Chip Power Inductor Market Size, Share, Growth, and Global Industry Analysis, By Type (Non-Shielded Chip Power Inductor, Shielded Chip Power Inductor), By Application (Automotive Electronics, Communications Electronics, Consumer Electronics, Computer, Others), Regional Insights, and Forecast To 2032

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CHIP POWER INDUCTOR MARKET REPORT OVERVIEW

The global chip power inductor market size was USD 1.2 billion in 2023 and the market is projected to touch USD 1.6 billion by 2032 at a CAGR of 3.82% during the forecast period.

Chip power inductor also known as high current inductors, surface mount high power inductors and power inductors. These are small size, low resistance, high energy storage, and high quality source of current. As the demand for electronic devices is increasing, the use for artificial intelligence is on rise, processing chips used in them are also developing which in turn contribute to the growth of chip power inductor market. Whether it's PCs, mobile phones, or car gadgets they all use chip power inductor.

There are several applications of chip power inductor also, industrial sectors, consumer electronics, and automotive telecommunications. These inductors are passive electronic components of transferring current power from one source to another.

COVID-19 Impact- Mixed Impact On The Market Due To Disruption Of Supply Chain

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

During the initial days of COVID-19 the market saw downfall due to the disruption in the supply chain of semiconductors which in turn affected the production and supply of chip power inductor. However, when the government imposed a lockdown, all the school, offices were shut down and people had to work or study remotely. Use of electronic gadgets such as PCs, tablets, and mobile phones became necessary which in turn led to the growth of the market, as chip power inductor are used for signal integrity and power management in these objects. Electric power vehicles and 5G technology also increased the demand for chip power inductor.

LATEST TRENDS

"Demand For Miniaturization Of Chips By Consumers To Propel The Market"

As per the latest trend, the size of the chip is what keeps it in demand as it is small and lightweight but works with its full efficiency. Manufacturers in the market to focus on making portable chips but with high power performance. Combining advanced objects such as nanomaterial, thin films infused in the inductor has increased the demand for the market.

CHIP POWER INDUCTOR MARKET SEGMENTATION

• By Type

On the basis of type the market is divided into Non-Shielded Chip Power Inductor and Shielded Chip Power Inductor.

• By Application

On the basis of downstream industry, the market is segmented into automotive electronics, communication electronics, consumer electronics, computer, and others.

DRIVING FACTORS

"Rise in Electric Vehicles And Demand For Consumer Electronics To Drive The Market"

Rise in the use of several technologically advanced electronic devices such as, smartphones, tablets, laptops, smartwatches, and several gaming consoles by consumers has driven the growth of the market. As the consumers are shifting towards being eco-friendly, the use of electronic vehicles is on rise. The vehicles need an adequate power handling system which is driven by chip power inductor. The chip power inductor provide equal amounts of power through the body of electric vehicles and also administer the charging of vehicles.

"Surge in The Demand For Wireless Communication to Propel the Market Growth"

In recent years the use of wireless communication is on rise, the introduction of 5G technology with high-speed wireless communication has given way to these inductors to establish itself strongly in the market. The chips help in reducing the noise and supervise the distribution of power equally which has led to chip power inductor market growth.

RESTRAINING FACTORS

"Disruption of Supply Chain Leading To Downfall of the Market"

There is a lot of competition for the shares of the market among major companies. This puts pressure on the companies to either increase or decrease their prices which in turn hamper the growth of the market. Another reason for the downfall of the market is the disturbance of the semiconductor supply chain which forms the basis for the market. Decrease in the supply of raw materials or other components leads to the overthrowing of the market.

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CHIP POWER INDUCTOR MARKET REGIONAL INSIGHTS

"North America to Lead the Market Due To Increase In The Demand For Chips"

North America is the oldest manufacturer of semiconductors which has led to the increase in the demand for the inductors which are used in the automotive sector and consumer electronics. Surge in the use of technological developed key industries and coming up of several novel technological advancement is the reason behind the rise of chip power inductor market share.

KEY INDUSTRY PLAYERS

"Innovations In The Market Leading To Its Growth"

Manufacturing of products with innovative and new technologies aids in meeting the consumer demand. Major key players such as Misumi, TDK, Sumida and others working on collaborations and mergers for advancements of technologies. Combining expertise and leveraging synergies to help in driving the chip power inductor market, key players to witness sustenance in the forecasted period.

List of Top Chip Power Inductor Companies

• Sagami Elec (Japan)
• Misumi (Japan)
• Microgate (Italy)
• TDK (Japan)
• AVX (U.S.)
• Sunlord (China)
• Chilisin (Taiwan)
• Sumida (Japan)
• Taiyo Yuden (Japan)
• Murata (Japan)
• Fenghua Advanced (China)

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for chip power inductor market growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.