The overall inductor market is expected to grow from USD 3.01 billion in 2015 to USD 3.94 billion by 2022, at a CAGR of 3.93% between 2016 and 2022. The growth of this market is propelled by the increasing focus on new product developments in the consumer electronics sector. The market is further driven by the increase in demand for automotive electronics and passive components and the advent of new technologies such as smart grids.

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There is an intense competition in the inductor market due to the presence of a large number of players. Some of the key players in the inductor market include TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Vishay Intertechnology Inc. (U.S.), Taiyo Yuden Co., Ltd. (Japan), Chilisin Electronics Corp (Taiwan), Delta Electronics, Inc. (Taiwan), Panasonic Corporation (Japan), ABC Taiwan Electronics Corporation (Taiwan), Pulse Electronics Corporation (U.S.), Coilcraft, Inc. (U.S.), Shenzhen Sunlord Electronics Co., Ltd. (China), Bourns, Inc. (U.S.), Sumida Corporation (Japan), ICE Components, Inc. (U.S.), and AVX Corporation (U.S.), among others.

TDK Corporation offers a broad portfolio of automotive, industrial, and medical equipment and consumer goods. The company holds a strong position in almost all the industries it operates and generates well-balanced revenue through all its business segments. This provides the company with a competitive advantage. The company has a wide geographical presence; it earns a large portion of its revenue from APAC (almost 71% of its total revenue was generated from APAC in 2015). The company’s strategically balanced portfolio reduces business risks and enables it to tap opportunities in new as well as existing markets. TDK Corporation focuses on new product launches and developments to grow in the inductor market. For instance, in December 2016, TDK Corporation extended its portfolio of EPCOS ERU SMT power inductors by launching the ERU16 choke series, comprising ten different types of power inductors.

Murata Manufacturing Co., Ltd. is a leading manufacturer of ceramic passive components such as inductors, capacitors, filters, resistors, transformers, and sensors, among others. Owing to its strong focus on R&D, the company has developed high-performance chip inductors with features such as compact size and so on. It has manufactured one of the world's smallest (0.25 mm x 0.125 mm) chip inductor. The inductor’s unique coil and case structures offer low DC resistance and outstanding high-frequency characteristics. Murata Manufacturing offers a variety of products for diverse applications to meet the requirements of original equipment manufacturers (OEMs). The company, in close cooperation with its customers and other stakeholders, contributes to the advancement of the society and the electronics industry by developing innovative products and solutions. It aims to become the leader in the electronics industry through constant innovation. The company focuses on acquiring other semiconductor companies to incorporate state-of-the art technologies in its products. For instance, as of 2016 and 2014, it has acquired companies such as IPDiA and Peregrine Semiconductor Corporation, respectively.

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