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Inductors Market Forecast, Size and Share Analysis 2024-2032
The global inductors market is projected to expand from USD 4.4 billion in 2023 to USD 6.0 billion by 2032, with a compound annual growth rate (CAGR) of 3.4% during the period from 2024 to 2032. This growth is primarily driven by the increasing demand for inductors in various applications, including consumer electronics, automotive, and telecommunications. As technology advances, the need for efficient power management and signal processing in electronic devices is becoming more critical, leading to a higher adoption of inductors. Additionally, the rise of electric vehicles and the Internet of Things (IoT) is further fueling market expansion, as these sectors require sophisticated electronic components.
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