Fixed Inductor Market Share

North American Market Forecast   

The North American fixed inductor market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, backed by expected development of a consolidated integrated cockpit consisting of instrument cluster and other infotainment devices in automotive, which, along with the region's increased motor vehicle production, is driving up demand for inductors in the automotive industry. It was found that the United States motor vehicle production grew from 8,821,000 unit in 2020 to more than 9,167,000 units in 2021. Additionally, growing penetration of smart phones, and well established ICT industry present in this region are also anticipated to boost the growth of the market in this region.

APAC Market Statistics

Moreover, the Asia Pacific region is anticipated to garner the highest revenue by the end of 2036. The growth of the market in this region can be attributed to a growth in the region's diverse industries' embrace of new technologies. Since labor costs in Asia Pacific are the lowest, the majority of inductors are produced there before being sold to other countries. Hence, the presence of a sizable manufacturing hub has influenced for the expansion of the market growth in this region. Also, the region's growing manufacturing base count is fueling the need for fixed inductors there.