Inductors are components designed to resist changes and are utilized for the storage of energy in form of magnetics field and is referred to as passive electronic component. Inductor is an electric device consisting of single or multiple loops of wire and typically has two terminals. Change in magnetic field induces voltage that opposes the field-producing current which is known as inductance. An inductor is connected to a circuit to increase the inductance to a desired value. The inductance of an inductor is dependent on the number of turns/loops of copper wire around the metal/air and the radius of the copper coil.
Consumer electronics segment is expected to contribute primarily to the growth of the global inductor market. Asia Pacific countries such as India, China and Japan is expected to contribute majorly to the global inductor market during the forecast period supported by the rapid industrialization, rising urbanization and increasing disposable income of the population in the emerging economies.
The rise of deployment of smart grids and automotive, demand for compact power efficient and light weight devices is driving the growth of inductor market. Advancements in telecommunication and integration of integrated chips is rising the demand for inductors. Increased complexity in mobile devices is leading to the growth in demand for inductors hence driving the growth in revenue of global inductors market.
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