Inductors, coils, and chokes are essential components in electronic circuits. They are used to store energy in a magnetic field and regulate the flow of current. These components are widely used in various applications, including power supplies, filters, amplifiers, and oscillators. The market size of inductors, coils, and chokes is significant, and it is expected to grow in the coming years.
Market Overview
The global inductors, coils, and chokes market size was valued at USD 3.5 billion in 2020 and is expected to grow at a CAGR of 4.5% from 2021 to 2028. The increasing demand for electronic devices, such as smartphones, laptops, and tablets, is driving the growth of the market. The rise in the adoption of electric vehicles and renewable energy sources is also contributing to the growth of the market.
The market is segmented based on type, application, and region. Based on type, the market is segmented into fixed inductors, variable inductors, coupled inductors, and multilayered inductors. Fixed inductors are the most commonly used type of inductors, and they are used in various applications, including power supplies, filters, and amplifiers. Variable inductors are used in tuning circuits and frequency modulation. Coupled inductors are used in transformers and power supplies. Multilayered inductors are used in high-frequency applications.
Based on application, the market is segmented into automotive, consumer electronics, industrial, healthcare, and others. The consumer electronics segment is the largest segment, and it is expected to grow at a significant rate in the coming years. The increasing demand for smartphones, laptops, and tablets is driving the growth of the segment. The automotive segment is also expected to grow at a significant rate due to the increasing adoption of electric vehicles.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for inductors, coils, and chokes, and it is expected to grow at a significant rate in the coming years. The increasing demand for electronic devices and the rise in the adoption of electric vehicles are driving the growth of the market in the region.
Key Players
The key players in the inductors, coils, and chokes market include TDK Corporation, Murata Manufacturing Co., Ltd., Vishay Intertechnology, Inc., Taiyo Yuden Co., Ltd., Panasonic Corporation, Bourns, Inc., Sumida Corporation, Delta Electronics, Inc., Pulse Electronics Corporation, and Coilcraft, Inc. These companies are focusing on product innovation and development to stay competitive in the market.
Recent Developments
In March 2021, TDK Corporation announced the development of a new series of power inductors for automotive applications. The new series offers high heat resistance and high current capability, making it suitable for use in electric vehicles.
In February 2021, Murata Manufacturing Co., Ltd. announced the development of a new series of inductors for use in wireless charging systems. The new series offers high efficiency and low heat generation, making it suitable for use in smartphones and other electronic devices.
In January 2021, Vishay Intertechnology, Inc. announced the release of a new series of inductors for use in automotive applications. The new series offers high current capability and high temperature stability, making it suitable for use in electric vehicles.
Conclusion
The market size of inductors, coils, and chokes is significant, and it is expected to grow in the coming years. The increasing demand for electronic devices, the rise in the adoption of electric vehicles, and the increasing use of renewable energy sources are driving the growth of the market. The market is highly competitive, and the key players are focusing on product innovation and development to stay competitive in the market. The future of the market looks promising, and it is expected to grow at a significant rate in the coming years.
