The global RF inductors market is anticipated to grow at a significant CAGR of around 5.4% during the forecast period. Radio Frequency (RF) inductors are a type of inductor that is specifically designed to be used in radio frequency and microwave applications. RF inductors are intended to manage radio frequency signals, that have a much greater frequency than alternating or direct current. The rising demand of consumer electronic devices will boost the market growth during the forecast timeframe. As an inductor is a necessary element of an electronic circuit, inductors are anticipated to be in high demand in the future. Voltage transients such as electro-static discharge (ESD) and lightning, short circuits, and overvoltage conditions pose operational risks to consumer electronics. These products must meet current regulatory requirements for safe and energy-efficient power or signal operation, transmission, and distribution. Inductors are most prevalently used in the consumer electronics industry. Therefore, it is expected that the growing demand of electronic devices such as smartphones and microwaves will fuel the market growth. 

Impact of COVID-19 Pandemic on Global RF Inductors Market

The COVID-19 pandemic had disrupted the manufacturing operations and supply chain of various industries across the globe, which had drastically reduced the demand for RF inductors. The automotive industry and consumer electronics industry halted their production and distribution activities due to the COVID-19 pandemic. Electronic goods sales have hindered as a result of lockdowns in various countries. Therefore, the demand for RF inductors was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the RF inductors market started recovery as industrial operations were normalized after the recovery. 

Segmental Outlook 

The global RF inductors market is segmented based on the type and application. Based on the type, the market is sub-segmented into wire bound type, film type, and multilayer type. Based on the application, the market is sub-segmented into the mobile phone, consumer electronics, automotive, communication systems, and others. 

Global RF Inductors Market Share by Type, 2020 (%)

The Wire Bound Type Segment Projected to Hold  Significant Share in the Global RF Inductors Market

Based on type, the wire bound type segment is likely to contribute prominent share in the global RF Inductors market. Wire-wound inductors have a magnetic metal core, such as iron or ferrite, wrapped in a wire. Unwanted radio frequencies can degrade audio performance and cause electrical circuits to fail. As a result, wire-wound inductors are used because they have the ability to restrict or filter radio frequencies. They are frequently encountered in automobile audio systems and electronic control units, as well as electronic devices used in communication systems and mobile base stations. They are primarily used in high-frequency circuit design of digital communication devices such as Bluetooth , wireless LAN, broadband components, mobile phones, RFID tags, Wireless PDA, RF transceivers, and security systems. Wire-wound inductors are considerably larger and even have twice the performance of multilayered inductors of the same size. Wire-wound inductors have the major market share since their manufacturing costs are lower than those of other kinds of inductors and they also have an elevated inductance value.

Regional Outlooks

Geographically, the global RF inductors market is further analyzed  based on regions which include, North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can be analyzed for particular region or country level as per the requirement. Among these, Asia-Pacific region is projected to grow at fastest CAGR during the forecast period. The rising disposable income, growing population, and high demand for consumer electronics are the factors driving the makret growth. Additionally, advancements in telecommunication and integration of integrated chips is rising the demand for RF inductors, which leds to the market growth. 

Global RF Inductors  Market Growth, by Region 2021-2027

The North America Region Holds the Major Share in the Global RF Inductors Market

It is anticipated that, the North America region will dominate by accounting the prominent share in the global RF inductors market due to growing manufacturing sector, and adoption of electric automotive in US, and rising demand for RF inductors in telecommunication sector due to expansion of 4G and 5G. Moreover, the growing production of electronics and widening consumer demands in the region is further creating significant scope for the market growth. 

Market Players Outlook

The major companies serving the global RF Inductors market include Coilcraft Inc., Delta Electronics, Murata Manufacturing Co. Ltd., TDK Corp, TAIYO YUDEN Group, API Delevan, Agile Magnetics, Inc., Chilisin, Datatronics Distribution, Inc., Eaton, Johanson Technology, KYOCERA AVX Components Corp, TOKEN Electronics, T.T. Electronics and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2019, Vishay Intertechnology launched innovative space-saving commercial inductors in a compact 1212 case size, with operating temperatures up to +155 °C and profiles as narrow as 1.0 mm for computer and telecom applications. 

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global RF inductors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

   • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.