Automotive-grade inductors are devices that generate current and possess electromagnetism. When electricity passes through automotive-grade inductors, they consist of a passive two-terminal electrical component that stores energy in a magnetic field. Most ultra-thin mixtures of nickel zinc ferrite, manganese, powder iron, and metal alloys are used to make automotive grade inductors. Additionally, the installation of automotive grade inductors improves the performance of the accessories by providing notable AC and DC resistance. Additionally, automotive-grade inductors are needed to keep the current flowing and supply filtered current to the vehicle’s accessories, including LED lights, entertainment systems, and information gadgets.
From 2022 to 2032, the demand for automotive grade inductors is predicted to grow at a CAGR of 3.20 percent, reaching US$ 3,836.56 million. The demand is anticipated to reach US$ 2,800 million in 2022. The market, which was valued at US$ 2,759 Million as of 2021, is anticipated to grow by 1.5 percent year over year by 2022.
Its strong AC and DC current-resistance properties as well as its current-regulating mechanism, which enhance the functionality of the automotive accessories, are credited with its rise. It also regulates the current flow to automotive electronics like LED lights and in-car entertainment systems.
Key Participant:
- Mouser Electronics, Inc.
- Laird Technologies
- TDK Corporation
- Abracon
- TTI, Inc.
