Inductor Market Glaring Opportunities for Growth by 2025

Global Inductor Market: Overview

An inductor, in its simplest form, is a passive electronic component that can form a magnetic field and store electric energy. Inductors find various applications in several fields including the industries of power, automotive, aerospace, telecommunication, military and defense, and consumer electronic goods. With undying demand for energy, surging requirements for communication, and thriving automotive owing to rapid urbanization, several of these industries are touching new peaks in the recent times. Consequently, the demand in the global inductor market is anticipated to expand at a significant growth rate during the forecast period of 2017 to 2025.

Global Inductor Market: Key Trends

With sustained energy demand across the world, the demand for variety of fixed inductors such as multi-layered inductors, RF inductors, coupled inductors, coils, and chokes continue to drive the global market for the same. These inductors are used in transformers, energy storages, filters, motors, and sensors. Fixed inductors, which are light weight and are compact in size, aid in achieving smaller form factors for consumer electronic products. The inductors also continue to gain traction from its applications in the design of inductive sensors for traffic control, industrial use, and as a means of energy storage in Switch Mode Power Supply (SMPS) units.

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Several developed and emerging economies are upgrading the mobile network spectrum from 3G to 4G, which is proving to be a boon for the telecom sector and is reflecting positive on the global inductor market. Latest 4G technologies, LTE-Advanced and WiMax 802.16m for instance, are capable of sustaining peak download speeds from 100 mbps to 300 mbps, and maintain an average speed of 3 to 5 mbps. Advancements of the end-use market technologies is another prominent factor for this market, gaining traction from the development of miniature products with low inductance and higher frequency.

Legislation of electromagnetic compatibility (EMC) regulations, with which the demand for EMI/RFI shielding inductors is escalating, the rise of smart grids, popularity of high performance miniature inductors, and stringent regulations enforcing TPMS system integration are some of the other factors fueling the demand in the global inductor market.

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Global Inductor Market: Market Potential

The prosperity of the automotive industry, owing to rapid urbanization and increasing disposable income among the population in the developed and emerging economies is opening new opportunities for the players in the global inductor market. New generation vehicles now incorporate a range of electronic and electrical components, such as safety system, navigation and communications systems, control area networks, controllers, DC motors, and media & infotainment systems. Inductors are at the backbone of these advancements.

Global Inductor Market: Regional Outlook

With the presence of some of the leading manufacturing companies in countries such as China, India, South Korea, and Japan, Asia Pacific is the most lucrative region in this market. Moreover, several major vendors of electronic goods outsource their production to the Asia Pacific region owning to skilled labor at cheap cost. This sector being cost-sensitive, Asia Pacific is expected to remain the most profitable region in the global inductor market during the forecast period.

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Global Inductor Market: Competitive Landscape

Some of the leading companies currently operating in the global inductor market are TDK Corporation, Pulse Electronics Corporation, API Delevan Inc., AVX Corp., TT Electronics Plc., Chilisin Electronics Corp., Caddell-Burns Manufacturing Co. Inc., Datatronic Distribution Inc., Coilcraft, Inc., Delta Electronics Inc., Murata Manufacturing Company Ltd. , Houston Transformer Company, Ltd., Vishay Intertechnology Inc., TOKO Inc., Panasonic Corporation, Sumida Corporation, Taiyo Yuden Co. Ltd., and BI Technologies Corporation.

Multiple Industry Uses Bolsters Global Inductor Market

San Francisco, California, January 03, 2017: The global inductor market owes its rising relevance to the multiple industries where it comes in as a handy technique. An inductor possesses the ability to generate a magnetic field and successively store electric energy. This spills the utility of the inductors across a range of industries, giving a boost to the global market for inductors. The energy sector has come under the spotlight of attention across various regions and there are concerted efforts to conserve various forms of energy. This acts as a media of growth for the inductors market and offers immense scope to the various vendors operating in the market. Moreover, inductors also find their applicability across several realms such as telecommunications, power, aerospace, automotive, defense and military, and electronics. This establishes the omnipresence of inductors and offers a prolific boost to the market. TMR’s report titled “Inductor Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”, estimates that the global market for inductors would grow at a respectable pace over the coming years. The advent of rapid urbanizations is expected to be an inherent factor contributing to the wellness of the market.

Inductors have an array of categories spanning across RF inductors, coils, chokes, multi-layered inductors, and coupled inductors which can employed for preserving energy in various domains. The global awakening towards sustaining energy and deploying pragmatic solutions to effectuate energy saving has led to the demand for all the types of inductors. The wide range of inductors available within the market assist in the functioning of multiple machines such as transformers, motors, sensors, and filters. Thereby, the growth of machinery and the rise in automation across a multitude of areas shoots up the demand for inductors. The fixed inductors are an essential object for meeting the needs of consumer electronic products. Furthermore, traffic control systems also use inductors to devise sensors while Switch Mode Power Supply (SMPS) units deploy them for energy storage.

The telecommunications industry is an important end-user of the inductors that are extensively used for channeling 4G technologies and LTE networks. Besides this, miniature products have cropped up on the global landscape that aids the market for inductors. Strict policies to enforce TPMS systems along with the electromagnetic compatibility (EMC) norms have skyrocketed the prospects of growth in the global market. The technological advancements such as the provision of navigations systems and infotainment systems in vehicles requires the use of inductors, thus, offering commendable growth opportunities within the market.

The regional outlay of the market spans across the geographical pockets of Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. Due to the rising demand for inductors from the manufacturing units in China, India, Japan, and South Korea, the market in Asia Pacific engulfs immense potential for growth. Moreover, the availability of skilled labor at ridiculously low prices in this region prompts several companies to outsource their operations to Asia Pacific furthering the regional supremacy here. It is anticipated that the market in Asia Pacfic would prove to be the most lucrative in the coming years.

The leading market players for inductors include TDK Corporation, Caddell-Burns Manufacturing Co. Inc., TT Electronics Plc., Chilisin Electronics Corp., Houston Transformer Company, Ltd., AVX Corp., Vishay Intertechnology Inc., Panasonic Corporation, Datatronic Distribution Inc., TOKO Inc., BI Technologies CorporationPulse Electronics Corporation, Coilcraft, Inc., Sumida Corporation, Delta Electronics Inc., API Delevan Inc., Taiyo Yuden Co. Ltd., and Murata Manufacturing Company Ltd.

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