Passive Electronic Components Market Overview
The size of the global market for passive electronic components was estimated at USD 30.93 billion in 2023, and it is anticipated that total income from these components will increase by 6.03 percent between 2024 and 2030, to reach around USD 46.60 billion.
Passive Electronic Components Market Scope and Methodology:
The Passive Electronic Components market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Passive Electronic Components market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Passive Electronic Components Market is included in the scope of the MMR report.
The report offers a number of new requirements, each with a thorough justification. The Passive Electronic Components Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.
Passive Electronic Components Market Regional Insights
This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Passive Electronic Components market situations in various nations. The Passive Electronic Components market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.
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Passive Electronic Components Market Segmentation
by Type
Resistor
Capacitor
Inductor
Transformer
Others
Because of their wide range of end uses in electronic devices such as laptops, cellphones, and automotive systems, capacitors are the market leader for passive electronic components and are expected to hold the highest share. Additionally, circuits for power supplies and audio systems depend heavily on capacitors. The growing need for energy-efficient gadgets and the thriving automotive sector are driving the capacitor market. The resistor segment, which finds applications in a variety of end users, including voltage regulation, noise reduction, and temperature sensing, is expected to increase significantly at the same time.
by Material
Ceramic
Metal
Polymer
Others
The Ceramic segment dominated the market in the year 2023, driven by its versatile End Users in smartphones, laptops, automotive, and medical devices. Ceramic capacitors, renowned for high frequency and temperature stability, find utility in power supply circuits and audio systems. Ceramic has a high dielectric constant, low loss factor, and stability over a wide temperature range making it ideal for capacitors, resistors, and inductors, which are crucial in electronic circuits for filtering, energy storage, and noise reduction.
by End User
Consumer Electronics
Automotive
Industrial
Telecommunications
Healthcare
Aerospace & Defense
Energy & Power
Others
The market for passive electronic components has a wide range of end-user segments, which significantly influences its dynamics. The market was dominated by the consumer electronics segment, but the automotive industry is expected to develop significantly due to the widespread use of passive components in automotive end users, such as powertrain, infotainment, and lighting systems, as well as the rise in the adoption of electric vehicles.
Passive Electronic Components Market Key Players
1. Murata Manufacturing Co. Ltd.
2. TDK Corporation
3. Taiyo Yuden Co. Ltd.
4. Panasonic Corporation
5. Samsung Electro-Mechanics
6. Vishay Intertechnology
7. KEMET Corporation
8. AVX Corporation
9. Walsin Technology Corporation
10. Yageo Corporation
11. Nippon Chemi-Con Corporation
12. Nichicon Corporation
13. Rubycon Corporation
14. Rohm Co. Ltd.
15. EPCOS AG
16. Koa Corporation
17. Sumida Corporation
18. Chilisin Electronics Corp.
19. Holy Stone Holdings Co. Ltd.
20. Johanson Technology Inc.
21. CTS Corporation
22. Pulse Electronics Corporation
23. Laird PLC
24. Bourns Inc.
25. Diodes Incorporated
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Key questions answered in the Passive Electronic Components Market are:
- What is Passive Electronic Components?
- What was the Passive Electronic Components market size in 2023?
- What is the growth rate of the Passive Electronic Components Market?
- Which are the factors expected to drive the Passive Electronic Components market growth?
- What is the CAGR at which the Passive Electronic Components market will grow during the forecast period?
- What are the different segments of the Passive Electronic Components Market?
- Which is the fastest growing region in the Passive Electronic Componentsmarket?
- What growth strategies are the players considering to increase their presence in Passive Electronic Components?
- What are the upcoming opportunities and trends for the Passive Electronic Components Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Passive Electronic Components Market?
- Who are the leading companies and what are their portfolios in Passive Electronic Components Market?
- What segments are covered in the Passive Electronic Components Market?
- Who are the key players in the Passive Electronic Components market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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