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(IT-NEWSWIRE.COM, September 09, 2019 ) Market Overview
• An inductor, also known as coil or choke, is a passive two-terminal electrical component that stores electric energy in a magnetic field when electric current flows through. Inductors are connected to circuit to elevate the inductance to an optimal value; the inductance is dependent on the count of turns/loops of inductor surrounding the metal or air. Electric current flowing through a conductor generates a magnetic field surrounding it.
• Inductors find applications in multiple areas such as the automobile, electronics, healthcare, industrial, transmission and distribution, manufacturing segment, RF and telecommunication, military and defense, in filters, sensors, transformers, motors, and energy storages among others. Inductors are most widely employed for power management. The growth in the industry is fueled by increasing application of inductors in the power management solutions across various industries. Consumer electronics is the major market for inductors with the increasing use of smartphones and smart electronics, followed by automotive and power industries.
Market Dynamics
• Technical advancements in the inductor usage based on application and demand for high-performance inductors in smartphones are the key drivers for the market growth. Rising demand for inductors from the end user industries is a crucial factor boosting the growth of the global inductor market. The increasing demand has driven major companies and R&D organizations to develop technologically advanced products to meet the growing demand capabilities, improve their product portfolio and contribute to the growth of their market competitiveness.
• The number of inductors required for impedance matching and filtering increases in line with the numerous RF circuits used. According to a survey report by the International Data Corporation(IDC), the global sales value of smartphones in 2017 was US$ 478.7 billion. The total number of smartphones sold to end-users in 2010 was 296 million units, and the figure surged to 1495 million units in 2016 reaching 1536 million units in 2017.
• Fluctuating prices of raw materials is the major restraint hampering the growth of the market. Copper is one of the major constituent raw material of an inductor. The price of copper per pound increased from $2.13 in 2015 to $2.5 in 2016 and continued to increase till $3.3 in 2017 and plummeted to $2.65 in 2018. This similar fluctuating price trend was observed during 2011–2014.
Market Segmentation
• Based on type, the global market for inductors is broadly segmented as fixed inductor and variable inductor. The fixed Inductor market size was worth $ 1,380.16 million in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach $ XX million by 2026. The fixed Inductor market share was around 67.16% if the total market in 2018, and is expected to reach XX% by 2026
• On the basis of core type, the global market for inductors is classified into air core, ferromagnetic/ferrite core, laminated core, and others. The Air Core Inductor market size was worth $XX million in 2018 and is estimated to grow at a CAGR of XX% over the forecast period. The air core inductor market share accounted for 34.21% of the global market in 2018. The air-core inductors are typically used to deploy coils wound on plastic, ceramic, and other non-magnetic materials, enabling energy loss-free functioning at high frequencies.
• For instance, Coilcraft Inc. introduced AT392RAS inductors, targeting applications where high temperatures can be encountered. The components of the inductor are manufactured to meet the requirements of these demanding applications. Air-core design and select materials allow operation in ambient temperatures as low as –60°C and up to 240°C.
• Based on application, the global market for inductors is classified into consumer electronics, power industry, automotive and others.
Geographical Analysis
• The global Inductors Market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
• The North America Inductors Market is valued at US$ 388.18 Million in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a US$ XX Million by 2026. The US held 73.15% of the North America Global Inductors Market value market share in 2018 and is expected to reach XX% by 2026. The North American Inductors Market is anticipated to exhibit positive growth owing to the rising automobile sales in the US. Inductors are widely used in automobile applications in audio systems, ECU units, transmission units, noise suppression systems for motors and others. Regional companies are focusing on new product launches to expand their product portfolio and contribute to the improvement of their market competitiveness. For instance, in January 2019, Vishay Inter technology has disclosed its automotive-grade IHLP inductor in the 4040 case size sports with an increased profile of 5.4 mm. the new product offers reduced DCR, increased handling of current, higher inductance rate, and a high operating temperature range over 155°C.
• The Asia Pacific Inductors Market size was worth $1153.52 Million in 2018 and is estimated to grow at a CAGR of XX% over the forecast period. The Asia Pacific market covers China, Japan, South Korea, India, Australia, and Rest of Asia Pacific in its scope. China held 76.23% of the Asia Pacific Inductors Market in 2018 and is expected to reach XX% by 2026, for Global Inductors Market. The growth in the industry is mainly due to rapid industrialization and growing middle-class population and spending power that lead to increased investment in advanced consumer electronics and automotive.
• The growth is mainly supported by developing economies, such as India, China, and Japan. Due to the large pool of population, with increasing technological transformation such as from 3G to 4G, and ongoing developments for 5G, which doubles the need for electronics will further drive the growth in the forecast period.
Competitive Trends
• Few crucial market players are Eaton Corporation Plc, Samsung Electro-Mechanics, TDK Corporation, Agile Magnetics, Inc., Panasonic Corporation, Delta Electronics, Inc., AVX Corporation, Pulse Electronics, and Coilcraft Inc.
• The competitiveness scenario of Global Inductor Market is highly intensive, with the majority of market players following the business strategy of product launches as a means to capture significant market share.
• In February 2019, TDK Corporation launched the TFM252012ALVA thin-film metal power inductors that can be connected directly to a 12 V car battery while maintaining small dimensions with a footprint of just 2.5 mm × 2.0 mm and a height of 1.2 mm.
• In November 2018, Murata Manufacturing Co., Ltd. developed a new lineup of power inductors with Electro-static discharge withstand voltage characteristics that are the highest level in the industry for use in automotive power supplies.
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Source: EmailWire.Com 
Source: EmailWire.com
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