The Global Market for Inductors is Projected to Reach US$5 Billion by 2022

Growing Smartphone Penetration & the Trend Towards 4G Drive the Global Inductors Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Inductors market. The global market for Inductors is projected to reach US$5 billion by 2022, driven by rising demand for consumer, automotive, industrial, telecom and healthcare electronics. 

The global inductors market is set for a rapid growth, backed by the rising demand from major industries, including consumer electronics, automotive, computing, and telecommunications. Technological advancements in the end-use markets remain one of the key factors driving the demand for inductors. The end-use industries continue to drive the development of higher frequency, lower inductance, and miniature inductors. Consumer electronics holds a major share of the global market, with growth coming from booming smartphones and tablet PCs market. The telecom industry represents a strong demand hub for inductors, given the rapid pace of technological changes in the sector. The move from 3G to 4G, which doubles the need for inductors, is a prime factor driving market growth. In addition, the resurgence in the automotive industry is expected to increase the demand for inductors in the sector. In recent years, inductor manufacturers have been gaining considerable opportunities in other market segments, such as medical device electronics, power industry, military & defense, industrial equipment, aerospace electronic equipment, among others. Inductors also find specific applications in the design of inductive sensors for industrial and traffic use. Other applications of inductors include design and manufacture of inductive motors as well as a means of energy storage in Switch Mode Power Supply (SMPS) units.

The 4G technology is fast gaining popularity given its ability to deliver a higher transmission capacity than 3G, thereby increasing the need for inductors. 4G technologies, such as WiMax 802.16m and LTE-Advanced, offer peak download speeds in the range of 100-300 mbps and average speeds of 3-5mbps that are much faster compared to 3G services. Both WiMax 802.16m and LTE-Advanced offer significant benefits with respect to bandwidth capacity and lower latency, owing to which they are fast gaining traction among mobile network operators globally. Modern vehicles are being integrated with a range of electrical and electronic components, such as communications systems, automotive safety systems, mobile media & infotainment systems, Control Area Networks, DC motors, controllers etc. The coming years will witness technologies, such as navigation systems, video systems, integrated cellular, satellite technologies and mobile gaming, evolving into bundled equipment integrated in the automobiles of the future, driving the inductors market.

As stated by the new market research report on Inductors, Asia-Pacific represents the largest market worldwide, supported by rapid industrialization, developing economies, rising urbanization, growing employment opportunities, and spending power among the huge middle class segment and the ensuing increase in demand for a range of electronic devices. Increased production of electronic devices in response to this growing consumer demand is in turn providing a major fillip to the inductor market in the region. While developed countries have been the traditional revenue contributors to the market, the last decade saw developing countries in Asia-Pacific, Latin America, and the Middle East spearheading global growth, a trend which is poised to continue into the future.

Major players covered in the report include AVX Corp., API Delevan Inc., Caddell-Burns Manufacturing Co. Inc., Chilisin Electronics Corp.,  Datatronic Distribution Inc. , Delta Electronics Inc., Houston Transformer Company, Ltd., Murata Manufacturing Company Ltd. , TOKO Inc. , Panasonic Corporation, Pulse Electronics Corporation, Sumida Corporation,  Taiyo Yuden Co. Ltd., TT Electronics Plc., BI Technologies Corporation,  TDK-EPC Corporation, and Vishay Intertechnology Inc., among others.

The research report titled “Inductors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides volume market estimates and projections in US$ Thousands all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America.

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