Fixed Inductor Market Size & Share, by Core Type (Ferrite Core, Air Core, Iron Core); Application {Analog Circuits, Signal Processing, Ripple Removal, Radio Frequency (RF) Interference, Energy Storage Devices}; End-user (Industrial, Consumer Electronics, RF & Telecommunication, Automotive, Transmission & Distribution, Military & Defense) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4201
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Fixed Inductor Market size is anticipated to reach USD 7 Billion by the end of 2035, witnessing around 4% CAGR during the forecast period, i.e.,2023-2035. In the year 2022, the industry size of fixed inductor was USD 4 Billion. The growth of the market can primarily be attributed to the growing demand for transformers which is an important part of power generation 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 was USD 10,383,284 thousand in 2020, which further increased to USD 12,791,611 thousand in 2021.

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.


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Fixed Inductor Sector: 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.

  • Rise in Preference for Wireless Devices - In comparison to about 57% of individuals who use earphones at home, about 65% of people use wireless headphones. People prefer cordless earbuds around 54% of the time compared to about 44% while using headphones outside.

Challenges

  • Fluctuations in the Costs of Raw Materials, Particularly Copper – Manufacturing of fixed inductor greatly depend of raw material prices, especially copper. Various factors are influencing copper prices to fluctuate. For instance, owing to the strengthening of US dollar the prices for copper dropped down. Additionally, during covid19, the production was slowed down. Covi19 had direct impact on manufacturing industries. Hence this factor is estimated to hinder the growth of the market.
  •  Effects of Electromagnetic Interference
  • Complications Attributed to the Size and Miniaturization of Inductor

Fixed Inductor Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~4%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2035)

~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Fixed Inductor Segmentation

Core Type (Ferrite Core, Air Core, Iron Core)

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 2035, 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.

End-user (Industrial, Consumer Electronics, RF & Telecommunication, Automotive, Transmission & Distribution, Military & Defense)

The global fixed inductor market is also segmented and analyzed for demand and supply by end-user into industrial, consumer electronics, RF & telecommunication, automotive, transmission & distribution, military & defense, and others. Out of which RF & telecommunication segment is anticipated to garner the highest revenue by the end of 2035. The growth of this segment can be attributed to owing to the launch of 5G technology, along with growing investment and growth in this sector. Moreover, the upsurge in demand for smartphones is also estimated to boost the segment growth, hence further boosting the market.

Our in-depth analysis of the global 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
  • RF & Telecommunication
  • Automotive
  • Transmission & Distribution
  • Military & Defense
  • Others

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Fixed Inductor Industry - Regional Synopsis

North American Market Forecast   

The North American fixed inductor market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035, backed by 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. Additionally, growing penetration of smart phones, and well established ICT industry present in this region are also anticipated to boost the growth of the market in this region.

APAC Market Statistics

Moreover, the Asia Pacific region is anticipated to garner the highest revenue by the end of 2035. The growth of the market in this region can be attributed to a growth in the region's diverse industries' embrace of new technologies. Since labor costs in Asia Pacific are the lowest, the majority of inductors are produced there before being sold to other countries. Hence, the presence of a sizable manufacturing hub has influenced for the expansion of the market growth in this region. Also, the region's growing manufacturing base count is fueling the need for fixed inductors there.

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Companies Dominating the Fixed Inductor Landscape

top-features-companies
    • 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.

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.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4201
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing television industry, upsurge in the telecom sector, rise in the power sector with increasing demand for electromagnetic technology are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023 - 2035.

Fluctuation in the cost of raw material, effects of electromagnetic interference are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Taiyo Yuden Co., Ltd., Murata Manufacturing Co., Ltd., Delta Electronics, Inc., ICE Components, Inc., Samsung Electro-Mechanics Co., Ltd., Yageo Corporation, Shenzhen Sunlord Electronics Co., Ltd.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by core type, by application, by end-user and by region.

The iron core segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Fixed Inductor Market Report Scope
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