According to the new market research report "Inductor Market
by Type (Fixed Inductors (RF, Coupled, Multilayered, Power, Molded, Surface
Mount, Choke, Coil), and Variable Inductors), Core Type (Air, Ferrite,
Laminated, Ceramic, and Toroidal), Application, and Geography - Global Forecast
to 2022", the overall inductor market is expected to grow from USD
3.01 Billion in 2015 to USD 3.94 Billion by 2022, at a CAGR of 3.93% between
2016 and 2022.
This market growth can be attributed to the increasing number of product
launches and developments in the consumer electronics sector, rising demand for
passive electronic components, growing use of inductors in automotive
electronics, and increasing adoption of smart grids.
Fixed inductors expected to hold a major share of the inductor market
during the forecast period
The various types of fixed inductors include power inductors, RF
inductors, multi-layered inductors, coupled inductors, and others (chokes,
coils, surface mount inductors, and molded inductors). These inductors are used
in filters, sensors, transformers, motors, energy storages, among others. Fixed
inductors help in achieving smaller form factors for consumer electronic
products, owing to their compact size and light weight. The automotive industry
requires robust inductors that can operate at extreme temperatures. Fixed
inductors can sustain high temperatures and can operate in extreme
environments; hence, the demand for these inductors is likely to increase in
the near future.
Market for ceramic core type is expected to grow at a significant rate
between 2016 and 2022
The market for ceramic core is expected to grow at a significant rate
during the forecast period. Ceramic has a low thermal coefficient of expansion,
which allows high inductance stability over a high operating temperature range.
It has no magnetic properties; hence, there is no increase in permeability due
to core material. Due to this factor, it is suitable for high-frequency
applications. With the growing market for mobile phones and wireless LAN, among
others, the demand for ceramic core inductors is also rising.
Inductor market in APAC to grow at a high rate during the forecast
period
The inductor market in APAC, on the basis of country/region, has been
subsegmented into China, Japan, South Korea, India, and Rest of APAC (RoAPAC).
APAC plays a pivotal role in the development of the electrical and electronics
industry. Some of the leading inductor manufacturing companies such as TDK Corporation
(Japan), Murata Manufacturing Co., Ltd. (Japan), and Sumida Corporation
(Japan), among others, are based out of APAC. Several global electronic
manufacturing companies outsource their production to low-cost countries in
Asia. This is more distinct in segments with higher demand for labor-intensive
works such as passive electronic components and semiconductor assembly and
testing operations than those with relatively less labor-intensive works such
as semiconductor fabrication.
The major companies operating in the inductor market include TDK
Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Vishay
Intertechnology Inc. (U.S.), Taiyo Yuden Co., Ltd. (Japan), Chilisin
Electronics Corp (Taiwan), Delta Electronics, Inc. (Taiwan), Panasonic
Corporation (Japan), ABC Taiwan Electronics Corporation (Taiwan), Pulse Electronics
Corporation (U.S.), Coilcraft, Inc. (U.S.), Shenzhen Sunlord Electronics Co.,
Ltd. (China), Bourns, Inc. (U.S.), Sumida Corporation (Japan), ICE Components,
Inc. (U.S.), and AVX Corporation (U.S.), among others.
Contact:
Mr. Shelly Singh