In a recently published report, RF Inductors Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for RF Inductors Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
RF Inductors are the inductors for high-frequency circuits that are incorporated in the high-frequency band from 10 MHz to several GHz. These Inductors require a high Q (Quality factor) value and have a non-magnetic core structure which makes it applicable in high frequency circuits of mobile communications equipment, such as LAN, Wireless, mobile phones and others. The rise of deployment of smart grids drives the market growth. Moreover, the increasing adoption of Mobile Phone and demand for compact Consumer Electronics which are efficient and light weight driving the growth of inductor market. As per Statista, revenue in consumer electronics segment in China amounted to USD 128 billion in 2019 and is expected to USD 181 billion by 2023.
Moreover, as per China daily 40 billion chips were manufactured in the first quarter of 2018 an increase of 15.2% from 2017 and 420 million mobile phones were produced in the same year an increase of 0.5% from the previous year. The Indian subcontinent also has witnessed an increase in the electronics market. As per Indian cellular Association (ICA) the annual production of mobile phones in the country increased to 11 million in 2017 from 3 million in 2014. Which makes the country accountable for 11% of the total global mobile phone production. Additionally, Advancements in telecommunication and integration of integrated chips is rising the demand for RF inductors. Increasing disposable income of the consumers leading to rising demand for passive electronics is another factor encouraging the growth of global RF inductors market.
The regional analysis of global RF Inductors market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to the growing production of electronics and widening consumer demands in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population would create lucrative growth prospects for the RF Inductors market across Asia-Pacific region.
Major market player included in this report are:
Chilisin Electronics Corp.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Wire Wound Type
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global RF Inductors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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