Chip Inductor Market is set for a Rapid Growth and is Expected to Reach USD 9.72 Billion by 2032

Zion Market Research has published a new report titled “Global Chip Inductor Market by Type (Winding Type, Laminated Type, Film Type, Weaving Type, and Other), by Applications (Communication Systems, Consumer Appliances, Automotive, Robotics, Power Industry, and Others) and by Region. According to the report, the Chip Inductor Market was worth USD 5.22 Billion in 2023. The market is forecast to reach USD 9.72 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period 2024-2032.

Browse the full “Global Chip Inductor Market by Type (Winding Type, Laminated Type, Film Type, Weaving Type, and Other), by Applications (Communication Systems, Consumer Appliances, Automotive, Robotics, Power Industry, and Others) and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/chip-inductor-market

An inductor is a passive two terminal electrical component which stores energy in magnetic field when current flows through it. Low frequency application requires high inductance value which in turn increases the size of inductors. Therefore chip inductors are usually available in high frequency applications. Wide inductance range is their prime forte therefore they are used in maximum electronics devices.

According to Consumer Technology Association, the leading voice in the consumer electronics and technology sector, consumer demand for smart devices will provide robust growth to the market of chip inductor. Product differentiation and the development of emerging technologies are changing the landscape of the electronics industry. In addition to that, demand for smart wearable, smartphones, and smart home appliances will increase the demand for chip inductors.

Chip inductors play a prominent role in wireless communication system. Automakers and related manufacturers are competing to achieve ‘dream cars’ with advanced safety sytems, automatic braking, lane keeping, and automatic parking being incorporated in cars. Self driving cars requires to communicate with other cars and with infrastructure where they are operating, thus future automotive industry need strong and developed communication system. Hence, development in automotive industry will fuel the demand for chip inductors. Despite promising growth, entry for the new market players is difficult due to economies of scale and scope in existence. High switching costs and brand loyalty of consumers are also challenges for new market players but it can be nullified by innovative practices and technological up-gradation. In this era of disruptive technology, it will be challenging for competitors to stay ahead of an innovation curve.

The chip inductor market is segmented on the basis of various parameters such as type and applications. On the basis of type, the market is bifurcated into winding type, laminated type, film type, weaving type, and others. According to applications, it is bifurcated as communications systems, consumer appliances, automotive, robotics, power industry, and others. Among these use of chip inductor in electrical vehicles will see significant growth in the coming years. Generous subsidies and favorable government policies will be instrumental for the growth of EVs. Recently China has welcomed Tesla to setup its factory for e-vehicle. Further, due to the global trend of rising labor costs, labor turnover and shortages, demand for chip inductors in robotics will be tremendous. Furthermore, the chip inductor market is analyzed based on regions into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Major countries form the respective regions are also analyzed in the research study such as the U.S., UK, Germany, France, China, Japan, India, and Brazil.

Some of the key players operating in the global chip inductor markets are Murata, Panasonic, Toko, Sumida, Sagami, TDK, Taiyo Yuden, Chilisin, Sunlord, and Microgate among others.

The report segments the global chip inductor market as follows

Global Chip Inductor Market: Type Segment Analysis

• Winding Type
• Laminated Type
• Film Type
• Weaving Type
• Others

Global Chip Inductor Market: Application Segment Analysis

• Communication Systems
• Consumer Appliances
• Automotive
• Robotics
• Power Industry
• Others

Global Chip Inductor Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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