Multilayer Coupled Inductor Market Forecast and CAGR
The rise in the adoption of electric vehicles, as well as the increase in demand for consumer electronics that require a significant number of inductors which result in the increase in the demand for the multilayer coupled inductors in the projected period. Recent improvements in wireless technologies have expanded the use of electronic components in a variety of commercial and consumer applications.
The global multilayer coupled inductor market is estimated to grow at a CAGR of 5% in the forecast period. As these are used as energy storage devices, the rise in the demand for the product in power applications takes the market to greater heights.
This comprehensive report is intended to provide readers with a complete understanding of dynamics in the market. The report also provides several decision support frameworks that can help stakeholders of the industry to take a data-driven decision on growth, expansion, acquisition, and capacity addition.
What is Driving Demand for Multilayer Coupled Inductor?
Wireless technology is having a significant impact on the electronics industry. The high popularity of the internet, expanding demand for wearables and other wirelessly connected devices, and are significant drivers for the multilayer coupled inductor sales and result in the growing market share.
Multilayer inductors are made up of numerous stacked coils twisted around the core. As they have numerous layers of insulation between them, these inductors have a high inductance level which increases the demand for the product on the basis of various use-cases and result in rising in sales of the product.
Furthermore, the increase in the geographical expansions for dominant key players is offering significant potential to the market. This will drive up the sales and launch the market at greater heights.
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Impact of COVID-19 on Multilayer Coupled Inductor Market?
The COVID-19 pandemic is projected to have an impact on the multilayer coupled inductors in 2020, as the movement restrictions, and lockdowns have caused the supply chain interruptions.
COVID-19 has wreaked on the supply chains of various industry verticals, including telecommunication, automotive, industrial, consumer electronics. By exploring innovative technologies, the key players are investigating new ways to boost up the market demand and overcome the impact of COVID-19.
The automotive industry is experiencing disruption as a result of market closures. Exports are being disrupted, large-scale manufacturing is being disturbed, and assembly plants are shut. The supply chain has been affected as a result of the rapid closure of industrial facilities in all of the major countries as a result of the pandemic.
Many automotive manufacturers and suppliers are already building regional supply chains that are shorted and more localized to revive from the impact of COVID-19 in the multilayer coupled inductor market.
Asia Pacific Region Multilayer Coupled Inductor
Multilayer coupled inductor has a wide range of applications in the telecommunication industry which is considered to have the largest share and is projected to witness a significant growth in the forecast period which increases the market potential both at the regional and global level.
Furthermore, various product advancements are being employed in the Asia Pacific region due to which wireless power transmission technology is predicted to have significant growth. As a result, there is a growing need for wireless and linked devices, which presents a significant prospect for multilayer coupled inductors in the region.
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North America Region Multilayer Coupled Inductor
The driving demand for multilayer coupled inductors in North America is a rise in the demand for electronics products like smartphones, tablets. The electronic industry comprises the product that has the principal use in electronic goods as the major function. Multilayer coupled inductor which is miniature and has high Q can make the RF Circuits more efficient in mobile devices.
The consumer electronics market which is projected to grow at a significant CAGR will result in the growth of the multilayer coupled inductors in the region as it has a variety of applications and results in the increase in the sale of the product in North America.
Who are the key players present in market?
Manufacturers, suppliers, and distributors are among the key participants recognized across the globe which includes:
- Pulse Electronics Corporation.
- Vishay Intertechnology
- Delta Electronics Inc.
- Murata Manufacturing Co. Ltd
- Ice Components Inc.
- Taiyo Yuden Co. Ltd.
- AVX Corporation
- Wurth Elektronik Group
- TDK CORPORATION
- ABB (Cooper Industries).
Since the market is competitive, players engage in strategic initiatives such as looking for mergers to enhance the growth, as well as focusing on product development to be done with the help of research & development and also put a light on acquisitions to increase their competitive share.
An Adaptive Approach to Modern-day Research Needs
Multilayer Coupled Market Report Covers Exhaustive Analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Multilayer Coupled Inductor Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Based on Product type, the market is segmented into:
- High Frequency core
- Low frequency core
Based on Applications, the market is segmented into
- Consumer Electronic
Based on Region, the market is segmented as
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Oceania
- Rest of South Asia & Oceania
- Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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