Press Release

Automotive Segment to dominate India Inductor market through FY2027

Rise in the demand for wearable electronic device and growing preference for automation technology in different verticals is expected to drive the demand for India inductor market in the forecast period.

According to TechSci Research report, India Inductor Market By Inductance (Fixed, Variable) By Core Type (Air, Ferrite, Iron) By Shield Type (Shielded, Unshielded) By Mounting Technique (Surface Mount, Through Hole) By Application (General Circuits, Power Applications, High-Frequency Applications) By End User (Automotive, Industrial, Telecom, Military & Defense, Healthcare & Others), By Region, Company Forecast & Opportunities, FY2027”, The India inductor market is expected to witness steady growth in the next five years. The rise in demand for more energy and power owing to the growing population as they require a large number of inductors is contributing to the growth of the inductor market. Increasing demand for the low-power wide-area network and smart grids are expected to fuel the demand of the electronics market in the forecast period. The growing demand for wireless technology is impacting the demand of the electronics market as wireless technology is the most preferred technology by consumers. Ongoing technological advancements such as Wi-Fi, Bluetooth, GPS, GPRS, amongst others, and adoption of these technologies in wireless electronics devices to increase the efficiency and performance of electronic devices is expected to influence the inductor market growth. The surge in the use of inductors in servers, tablets, notebooks, portable gaming units is influencing the sales of the inductor as inductors are capable to withstand large currents, are compact, and show low DC resistance. The development of communication technology and infrastructural development is expected to contribute to the inductor market growth.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities of India Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily shut down which negatively impacted the production of inductors. Workers moved back to their native places which led to the shortage of workforce present in the manufacturing units. Disruption in the supply chain was observed which adversely affected the supply chain. Demand from the end-user industries such as automotive, consumer electronics, and telecommunication decreased due to the temporary closure of the industries. Post COVID-19 situation and after the relaxations provided by the government, the market is expected to pick up the pace eventually.

However, continuous change in the cost of raw materials and the rise in complexity due to the miniaturization of inductors may hamper the inductor market growth in the forecast period. Browse XX Figures spread through XX Pages and an in-depth TOC on “India Inductor Market”.

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India inductor market is segmented into inductance, core type, shield type, mounting technique, application, end user, regional distribution, and company. Based on end user, the market is divided into automotive, industrial, telecom, military & defense, healthcare & others. The automotive industry end-user segment is expected to account for major market share in the forecast period, FY2023-FY2-27. The rise in demand for automation in automobiles to enhance consumer satisfaction and increase the efficiency and performance of automobiles is expected to influence the automotive market. Ongoing technological investment integrating electronic components in automobiles and the rise in disposable income among middle-class families are contributing significantly to the market growth.

Miracle Electronics, Salzer, Orbit Electronics, Transfield Transformers and Electronics Pvt Ltd, Royal Energies, Unified Electro-Tech Limited, A & V International, Agile Magnetics, Magnatech, Coilcraft are the leading players operating in India inductor market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several inductor manufacturers are coming up with their technologically advanced offerings.

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“Supportive government policies and initiatives promoting the growth of inductors such as the Digital India campaign, National Smart Cities Mission, Make in India, amongst others aiming for the digital transformation of the existing infrastructure in India are expected to influence the growth of the inductor market. The upcoming projects and development of smart cities as they employ a large number of inductors to perform different functions are expected to contribute significantly to the market growth. Leading authorities are encouraging higher foreign investments to develop advanced technology and infrastructure along with the shift in consumer preference for the adoption of advanced technologies such as the internet of things, artificial intelligence, cloud computing, and others to make the information more accessible and the devices more connected is expected to propel the inductor market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India Inductor Market By Inductance (Fixed, Variable) By Core Type (Air, Ferrite, Iron) By Shield Type (Shielded, Unshielded) By Mounting Technique (Surface Mount, Through Hole) By Application (General Circuits, Power Applications, High-Frequency Applications) By End User (Automotive, Industrial, Telecom, Military & Defense, Healthcare & Others), By Region, Company Forecast & Opportunities, FY2027has evaluated the future growth potential of India inductor market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of India inductor market.

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