The global inductor market is expected to achieve a valuation of US$ 21,417.5 million by 2032, experiencing a positive Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032. The rapid global digitalization trend is driving increased production and utilization of electronic goods, which in turn will significantly contribute to the expansion of the inductor market throughout the forecast period.

An inductor is a passive two-terminal electrical component that stores energy within a magnetic field when an electric current passes through it. These components find extensive use as energy storage units in various switched-mode power supplies, serving to generate direct current (DC). A significant proportion of inductors function as filters to mitigate ripple effects in electronic circuits. Moreover, they play a vital role in electrical transmission systems, serving to limit switching currents and fault currents.

Download Sample Report and Take Advantage of Ever Evolving Inductor Market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15741

Inductors are required for power conversion in power electronics. This is one of the major aspects that drives the demand for inductors in the global market. Thus, the rising popularity of power electronics also propels the growth of the inductors market. In addition to this, a considerable rise in the usage of electronically operated tools including automated machinery with computer numerical control in different industry verticals will likely bolster the global inductor market.

Moreover, the inductor market is projected to show immense growth over the upcoming decade owing to the prevailing automation trend in various end-use industries such as the automotive, consumer electronics, and power industries. All of these considerations, in addition to many others, propel the market growth of the inductor market during the forecast period.

"Rapid digitalization taking place all over the globe coupled with the miniaturization of electronics will likely supplement the global growth of the inductor market over the forecast period," says an FMI analyst.

Key Takeaways:

Heightened demand for inductors in the mobility sector will foster market growth.
Accounting for 79.7% of the market share in North America, the U.S inductor market will grow at 5.4% CAGR.
The sales of the inductor market in Germany will grow 2x by 2032, generating US$ 932.1 Mn in revenue.
China's inductor market will exceed revenue worth US$ 795.5 Mn by 2032.
By core type, the air segment will create an opportunity of US$ 5143.5 Mn during the forecast period.
Based on technique, the surface mount technology will hold 60% of the global market share.
Competitive Landscape

Murata Manufacturing, TDK Corporation, Vishay Intertechnology, Taiyo Yuden Co., Ltd., Chilisin, Delta Electronics, Panasonic, ABC Taiwan Electronics, Pulse Electronics, Coilcraft, Shenzhen Sunlord Electronics, Bourns Inc., ICE Components, Inc., Kyocera Corp AVX, Bel Fuse Inc., Wurth Elektronik, TE Connectivity, Samsung Electro Mechanics Co. Ltd., among others are some of the major players in the inductor market profiled in the full version of the report.

Leading market players are focusing on tactics like mergers, acquisitions, and expansion of their operations to strengthen their supply chain. These enterprises are also studying, developing, and releasing new products into the market.

More Insights into Inductor Market Report

In its latest report, FMI offers an unbiased analysis of the global inductor market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of inductance type (fixed inductors, variable inductors), type (film type, multi-layered, wire wound, molded), core type (air core, ferrite core, iron core), mounting technique (surface mount, through hole), application (automotive, industrial, RF, telecommunications & high-frequency applications, military and defense, consumer electronics, power generation, transmission and distributions, healthcare), and region.

According to the latest FMI reports, based on segmentation, the air core type inductors are anticipated to be the fastest growing segment, creating a growth opportunity of US$ 5143.5 Mn during the forecast period. In terms of mounting technique, the surface mount technology will continue to maintain its popularity, holding over 60% of the global inductor market share during 2022-2032.

Based on region, the inductor market in the United States is expected to exhibit substantial growth during 2022-2032. The U.S inductor market accounts for 79.7% of the market share in North America and is set to expand at a CAGR of 5.4%. The advancing automotive and consumer electronics sectors, the rising adoption of advanced technologies, as well as the strong presence of major market players are accountable for the target market growth in this country. In addition to the U.S., China and Germany, too, will demonstrate notable market growth during the forecast period.

Global Inductor Market By Category

By Inductance Type:

Fixed Inductors
Variable Inductors
By Type:

Film Type
Multi-Layered
Wire Wound
Molded
By Core Type:

Air Core
Ferrite Core
Iron Core
By Mounting Technique:

Surface Mount
Through Hole
By Application:

Automotive
Industrial
RF, Telecommunications & High Frequency Applications
Military and Defense
Consumer Electronics
Power Generation, Transmission and Distributions
Healthcare
Buy Exclusive Report and Get Immediate Access to Detailed Segment Analysis with Regional Data: https://www.futuremarketinsights.com/checkout/15741