The inductor market is projected to grow from USD 5.1 billion in 2022 and is projected to reach USD 7.0 billion by 2027; it is expected to grow at a CAGR of 6.6 % from 2022 to 2027.
Increasing innovations and developments in consumer electronic products, growing trend of smart cities and smart homes that require energy-efficient electronic and electrical systems is expected to fuel the growth of the inductor market.
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Key strategies adopted by the players in the inductor ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.
In June 2021, TDK (Japan) launched the new TFM201208BLE series of inductors optimized for space-constrained smartphone power circuits. These are available in 0.24, 0.33 and 0.47 µH versions.
In December 2021, Murata Manufacturing (Japan) announced the availability of the DFE21CCN_EL series of power inductors for 5G smartphones. These inductors exhibit a 20% increase in saturation current (Isat) and a 50% reduction in DC resistance (RDC) over their predecessors. These parameters help to raise operational efficiency levels and enable downsizing of system designs.
TDK relies on its product portfolio enhancement and R&D investment for its business growth. R&D investment helps the company to leverage strong technical and domain expertise across its organization. TDK has advanced diversification and globalization of its business operations while actively pursuing M&As, collaboration with external partners and other initiatives. Moreover, the company is expected to enhance its product portfolio to drive product integration. This will help the company to attract new customers and increase its total addressable market. TDK focuses on organic growth strategies to expand its presence across the world. The company focuses on new product development and product launches expand into new potential markets. The company has robust R&D capabilities with the total investment of ~USD 1.2 billion in 2021. The company has been consistently launching new products with enhanced functionality in the market. For example, in June 2022, June 2022 TDK launched the new TFM201208BLE series of inductors optimized for space-constrained smartphone power circuits. These are available in 0.24, 0.33 and 0.47 µH versions.
Murata Manufacturing is one of the dominant players in inductor market. The company has a broad product portfolio for inductors, thereby providing a whole range of deployments for different verticals. The company relies on a combination of internal marketing professionals, external marketing agencies, and a network of ecosystem and channel partners to effectively communicate their value proposition and differentiation to generate qualified leads for channel partners. Moreover, for their business growth, the company primarily focuses on R&D to improve and enhance its existing inductor portfolio, as well as develop new products, features, and functionalities. Premier focus on distribution network and skilled workforce are Murata Manufacturing’s key success pointers. Company has recently developed inductors for 5G smartphones, which gives a competitive edge in inductor market. Murata Manufacturing focuses on organic growth strategies to expand its market presence. The company considerably relies on new product developments and product launches to consolidate its market share in existing operational markets.
Inductor Market by Inductance (Fixed, Variable), Type (Wire wound, Multilayered, Molded, Film), Core Type (Air, Ferrite, Iron), Shield Type (Shielded, Unshielded), Mounting Technique, Vertical, Application, Geography - Global Forecast 2027
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