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.
Since they enhance the functionality of automotive accessories, its strong AC and DC current-resistance feature and current regulating mechanism are significant factors driving the growth of the automotive grade inductors market.
Wireless technology has a significant impact on how the auto industry is currently performing. The rise of the market for automotive grade inductors is being fueled by growth in the markets for entertainment, IoT, and navigation systems as well as by the proliferation of wirelessly linked devices. Numerous producers in the automotive grade inductors industry are creating smaller power inductors as a result of the miniaturisation of devices..
For instance, Vishay Intertechnology recently unveiled three new commercial IHLP low-profile, high-current power inductors in the smallest case size the firm has ever produced—3.3 mm by 3.3 mm 1212—with high operating temperatures of up to +155 °C. The increased adoption of wireless technologies like GPS, GPRS, Bluetooth, and Wi-Fi devices is projected to have a direct impact on the need for automotive grade inductors. As a result, it is anticipated that the market for automotive grade inductors would grow as the demand for technological integration rises.
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Due to its strong electrical connection, low power loss, and other desirable characteristics, inductors are frequently built of copper, iron, and ferrite. Because of its advantageous thermal and mechanical properties, copper is a common choice for the raw material used to create automotive grade power inductors. A uniform metal pattern density and careful control over copper line width are necessary for the production of inductors of automotive quality.
The five biggest importers of copper, iron, and ferrite worldwide are China, Japan, India, South Korea, and Germany. As a result, changes in supply and demand may have an impact on the price of these metals. One of the major reasons affecting the sales of automotive grade inductors is the considerable price variation of copper, iron, and ferrite. This indicates that the market for automotive grade inductors is anticipated to be hindered by rising raw material costs.
The Asia Pacific region is anticipated to grow much faster than the rest of the world’s automotive grade inductors market due to the region’s high rate of passenger car production and rising market penetration of electrically monitored accessories. The largest automobile market in the world is China, where 21 million vehicles are anticipated to be registered by the year 2020. On a global scale, this is anticipated to have a sizable effect on sales of automotive grade inductors.
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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