Inductors Market - Growth, Trends, and Forecast (2019 - 2024)

The Inductors Market is Segmented by Type (Power, Frequency), End-user Vertical (Automotive, Computing, Aerospace and Defense, Communication, Consumer Electronics), and Geography.

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

North America

Largest Market:

Asia Pacific



Key Players:

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Market Overview

The market was valued at USD 4,364.52 million in 2018, and it is expected to reach a value of USD 5,411.12 million by 2024, at a CAGR of 3.73%, over the forecast period (2019-2024). The growth of the inductor market is experiencing steady growth, due to the increasing number of product launches and developments in the consumer electronics sector, demand for passive electronic components, use of inductors in automotive electronics, and adoption of smart grids.

  • Globally, the growing demand for consumer electronics, such as smartphones, tablets, portable gaming consoles, laptops, set-top boxes, and others, is the major factor driving the demand for various inductors. The market is also witnessing a boost in demand from applications, which require high reliability, in the industrial, aerospace and defense, and medical sectors.

  • Further, the automotive sector is also proving to be the most prominent option for inductor manufacturers, owing to increasing electronic components in automobiles. The major shift in the trends, in the industry, also includes the increasing durability of industry-standard interfaces for industrial applications and customization, particularly in medical, aerospace and defense, and industrial sectors.

Scope of the Report

The different types of inductors covered in the scope of the study are power inductors, and frequency inductors. The market is further segmented by different end-user verticals (automotive, computing, aerospace and defense, communication, consumer electronics).

By Type
Power Inductor
Frequency Inductor
Other Types
By End-user Vertical
Aerospace and Defense
Consumer Electronics
Other End-user Verticals
North America
Rest of the World

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Key Market Trends

Wide Adoption of Consumer Electronic Devices Expected to Increase Demand

  • Globally, the growing demand for consumer electronics, such as smartphones, tablets, portable gaming consoles, laptops, set-top boxes, and others, is the major factor driving the demand for various inductors. The evolution of touch screens and other advanced features in consumer electronics attract the consumers’ interest in technology and drive them to purchase these products.
  • The rising standards of living have further contributed to the increase in the sales of consumer electronics. The growing penetration of technology and internet, throughout the developing regions, primarily, has surged consumer interest toward the adoption of advanced digital devices.
  • There is a steady rise in focus on innovative consumer electronics that are connected. The advancements in technology, such as the development of 2-in-1 inductor array products resulting in the productive use of limited circuit space in handheld devices, provides users with multiple product solutions.
  • Smartphone functionality is continuously expanding, from fingerprint verification to controlling and monitoring the manufacturing plant or home security systems. The high-end smartphone uses about 15-25 power inductors. The usage of inductors in these products and the growing consumer electronic devices with increased digitalization are driving the growth of the inductor market.
Key trends

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United States to Account for a Significant Portion of the Market Demand

  • Due to their various applications, inductors are one of the primary components of many electronic systems. Because of the extensive usage, more inductors are being applied in several industries across North America.
  • The US consumer goods business is one of the largest in the world. According to the US Bureau of Labor Statistics data, the consumer goods market was estimated at USD 446 billion, and it is further expected to grow, thus bolstering the use of inductors.
  • Inductors are also used in various electronic devices, such as motors, sensors, etc., in the US automotive industry. The automotive industry produced about 12 million passenger vehicles in 2016. The light vehicle sales accounted for 17.5 million units in 2016, according to the International Trade Administration.
  • Due to increased applications in the US telecommunications and healthcare industries, fixed inductors are expected to register growth in the market. The healthcare sector is one of the sectors to register increased expenditure over the past decade, in the United States. According to the Center for Medicare and Medicaid Services, the medical care for each person increased to USD 9,990 per person.
Heat map

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Competitive Landscape

The inductor market's competitive landscape has also undergone a significant transformation over the past few years. The ensuing opportunities have resulted in intense competition. There are a significant number of inductor manufacturers vying for the increasing market share. As a result, OEMs are enjoying significant buying power with the leverage to choose an inductor manufacturer that best fits their business model and, more importantly, one that can adequately balance quality and price.

  • April 2019: Vishay Intertechnology Inc. expanded its offering of Automotive Grade IHLP low profile, high current inductors with a new device in the 5050 case size. The AEC-Q200 qualified device released is optimized for energy storage in DC/DC converters up to 2 MHz.

Major Players

  1. TDK Corporation
  2. Vishay Intertechnology Inc.
  3. Sumida Corporation
  4. Panasonic Corporation
  5. AVX Corporation

* Complete list of players covered available in the table of contents below

Market Concentration

Table of Contents





    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain / Supply Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Introduction to Market Dynamics

    2. 5.2 Market Drivers

      1. 5.2.1 Increase in Demand for Inductors in Automobiles

      2. 5.2.2 Adoption of Advanced Consumer Electronic Devices to Drive Demand for Inductors

    3. 5.3 Market Restraints

      1. 5.3.1 Fluctuating Raw Material Prices


    1. 6.1 By Type

      1. 6.1.1 Power Inductor

      2. 6.1.2 Frequency Inductor

      3. 6.1.3 Other Types

    2. 6.2 By End-user Vertical

      1. 6.2.1 Automotive

      2. 6.2.2 Computing

      3. 6.2.3 Aerospace and Defense

      4. 6.2.4 Communication

      5. 6.2.5 Consumer Electronics

      6. 6.2.6 Other End-user Verticals

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Rest of the World


    1. 7.1 Company Profiles

      1. 7.1.1 TDK Corporation

      2. 7.1.2 Vishay Intertechnology Inc.

      3. 7.1.3 Sumida Corporation

      4. 7.1.4 Panasonic Corporation

      5. 7.1.5 AVX Corporation

      6. 7.1.6 Murata Manufacturing Co. Ltd.

      7. 7.1.7 Sanyo Electric Co. Ltd.

      8. 7.1.8 TOKIN Corporation

      9. 7.1.9 Delta Electronics Inc.

      10. 7.1.10 Taiyo Yuden Co. Ltd.

      11. 7.1.11 Gowanda Electronics

      12. 7.1.12 Texas Instruments

      13. 7.1.13 ABC Taiwan Electronics Corp.

      14. 7.1.14 Houston Transformer Company Ltd.

      15. 7.1.15 Coilcraft Inc.

      16. 7.1.16 ICE Components

      17. 7.1.17 Pulse Electronics Corporation

      18. 7.1.18 KEMET Corporation

    2. *List Not Exhaustive


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