Passive Electronic Components Market 2021 Strategic Assessments and Business Scenario – KEMET Corporation, Panasonic Corporation, TDK Corporation, Vishay Intertechnology Inc.

MarketInsightsReports has published a report entitled Global Passive Electronic Components Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Passive Electronic Components Market is expected to register a CAGR of approximately 4.2% during the forecast period (2020 - 2025).

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Key Market Players: KEMET Corporation, Panasonic Corporation, TDK Corporation, Vishay Intertechnology Inc., Murata Manufacturing Co Ltd., AVX Corporation, Taiyo Yuden Co Ltd., Nichicon Corporation, WIMA GmbH & Co KG, Cornell Dubilier Electronics Inc., Yageo Corporation, Lelon Electronics Corp, United Chemi-Con (Nippon Chemi-con Corporation), Bourns Inc., Wurth Elektronik Group, API Delevan (Fortive Corporation), Eaton Corporation, Coilcraft Inc., TT Electronics PLC, KOA Speer Electronics Inc., TE Connectivity Ltd, Ohmite Manufacturing Company, Susumu Co. Ltd, Arcol UK Limited, Honeywell International Inc. and Other

Industry News and Updates:

- April 2020 - Bourns, Inc., introduced its new AEC-Q200 compliant series of thick film chip resistors. Also, the company aims to maintain its leadership position in introducing space-saving resistor products by offering its latest Model CRxxxxA series in eight compact form factorsfrom small 0201 (0603 Metric) up to 2512 (6431 Metric).
- December 2019 - The Taiwan-based Yageo Corporation is planning to acquire passives component supplier Kemet Corporation based in the US to create a new global giant in the manufacture of capacitors, magnetic components and other electronic components.

Key Market Trends

Automotive Industry Expected to Show Significant Adoption

- The automotive electronics are electronic systems used in road vehicles (ignition, radio, telematics, engine management, and in-car entertainment systems, among others). The automotive market is fast emerging to be the most profitable, with increasing opportunities for product innovation. With the increasing demand for hybrid electric vehicles, the need for passive electronic components is on the rise.
- Furthermore, owing to emission and energy concerns, electric vehicles have gained significant prominence. Even with a minor role of capacitors in micro to mild hybrid cars, energy savings can add up to 15%. In contrast, for more significant functions, such as energy storage systems in electrical trams, trains, and subways, energy savings can add up to 25% of the electricity used. Therefore, these factors are motivating automotive vendors to invest in the market studied.
- In March 2020, KEMET Corporation launched new metal composite power inductors, which are ideal for the growing demands of the automotive market. These new inductors are used in DC to DC switching power supplies, which play an essential role in the growing electrification of modern vehicles.
- Also, resistors are ideal for automotive technicians for diagnosing and testing sensors and monitored circuits. For instance, in March 2020, KOA planned to introduce a new range of wire wound and metal oxide high-power resistors in a ceramic case, which will be dedicatedly used for automotive pre-charge/discharge applications.

Asia-Pacific Expected to Dominate the Market

- The Asia-Pacific region is expected to dominate the market studies in the forecast period, owing to the presence of several market players, such as Panasonic Corporation, TDK Corporation, Murata Manufacturing, and Yageo Corporation, amongst other players in the region.
- Also, several technological advancements, such as the exponential growth of smartphones in the region, coupled with the number of smartphone users in the countries has been growing, which is poised to drive the market studied in this region.
- Further, smart city initiatives in the region have also been on the rise, which contributes to the growth of inductors in the region. Countries in the Asia-Pacific region, such as China, India, Japan, and South Korea, lead such initiatives. Smart City initiatives propel the growth of digitalization, 5G technology, and the deployment of several IoT sensors.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Passive Electronic Components market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Passive Electronic Components market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Passive Electronic Components market.

Market Segments: This part of the report discusses product type and application segments of the global Passive Electronic Components market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Passive Electronic Components used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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