How big is the inductor market?

The global inductor market size was estimated at USD 4,515.0 million in 2023 and is expected to reach USD 4,739.40 million in 2024.

What is the inductor market growth?

The global inductor market, in terms of revenue, is expected to grow at a compound annual growth rate of 5.5% from 2024 to 2030 to reach USD 6,540.8 million by 2030.

Which segment accounted for the largest inductor market share?

Asia Pacific dominated the global inductor market and accounted for a 45.8% share, in terms of revenue, in 2023 on account of the rising consumer electronics industry. Furthermore, the demand for smartphones, laptops, tablets, wearables, and other consumer electronics fuels the need for inductors, especially miniaturized and high-performance ones.

Who are the key players in the inductor market?

Some of the key players operating in the inductor market include Murata Manufacturing, TDK, Vishay Intertechnology, TAIYO YUDEN, Chilisin, Delta Electronics, Panasonic, ABC Taiwan Electronics, Pulse Electronics, Coilcraft, Shenzhen Sunlord Electronics, Bourns, ICE Components, Kyocera Corp AVX, Bel Fuse Inc.

What are the key factors driving the inductor market?

The key factors that are driving the inductor market include the rise in innovations and advances in consumer electronic devices are significant factors anticipated to propel the growth of the inductor market during the forecast period.