Press release
Interconnects and Passive Components Market to reach at USD 211 Billion 2019-2022 | Top Key Players by AVX C, Panasonic, Amphenol, Hubbell Incorporated, Hon Hai Precision, Ametek, Delphi Automotive
Market Highlights:
Market Research Future (MRFR) in its latest study projects that the global interconnects and passive components market will exhibit a CAGR of 6% during the forecast period (2016-2022). Towards the end of the assessment period, the market is expected to surpass a valuation of USD 200 Bn. Interconnect is brand of technology that defines cutting-edge optical connection or cable systems that are used for connecting two or more devices. The aforementioned factors are supporting the growth of the global interconnect and passive components market.
The technology finds high relevance in the modern world as digitization trends continue to gain momentum. Interconnects are being used to connect conductors both mechanically and electrically with terminal of electrical devices. Interconnects are passive electrical component of devices, which contain two power depots that store electricity in their magnetic flux. Computer system can serve as a perfect example of how interconnects and passive components are utilized for connecting multiple devices to form single operational system. In computers, interconnects are used for connecting hard drive to CPUs and laptops. Internal components in modern devices are connected using passive interconnects.
Interconnects and Passive Components Market are used in consumer electronics, industrial machineries, automotive systems and telecommunication equipment. There demand is expected to remain strong throughout the assessment period. Rising sales of consumer electronics is driving the global demand for various types of electronic components including interconnects and passive components. OEMs and equipment manufacturers are the primary end users of such components. Telecommunication, consumer electronics and computing industries are among the major consumers of such electronic components. Production of interconnects and passive components has continued to increase over the past couple of years owing to rising sales electronic products. Companies are setting up offshore manufacturing units that offer cost benefits and allow production expansion at mega-scale. Countries such as China, Mexico and India are presenting a favourable environment for setting up of manufacturing facilities. China in particular, is at the forefront of global manufacturing industry.
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Global Interconnects and Passive Components Market: Competitive Landscape
Some of the notable companies operating in the market include AVX Corporation (U.S.), Panasonic Corporation (Japan), Amphenol Corporation (U.S.), Hubbell Incorporated (U.S.), Hon Hai Precision Industry Co., Ltd., (U.S.), Cisco Systems, Inc. (U.S.), Ametek, Inc. (U.S.), Molex, LLC (U.S.), Delphi Automotive PLC (U.K.) and Hirose Electric Co., Ltd. (Japan).
Global Interconnects and Passive Components Market: Segmental Analysis
MRFR’s report includes a through segmental analysis of the market based on components and application. On the basis of the components, the market has been segmented into circuit boards, transformers, resistors & Inductors, diodes and PCBs. On the basis of application, the market is segmented into automotive, IT, consumer electronics, telecommunication, and industrial.
Global Interconnects and Passive Components Market: Regional Analysis
The market has been covered across North America, Europe, Asia Pacific, Latin America and the Middles East & Africa (MEA). Among these, the interconnects and passive components is expected to post a relatively higher growth rate during the forecast period. APAC led by China is expected to the most attractive business destination for market players. In recent years, the manufacturing sector has expended manifolds in the region. In addition, presence of a prominent consumer electronic companies in APAC is also reflecting favourably on the market. Factors such as cost benefits, softer regulatory norms and widespread availability of raw materials make the region highly desirable for setting up manufacturing units. North America holds the second position and in expected to play an important role in driving the growth of the global interconnects and passive components market in the forthcoming years.
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Intended Audience:
• Technology Providers
• Semiconductor Manufacturing Companies
• Semiconductor Distributors
• Consumer Electronic Manufacturers
• Consumer Electronic Suppliers
• Research Institutes
• Government
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Market Research Future
Office No. 528, Amanora Chambers
Pune – 411028
Maharashtra, India
Phone: +91 841 198 5042
Mail: sales@marketresearchfuture.com
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