Global SMD Power Inductor Market to Hit $2.48B by 2031, Driven by 5G and EVs

The global SMD power inductor market is poised for robust growth, with revenue projected to surge from \(1.39B in 2024 to \)2.48B by 2031, at a compound annual growth rate (CAGR) of 8.8%. Market research attributes the expansion to soaring demand for miniaturized, high-efficiency components in 5G infrastructure, electric vehicles (EVs), and IoT devices.

Asia-Pacific dominates the market, fueled by electronics manufacturing hubs in China, Japan, and South Korea. Consumer electronics remains the largest application segment, though automotive use—spurred by EV power circuits and ADAS systems—is growing fastest. “SMD power inductors are integral to reducing energy loss in DC-DC converters, making them indispensable for green tech,” noted an industry analyst. Key players including TDK, Murata, and Vishay are investing in flat wire and thin-film technologies to enhance performance.