Multilayer Coupled Inductor Market Witnessing Impressive Growth Due To Increasing Application and Usage in Industry
Multilayer Coupled Inductor Market Forecast and CAGR
The rise in the adoption of electric vehicles, as well as the increase in demand for consumer electronics that require a significant number of inductors which result in the increase in the demand for the multilayer coupled inductors in the projected period. Recent improvements in wireless technologies have expanded the use of electronic components in a variety of commercial and consumer applications.
The global multilayer coupled inductor market is estimated to grow at a CAGR of 5% in the forecast period. As these are used as energy storage devices, the rise in the demand for the product in power applications takes the market to greater heights.
Who are the key players present in market?
Manufacturers, suppliers, and distributors are among the key participants recognized across the globe which includes:
- Pulse Electronics Corporation.
- Vishay Intertechnology
- Delta Electronics Inc.
- Murata Manufacturing Co. Ltd
- Ice Components Inc.
- Taiyo Yuden Co. Ltd.
- AVX Corporation
- Wurth Elektronik Group
- TDK CORPORATION
- ABB (Cooper Industries).
Since the market is competitive, players engage in strategic initiatives such as looking for mergers to enhance the growth, as well as focusing on product development to be done with the help of research & development and also put a light on acquisitions to increase their competitive share.
What is Driving Demand for Multilayer Coupled Inductor?
Wireless technology is having a significant impact on the electronics industry. The high popularity of the internet, expanding demand for wearables and other wirelessly connected devices, and are significant drivers for the multilayer coupled inductor sales and result in the growing market share.
Multilayer inductors are made up of numerous stacked coils twisted around the core. As they have numerous layers of insulation between them, these inductors have a high inductance level which increases the demand for the product on the basis of various use-cases and result in rising in sales of the product.
Based on Product type, the market is segmented into:
- High Frequency core
- Low frequency core
Based on Applications, the market is segmented into
- Consumer Electronic
Impact of COVID-19 on Multilayer Coupled Inductor Market?
The COVID-19 pandemic is projected to have an impact on the multilayer coupled inductors in 2020, as the movement restrictions, and lockdowns have caused the supply chain interruptions.
COVID-19 has wreaked on the supply chains of various industry verticals, including telecommunication, automotive, industrial, consumer electronics. By exploring innovative technologies, the key players are investigating new ways to boost up the market demand and overcome the impact of COVID-19.
The automotive industry is experiencing disruption as a result of market closures. Exports are being disrupted, large-scale manufacturing is being disturbed, and assembly plants are shut. The supply chain has been affected as a result of the rapid closure of industrial facilities in all of the major countries as a result of the pandemic.
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