With a projected CAGR of 3.2% 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
The important characteristics that drive the growth of the automotive grade inductors market are strong AC and DC current-resistance and a current-regulating mechanism because they enhance the performance of automotive accessories.
Today’s wireless technology has a huge impact on the state of the auto industry. The need for automotive grade inductors is being driven by the expansion of the entertainment, internet of things, and navigation system industries as well as the proliferation of wirelessly linked gadgets. Many producers in the automotive grade inductors market are developing smaller power inductors as a result of device miniaturisation.
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For instance, Vishay Intertechnology recently unveiled three new industrial IHLP low-profile, high-current power inductors with the lowest case size the business has ever produced—3.3 mm by 3.3 mm 1212—and high working temperatures of up to +155 °C. The need for automotive grade inductors is predicted to be directly impacted by the growing use of wireless technologies like GPS, GPRS, Bluetooth, and Wi-Fi devices. As a result, it is anticipated that the market for automotive grade inductors would grow as demand for technology integration rises.
Due to their reliable electrical connection, low power loss, and other desirable characteristics, copper, iron, and ferrite are frequently used in the construction of inductors. Because of its advantageous thermal and mechanical properties, copper is widely used as the raw material to produce automotive grade power inductors. A constant metal pattern density and a precise control over copper line width are needed to make inductors of automotive quality.
The top five nations importing copper, iron, and ferrite are China, Japan, India, South Korea, and Germany. As a result, changes in supply and demand may have an impact on the price of certain metals. One of the primary issues affecting the sales of automotive grade inductors is the wide price range of copper, iron, and ferrite. This demonstrates how the demand for automotive grade inductors is anticipated to be hampered by rising raw material costs.
It is anticipated that the Asia Pacific area will have much faster growth than the rest of the globe for automotive grade inductors due to the region’s high rate of passenger car production and expanding market penetration of electrically monitored accessories. The largest automobile market in the world, China is predicted to have registered 21 million vehicles by the year 2020. The sales of automotive grade inductors around the world are anticipated to be significantly impacted by this.
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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