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

Global Inductors Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.44 billion in 2023 to USD 9.07 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).

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. Additional projected development drivers for the inductor market include the rise in popularity of smart cities and smart homes, that demand on energy-efficient electrical and electronic devices. Furthermore, it is anticipated that advancements in telephony and chip integration may temper market growth for inductors. On the other hand, fluctuations in the prices of raw materials, notably copper, will restrict the growth of the inductor industry during the forecast timeline.

In addition, the growing demand for wireless and connected devices is likely to create further chances for the inductor industry to expand during the next few years. The future expansion of the inductor market, however, this may be further hindered by the greater complexity brought on by inductors' miniaturization.

In addition, the growing demand for wireless and connected devices will likely create further chances for the inductor industry to expand during the next few years. The future expansion of the inductor market, however, may be further hindered by the greater complexity brought on by inductors' downsizing.

US Inductors Market is poised to grow at a sustainable CAGR for the next forecast year.