Passive Electronic Components Market Analysis | 2024-2030

Market Insights

The passive electronic components market was estimated at USD 35 billion in 2023 and is likely to grow at a CAGR of 4.04% during 2024-2030 to reach USD 46.36 billion in 2030.

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Market Dynamics

Introduction

Passive electronic components are fundamental building blocks in electrical and electronic circuits, and they play critical roles in the design and operation of a wide variety of electronic devices. Unlike active components like transistors and integrated circuits, passive components do not require external energy to function or amplify signals. Instead, they either store energy or regulate the flow of electrical current.

Market Drivers

The passive electronic components market is driven by a host of factors, some of which are noted below:

• Rapid growth in digitalization along with increased connectivity.
• Mobility demand is giving rise to the complexity of electronics, fueling the market's growth during the forecast period.

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Key Players

The following are the key players in the passive electronic components market:

• AVX Corporation
• Eaton Corporation
• KEMET Corporation
• Murata Manufacturing Co. Ltd.
• Panasonic Corporation
• Taiyo Yuden Co. Ltd.
• TDK Corporation
• TE Connectivity Ltd.
• Vishay Intertechnology Inc.
• Yageo Corporation.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By End-Use Industry Type

"Consumer electronics is estimated to be the largest consumer of inductors in the market during the forecast period"

Based on the inductors type, the passive electronic components market is segmented as consumer electronics, automotive, telecommunication, industrial, and others. Consumer electronics is estimated to be the largest consumer of inductors in the market during the forecast period, owing to various applications of inductors, such as filters in the circuits to cut off frequencies, power supply in several complex circuits, and managing current. Shifting trends toward connected and smart devices are going to lead to an increased circuitry, generating an increased demand for inductors in consumer goods, such as television sets, computing devices, and wearable devices which keep a constant demand for inductors, fueling the segment growth over the forecast period.

Regional Analysis

"Asia-Pacific is estimated to be the dominant region in the market during the forecast period"

In terms of regions, Asia-Pacific is estimated to be the dominant region in the passive electronic components market. India, China, Japan, and South Korea are the major countries with lucrative growth opportunities owing to several market players in the region. Factors, such as technological enhancements, exponential growth of smartphones in the region along with the growing number of smartphone users in the regional countries, and smart city initiatives boosting the digitalization growth are expected to fuel the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial; growth opportunities in the market during the forecast period.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s functional passive electronic components market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The passive electronic components market is segmented into the following categories:

By Type

• Inductor
• Capacitors
• Resistor

By End-Use Industry Type

• Consumer Electronics
• Automotive
• Telecommunication
• Industrial
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.