According to the recent study the metal power inductor market is projected to reach an estimated $5.3 billion by 2028 from $4.1 billion in 2023, at a CAGR of 5.3% from 2023 to 2028. Growth in this market is primarily driven by increasing need for these inductors in various electronic components like engine and powertrain systems, growing demand of electric vehicles, and rising trend miniaturization in automotive as well as consumer electronic industries.
A more than 150–page
report is developed to understand trends, opportunities and forecast in metal
power inductor market by product type (iron core inductor, iron powder
inductor, ferrite core inductor, and laminated core inductor), application
(automotive electronics, communications electronics, consumer electronics, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
“Iron core inductor (ICL) market is expected to remain the largest
segment during the forecast period.”
Based on product type,
the metal power inductor market is segmented into iron core inductor, iron
powder inductor, ferrite core inductor, and laminated core inductor. Lucintel
forecasts that the iron core inductor (ICL) market is expected to remain the
largest segment due to the significant use of these affordable and compact ICLs
as parts for many electrical systems such power supply, electric motors and
generators, and LCD driver ICs.
“Within the metal power inductor market, the communications
electronic segment is expected to remain the largest application.”
Based on application the
communications electronic segment is expected to witness the highest growth
over the forecast period due to the increasing use of wireless connectivity
like Bluetooth and Wi-Fi and rising demand for wireless devices for
communication across the globe.
“Asia pacific will dominate the metal power inductor market in
near future.”
APAC is expected to
witness highest growth over the forecast period due to significantly growing
consumer electronic and automobile industries in this region.
Major players of metal
power inductor market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. TDK, Murata, Samsung,
Taiyo Yuden, Sumida, and Chilisin are among the major metal power inductor
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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