Inductor Market Worth 3.98 Billion USD by 2020
PUNE, India, February 19, 2016 /PRNewswire/ --
According to the new market research report "Inductor Market by Type (Fixed, Variable, Coupled, Multilayer, Power, and Surface Mount Inductor), Core Type (Air, Laminated, Ceramic), Application (Automotive, Transmission & Distribution) and Geography - Global Forecast to 2020", published by MarketsandMarkets, the global market is expected to grow from USD 3.05 Billion in 2015 to USD 3.98 Billion by 2020, at a CAGR of 5.5% from 2015 to 2020.
Browse 45 market data Tables and 30 Figures spread through 82 Pages and in-depth TOC on "Inductor Market"
http://www.marketsandmarkets.com/Market-Reports/inductor-market-212700102.html
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The increase in demand from industries, such as consumer electronics, telecommunications, and automobile, due to innovative technical developments over the past few years drives the overall inductor market.
The consumer electronics segment accounted for the largest market share in 2015 and is expected to grow at a high CAGR from 2015 to 2020
The demand for consumer electronics has increased due to their high penetration rate. There is a tremendous hike in demand for smartphones, tablets, laptops, notebook, servers, Blu-ray recorders, set-top boxes, portable gaming devices, GPS products, and so on. The consumer electronics is going through innovative technical developments globally, with the requirements of ICs also increasing. Since inductors act as an integral part of these devices, the growth of the consumer electronics segment consequently drives the inductor market.
The ceramic core segment is expected to register the highest growth during the forecast period
The ferromagnetic/ferrite core segment is and will dominate the inductor market in terms of value, while the ceramic core segment is projected to grow at the highest CAGR from 2015 to 2020. Ceramic has a very low thermal coefficient of expansion, and does not have any magnetic property. This allows for relatively high inductance stability over a range of operating temperatures. These properties boost the acceptance of ceramic core inductors, which in turn will enable the segment's growth at the highest CAGR during the forecast period.
Asia-Pacific is estimated to hold the largest share in the global inductor market
In 2015, Asia-Pacific accounted for the largest share of the overall Inductor Market, followed by North America. This growth is due to significant increase in the number of manufacturing hubs in China, Japan, Taiwan, and India, which in turn drives the global inductor market. The Asia-Pacific inductor market is projected to grow at the highest CAGR during the forecast period.
The key players in the inductor market are Vishay Intertechnology (U.S.), TDK Corporation (Japan), Delta Electronics, Inc. (Taiwan), Murata Manufacturing Co. Ltd. (Japan), Taiyo Yuden Co., Ltd. (Japan), AVX Corporation (U.S.), Coilcraft, Inc. (U.S.), and Panasonic Corporation (Japan).
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This report describes market trends, drivers, and challenges with respect to the inductor market and forecasts the market till 2020. The global inductor market is segmented on the basis of type into fixed inductor or choke, variable inductor, couple inductor, multi-layered inductor, power inductor, and surface mount inductor. Further, the market is segmented into core type segment, which includes air core, ferromagnetic/ferrite core, laminated core, ceramic core, and toroidal core. This market report also covers variety of applications, and provides a detailed view of the market across four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World.
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