Global Passive Electronic Components Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global passive electronic components market was valued at USD 38.76 billion in 2021. It is expected to reach a value of USD 54.67 billion by 2027, registering a CAGR of 5.29% over the forecast period, 2022-2027.
Key HighlightsThe competitive landscape of the global passive electronic components market is fragmented due to several market players globally. The market players are making several product developments and innovations to capture the maximum market share. Moreover, the market players are considering strategic partnerships and investments to gain maximum market traction.
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