Inductor Market Is Set To Garner Staggering Revenues By 2031

Inductor is a passive component that is used in most power electronic circuits to store energy in the form of magnetic energy when electricity is applied to it. One of the key properties of an inductor market is that it impedes or opposes any change in the amount of current flowing through it. Increase in demand for smartphones, tablets, laptops, and other consumer electronic devices in Asia Pacific and North America is a major factor driving the market.

Several major manufacturers in Asia Pacific are increasing their R&D investments for miniaturized design of inductors, which in turn is fueling the market in the region. The region is emerging as the manufacturing hub for several applications in consumer electronics and automotive industries, thus the region is expected to dominate the global inductor market during forecast period. Strong demand for inductors from consumer electronics devices and electric vehicles in developing countries, such as India, propels the market. Presently, the global inductor market is fragmented between several large and local vendors who have presence across different regions. Most players are engaged in the development of small-sized inductors to penetrate the growing market. Market consolidation (mergers & acquisition) and a rise in investment in the market are expected to increase during the forecast period, with limited large players having strong hold on the market by 2031.

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Analysis of Key Players in Global Inductor Market

The global inductor market is consolidated with established players having a strong hold on the global market for inductors. A majority of companies are spending significantly on comprehensive research & development, primarily to develop environment-friendly products. Moreover, a large number of raw material suppliers are available across the globe or sometimes the client also provides raw interface to cater to their requirements. Expansion of product portfolios and mergers and acquisitions are notable strategies adopted by key players. ABC Taiwan Electronics Corporation, API Delevan, Inc., Bourns, Inc., Chilisin Electronics Corp., Coilcraft, Inc., Delta Electronics, Inc., ICE Components, Inc., KYOCERA AVX Components Corporation, Murata Manufacturing Co., Ltd, Shenzhen Sunlord Electronics Co., Ltd., Sumida Corporation, Taiyo Yuden Co., Ltd., TDK Corporation, Vishay Intertechnology Inc., Mag.Layers International Co.,Ltd., Prosperity Dielectrics Co. Ltd. are the prominent entities operating in the market.

 

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