Inductors Market Size, Share, Growth Analysis, By Type(Multi-layered, Film Type, Molded, Wire Wound), By Inductance(Variable Inductors, Fixed Inductors), By Core Type(Iron Core, Ferromagnetic or Ferrite Core, Air Core), By Application(General Circuits, High-Frequency Applications), By End User(Transmission and Distribution, Automotive, Military and Defense, Consumer Electronics), By Region - Industry Forecast 2024-2031

Inductors Market Drivers

Consumer electronics are increasingly evolving and developing.

• With more market rivals and game-changing technical breakthroughs, the consumer electronics sector is a dynamic one that is changing swiftly. These technological developments and innovations have improved the features and caliber of consumer electronics goods. They may also result in a greater overall use of inductors in the consumer electronics industry.

The Rising Need for Electronic Devices

• The rising need for electronic devices across a number of sectors, including consumer electronics, automotive, and aerospace, is what is driving the market for drivers’ inductors. Since inductors are a crucial part of the power electronics used in these applications, the market has grown as renewable energy sources like wind and solar power are increasingly being utilized.

Inductors Market Restraints

Variation in the Prices of Raw Minerals like Copper

• Inductors are often made of iron, copper, and ferrite due to properties including high electrical connectivity and large power losses. Coils made of copper are employed because the metal has great mechanical and thermal qualities. This is commonly used as a raw material in the manufacture of inductors.