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.
Factors influencing the growth of the Automotive Grade Inductors market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Automotive Grade Inductors market. The report discusses in detail the positive and negative impact of the pandemic on the Automotive Grade Inductors industry. The supply chain disruptions and economic volatility have altered the dynamics of the Automotive Grade Inductors industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Automotive Grade Inductors market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Automotive Grade Inductors Market and Profiled in the Report are:
Laird, TDK Corporation, Vishay Intertechnology, Inc., Mouser Electronics, Inc., Bourns, Inc., Abracon, Murata Manufacturing Co., Ltd., TTI, Inc., Panasonic Industry, and Viking Tech Corporation
Objectives of the Report:
Study of the global Automotive Grade Inductors market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Automotive Grade Inductors market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Automotive Grade Inductors market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Automotive Grade Inductors market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
-
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
Regional Segmentation:
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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