The latest research study "Passive Electronic Components Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", Offers a comprehensive analysis of the industry, which comprises insights on the passive electronic components market share.

How Big is the Passive Electronic Components Market?

The global passive electronic components market size reached US$ 38.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 55.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.

Passive electronic components are components that do not produce energy, are incapable of power gain, and require no electrical power to operate. They consist of transformers, capacitors, resistors, inductors, and coils and are produced using aluminum electrolytic, paper, tantalum, ceramic and plastic films. They are cost-effective, reliable, easy to design, and can handle large voltage currents and power without requiring a power supply and amplifying elements. As a result, passive electronic components are extensively utilized across aerospace, energy, telecommunications, defense, medical, automotive, and data storage industries.

Request a PDF Sample Copy for more detailed market insights: https://www.imarcgroup.com/passive-electronic-components-market/requestsample

Passive Electronic Components Market Trends and Drivers:

The market is primarily driven by the expanding automotive industry across the globe. This can be attributed to the increasing demand for electric vehicles (EVs) due to environmental and emission concerns. In addition, the rapid digitalization of several sectors and the surging need for connectivity and mobility represent another major growth-inducing factor.

Moreover, passive electronic components are widely used in specialized and high-performing components, such as infotainment and emergency brake assistance systems. This, coupled with the rising adoption of internet of things (IoT) devices, such as process automation and motion control, is anticipated to propel the market growth. Besides this, various technological advancements, such as the introduction of wire wounds and metal oxide high-power resistors that help to monitor circuits and diagnose and test sensors, are providing a positive thrust to the market growth.

Furthermore, extensive research and development (RD) activities and the growing popularity of miniaturized passive electrical components that can easily be used in consumer electronics, such as cameras, smartphones, and speakers, are also creating a positive market outlook.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Eaton Corporation PLC, KOA Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity, TT Electronics Plc, Vishay Intertechnology Inc. and Yageo Corporation.

The report has segmented the market on the basis of region, type and end use industry.

Breakup by Type:
• Capacitor
o Ceramic Capacitors
o Tantalum Capacitors
o Aluminum Electrolytic Capacitors
o Paper and Plastic Film Capacitors
o Supercapacitors
• Inductor
o Power
o Frequency
• Resistor
o Surface-mounted Chips
o Network
o Wirewound
o Film/Oxide/Foil
o Carbon

Breakup by End Use Industry:
• Aerospace and Defense
• Consumer Electronics
• Information Technology
• Automotive
• Industrial
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163