Inductors, Cores And Beads Market Overview

Hair Color Market Size Was Valued at USD 10.23 Billion in 2023, and is Projected to Reach 27.95 USD Billion by 2032, Growing at a CAGR of 12.1% From 2024-2032.

Inductors are passive two-terminal electrical component that stores energy in a magnetic field when electric current flows through it. The study in the report indicates segments of inductor, core, and beads market by inductor application and by inductor core.

The growth of the global inductor market is steady at current situation due to the increasing number of product launches and developments in the consumer electronics sector, rising demand for passive electronic components, growing use of inductors in automotive electronics, and increasing adoption of smart grids. Moreover, as most of consumer electronic products are high-power devices, plus the power ranges from hundred and more kilowatts, the number of magnetic components to be used depends on the power of the charging pile hence, the value of inductors spikes in such case, such many erratic factors are involved in the market making it assorted.

COVID-19 Impact Analysis on Inductors, Cores And Beads Market

The COVID-19 pandemic has several negative effects on the global manufacturing sector because of supply chain disruptions. It has affected various end-users of inductors, cores, and beads. Also, the electronics devices are expected to be impacted significantly by the COVID-19 outbreak as China is one of the major suppliers of raw materials and finished products. The industry is on the brink of facing a reduction in production, disruption in the supply chain, and price fluctuations. Even the most prominent players in the market are also facing huge troubles.

The primary reason in the fall of industry was supply chain difficulties across the market which increased by time as various manufacturers witnessed the closure of their factories and sites.

Market Dynamics And Factors

Drivers:

Several elements like 5G technologies and IoT are the actual market promoters as it helps in raising the demand for various connected devices such as smartphones, laptops, tablets, communication infrastructure equipment, and various other electronic devices. 5G offers massive machine-type communication (mMTC), which is poised to support tens of billions of network-enabled devices to be wirelessly connected. Modern communication systems already serve several MTC applications, this whole thing in correspondence with other factors affects the market in a positive way.

The increasing demand for consumer electronics, such as smartphones, tablets, laptops, set-top boxes, and portable gaming consoles, is the only conspicuous factor driving the demand for various inductors.

Restraints:

At beginning level, the market is challenged by the prices of raw materials such as nickel, iron, molybdenum, etc., as their prices have seen significant changes in recent times. Due to the pandemic, the global precious metal market is witnessing adverse effects of the supply chain issues hence affecting the market.

As for example, nickel is an indispensable element for steel industries and therefore crucial to industrial countries, in recent times, the price of the element is most affected by continuing lockdown in some parts of the world, coupled with supply-side restraints. China felt short for the nickel as Indonesia, the largest miner and exporter of nickel had banned exports of the metal.

Opportunities:

The market opts many great opportunity attractants like rising new and upgraded consumer electronics demand which can see to further fuel the growth over the coming years for example, the demand for 5G devices is expected to be higher especially in North America currently.

Also, the proliferation of IoT technology fused with growing demand for smart home and smart city solutions is expected to further spike the demand for electronic components. Thoroughly, Industrial IoT is expected to witness a higher growth rate and more connections compared to consumer IoT solutions by year 2023. The market witnesses the opportunity for companies in the form of Miniaturization of the technology which is expected to be one of the strategic focal points in the market.

Market Segmentation

Segmentation Insights

By Inductor Application, power inductors which are the electronic devices that can receive and store electrical energy by using a magnetic field owns the largest share of 62.85% in the market in 2020, and on the other hand frequency inductors which are used for high-frequency circuits are anticipated to witness the highest CAGR over the forecast years.

By Core Segmentation, air/ceramic core accounted for the largest share of 47.18% in the market in year 2020, and other core types are expected to witness the highest CAGR over the forecast period. The most adequate growth is seen in other types of cores rising from about 1.69 USD in year 2019.

Speaking about the Inductor Type segment Multilayer Chip owns a largest share in the market of around 4.62 USD in upcoming period, followed by Molded SMD Wire Wound and then the other types such as axial and radial.

By End-User Industry, consumer electronics and computing hold a very dominant position in the market with the largest share of 50.40% in the market in 2020, and further automotive is anticipated to witness the highest CAGR over the coming years.

Regional Insights

Regionally, Asia-Pacific owns the largest share of 56.97% in the market in 2020 and is expected to record the highest CAGR over the forecast period. Due to cheap transport and raw material cost this region has become the prime destination for the manufacturers throughout the world. Many countries in this region have already moved towards more advanced connectivity speeds, such as 5G. As per GSMA, mobile operators in Asia-Pacific region are expected to invest over USD 400 billion on their networks between 2020 and 2025.

North American region is also flourishing as, several major EV brands, such as Tesla, Ford, and Chevrolet, stand to be the key sources of demand apart from several international brands assembling their EVs in the region. Also, the United States have increased its intelligent transportation spending in the past few years, encouraging several EV startups and R&D programs in the region. Latin American countries are also more focused on the development of electric vehicles but the growth is relatively lower. However, government incentives are acting as a major driving force for the use of inductors in the EVs.

Europe is one of the most technologically advanced regions if speaking about telecommunication equipment. Many technologies, such as payments through NFC and 5G technologies upgradations, are driving the growth of inductors in the European market. The market for electric cars is also pretty much vast in the region. Europe is anticipated to stand with a CAGR of 3.3%.

Players Covered in Inductors Cores And Beads market are :

•    TDK Corporation

•    Vishay Intertechnology, Inc.

•    Panasonic Corporation

•    Murata Manufacturing Co., Ltd.

•    Taiyo Yuden Co., Ltd.

•    KEMET Corporation

•    AVX Corporation

•    Texas Instruments

•    TT Electronics Plc

•    Hefei MyCoil Technology Co., Ltd.

•    Laird Technologies

•    Samsung Electro-Mechanics Co., Ltd.

•    Würth Elektronik GmbH & Co. KG

•    Yageo Corporation

•    Chilisin Electronics Corp.

•    Bourns, Inc.

•    API Delevan, Inc.

•    Sunlord Electronics Co., Ltd.

•    Johanson Technology, Inc.

•    Littelfuse, Inc, and Other Active Player

Key Industry Development:

• In January 2025, TDK Corporation announced the enhanced next-generation InvenSense VibeSense360™ solution for state-of-the-art spatial audio head tracking. Provides the most immersive and ultra-low-power spatial audio solution with TDK’s lowest-power 6-axis IMU, with the addition of a head tracking solution at 280 µA with industry-leading accuracy