Robust Electronics Production in Response to Digitalization Trends Drives the Global Inductors Market

Increased production of electronic devices in response to the digitalization trends sweeping through the manufacturing, industrial, healthcare, consumer, automotive, and telecom sectors is poised to drive the global market for Inductors to reach US$5 billion by 2022. 

Inductors are inert electronic components capable of storing energy in a magnetic field, which is generated by electricity passing through the device as per the Faraday's law of induction. Also referred to as reactor, coil or choke, inductors represent a widely used passive component type along with resistors and capacitors. 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 one of the prime factors driving market growth.

In addition, the resurgence in the automotive industry is expected to increase the demand for inductors in the sector. Modern vehicles are being integrated with a range of electrical and electronic devices such as communications systems, and automotive safety systems etc., while perking up the demand for inductors. 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.  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. Although the overall scenario remains favorable, Inductors market continues to reel under immense pressure due to certain issues and challenges. Currency exchange rate fluctuations, prevalence of unorganized players, counterfeit products, and declining margins are some of the issues hampering prospects for world inductors market.

As stated by the new market research report on Inductors, Asia-Pacific represents the largest market worldwide. Trailing at a CAGR of 7.1% over the review period, Asia-Pacific also constitutes the fastest growing market. 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.

Major players in the market include API Delevan Inc., AVX Corp., Chilisin Electronics Corp., Datatronics Inc., Delta Electronics Inc., Houston Transformer Company Ltd., KEMET Corporation, Manutech Assembly Inc., Murata Manufacturing Company Ltd., Panasonic Corporation, Pulse Electronics Corporation, Sumida Corporation, Taiyo Yuden Co. Ltd., TDK Corporation, TT Electronics Plc, and Vishay Intertechnology, 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$ Thousand for 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, South Korea, Taiwan and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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