Inductors Market – Global Industry Analysis, Size, Share,
Growth Report, 2032

The Global Inductors Market was valued at USD 6 billion in
2023 and is projected to grow at 6.9% CAGR from 2024 to 2032.

As more consumers adopt advanced devices like smartphones,
tablets, and wearables, the need for high-performance inductors becomes
increasingly important. Inductors are vital for managing power and filtering
signals, ensuring these devices operate efficiently and reliably. Additionally,
the trend towards miniaturization has further boosted demand, prompting
manufacturers to innovate and develop smaller inductors that still offer
excellent performance without occupying too much space. Another significant driver
of market expansion is the growing electric vehicle (EV) industry.

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With a global focus on sustainability and reducing carbon
footprints, the EV sector is booming, supported by government incentives and
changing consumer preferences. Inductors are essential in electric vehicles,
particularly in power conversion and battery management systems. They handle
high currents and minimize electromagnetic interference, making them crucial
for EV functionality. As the EV market continues to grow, so does the demand
for efficient inductors, ensuring a positive market outlook.

The inductors market is segmented by type into air core
inductors, iron core inductors, ferrite core inductors, toroidal core
inductors, multilayer inductors, and variable inductors. Among these, the
multilayer inductors segment is expected to reach USD 3.2 billion by 2032. Air
core inductors, which use air as the magnetic core material, are particularly
useful in high-frequency applications. These inductors offer minimal distortion
and excellent linearity, making them ideal for RF circuits, such as in radio
transmitters and receivers. Their lightweight and simple construction, along
with low electromagnetic interference, contribute to their widespread use.

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In terms of application, the market is divided into power
inductors, RF inductors, coupled inductors, multilayer inductors, and others.
The RF inductors segment is set to grow fastest, with a CAGR of 8.6% from 2024
to 2032. Power inductors, essential in power management systems, are used to
convert and regulate voltage levels in various electronic devices, such as
power supplies and DC-DC converters. In North America, the U.S. dominates the
market, accounting for 76.2% of the region's inductor demand. This is largely
due to the strong demand for advanced electronic components driven by the
thriving consumer electronics sector and significant investments in electric
vehicle technology.

The focus on innovation and continuous research and
development in the country fosters a competitive environment for manufacturers,
driving improvements in product performance and efficiency.

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