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”.
https://www.techsciresearch.com/report/india-inductor-market/7652.html
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,
FY2027” has 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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