Power Inductor Market Analysis

Core (Shielded, Non-Shielded)

Power inductor market from the shielded segment is anticipated to hold largest revenue share of about 65% during the forecast period. The shielded inductor’s ability to effectively reduce power supply noise in commercial, automotive, and industrial units and designs has resulted in their widespread application and rapid segment expansion. In April 2022 to March 2023, the industry produced 2,59,31,867 vehicles, including passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, compared to 2,30,40,066 units from April 2021 to March 2022 in India.

Material (Air Core, Ferromagnetic/Ferrite Core, Iron Core, Metal Alloy)

The air core segment is expected to account for 40% share of the global power inductor market by 2037. The growth of the market is because of its practical uses in a variety of electrical devices, including radios and computers. In 2019, it was estimated that about half of private households globally owned a computer. In contrast, the percentage of homes in industrialized nations that owned a personal computer was closer to 80 percent.

Application (Consumer Electronics, Automotive, Industrial, Healthcare)

The consumer electronics segment in the power inductor market is poised to hold 42% of the revenue share by 2037.  The advent of new technologies such as wearables, 5G-enabled smartphones, and smart homes will require high voltages, which will drive additional expansion in the market for power inductors. The number of wearable devices that are connected worldwide grew significantly between 2019 and 2022. This figure increased from 929 million to around 1.1 billion in 2022.

Our in-depth analysis of the global power inductor market includes the following segments: