The chip inductor is a small chip in an integrated circuit, used in electronic devices to transmit & receive various radio frequency (RF) signals to communicate with other electronic devices. Chip inductor uses the high and low frequency radio signals as well as frequencies which are self-resonant for communication. The chip inductor is formed by a complex process to make it small & functional and also is formed with a huge provision of silk screened, ferrite wafers and conductive elements. It is generally accessible in the high recurrence; multi-layer structure & highlight a low-loss ceramic and solid body with the metal anodes of high conductivity encased inside. Chip ferrite inductors are made-up of copper, iron, and ferrite due to their characteristic features such as great electrical connectivity and little power losses. Copper is broadly used as a raw material within manufacturing inductors because it has comparatively good thermal & mechanical properties. It helps in accomplishing the ideal execution in getting high-frequency signals.
As per analysis, “Global Chip Ferrite Inductor Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the renowned companies operating in the global chip ferrite inductor market include LairdTech, AEM, Chilisin Electronics, Murata, MAX ECOH, Samwha, Viking, EMW, Vishay and among others. Leading players are focusing on the technological advancements and development to meet the increasing demand for chip ferrite inductors. Moreover, these market players are emphasizing on various strategic initiatives to improve the business and establish their manufacturing facilities.
By type, chip ferrite inductor market is bifurcated as wire wound ferrite chip inductors, multilayer ferrite chip beads and others. Multilayer ferrite chip bead is a type of choke that suppresses the high-frequency electronic noise in numerous electronic circuits. In addition, by application, market is bifurcated as computer, RF & microwave circuits and others.
The chip ferrite inductor market is driven by rise in demand from consumer electronics application, followed by growth in demand for hybrid electric vehicles. However, inability to create more compact products with the rising demand may impact the market. Additionally, growth potential offered by emerging economies and surge in technological advancements in chip power inductors are leading opportunities for market. Moreover, rapid growth in penetration of consumer electronics is a key trend for market. Furthermore, intense competition among the players and fluctuations in raw material prices are major challenges for global market.
Based on geographic analysis, the Asia-Pacific is a leading region in global chip ferrite inductor market owing to presence of the prominent key players, increase in government initiatives toward electric vehicles and growth in automotive industry across the region. The North-America and Europe regions are estimated to exhibit higher growth rate due to growth in electronics & automotive industries over the forecast period. It is anticipated that future of the global chip ferrite inductor market will be optimistic as a result of increase in the use of artificial intelligence coupled with growth in technological advancements in processing chips during the forecast period.
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Ankur Gupta, Head Marketing & Communications