With a projected CAGR of 3.20% between 2022 and 2032, the global demand for automotive grade inductors market is expected to increase in value from its projected 2022 level of US$ 2,800 Million to US$ 3,836.56 Million by the year 2032
Strong AC and DC current-resistance and a current-regulating mechanism are key features that propel the growth of the automotive grade inductors market since they improve the operation of automotive accessories.
The state of the auto business today is significantly impacted by wireless technology. The growth of the entertainment, internet of things, and navigation system businesses, as well as the spread of wirelessly connected devices, are driving the demand for automotive grade inductors. As a result of device miniaturisation, many manufacturers in the automotive grade inductors sector are producing smaller power inductors.
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Vishay Intertechnology, for instance, recently revealed three new commercial IHLP low-profile, high-current power inductors in the smallest case size the company has ever manufactured—3.3 mm by 3.3 mm 1212—with high operating temperatures of up to +155 °C. It is anticipated that the rising use of wireless technologies like GPS, GPRS, Bluetooth, and Wi-Fi devices will directly affect the need for automotive grade inductors. Consequently, it is projected that as demand for technological integration increases, the market for automotive grade inductors would expand.
Inductors are typically constructed of copper, iron, and ferrite because to their robust electrical connection, low power loss, and other desirable properties. Copper is frequently utilised as the raw material to make automotive grade power inductors because of its beneficial thermal and mechanical qualities. To produce inductors of automotive quality, a consistent metal pattern density and strict control over copper line width are required.
China, Japan, India, South Korea, and Germany are the top five global importers of copper, iron, and ferrite. Therefore, variations in supply and demand can affect the price of these metals. The wide price range of copper, iron, and ferrite is one of the main factors influencing the sales of automotive grade inductors. This shows that growing raw material costs are expected to hamper the demand for automotive grade inductors.
Due to the region’s high rate of passenger vehicle production and growing market penetration of electrically monitored accessories, it is predicted that the Asia Pacific region will experience significantly faster growth than the rest of the world’s automotive grade inductors market. China is the largest automobile market in the world, and by 2020, it’s expected that 21 million automobiles will have been registered there. This is expected to have a significant impact on the sales of automotive grade inductors globally.
Key Takeaways
- The automotive grade inductors market is expanding because of factors such as the growing need for integrated technology, the increasing prevalence of automobiles in emerging nations, and the increasing level of disposable money in those nations.
- Predicted fluctuations in raw material costs may restrain the automotive grade inductors market’s expansion.
- Market participants may wish to capitalise on the convergence of increased safety concerns and expanding foreign direct investment in the vehicle sector.
- Increases in both vehicle production and demand for passenger vehicles are expected to drive significant expansion of the automotive grade inductors market in Europe over the forecast period.
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Competitive Landscape
Mouser Electronics, Inc., Laird Technologies, TDK Corporation, Abracon, TTI, Inc., Avnet, Inc., Vishay Intertechnology, Bourns, Inc., Murata Manufacturing Co., Ltd., and Viking Tech Corporation are just a few of the major companies operating in the global automotive grade inductors market.
Due to the large number of businesses operating in it, competition is fierce. Market leaders like TDK Corporation and Abracon operate on a worldwide scale, but there are also several regional level players present in all the important growing regions, especially in Asia-Pacific.
Key Segments Covered in the Automotive Grade Inductors Market Report
Automotive Grade Inductors Market by Inductance Range:
- less than 1 Micro Henry
- from 1-10 Micro Henry
- from 10-20 Micro Henry
- from 20-30 Micro Henry
- from 30-40 Micro Henry
- more than 40 Micro Henry
Automotive Grade Inductors Market by Vehicle Type:
- Automotive Grade Inductors for Passenger Cars
- Compact
- Mid-Size
- Luxury
- SUV
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive Grade Inductors Market by Sales Channel:
- OEMs
- Aftermarket
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Recent Developments
A new line of shielded SMT power inductors, PCM120T, from TDK, was released in March 2022. These inductors include optimised designs for high saturation currents and low DC resistance.
In March 2022, Vishay Intertechnology released new commercial and Automotive Grade devices in the 2020 case size of 5 mm by 5 mm by 3.4 mm, expanding its IHLE family of low profile, high current power inductors having integrated E-field shields for the mitigation of EMI.
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