Discrete Inductors: World Market Outlook:

Discrete Inductors: World Market Outlook: 2012-2017 A Study of The Market for Surface Mount and Throughole Inductors Used in Digital and Power Circuits Worldwide Covering: Ferrites, Coils and Cores; Including Ferrite Beads, Bead Arrays, Multilayered Chip Coils, Molded Chip Inductors, SMD Wirewound Inductors, Axial Leaded Inductors, Radial Leaded Published June 2012 Price: $2750.00 USD Pages: 130 ISBN #:1-893211-99-1 (2012) Published: June 2012 Paumanok Publications, Inc. 2012 1

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Discrete Inductors: World Market Outlook: 2012-2017 Table of Contents: PUBLISHED: JUNE 2012... 1 1.0 INTRODUCTION: FY 2012... 12 ABOUT THE AUTHOR:... 12 RESEARCH METHODOLOGY EMPLOYED:... 12 THE PAUMANOK RESEARCH METHODOLOGY:... 13 GOVERNMENT DATA COLLECTION AND RESOURCES:... 13 SECONDARY PUBLISHED SOURCES:... 13 PRIMARY INTELLIGENCE GATHERING:... 14 THE PASSIVE COMPONENT SUPPLY CHAIN:... 14 MINING OF RAW MATERIALS:... 14 RAW MATERIALS PROCESSING:... 15 COMPONENT MANUFACTURING:... 15 COMPONENT DISTRIBUTION:... 15 END- MARKET CONSUMPTION:... 15 RECYCLING OF CRITICAL MATERIALS:... 16 TECHNICAL ECONOMIC MAXIMS RELATED TO PASSIVE ELECTRONIC COMPONENTS:... 17 THE TWO TECHNICAL ECONOMIC MAXIMS ASSOCIATED WITH PASSIVE COMPONENTS:... 17 UBIQUITOUS NATURE OF PASSIVE COMPONENTS:... 17 RELATIONSHIP BETWEEN COMPONENT SIZE AND PERFORMANCE... 18 FINANCIAL CONSIDERATIONS WITH RESPECT TO THIS REPORT:... 19 The Fiscal Year Ending March 31, 2012... 19 Currency Translation... 19 Volume, Value and Pricing Data:... 19 EXECUTIVE SUMMARY OF EVENTS FOR THE QUARTER ENDING JUNE 2012:... 20 NEAR TERM QUARTERLY OUTLOOK FOR PASSIVE COMPONENTS: FY 2013... 20 2.0 TECHNOLOGY OVERVIEW: FY 2012... 21 INTRODUCTION TO DISCRETE INDUCTORS:... 21 Variations in Coil Technology:... 22 Coil Diameter:... 22 Wire Turns:... 22 Core Materials:... 22 Inductor Applications in Digital Electronics:... 22 Signal Control:... 22 Noise Control and Elimination (LC Filter):... 22 Energy Storage and Voltage Stabilization:... 23 The Different Types of Inductors:... 23 Wirewound Coils:... 23 Deposited Coils:... 23 INDUCTOR SALES CATEGORIES:... 24 EMC Suppression Components:... 24 4

