Press release
Passive Electronic Components Market 2021 Growth, Prominent Players: KEMET Corporation, Panasonic Corporation, TDK Corporation, Vishay Intertechnology Inc.
The Passive Electronic Components Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Passive Electronic Components market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Passive Electronic Components market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Passive Electronic Components 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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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., Nichicon Corporation, WIMA GmbH & Co KG, Cornell Dubilier Electronics Inc., Yageo Corporation, Lelon Electronics Corp, United Chemi-Con (Nippon Chemi-con Corporation), Bourns Inc., 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 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).
- 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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Passive Electronic Components Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Passive Electronic Components Market (%),2016 - 2026
- Passive Electronic Components Market Share, By Brand
- Passive Electronic Components Market Share, By Company
- Passive Electronic Components Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Passive Electronic Components Market Value Analysis & Forecast
- Promising Passive Electronic Components Development by Major Companies
- Detailed Passive Electronic Components Portfolio of the Major Companies
- Major Deals in the Passive Electronic Components Market
- Major Companies Analysis
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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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