Global Inductor Market: Growth, Trends and Forecast (2018-2023) - A $5.15 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Inductor Market - Segmented by Type (Power, Frequency), End-user Vertical (Automotive, Consumer Electronics, Communication), and Region - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The market was valued at USD 4,231.7 million in 2017 and is expected to reach a value of USD 5,157.3 million by 2023, at a CAGR of 3.57% over the forecast period (2018-2023).
The increasing use of inductors in smartphones, servers, tablets, notebooks, and portable gaming devices, GPS products, because of their capacity to withstand large currents, small size and low DC resistance, is a primary driver for the market’s growth.
The rapid growth in consumer electronics consumption across the world is a major breakthrough in the market. The worldwide smartphones shipments rose from 0.52 billion units in 2012 to 1.51 billion units in 2016. However, smartphones have attained the maturity in penetration and are expected to witness a stable growth in the forecast period.
With the move towards the future of connected cars and ADAS (advanced driver assistance systems), the automotive sector is expected to witness the fastest growth rate over the forecast period. However, manufacturers have not been able to reduce the size of inductors, despite extensive efforts. Thus, with the rising demand and trend of miniaturization, the inability to create more compact products poses a challenge to the inductor market.
Key HighlightsAdoption of Advanced Consumer Electronic Devices Drives the Demand for Inductors Automotive Industry to Witness the Fastest Growth Rate Asia-Pacific Dominated the Market
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Global Inductor Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Future of the Market
Companies ProfiledTDK Corporation Vishay Intertechnology Inc. Sumida Corporation Panasonic Corporation AVX Corporation Murata Manufacturing Co. Ltd. Sanyo Electric Co. Ltd. TOKIN Corporation Delta Electronics Inc. Taiyo Yuden Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/g47qnp/global_inductor?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005583/en/
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SOURCE: Research and Markets
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PUB: 12/18/2018 10:48 AM/DISC: 12/18/2018 10:48 AM