surface mount technique segment is expected to show lucrative growth from 2024 to 2030. Surface mount inductors offer a smaller form factor compared to through-hole counterparts, making them ideal for applications where space constraints are critical, such as smartphones, tablets, wearables, and IoT devices
• The consumer electronics end-user segment held the largest share in 2023. As consumers increasingly seek portable devices with enhanced performance and longer battery life, manufacturers are under pressure to integrate smaller and more efficient components, including inductors. The miniaturization trend in consumer electronics drives the need for compact, high-performance inductors that can fit into increasingly smaller spaces without compromising functionality or performance
• Asia Pacific dominated the global market on account of the rapidly expanding consumer electronics industry. Furthermore, demand for smartphones, laptops, tablets, wearables, and other consumer electronics fuels the need for miniaturized and high-performance inductors
• In February 2024, Abracon unveiled their groundbreaking “ATL-series” Trans-Inductor Voltage Regulator (TLVR) inductors, revolutionizing the power delivery landscape with their exceptional performance and reliability. These innovative inductors, deployed in the TLVR topology, empower multiphase Voltage Regulator Modules (VRM) to realize faster transient load responses while exhibiting minimal voltage droop. This advancement enhances control bandwidth and streamlines costs by reducing the requirement for output capacitors, thereby outperforming traditional VRM capabilities
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