The automotive grade inductors market has been experiencing significant growth in recent years, driven by the increasing demand for advanced electronic components in the automotive industry. Inductors are passive electronic components that store energy in a magnetic field and are widely used in various automotive applications, including powertrain systems, infotainment systems, and advanced driver-assistance systems (ADAS).
The global automotive grade inductors market size was USD 46.71 Million in 2022 and is expected to register a steady revenue CAGR of 13.9% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the automotive grade inductors market is the growing trend towards electrification and the increasing complexity of automotive electronics. With the rise of electric vehicles (EVs) and hybrid electric vehicles (HEVs), there is a greater need for inductors to support the efficient operation of power electronics systems, such as motor drives and battery management systems. Additionally, the integration of advanced features in modern vehicles, such as ADAS and infotainment systems, requires high-performance inductors to ensure reliable and stable operation.
Moreover, the stringent government regulations and emission standards imposed on the automotive industry are also driving the demand for automotive grade inductors. Governments worldwide are encouraging the adoption of electric and hybrid vehicles to reduce greenhouse gas emissions and combat climate change. This has led to increased investments in the development of EV charging infrastructure, which, in turn, drives the demand for inductors used in charging systems.
However, the automotive grade inductors market also faces certain restraints. One of the major challenges is the high cost associated with the development and manufacturing of automotive grade inductors. These components require specialized materials and manufacturing processes to meet the stringent automotive industry standards, which adds to their production costs. Additionally, the complexity of automotive electronics and the need for miniaturization pose challenges in designing compact and high-performance inductors.
According to the International Energy Agency (IEA), the global electric car stock surpassed 10 million vehicles in 2020, indicating a significant increase in the adoption of electric vehicles. This statistic highlights the growing market potential for automotive grade inductors, as these vehicles heavily rely on inductors for their power electronics systems.
Furthermore, the National Highway Traffic Safety Administration (NHTSA) in the United States reported that the number of vehicles equipped with ADAS features, such as lane departure warning and automatic emergency braking, is increasing rapidly. This trend emphasizes the need for high-quality inductors to ensure the reliable operation of these safety-critical systems.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Automotive Grade Inductors market include:
Laird, TDK Corporation, Vishay Intertechnology, Inc., Mouser Electronics, Inc., Bourns, Inc., Abracon, Murata Manufacturing Co., Ltd., TTI, Inc., Panasonic Industry, and Viking Tech Corporation
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Automotive Grade Inductors market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Automotive Grade Inductors Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Automotive Grade Inductors Market Segmentation:
-
Inductance Range Outlook (Revenue, USD Million; 2019-2032)
- Less than 1 micro henry
- 1 to 10 micro henry
- 10 to 20 micro henry
- 20 to 30 micro henry
- 30 to 40 micro henry
- More than 40 micro henry
-
Vehicle Type Outlook (Revenue, USD Million; 2019-2032)
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
-
Sales Channel Outlook (Revenue, USD Million; 2019-2032)
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Automotive Grade Inductors Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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