Global Passive Component Market 2024-2028
The passive component market is forecasted to grow by USD 13.09 bn during 2023-2028, accelerating at a CAGR of 6.58% during the forecast period. The report on the passive component market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in need for passive components in space applications, rising adoption of passive components in automotive industry, and growing demand for smartphones and tablets.
Technavio's passive component market is segmented as below:
By Product
- Capacitors
- Resistors
- Inductors
- Diode
- Transformers
By End-user
- Consumer electronics
- IT and telecom industry
- Automotive industry
- Industrial machinery
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing advancement of IoT in industries as one of the prime reasons driving the passive component market growth during the next few years. Also, increasing focus on R and D activities in passive components and emergence of high-temperature capacitor technology will lead to sizable demand in the market.
The report on the passive component market covers the following areas:
- Passive component market sizing
- Passive component market forecast
- Passive component market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading passive component market vendors that include Adolf Wurth GmbH and Co. KG, Delta Electronics Inc., Fenghua HK Electronics Ltd, KOA Corp., KYOCERA Corp., Murata Manufacturing Co. Ltd., NICHICON Corp., Nippon Chemi Con Corp., Panasonic Holdings Corp., ROHM Co. Ltd., Rubycon Corp, Ryosan Co, Samsung Electronics Co. Ltd., SUMIDA Corp, TAIYO YUDEN Co. Ltd., TDK Corp., TTI Inc., Vishay Intertechnology Inc., Walsin Technology Corp., and Yageo Corp.. Also, the passive component market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.