Created by: MarketsandMarkets
Aug 2022
Inductor market is projected to grow from USD 5.1 billion in 2022 to reach USD 7.0 billion by 2027; at a CAGR of 6.6 % from 2022 to 2027.
Driver
Increasing innovations and developments in consumer electronic products
Restraint
Fluctuating prices of raw materials, especially copper
Opportunity
Rising adoption of electric vehicles
Challenge
Increasing complexity due to miniaturization of inductors
Asia Pacific plays a pivotal role in the development of the electrical and electronics industry. The significant growth toward manufacturing and the potential of China, Japan, and India largely contribute to this growth trend.
Murata Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN (Japan), Chilisin Electronics (Taiwan), Delta Electronics (Taiwan), Panasonic (Japan), ABC Taiwan Electronics (Taiwan), Pulse Electronics (US), Coilcraft (US), Shenzhen Sunlord Electronics (China), Bourns (US).