Inductors market to reach $10.8 billion by 2032, driven by demand for advanced devices.

From GlobeNewswire: 2024-12-04 06:00:00

The global Inductors Market was valued at USD 6 billion in 2023 and is projected to reach USD 10.8 billion by 2032. The increasing adoption of advanced devices like smartphones and wearables drives the demand for high-performance inductors. The market is also boosted by growth in the electric vehicle industry, with inductors essential for power conversion and battery management systems.

Inductors are segmented by type, with multilayer inductors expected to reach USD 3.2 billion by 2032. Air core inductors, ideal for high-frequency applications, are gaining popularity for their minimal distortion and linearity. The market is further divided by application, with RF inductors projected to have the fastest growth rate.

In North America, the U.S. dominates the Inductors Market, accounting for 76.2% of the region’s demand. Strong demand for electronic components and investments in electric vehicle technology drive market growth. Key players in the industry include Murata Manufacturing Co., Ltd., TDK Corporation, and Vishay Intertechnology, Inc.

The inductors market research report provides detailed insights and forecasts from 2021 to 2032 on various segments such as type of inductor, material, mounting type, application, and end-use industry. Global Market Insights Inc. offers comprehensive market research and consulting services to aid strategic decision-making in key industries.



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