Inductor Market - Forecasts from 2025 to 2030

The inductor market is projected to grow from US$6.745 billion in 2025 to US$8.742 billion in 2030 at a CAGR of 5.32%.

An inductor is a two-terminal electric component that stores energy in the magnetic field when electric current flows through it. It is efficiently used in electronic devices such as smartphones as during the power-on process of certain smartphones, inductors' main function is to keep up with the current stable and also protect the safety of the smartphone or any electronic device.

Furthermore, inductors offer multiple benefits, like it helps to change electrical energy to magnetic energy, and regulating the flow of DC currents, restricting the AC current. The bolstering growth in major end-users is anticipated to propel the market expansion on global scale.

Inductor Market Drivers

Bolstering growth in automotive is expected to drive the inductors demand globally.

In the automotive sector, the inductors play an important role, as these are used to regulate the voltages of the circuits and maintain a stable output. The use of inductors also improves the reliability of the vehicle, along with increasing the performance capability. With the increasing demand for the new automotive, the market size of the global inductor market is also expected to increase.

According to the International Organization of Motor Vehicle Manufacturers (OICA), the total number of vehicles sold in 2023 was about 92.724 million, a significant increase from 82.871 million in 2022. About 50.750 million units of passenger cars were sold in 2022, which increased to 57.013 million in 2023.

Moreover, the same source specified that the global automotive production also experienced a positive growth in 2023 with the production volume reaching up to 93.54 million units which signified a 10.27% growth over 2022's production figure.

Inductor Market geographical outlook

North America will continue to be the dominant market shareholder during the forecast period.

Geographically, the Inductor market has been segmented into North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific.

During the forecast period, Asia-Pacific is anticipated to show significant growth fueled by the ongoing investment in enhancing industrial productivity in major economies namely China, India, Japan and South Korea. For instance, the increased demand for high-end smartphones, particularly those with innovative features like folding screens has made Chinese manufacturers to upgrade their game on their products' thicknesses, screen quality as well as battery life. This will increase demand for inductors in China driven by consumers whose preferred mode of communication is through wireless networks, thereby leading to the inductor market expansion.

Likewise, the growing automotive production, rapid urbanization and improvement in living standards have boosted the demand and consumption of consumer electronics such as smartphones in China. For instance, the number of mobile subscribers in China increased to 1.29 billion in 2022 with an 87% penetration rate, resulting in high demand and leading to market growth

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Inductor Market is analyzed into the following segments:

By Type

• Air Core Inductor
• Ferrite Core Inductor
• Others

By End-User Industry

• Automotive
• Industrial
• Telecommunication
• Defense
• Consumer Electronics
• Others

By Application

• Radio and High Frequency Applications
• Power Supplies
• DC-DC Converters
• Mobile Communication System
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific