Market Overview 2022-2027:
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.
Industry Definition and Application:
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.
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Market Trends:
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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| Inductors Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 4.01 Billion |
| Market forecast in 2027 | US$ 5.31 Billion |
| Growth Rate | CAGR of 4.60% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Core, End User and Region |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Wire Wound
- Multilayered
- Film
- Molded
Breakup by Core:
- Air Core
- Ferromagnetic/Ferrite Core
- Others
Breakup by End User:
- Automotive
- Consumer Electronics
- Aerospace and Defense
- Communications
- Others
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
- Yageo Corporation.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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