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Passive Electronic Components Market 2021 Size, Status and Global Outlook - Panasonic Corporation, TDK Corporation, Vishay Intertechnology Inc.

09-17-2021 01:00 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

The Passive Electronic Components Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The passive electronic components market was valued at USD 30.98 billion in 2020 and expected to reach USD 39.59 billion by 2026 and grow at a CAGR of 4.2% over the forecast period (2021 - 2026).

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https://www.marketinsightsreports.com/reports/02082593228/passive-electronic-components-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Source=Openpr&Mode=PD                                                        

Top Leading Companies of Passive Electronic Components Market are KEMET Corporation, Panasonic Corporation, TDK Corporation, Vishay Intertechnology Inc., Murata Manufacturing Co. Ltd, AVX Corporation, Taiyo Yuden Co. Ltd, Yageo Corporation, Eaton Corporation, TE Connectivity Ltd and others.

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 factors from small 0201 (0603 Metric) up to 2512 (6431 Metric).

March 2020 - KEMET launched a new family of metal composite power inductors to address the stringent demands of the automotive market. The MPXV product offering enhances the company's METCOM range and is AEC-Q200 qualified for use in the automotive sector. The new power inductors provide efficient power conversion while minimizing Electromagnetic Interference (EMI), and are ideal for use in DC to DC switching power supplies for the growing number of Electronic Control Units (ECUs) found in automotive systems.

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 increasing 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.

Regional Outlook of Passive Electronic Components Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082593228/passive-electronic-components-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Source=Openpr&Mode=PD                                                                

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Passive Electronic Components Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com).

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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