Discrete Inductor (Coil) Components:... 24 Ferrite Cores:... 24 Inductors (Coils) Are Used in Both Communications and Power Devices:... 24 Discrete Inductor Component Configurations:... 24 SCOPE OF MARKET COVERAGE:... 27 Discrete Inductors As a Subset of The Passive Electronic Components Market: 2011... 27 Discrete Inductors As a Subset of The Global Magnetic Devices Market: 2011... 27 Worldwide Discrete Inductor Market Growth: Changes in Value, Volume and Unit Pricing: FY 2012:... 28 Competitive Environment By Inductor, Coil and Core Product Type: 2012:... 29 KEY ECONOMIC INDICATORS... 31 Inductor Sales Trend at TDK- EPC and 2013 FY Forecast:... 31 Inductor Sales Trend at Taiyo Yuden and 2013 Forecasts:... 32 Inductor Sales Trend at Sumida:... 33 Inductor Sales Trend at TOKO and Forecasts... 34 Inductor Sales Trend At Chilison and Forecasts:... 35 Inductor Sales Trend At Mag.Layers... 36 Inductor Sales Trend at Sunlord:... 37 Vishay Resistor & Inductor Group Revenues by Quarter: 2008-2012... 38 3.0 GLOBAL MARKET OVERVIEW: FY 2012... 39 Discrete Inductor: FY 2012 Market Update:... 39 Global Market Value, Volume and Pricing For Inductors: 2012 FY Ending March:... 39 Global Value of Consumption For Discrete Inductors: FY 2012 and Historical Market Development... 39 Global Volume of Consumption For Discrete Inductors: FY 2012 and Historical Market Development... 40 Global Pricing of Discrete Inductors: FY 2012 and Historical Pricing Development... 40 Discrete Inductor Lead Time Trends: 2010-2012 By Month:... 43 Discrete Inductor Lead Time Trends By Component Type: 2010-2012... 43 Discrete Inductors: Quarterly Revenues: 2010-2012... 44 Discrete Inductors: Quarterly Volume Shipments: 2010-2012... 45 Discrete Inductors: Quarterly Pricing Trend: 2010-2012... 46 4.0 DEMAND BY INDUCTOR TYPE & CONFIGURATION: FY 2012... 47 Surface Mount Inductors: World Markets: FY 2012... 47 Ferrite Bead Market Size: FY 2012... 48 Ferrite Bead Array Market Size: FY 2012... 49 Chip Coils: Multilayered Chip Inductors: World Market Update: FY 2012... 49 Product Description and Market Overview: 2012... 49 Chip Coil Market Size: FY 2012... 50 Molded Case Wirewound Chip Inductors:... 51 Molded Case Wirewound Chip Inductor Market Size: FY 2012... 51 SMD Wirewound Coils: Global Market Size: FY 2012... 52 Throughole and Core Inductors: World Markets: FY 2012... 53 Axial Leaded Inductors: Global Markets: FY 2012... 53 Axial Leaded Wirewound Inductor Markets: FY 2012... 53 Radial Leaded Inductors: World Markets: FY 2012... 54 Radial Leaded Wirewound Inductors: FY 2012... 54 Bobbins and Ferrite Cores (E Cores, Toroidal Cores, Other Cores): FY 2012... 54 Wirewound Bobbin Markets: FY 2012... 54 5

Ferrite Core Markets: FY 2012... 54 Inductor, Coil and Core Demand By Type and Configuration: FY 2012 Summary... 56 EMC Suppression, Coil and Core Market Breakdown: 2012... 58 CRITICAL SUB- ASSEMBLY MARKETS FOR INDUCTORS, COILS AND CORES: FY 2012... 59 DC/DC Converters and Power Supplies:... 59 I/O Ports (USB, IEEE 1394, HDMI, Video Out):... 59 DC Motors:... 59 Communication Chipsets and Antennas:... 59 AC Adapters:... 60 Inverters:... 60 Hard Disc Drives and Flash Memory:... 60 Microprocessors and Other Circuit Applications:... 60 5.0 DEMAND BY END- USE MARKET SEGMENT:... 63 Discrete Inductor Markets By End- Use Segment: FY 2012... 63 General Overview of Changes in The Market For 2012:... 63 Telecommunications Market Segment For Inductors and Cores: FY 2011:... 63 Computer and Peripheral Market Segment For Inductors and Cores: FY 2011... 65 Consumer Audio and Video Imaging Equipment Market Segment For Inductors and Cores: FY 2012... 65 Automotive Market Segment For Inductors and Cores: FY 2012... 66 AC Industrial, Home Appliance and Lighting Ballast Market Segment For Inductors and Cores: FY 2012... 69 Defense and Specialty Market Segment For Inductors and Cores: FY 2012... 69 Average Inductor Content In 17 Major End- Products: FY 2012... 72 Key End-Markets That Will Grow The Inductor Market From 2012 to 2017:... 73 Market Forecasts For Passive Components By End- Use Market Segment: FY 2013-2017... 74 6.0 DEMAND BY WORLD REGION:... 75 Inductor, Coil and Ferrite Sales By World Region: FY 2012... 75 Changes In Inductor and Core Consumption By World Region: FY 2012... 75 China and SE Asia: FY 2012:... 75 Japan: FY 2012:... 75 Europe: FY 2012:... 75 Americas: FY 2011:... 75 7.0 MARKET SHARES IN DISCRETE INDUCTORS: FY 2012... 77 Inductor Market Shares: FY 2012... 77 Discrete Inductor Vendors: Global Sales & Market Shares: FY 2012... 77 Vendors of Discrete Inductors (EMC Components and Inductive Components): FY 2012. 80 8.0 INDUCTOR MARKET FORECASTS: FY 2012-2017... 81 Global Inductor and Core Market Forecasts: FY 2012-2017... 81 Global Value Of Shipments By Inductor Type: 2003-2010; 2011-2015F... 82 Surface Mount Inductors: World Market Outlook: 2012-2017... 82 Throughole Inductors: World Market Outlook: 2012-2017... 82 Ferrite Cores: World Market Outlook: 2012-2017... 83 Global Volume Of Shipments By Inductor Type: 2003-2011; 2012-2017F... 84 The volume of shipments increased from 50 billion pieces in 2003 to 97 billion units in 2008, a banner year. In FY 2009 global unit shipments declined by 12%, followed by an additional unit decline in FY 2010 of an additional 2%. In FY 2011 we saw unit shipments increase 9% to 92 billion pieces for the year, followed by a decline of... 84 Surface Mount Inductors: Unit Shipments: FY 2012- FY 2017... 84 Axial, Radial and Bobbin Inductors: FY 2012- FY 2017... 84 Ferrite Core Markets: 2003-2011; 2012-2017F... 85 (In Billions of Pieces)... 85 Global Average Unit Pricing For Inductors By Type: 2003-2011; 2012-2017F... 85 6

