The global automotive-grade inductors market is anticipated to grow at a CAGR of 3.2% from 2022 to 2032, increasing from USD 2.8 billion in 2022 to an estimated USD 3.84 billion by 2032.
Key factors driving this market include the inductors’ strong resistance to both AC and DC currents, enabling effective current regulation that enhances the performance of automotive accessories. The rise of wireless technologies, particularly in the automotive industry, is another significant factor. The demand for automotive-grade inductors is increasing due to the growth of entertainment systems, IoT applications, and navigation systems in vehicles. This trend towards miniaturization has also led manufacturers to produce smaller, high-performance power inductors. For instance, Vishay Intertechnology recently launched a new series of compact, high-current inductors designed to operate at temperatures as high as +155°C.
As wireless technologies like GPS, GPRS, Bluetooth, and Wi-Fi become more integrated into vehicles, the demand for automotive-grade inductors will continue to rise. These inductors are typically made from materials such as copper, iron, and ferrite, which offer reliable electrical connections and low power loss. Copper, in particular, is favored due to its excellent thermal and mechanical properties. However, the fluctuating prices of these raw materials could influence the overall cost of automotive-grade inductors.
Countries like China, Japan, India, South Korea, and Germany are the top importers of the materials needed to produce inductors. Variations in supply and demand within these regions could impact metal prices and, consequently, the cost of inductors. Rising material costs are expected to present challenges for the market.
The Asia-Pacific region is predicted to witness the most significant growth in the automotive-grade inductors market, fueled by its robust passenger car production and increasing use of electrically monitored accessories. China, the world’s largest automotive market, is expected to have registered 21 million vehicles by 2020, which will likely drive global sales of automotive-grade inductors.
In-Depth Market Analysis: A Complete Report
Key Takeaways:
- The expansion of the automotive-grade inductors market is driven by the growing demand for integrated technologies, increasing vehicle ownership in emerging markets, and rising disposable incomes in these regions.
- Fluctuating raw material prices, particularly for copper, iron, and ferrite, could challenge the market’s growth.
- Market players could benefit from capitalizing on the convergence of increased safety concerns and rising foreign direct investment in the automotive sector.
- Europe is expected to see substantial growth in the automotive-grade inductors market, supported by the rise in vehicle production and growing demand for passenger cars.
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
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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