The global inductors, cores, and beads market size was US$ 8.6 billion in 2021. The global inductors, cores, and beads market is forecast to grow to US$ 12.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030
Factors Influencing the Market
The global inductors, cores, and beads market is primarily driven by the factors like growing consumer electronics sector and rising demand for passive electronic components. In addition, increasing range of advancements in inductors, cores, and beads will fuel the growth of the overall market during the analysis period.
The electric vehicle industry is projected to grow significantly in the coming years. Moreover, the rising demand for automotive electronics will upsurge the demand for inductors, which will benefit the overall inductors, cores, and beads market during the study period.
The advent of 5G technology is projected to upscale the adoption of connected devices such as smartphones, laptops, tablets, etc. As a result, it will benefit the global inductors, cores, and beads market. Furthermore, stringent government regulations to lower carbon emissions and upscale the adoption of electric vehicles will escalate the growth of the inductors, cores, and beads market.
COVID-19 Impact Analysis
The global inductors, cores, and beads market have witnessed various obstacles due to supply chain disruptions and limitations in manufacturing capacity. Furthermore, various companies had to entirely close their factories, which ultimately affected the global inductors, cores, and beads market.
The electronics devices industry witnessed a substantial drop in product demand. Automotive manufacturers closed down their operations, which affected the other linked industries. Thus, the global inductors, cores, and beads market witnessed a significant decline owing to these factors.
Regional Analysis
Globally, the Asia-Pacific inductors, cores, and beads market is expected to emerge as the largest market during the projected period. The growth of these markets is attributed to the fact that various countries in the region are hubs for automotive and electronics.
Moreover, countries are also focusing on prompting a 5G rollout, which will ultimately benefit the inductors, cores, and beads market. In addition, stringent regulations aiming at low carbon emission will also drive the inductors, cores, and beads market forward.
Competitors in the Market
Market Segmentation
The global inductors, cores, and beads market segmentation focus on Inductor Application, Inductor Core, Inductor Type, End-Users, and Region.
By Inductor Application Outlook
By Inductor Core Outlook
By Inductor Type Outlook
By End-Users Outlook
By Regional Outlook
