Global Inductors Market Size, Share, Growth Analysis, By Type, By Inductance, By Core Type, By Application, By End User - Industry Forecast 2024-2031

Global Inductors Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.44 billion in 2023 to USD 9.07 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).

The anticipated rise in innovations and advancements in consumer electronic devices is expected to drive significant growth in the inductor market in the forecast period. This growth is further fueled by the increasing popularity of smart cities and smart homes, which demand energy-efficient electrical and electronic devices. However, advancements in telephony and chip integration may dampen market growth for inductors. Additionally, fluctuations in raw material prices, particularly copper, will impede industry growth during the forecast timeline. Despite these challenges, the growing demand for wireless and connected devices presents opportunities for further expansion in the inductor industry in the coming years. Nevertheless, the future growth of the inductor market may face obstacles due to the increased complexity resulting from the miniaturization of inductors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Inductors Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Inductors Market Segmental Analysis

Global Inductors Market is segmented based on type, inductance, core type, application, end user, and region. In terms of type, the Inductors, the market is categorized into multi-layered, film type, molded, and wire wound. Based on inductance, the Inductors Market is classified into variable inductors, fixed inductors. With respect to core type the market is segmented into iron core, ferromagnetic or ferrite core, and air core. With respect to segmentation by application, the market is grouped into power applications, general circuits, and high-frequency applications. By end user, the Inductors Market is divided into automotive, military and defense, transmission and distribution, consumer electronics, industrial, RF and telecommunication. Region Wise, the global inductors market is widespread into North America, Europe, Asia-Pacific, Latin America, and MEA.

Drivers of the Global Inductors Market

The consumer electronics sector is experiencing rapid change fueled by increased market competition and groundbreaking technical advancements. These innovations are enhancing the quality and capabilities of consumer electronics products, potentially leading to a broader utilization of inductors within the industry.

Restraints in the Global Inductors Market

Inductors, commonly crafted from materials such as iron, copper, and ferrite, are chosen for their advantageous properties like high electrical conductivity and substantial power dissipation. Copper coils, in particular, are favored due to their excellent mechanical and thermal characteristics, making them a prevalent choice for raw material in inductor manufacturing processes.

Market Trends of the Global Inductors Market

Inductors find widespread application across computing-related devices such as laptops, desktops, industrial computers, and motherboards, primarily within their power supply circuitry. Particularly in switch-mode power supplies (SMPS) utilized in these systems, inductors play a pivotal role as energy storage elements. The efficiency and performance of these power supplies are significantly impacted by the charging duration of the inductor, influencing the output voltage ratio.