Increasing innovations and developments in consumer electronic products, growing trend of smart cities and smart homes that require energy-efficient electronic and electrical systems is expected to fuel the growth of the inductor market.
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.