9.0 INDUCTOR VENDORS:... 86 Revenue Analysis for The Inductor Operations Of Selected Market Leaders in the Field; with Revenue Analysis and Trends... 86 API DELEVAN... 86 API Delevan... 86 Company Description:... 86 Relationship With Danaher:... 86 Inductor Product Portfolio:... 86 CHILISIN... 87 Chilisin Electronics Corporation (2456 TT)... 87 Company Description:... 87 Revenue Analysis: 2003-2012 CY... 87 Inductor Sales Trend At Chilison:... 88 Quarterly Sales Trend at Chilisin: 2011-2012... 88 Sales By Region:... 89 COILCRAFT... 89 Coilcraft, Inc. (Private)... 89 Special Note On Coilcraft, Inc.... 89 FAIR- RITE... 89 Fair- Rite Products Corp.... 89 Company Description:... 90 Inductor Product Line:... 90 GOWANDA... 90 Gowanda Electronics Corp.... 90 Company Description:... 90 Inductor Product Lines:... 90 LAIRD TECHNOLOGIES... 91 Steward Manufacturing Company (Laird)... 91 Company Description:... 91 Inductor Product Line:... 91 Parent Company Financial Reporting:... 91 MAG- LAYERS... 92 Mag- Layers Scientific- Technics Company Limited... 92 Company Description:... 93 Recent Sales at Mag.Layers Scientific- Technics Company Limited: 2008-2012... 93 MURATA... 94 MURATA MANUFACTURING COMPANY LIMITED (RIC: 6981):... 94 Murata On Current Market Conditions and Outlook:... 94 Recent Developments In Inductors:... 94 PANASONIC... 95 PANASONIC ELECTRONIC DEVICES (RIC: 6752):... 95 Panasonic On Current Market Conditions and Outlook:... 96 Discrete Inductor Product Portfolio At Panasonic:... 97 7

PULSE... 97 Pulse Electronics Corporation (Technitrol)... 97 Company Description:... 97 Relationship With Technitrol:... 97 Power Magnetics Products:... 97 Broadband: RF & Wireless Products:... 98 Signal Magnetics Products (LAN Connectivity):... 98 Signal Magnetics Products:... 98 Broadband/Internet Access Products:... 98 RF Chip Inductor Product Line:... 98 Military- Aerospace Products:... 98 Product Group Sales Update:... 98 NEC- TOKIN... 99 NEC- TOKIN CORPORATION (RIC: 6759)... 99 2012 UPDATE: SALES OF THE COMPANY... 99 NEC Tokin- Product Sales... 99 SAGAMI... 100 Sagami Electric Company Limited... 100 Company & Inductor Product Description:... 100 2011 Market Push in Power Inductors:... 101 SAM WHA... 101 Sam Wha Electronics Company Limited... 101 Company Description:... 101 Revenue Analysis:... 101 SUMIDA... 101 SUMIDA ELECTRIC COMPANY LIMITED (RIC: 6817)... 101 Sumida on Current Market Conditions and Outlook:... 102 Sumida Annualized Revenues: 2005-2012... 103 Sumida Sales By Country:... 104 Sumida Sales By End- Use Market Segment:... 104 SUNLORD... 105 Shenzhen Sunlord Electronics Co., Ltd. (SSE: 002138)... 105 Company Description:... 105 Products:... 105 Specialties:... 105 Sales Analysis:... 106 TAIYO YUDEN... 107 TAIYO YUDEN COMPANY LIMITED (RIC: 6976):... 107 Taiyo Yuden: Total Sales Trend: 2004 to 2012 With 2013 Forecasts... 108 Ferrite and Applied Products Group:... 108 Taiyo Yuden Inductor Group Revenues By Year With FY 2013 Forecasts... 109 Recent Inductor Product Developments in Inductors and Prodict Direction:... 110 Taiyo Yuden On Current Market Conditions and Outlook:... 112 TDK- EPC... 113 8

