Global Inductor Market to Reach $7 Billion by 2027 at a CAGR of 6.6%
The inductor market is projected to grow from USD 5.1 billion in 2022 and is projected to reach USD 7.0 billion by 2027; it is expected to grow at a CAGR of 6.6 % from 2022 to 2027.
- The inductor market is projected to grow from USD 5.1 billion in 2022 and is projected to reach USD 7.0 billion by 2027; it is expected to grow at a CAGR of 6.6 % from 2022 to 2027.
- However, fluctuating prices of raw materials, especially copper is a prominent factor limiting the growth of the inductor market.
- Market for automotive vertical segment to grow at the highest CAGR during the forecast period.
- Since the impedance of an inductor increases as the frequency of a signal increases, an inductor alone can act as a low-pass filter.