Automotive segment to dominate the Saudi Arabia Inductor market till 2026
Surge in the application of
the passive electronic components and rise in demand for wireless devices is
expected to drive the demand for Saudi Arabia Inductor market in the
forecast period.
According
to TechSci Research report, “Saudi
Arabia 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, 2026”, The Saudi Arabia Inductor market is expected to grow at a
steady rate in the forecast period. Inductors are a kind of passive electrical
component which stores the electrical energy in the magnetic field when the
current flows through it. The rising demand for consumer electronics such as
smartphones, tablets, laptops, portable gaming units, modems, printers, amongst
others is driving the demand for inductors in the region. Inductors are
deployed in the power circuitry of various devices and the inductor functions
as a storage device in the switch-mode supplies that are used in the computers.
Smartphones are in high demand in the region owing to the presence of
fingerprint verification to control the manufacturing units or smart homes. A
large number of inductors are used for the manufacturing of advanced
smartphones which is expected to accelerate the inductor market growth in the
forecast period. The high penetration of the internet and the growing
disposable income is accelerating the demand for inductors in the next five
years. The rapid urbanization of people in search of better job opportunities
and quality living standards is expected to influence the market growth owing
to the rise in demand for advanced products and technologies. Increase in
demand from the prominent industry verticals such as aerospace and defense,
industrial and healthcare sector the demand for inductors is expected to
witness significant growth. Development of the e-commerce channels and the rise
in the number of consumers preferring the online channels due to the presence
of easy pick-up and delivery facilities and easy online transaction gateways is
expected to increase the purchase of home appliances and premium appliances.
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 Saudi Arabia imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. Manufacturing units were temporarily closed down or were
not able to work at their full capacity and the workers moved back to their
native places which led to the shortage of workforce in the manufacturing
industries which negatively impacted the market growth. Disruption in the
supply chain was observed which adversely impacted the prominent industries
including automotive, consumer electronics, transmission & distribution,
amongst others. After the government regains control of the pandemic situation,
the market is expected to pick up the pace eventually.
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Saudi
Arabia 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 can be divided into automotive, industrial,
telecom, military & defense, healthcare & others. The automotive
industry is expected to hold a major market share in the forecast period,
2022-2026. The rising demand for automation in automobiles to enhance the
consumer experience and provide more comfort is increasing the need to
integrate electronic devices in automobiles. Due to the increase in the number
of electronic components in automobiles the demand for the inductor market is
expected to witness considerable growth in the next five years.
Kemlite Piping Solution, TDK-Lambda
EMEA, Panasonic Middle East, AVX Corporation, Delta Electronics, Pulse
Electronics, Abracon Corporation, Murata Manufacturing, Avnet, Alfanar, among
others are some of the leading players operating in Saudi Arabia Inductor market.
Companies operating in the market are using strategies such as joint ventures, product
launches, mergers, and research collaborations to boost their share and
increase their geographic reach.
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“Market
players are investing huge amounts for the technological up-gradation of the
existing infrastructure and the miniaturization of consumer electronic devices.
The rise in demand for sleek and compact electronic devices occupying less
space and reducing the thickness of the device is driving the demand for the
inductors. Roll-out of the 5G technology and the growing advancements in the
telecommunication network in addition to the growing demand for smart grids is
expected to contribute significantly to the market growth till 2026” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Saudi Arabia 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, 2026”, has evaluated the future growth potential of Saudi
Arabia Inductor market and provides statistics & information on market
size, 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 Saudi Arabia Inductor
market.
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