Automotive Grade Inductors Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Type (SMD Power Inductors and Plug-in Power Inductor), By Application (Transmission Control Units, LED Drivers, HID Lighting, and Others), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2024-2032

An automotive grade inductor is an electronic inductor system that dictates the flow and working of the AC and DC and regulates them to let the vehicle run efficiently. It optimizes performance and maintains battery economy and flow. It collects the data from various sensors located in the vehicle and helps adjust the variated parameters in real time to achieve maximum efficient performance.

There are various components of an inductor system. They consist of voltage limit units and are used on various engine sensors, actuators with onboard diagnostic systems, and electronic throttle control. They help develop electromotive force in the direction that reduces fluctuation when a fluctuating current flows and stores electric energy as magnetic energy.

One of the significant drivers of the inductors market is the adoption of electric vehicles globally. Governments are pushing for greater use of sustainable cars to reduce the greenhouse effect and combat climate change. As a result, automotive manufacturers are investing heavily in electric vehicle development, driving demand for these inductors.

Impact of COVID-19 on the Automotive Grade Inductors Market

COVID-19 had a significant impact on the automotive sector, especially on the automotive grade inductors market. The critical point was the disruption in the supply chain, closed manufacturing facilities, and initially dropped automotive production. Many countries worldwide implemented strict sanctions and lockdowns on the movement of goods and people, disrupting the supply chain. Thus, the demand for grade inductors fell short as automotive production was put to a halt.

The post-COVID-19 scenario witnessed a shift in consumer preference towards the adoption of electric vehicles. This trend is expected to continue as more and more push towards green and sustainable transportation is attributed to occur in the upcoming years. Companies also focused on investing in research and development to create more advanced and efficient inductors, making electric vehicles more accessible to consumers. Overall, the automotive grade inductors market is expected to grow highly post-COVID-19 as EVs get significant traction and popularity.

Segmentation

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on automotive grade inductors market.

Analysis by Vehicles

Passenger cars segment is expected to have high growth due to the rapid adoption of electric vehicles around the globe. The introduction and availability of advanced safety and comfort features in passenger cars provide better control and convenience for drivers, especially in congested urban areas.

Additionally, the growing popularity of electric compact cars and sedans is expected to drive growth in this segment. These electric vehicles solely rely on battery power, have a more extended driving range, and are equipped with fast charging. The affordability and declining cost of battery technology and semiconductor components is the primary driver for the growth of the passenger car segment. The inductors market is expected to reap benefits from these sales of passenger cars.

Analysis by Sales Channel

The sales channel segment includes OEM and Aftermarket. The Aftermarket channel is expected to grow as installing these inductors is relatively cheaper. As the number of vehicles on the road increases and older vehicles remain in use, there is a continual demand for replacement parts. The aftermarket inductors benefit from the need to 

Analysis by Region

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Asia Pacific region dominated the market and is expected to grow at the highest CAGR during the forecasted period. The growth is attributed to the presence of significant inductor manufacturers in the region. Increased vehicle technological capabilities and new features for cars will have a rising impact on sales of these inductors in Asia Pacific. The rapid adoption of intelligent safety and efficient inductors will boost regional sales and market development in the region.

Key Players Covered

TDK Corporation (Japan), Murata Manufacturing Co., Ltd (Japan), Vishay Intertechnology (US), Taiyo Yuden Co., Ltd (Japan), Panasonic Corporation (Japan), Coilcraft Inc. (US), Sumida Corporation (Japan), and Delta Electronics (Taiwan).

Key Industry Developments

• In August 2023, CODACA developed an automotive grade inductor for automotive applications. The VSRU27 series is a high current power inductor with eight inductance values from 0.1 to 15 µH, provided with a saturation current range from 23 to 101.5 A. The inductor is designed to achieve high current capability with low-temperature rise and minimized losses.


• In June 2023, Bourns Inc. introduced an AEC-Q200 compliant, automotive grade semi-shielded power inductor series that can be operated at -40 to 150°C. The SRN8040HA inductors are designed and developed using silicon-based coating, which offers magnetic shielding.


• In October 2022, Coilcraft introduced a PCB-mount AEC-Q200 Grade 3 qualified inductor that can be operated in a temperature range of 40 to +85°C. The 800V-rated RFC0807BV series is designed to handle high-voltage and high-current battery management systems.        


• In October 2022, TDK Corporation introduced the VLS5030EX-D type power inductor as part of the VLS-EX-D Series of wound ferrite power inductors automotive power circuits. These compact components provide excellent DC superposition characteristics with an assured performance at temperatures up to 150 ℃. These inductors are suitable for headlights, airbags, electric power steering (EPS), advanced driver-assistance systems (ADAS), engine control units (ECUs), and various other power circuit applications.