RF inductors are electrical components that use magnetic field to store energy. They are often found in radio frequency (RF) circuits found in mobile phones, radios, and other wireless devices. RF inductors can be used to filter out undesirable frequencies or to build a tuned circuit for certain frequencies. They can also be used to build an impedance-matching network to improve signal transmission.
The RF inductors market is expected to grow at a CAGR of 5.4% during the forecast period. RF inductors are used in a variety of applications such as mobile phones, consumer electronics, automotive, computers, and other industrial applications. RF inductors are used in various applications due to their ability to store energy and provide high-frequency filtering. They are available in three types- wire bound type, film type, and multilayer type. The wire bound type is the most commonly used due to its low cost and easy installation. The film type offers higher performance than the wire bound type and is more expensive. The multilayer type offers superior performance and requires more complex manufacturing processes.
Key Drivers of the RF Inductors Market
Increasing Demand for Consumer Electronics
The growth in the consumer electronics sector has been a major driver of the market growth of RF inductors. This is because RF inductors are used in a wide range of consumer electronics products, such as smartphones, tablets, laptops, and other wireless devices. As the demand for these products increases, so does the demand for RF inductors. Additionally, the increasing complexity of consumer electronics products has led to an increased need for more sophisticated RF inductors. This has further contributed to the growth of the RF inductor market.
Growing Adoption of Automotive Electronics
The increased use of automotive electronics is projected to drive the RF inductors market further. The growing usage of electric vehicles and the emergence of smart automobiles are driving this trend. The use of wireless charging systems for electric automobiles, which require RF inductors for power transfer, is a recent trend in the automobile industry. Additionally, the growth of vehicle-to-everything (V2X) communication systems, which rely on RF technology, is likely to push demand for RF inductors even further.
Increasing Demand for Low Profile, Flexible Printed Circuits
The rising demand for low-profile, flexible printed circuits (FPCs) is fueling the expansion of the RF inductors market. FPCs are commonly used in a variety of electronic devices, and they require RF inductors to work properly. For instance, smartphones, tablets, wearable gadgets, and other portable electronic devices use FPCs that require RF inductors to provide wireless communication capabilities. In addition, the trend in miniaturization of electronic device and lightweight designs is increasing demand for low-profile RF inductors. These inductors are small and have thin profiles, making them ideal for usage in small devices such as smartwatches and hearing aids. Hence, the increasing usage of flexible and foldable electronic devices is predicted to fuel future demand for flexible and low-profile RF inductors.
Technological Advancements in the Telecom Industry
In recent years, the telecom sector has experienced considerable growth, which has had a substantial influence on the RF inductors market. Technological improvements in the sector, including the integration of integrated circuits and the deployment of 5G networks, have aided the growth of the RF inductors market. 5G networks, for instance, require more modern and efficient components, such as RF inductors, to function properly.
Expansions and Innovations by Major Market Players
The RF inductors market has significant contributors such as Murata, TDK, Taiyo Yuden, Vishay, Coilcraft, Delta Group, Chilisin, Sunlord Electronics, and Samsung Electro-Mechanics, among others. These players assist in the market’s growth with the launch of new products and through collaborations and investments. For instance, in August 2022, Murata expanded its chip ferrite bead range with the launch of the BLM15PX_SH1 and BLM15PX_BH1 series. These small and durable devices are supplied in a 1005 mm (0402 inches) size and are particularly optimized for automotive deployment. They provide engineers with the first power supply line noise reduction components in this compact configuration in the market. Current rated variants range from 900 mA to 3000 mA, with impedance numbers ranging from 33 Ohms to 600 Ohms at 100 MHz. Murata's AEC-Q200 certified BLM15PX_SH1 and BLM15PX_BH1 chip ferrite beads are particularly ideal for usage in demanding automotive settings owing to their inherent durability. These components' low DC resistance properties (down to 0.022 Ohms Max.) help to limit power losses and keep related heat production to a minimum. The BLM15PX_SH1 series operates at temperatures ranging from 55°C to +125°C, whereas the BLM15PX_BH1 series operates at temperatures ranging from 55°C to +150°C.