Expanding Horizons: Power Inductor Market on the Rise with Growing Demand in Consumer Electronics and Automotive Sectors
DUBLIN, Sept. 21, 2023 /PRNewswire/ -- The "Power Inductor Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The future of the global power inductor market looks promising with opportunities in the consumer electronic, automotive, aerospace and defense, and communication markets.
The global power inductor market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 4.9% from 2023 to 2028. The major drivers for this market are the emergence of 5G networks, the significant use of power inductors for high current noise filters or energy storage in DC/DC converters, and robust demand for electronic gadgets among people.
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Power Inductor Market by Segment
The study includes a forecast for the global power inductor market by product type, end-use industry, and region, as follows:
Power Inductor Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
Power Inductor Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
Power Inductor Market by Region [Shipment Analysis by Value from 2017 to 2028]:
List of Power Inductor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, power inductor companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production coss, and expand their customer base. Some of the power inductor companies profiled in this report include:
Power Inductor Market Insights
The analyst forecasts that surface mount is expected to witness higher growth over the forecast period due to the extensive use of these power inductors for energy storage while filtering EMI currents with low loss inductance for voltage conversion applications. Consumer electronics are expected to remain the largest segment due to the increasing inclination towards advanced digital devices among consumers and the widespread use of these inductors as energy storage components for computer's switch-mode power supply (SMPS). APAC will remain the largest region due to the growing number of smartphone users and the continuous expansion of the semiconductor and automation sector in the region.
Features of the Power Inductor Market
This report answers the following 11 key questions:
For more information about this report visit https://www.researchandmarkets.com/r/2wj69x
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