TDK CORPORATION (RIC: 6762):... 113 TDK Corporation: Total Revenues (With EPCOS): 2010-2012; 2013 Forecasts... 114 TDK Corporation: Inductive Device Revenues (With EPCOS): 2010-2012; 2013 Forecasts... 115 TDK Quarterly Revenues & Forecasts:... 116 TDK On Current Market Conditions and Outlook:... 116 TDK Merges With EPCOS... 117 Inductors as a Percentage of Overall Sales at EPCOS... 117 TOKO... 118 TOKO INC. (RIC: 6801):... 118 TOKO Revenues: 2011 & 2012 Forecasts... 118 Inductive Product Sales at TOKO: FY 2012... 119 TOKO Revenues by World Region:... 119 TOKO Revenues by End-Use Market Segment:... 120 TOKO Production Footprint By World Region:... 120 TT ELECTRONICS... 121 TT ELECTRONICS... 121 TT Electronic Revenues: 2009-2011... 122 Electronic Product Group Sales Trend at TT Electronics: 2009-2012... 122 TT Electronics: Revenues By End- Use Market Segment... 123 TT Electronics: Revenues By Region:... 123 Product Offerings In Inductors (BI Technologies)... 124 TT Group- BI Technologies Corporation... 124 TT Electronics Inductor Sales:... 124 TT Electronics on Current Market Conditions and Outlook:... 124 TT Electronic Growth Strategy:... 125 TT Electronics Forecasts By Segment:... 125 VISHAY... 126 VISHAY INTERTECHNOLOGY (NYSE:VSH)... 126 Vishay On Market Conditions and Outlook:... 127 Vishay s Inductor Business Group:... 129 WURTH ELEKTRONIK... 129 Wurth Electronik eisos GmbH & Co. KG... 129 Company Description & Relation With Wurth Group:... 129 Revenue Data:... 129 YAGEO- FERROXCUBE... 129 YAGEO CORPORATION (TW 2327):... 129 Yageo On Current Market Conditions and Outlook:... 130 9

Discrete Inductors: World Market Outlook: 2012-2017 List of Figures Figure 1: Passive Component Consumption Value Forecasts By Quarter: FY 2013 ($000.000 of USD) 21 Figure 2: Discrete Inductors: Types, Construction, Product Markets, Case Sizes and Vendors 26 Figure 3: Inductors As a Subset of The Passive Component Market and As a Subset of the Magnetics Market: FY 2012 28 Figure 4: Global Value, Volume and Average Unit Selling Price for Passive Electronic Components By Type (Capacitors, Resistors, Inductors): 2007, 2008, 2009, 2010, 2011 and 2012 29 Figure 5: Competitive Environment By Inductor, Coil and Core Product Type: FY 2012 31 Figure 6: Inductor Group Sales at TDK- EPC 32 Figure 7: Inductor Sales Trends at Taiyo Yuden: 2004-2013F 33 Figure 8: Inductor Sales Trend at Sumida 34 Figure 9: Inductor and Coil Group Sales Trend and Forecasts at TOKO 35 Figure 10: Inductor Revenues at Chilison: 2003-2012 (In Millions of USD) 36 Figure 11: Total Revenues at Mag Layers: 2003-2012; 2013 FY 37 Figure 12: Sunlord Revenues 2007-2011 38 Figure 13: Vishay Revenues In The Resistor & Inductor Group By Quarter: 2009-2012 38 Figure 14: Global Market Value, Volume and Pricing For Discrete Inductors: 2007-2012 (FY Ending March of Each Year) 39 Figure 15:Global Value of Consumption for Discrete Inductors: 2007-2012 In Millions of USD 41 Figure 16: Global Volume of Consumption for Discrete Inductors: 2007-2012 In Billions of Pieces: 42 Figure 17: Average Unit Selling Price for Discrete Inductors: 2007-2012 In USD Per Piece 42 Figure 18: Discrete Inductors: Lead Time Trends In Weeks: 2010-2012 43 Figure 19: Lead Times for Discrete Inductors By Component Type and Configuration: 2010-2012 (In Weeks) 44 Figure 20: Global Value of Quarterly Consumption Of Discrete Inductors: 2008-2012 (By Quarter): 45 Figure 21: Global Volume of Quarterly Consumption for Discrete Inductors: 2010-2012 (By Quarter) 45 Figure 22: Average Unit Price Trend For Discrete Inductors: 2008-2012 (In USD per Thousand Pieces) 46 Figure 23: Global Consumption Value, Volume and Pricing For Discrete Inductors, Coils and Cores By Type and Configuration: 2010, 2011, 2012 (Fiscal Year Ending March) 56 Figure 24: Global Consumption Value for Discrete Inductor, Coils and Cores By Configuration: FY 2012 (Surface Mount, Throughole and Core) 56 Figure 25: Global Consumption Value For Surface Mount Inductors By Type: (Ferrite Bead, Bead Array, ML Chip Coil, Molded Case Wirewound Chip, SMD Wirewound Coil): 2012 57 Figure 26:Global Consumption Value For Throughole and Core Inductors By Type: (Ferrite Cores, Axial Leaded Wirewound, Radial Leaded Wirewound, Wirewound Bobbin): 2012 57 Figure 27: Global Market For Inductors By Sub- Category (EMC Suppression; Ferrite Core and Inductor Coil Markets) FY 2012 58 Figure 28: Overall Consumption Value for Inductors and Coils By Circuit Assembly: FY 2012 61 Figure 29: Change in Consumption Value for Inductors and Coils By Circuit Assembly Between FY 2011 and FY 2012 62 Figure 30: Inductor Content In A Wireless Handset By Type and Circuit Application: FY 2012 64 Figure 31: Inductor Content In a Notebook Computer by Component Type: FY 2012 65 10

