The global inductor market is estimated to grow from USD 3.8 billion in 2020 to USD 4.7 billion by 2025; at a CAGR of 4.2%.

The Inductor market is dominated by a few globally established players such as Murata Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN (Japan), and Chilisin (Taiwan).

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Consumer Electronics vertical to hold largest market share of inductor market from 2020 to 2025

Consumer electronic products are vulnerable to operational threats from voltage transients such as lightning and electro-static discharge (ESD), short circuits, or overload conditions. These products must comply with the ongoing regulatory standards for safe and energy-efficient operation, transmission, and the distribution of power/signal. The growing demand for consumer electronics across the world, such as smartphones, tablets, portable gaming consoles, laptops, and set-top boxes is the major factor driving the demand for various inductors.

Ferrite core inductors to hold the largest market share during forecast period

A ferromagnetic core uses iron or ferrite materials to increase inductance. It offers higher resistance compared with other inductor core types, however, it is not always reliable as it reaches its magnetic saturation level relatively quickly when dealing with high inductance. Ferrite core inductors are used in surface acoustic wave (SAW) filters and voltage-controlled oscillator (VCO) circuits for telecommunication, hard disks, notebook computers, and other electronic equipment. Several applications associated with ferrite core inductors are broadband transformers, noise filters, power transformers, converter and inverter transformers, and others.

Wire-wound inductors are expected to hold largest market share during forecast period

Wire-wound inductors have a core made of magnetic metals such as iron or ferrite with a wire wound around it. Unwanted radio frequencies can interfere with audio sound quality and disrupt electrical circuits. Thus, wire-wound inductors are used as they can block or filter radio frequencies. They are typically found in car audio systems and electronic control units (ECUs) and also in electronic equipment used in communication infrastructures and mobile base stations.