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Global Passive Electronic Components Market 2022-2027: Industry Share, Growth, Report | IMARC Group
Passive Electronic Components Market Overview:The latest research study "Passive Electronic Components Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global passive electronic components market size reached a value of US$ 34.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 46.87 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
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 (R&D) 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.
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Global Passive Electronic Components Market 2022-2027 Analysis and Segmentation:
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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/passive-electronic-components-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Research Report of IMARC Group:
Wireless Microphone Market Report 2022-2027: https://www.einpresswire.com/article/590830344/wireless-microphone-market-size-to-reach-us-3-7-billion-by-2027-with-growth-rate-cagr-of-5-50-2022-2027
Industrial Computed Tomography Market Report 2022-2027: https://www.digitaljournal.com/pr/industrial-computed-tomography-market-report-2022-2027-top-companies-overview-size-share-growth-and-forecast
LiDAR Market Report 2022-2027: https://www.einpresswire.com/article/586545660/lidar-market-share-size-competitive-analysis-growth-opportunities-report-status-and-forecast-to-2022-2027
UV LED Market Report 2022-2027: https://www.digitaljournal.com/pr/uv-led-market-2022-2027-size-share-scope-trends-opportunities-growth-analysis-research-report-top-key-players
Flexible Display Market Report 2022-2027: https://www.digitaljournal.com/pr/flexible-display-market-2022-2027-industry-share-size-trends-report-growth-scope-analysis-top-key-players
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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'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.
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