Fixed Inductor Market Segmented By Air Core, Ferromagnetic/Ferrite Core, Laminated Core, Ceramic Core, Toroidal Core Type in Automotive, Transmission & Distribution, Industrial Sector, RF & Telecommunication, Military & Defense, Consumer Electronics Application
Fixed Inductor market is expected to grow at a CAGR of 4.5% during the forecast period of 2021-2031. The Fixed Inductor is the passive electronic component used for the energy storage in the form of magnetic field. The coils in the fixed inductor are wound in such a way that the turns are fixed in position with respect to each other.
Fixed inductors are used in electronic filters to separate different frequencies signals, and also combination with capacitors to make tuned circuits, which are used to tune TV receivers and radio. These components have wide application in various industries such as power industry, military & defense, automotive industry, consumer electronics, and RF (Radio Frequency) & telecommunication.
Increase in the investments, R&D activities in the field of electronics related to the fixed inductors has brought the weight reduction, size minimization, and enhancements in surface mounting methods in making electronic devices. These factors fueled the demand for fixed inductors which in turn is driving the market growth.
Moreover, divers such as the increase in the demand for sophisticated designed electronic components and growing application of passive electronic components and is also boosting the market growth. Furthermore, rise in the demand for wireless devices such as routers, gateways, high-end broadcasting systems, access points, will drive the market growth in the coming years.
On the basis of end-user, the market for Fixed Inductor is segmented into automotive, transmission & distribution, industrial sector, RF & telecommunication, military & defense, and consumer electronics. Out of which consumer electronics is anticipated to hold the largest share of the global market.
The growth of the segment can be attributed to the increase in the demand for consumer electronics worldwide, such as laptops, tablets, smartphones, portable gaming consoles, and set-top boxes is the major factor influencing the demand for fixed inductors.
In comparison to all the industry verticals, consumer electronics makes the most use of the fixed inductors as filters in circuits to cut off undesirable frequencies and in various complex circuits to manage current.
North America is one of the largest markets for Fixed Inductor across the globe followed by the Asia Pacific. North America is anticipated to hold the market share of 25.25% during the forecast time period.
The growth in the region is majorly attributed to the rising penetration of smartphones & tablets, growing automation in an industrial sector, and presence of well-established ICT industry is boosting the market growth in this region.
Moreover, rising expenditure in the R&D is responsible for the market growth within the region. Besides, the region is also projected to adopt new technologies at a faster pace as compared to other countries across the globe.
Asia Pacific is anticipated to hold the largest market share of the Fixed Inductor during the forecast period. The major factor responsible for the growth is increase in the adoption of new technologies across various industries in the region. Asia Pacific has the lowest labor cost, so most of the inductors are manufactured in Asia Pacific and then is exported to the different regions.
Therefore, presence of the large hub of manufacturers is responsible for the market growth in the region. Furthermore, the increasing number of manufacturing bases in the region is driving the sales of Fixed Inductor market in the region.
Some of the leading manufacturers of Fixed Inductor market are
The key players operating in the market are focused on acquisitions, partnerships, and new product launches in order to strengthen their presence and enhance their product portfolio in the market. For instance, in September 2021, TAIYO YUDEN CO., LTD., announced that TAIYO YUDEN, a subsidiary of TAIYO YUDEN, constructed a new plant.
The new plant is to satisfy the growing demands of the multilayer ceramic capacitors and inductors used for the automobiles, electronically controlled components, 5G smartphones, communication devices and other markets.
Also, in April 2021, Murata Manufacturing Co., Ltd. has launched the LQM18DH_70” Series which is a multilayer type inductor with a low frequency noise suppression component used in vehicle-mounted power circuits.
For electronic devices to function properly, the stably power is supplied to each function. Thus, the company has designed the product with low frequency noise suppression. Product launches is one of the key strategy adopted by the company.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
By Core Type
By Application
By Region
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