The Active and Passive Electronic Components Market size is estimated at USD 646.21 billion in 2023, and is expected to reach USD 984.73 billion by 2028, growing at a CAGR of 8.79% during the forecast period (2023-2028).
Active and passive electronic components are any semiconductor/electronic device's building blocks. With their simple functionalities, these components play a crucial role in powering an electronic system. While active components are part of an electronic circuit that relies on an external power source to modify/control electrical signals, passive electronic components do not need an external power source to function. They use other properties to control the electrical signal.
The active and passive electronic components market comprises long-standing established players who have made significant investments in the product. The new players entering the market require high investments. The companies can sustain themselves through powerful competitive strategies. Product innovations can also work in favor of new players as they can target emerging and less explored application areas to expand their market presence further. The degree of competition is high in the market and is expected to remain the same for the forecasted period.
In December 2022, ModCap HF, a modular capacitor designed for DC link applications that can operate at extremely high switching frequencies, was offered by TDK Corporation. The six newly created power capacitors in the B25647A* series are rated for between 900 to 1600 volts and have capacitance ranges between 640 to 1850 microfarads. The highest allowable hot spot temperature is 90 °C, and the rated currents range from 160 A to 210 A depending on the kind.
In October 2022, YAGEO Group, the world's top supplier of passive components, released the automotive grade thin film chip resistor - RP Series. The RP series' unique passivation design creates a waterproofing interface. This cover shields the resistive layer, preventing moisture from entering from the outside. With this defense, the RP Series can maintain high resistance stability in challenging conditions, making it ideal for power systems, industrial/medical equipment, telecommunications, industrial/automotive electronics, and industrial/industrial equipment.
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