- The Inductor market encompasses passive electronic components that store energy in a magnetic field, used in power management, signal filtering, and energy storage across applications like consumer electronics, automotive systems, and telecommunications.
- The demand for inductors is significantly driven by the proliferation of consumer electronics, with global smartphone shipments reaching 1.4 billion units in 2024, and the growth of EVs, with 6.6 million units sold globally in 2021, doubling from the previous year.
- Asia-Pacific is expected to dominate the Inductor market due to its robust electronics manufacturing sector, holding a 37.0% market share in 2023.
- North America is expected to be the second-largest market, driven by industrial automation and high adoption of smartphones and tablets, with a 28.9% share in 2023.
- The Consumer Electronics segment is expected to dominate the market with a market share of 36.5% in 2025 due to the critical role of inductors in power regulation and signal filtering in devices like smartphones and wearables.
