A collective analysis on ‘Inductors market’ by 360 Market Updates, offers an exhaustive study based on current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue are in the research to develop an ensemble prediction. In addition, this research offers a detailed competitive analysis focusing on business outlook emphasizing expansion strategies accepted by market majors.This report presents a comprehensive overview, market shares, and growth opportunities of Inductors market 2021 by product type, application, key manufacturers and key regions and countries.COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
Global “Inductors Market” Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, Inductors Market is predicted to grow at a CAGR of Growing rate during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Inductors market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.
The report gives – Who are the global key players in this keyword market? What are their company profile, product information, and contact information? What Was the Global Market Status of Inductors Market? What Was Capacity, Production Value, Cost and PROFIT of Inductors Market?
Inductors Market Overview 2021:
The global inductor market was valued at USD 4,231.7 million in 2017, and is expected to reach USD 5,157.3 million by 2023, registering a CAGR of 3.57%, over the forecast period of 2018-2023. The scope of the report is limited to two types of inductors – power and frequency inductors.
The increasing use of inductors in smartphones, servers, tablets, notebooks, and portable gaming devices, GPS products, because of their capacity to withstand large currents, small size and low DC resistance, is a primary driver for the markets growth. The rapid growth in consumer electronics consumption across the world is a major breakthrough in the market. The worldwide smartphones shipments rose from 0.52 billion units in 2012 to 1.51 billion units in 2016. However, smartphones have attained the maturity in penetration and are expected to witness a stable growth in the forecast period.
With the move towards the future of connected cars and ADAS (advanced driver assistance systems), the automotive sector is expected to witness the fastest growth rate over the forecast period. However, manufacturers have not been able to reduce the size of inductors, despite extensive efforts. Thus, with the rising demand and trend of miniaturization, the inability to create more compact products poses a challenge to the inductor market.
Adoption of Advanced Consumer Electronic Devices Drives the Demand for Inductors
The evolution of touchscreens and other advanced features in consumer electronics has garnered consumers interest toward the technology and indulged them to spend on purchasing products. The rising standards of living have further contributed to the increase in the sales of the consumer electronics. There is a significant growth in purchase of home appliances and consumers are opting for premium appliances. The economic growth and increasing average disposable incomes in most of the developing countries has led consumers to opt for products of luxury brands. The growing penetration of smartphones and internet throughout the developing regions, such as India and Japan essentially, has surged the consumer interest toward the adoption of advanced digital devices.
Moreover, smart home appliances offer remote control to the existing products and are connected to internet, thus allowing the consumer to turn on and off remotely. The IoT consumer electronics will continue to gain traction. IoT-based home solutions are expected to grow exponentially by 2025. The usage of inductors in these products and the growing consumer electronic devices with increased digitalization are driving the growth of the inductor market.
Automotive Industry to Witness the Fastest Growth Rate
With the rise in automotive electronics, such as ignition, radio, telematics, engine management, and in-car entertainment systems, electronic systems have become an increasingly significant component of the cost of an automobile. With the increasing demand for hybrid electric vehicles, the need for power inductors is on the rise. The opportunities for inductors in the automotive sector include – collision avoidance systems, radar systems, and electronic braking. The drive to improve drivetrain efficiency, especially in hybrid electric drivetrain, is expected to pose a significant opportunity for inductor manufacturers.
Moreover, the TPMS (tire pressure monitoring systems) becoming mandatory has paved the path for the emergence of new opportunities for the growth of inductors in this sector. The installation of tire pressure surveillance system in North-American automobiles was made obligatory. This surveillance system is a wireless communication-based safe driving system and uses a pressure sensor to detect information on individual tires, and wireless data transmission uses the resonance of a capacitor and an inductor.
Asia-Pacific Dominated the Market
Over the last decade, owing to the cheap transport and raw material cost, Asia-Pacific has been the prime destination for manufacturers of many countries. Owing to these factors the manufacturing facilities of many countries are located in Asia-Pacific. These companies have been undergoing many changes, such as the introduction of trends, like Industry 4.0, which have been increasing the amount of automation of the production processes, subsequently leading to an increased use of inductors, owing to their presence in many electronic assemblies.
Many countries in the region have initiated the transition to more advance connectivity speeds, such as 4G, which require more number of inductors compare to the previously used technology. 4G technology needs about 60-90 pieces of inductors, whereas 3G needs about 15-20. In addition,, smart city initiatives in the region have also been on the rise, which contribute to the growth of inductors in the region. Cities, such as New Delhi, have received grants worth USD 7.8 billion by the government, to be spent in a period of five years toward smart city initiatives.
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Top Key-players/Leading Manufacturers of Inductors Market:
- TDK Corporation
- Vishay Intertechnology Inc.
- Sumida Corporation
- Panasonic Corporation
- AVX Corporation
- Murata Manufacturing Co. Ltd.
- TOKIN Corporation
- Delta Electronics Inc.
- Taiyo Yuden Co. Ltd.
With tables and figures helping analyze the worldwide Global Inductors market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global Inductors market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Key Developments in the Inductors Market:
This Inductors Market Research/analysis Report Contains Answers to your following Questions
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Inductors Industry?
- What Was the Global Market Status of Inductors Market? What Was Capacity, Production Value, Cost, and PROFIT of Inductors Market?
- What Are Projections of Global Inductors Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
- What Is Inductors Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
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- What Is Economic Impact On Inductors Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- Which Manufacturing Technology is used for Inductors? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Inductors Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Is the Current Market Status of the Inductors Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Inductors Market by Taking Applications and Types in Consideration?
- What Are Market Dynamics of Inductors Market? What Are Challenges and Opportunities?
Reasons to Purchase Inductors Market Report:
- The report analyses how stringent emission control norms will drive the global Inductors market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major Inductors market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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