Figure 32: Inductor Content In a LCD/PDP TV by Type and Circuit Application: FY 2012 66 Figure 33: Inductor Content In A Standard Automobile By Type and Location: FY 2012 68 Figure 34: Inductor Content in Large Home Appliances and Lighting Ballasts By Component Type: FY 2012 69 Figure 35: Global Consumption Value For Discrete Inductors and Cores by End- Use Market Segment: FY 2012 71 Figure 36: Changes in Discrete Inductor Consumption By End- Use Market Segment: FY 2011-2012 72 Figure 37: Volume of Consumption For Discrete Inductors By End- Use Market Segment and Individual Product Markets: FY 2012 73 Figure 38: Forecasted Production For Major End Products In The Telecom, Computer, Consumer, Auto and Industrial Segment: 2013-2017 74 Figure 39:Global Consumption Value for Discrete Inductors By World Region: FY 2011- FY 2012 76 Figure 40: Global Consumption Value For Discrete Inductors In Asia, Japan, Europe and The Americas: FY 2012 Estimates 76 Figure 41: Discrete Inductor Vendors: FY 2012 Estimated Market Shares 79 Figure 42:Discrete Inductor Shipment Value Forecasts: 2013-2017 82 Figure 43:Global Value Shipments By Inductor Type: 2003-2012; 2013-2017F 83 Figure 44:Global Volume Shipments By Inductor Type: 2003-2012- ; 2013-2017F 85 Figure 45:Global Average Unit Pricing For Inductors By Type: 2003-2012; 2013-2017F (In USD) 85 Figure 46: Inductor Revenues at Chilison: 2003-2012 ( In Millions of USD) 88 Figure 47: Quarterly Revenue Trend At Chilison: 2011-2012 88 Figure 48: Inductor Revenues at Mag Layers: 2003-2012; 2013 FY 93 Figure 49: Sunlord Revenues 2007-2011: 106 Figure 50: Taiyo Yuden Inductor Group Revenues By Quarter: 2008-2012 109 Figure 51: Revenue Forecasts For TOKO Corp. 2012-2013 (In Millions of Yen) 118 Figure 52: Inductive Product Sales At TOKO FY 2012 119 Figure 53: TOKO Sales by World Region: FY 2012 119 Figure 54: TOKO Revenues By End- Use Market Segment: FY 2012 120 Figure 55: TT Electronics Total Revenues 2009-2011 122 Figure 56" TT Electronics; Components Group Sales: 2009-2011 Actual 122 Figure 57: TT Electronics Revenues By World Region: 2012 123 Figure 58: Vishay Resistor & Inductor Group Revenues by Quarter: 2008-2012 127 11