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Fixed Inductor Market Analysis by Core Type (Ferrite Core, Air Core, and Iron Core) by Application (Analog Circuits, Signal Processing, Ripple Removal, Radio Frequency (RF) Interference, and Energy Storage Devices) and by End-User (Industrial, Consumer Electronics, RF & Telecommunication, Automotive, Transmission & Distribution, Military & Defense and others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Panasonic Corporation – announced the commercialization of PCC-M15A0MF series, 15.6 mm square inductor. It is a low-loss and high vibration-resistant surface mounted automotive power inductor which fulfills the market need for larger working currents and smaller ECU (Electronic Control Unit) board. The demand for the power inductor is increasing with rising performance of automotive device functions.
  • TAIYO YUDEN CO. LTD. - announced the inclusion of 7 items in two sizes, counting LCCNF1608KKTR24MAD to the AEC-Q200 qualified multilayer metal power inductor MCOIL LCCN series. Along with maintaining the compact size of the metal power inductor MCOIL LSCN series, the LCCNF1608KKTR24MAD has a wider operating temperature range of -55 to +150°C and features industry-leading DC superposition characteristics with saturation current at 3.2 A and low DC resistance with 35 mΩ.

Global Fixed Inductor Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Fixed-Inductor-Market-Demand

The global fixed inductor market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. Further, the market generated a modest revenue in the year 2021. The growth of the market can primarily be attributed to the growing demand of transformers which is an important part of power grid worldwide. For instance, according to the data published in the ITC Trade Map, the global value of the import of parts of electrical transformers and inductors, n.e.s. was USD 10,383,284 thousand in 2020, increasing to USD 12,791,611 thousand in 2021.

Fixed-Inductor-Market

The coils in a fixed inductor are wound such that the turns remain fixed in position with respect to each other. A fixed conductor either has a core whose air gap and position within the coil is fixed or has no magnetic core. They tend to be more compact and convenient inductors, and they are a smart choice for applications in which steady inductance is expected. The wide use of fixed conductors in combination with capacitors to make tuned circuits, which are used to tune radio and TV receivers, is expected to create massive revenue generation opportunities for the key players operating in the global fixed inductor market during the forecast period. It was found that, in the year 2021, the worth of the United States television industry was estimated to be more than 200 billion. The amount spent on TV subscription services was estimated to be USD 119 billion in 2021, which grew by approximately 5 billion in 2020.

Global Fixed Inductor Market: Growth Drivers and Challenges

Growth Drivers

  • Upsurge in the Telecom Industry – the surge in the RF & telecommunication sector and demand for integrated chips is expected to boost the demand for fixed inductors. In the year 2021, the tele-density in India was more than 85% and the gross revenue of the telecom sector was approximately USD 8.75 billion in the first quarter of 2022.
  • Positive Trend in Export of Electrical Parts- the rising use of inductors in connection with capacitors to create a tuned circuit that serves as a resonator for oscillating current has driven the market for fixed inductors. As per the ITC Trade Map statistics, the value of the export of “parts of electrical” “pre-set” capacitors, fixed, variable or adjustable, grew from USD 1,344,008 thousand in 2020, to USD 1,500,875 thousand in 2021, globally. 
  • Increasing Number of Smart Cities – growing number of smart cities and smart homes is attributed to increase the demand for energy efficient electronic appliances and devices which is forecasted to propel the demand for fixed inductors. In the year 2019, ~102 cities were ranked under the Smart City Index.
  • Growing Export of Aerospace and Defense (A&D) Industries – the rise in the demand for electromagnetic technology viz, transformers and inductors in the A&D industry is escalating the need for fixed inductors. The A&D industry maintained its positive trade balance in United States, worth ~USD 40 billion in 2020.

 Challenges

  • Fluctuations in the Costs of Raw Materials, particularly Copper
  •  Effects of Electromagnetic Interference
  • Complications Attributed to the Size and Miniaturization of Inductor

The global fixed inductor market is segmented and analyzed for demand and supply by core type into ferrite core, air core, iron core. Amongst these, the iron core segment is anticipated to garner the largest revenue by the end of 2031, backed by the growing use of iron core inductors in filter circuits to smoothen the ripple voltage. The wide use of iron core in industrial power supply along with its use as an ampere frame (AF) choke in fluorescent tube lights (lamps) in residential power supplies is expected to propel the market. It was found that, in the year 2020, in the United States the average annual electricity consumption for residential utility customers was 10,715 kilowatt-hours (kWh), summing to an average of approximately 893 kWh per month.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market. 

Global Fixed Inductor Market Regional Synopsis

Regionally, the global fixed inductor market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, North America is expected to have the largest market share by the end of 2031, owing to the expected development of a consolidated integrated cockpit consisting of instrument cluster and other infotainment devices in automotive, which, along with the region's increased motor vehicle production, is driving up demand for inductors in the automotive industry. It was found that the United States motor vehicle production grew from ~8,821,000 unit in 2020 to more than 9,167,000 units in 2021.

Fixed-Inductor-Market-Size

The global fixed inductor market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global fixed inductor market includes the following segments:

By Core Type

  • Ferrite Core
  • Air Core
  • Iron Core

By Application

  • Analog Circuits
  • Signal Processing
  • Ripple Removal
  • Radio Frequency (RF) Interference
  • Energy Storage Devices

By End-User

  • Industrial
  • Consumer Electronics
  • R&F Telecommunication
  • Automotive
  • Transmission & Distribution
 

Top Featured Companies Dominating the Global Fixed Inductor Market

  • Panasonic Holdings Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Taiyo Yuden Co., Ltd.
  • Murata Manufacturing Co., Ltd.
  • Delta Electronics, Inc.
  • ICE Components, Inc.
  • Samsung Electro-Mechanics Co., Ltd.
  • GCI Technologies
  • Yageo Corporation
  • Shenzhen Sunlord Electronics Co., Ltd.
  • Arrow Electronics, Inc.,

 

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