Press release
Passive Electronic Components Market Witnesses Phenomenal Growth, Projected to Reach US$ 43.95 Billion by 2029
Passive Electronic Components Market
The report provides an in-depth analysis of the Passive Electronic Components Market, covering market segmentation based on product types, materials, and end-users. It includes detailed insights into the market dynamics, drivers, restraints, and challenges affecting the industry. The research methodology employed for the report ensures accuracy and reliability in the data presented.
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What are Passive Electronic Components Market Dynamics?
Market Drivers and Restraints
The increasing demand for electronic devices, including smartphones, laptops, and consumer electronics, has been a major driver for the Passive Electronic Components Market. The adoption of new technologies like IoT and 5G has further propelled the demand for Passive Electronic Components, especially in the telecommunications sector. The automotive industry's growth and the rising trend of automation and robotics in various industries have also contributed to the demand for Passive Electronic Components.
However, the market faces challenges, including supply shortages caused by factors such as the COVID-19 pandemic, trade restrictions, and supply chain disruptions. The pandemic has impacted manufacturing operations, leading to shortages of raw materials and finished goods. Trade restrictions and geopolitical tensions have affected the supply chain, causing transportation and delivery delays. As a result, the Passive Electronic Components Prices have surged, presenting challenges for manufacturers and end-users. The increasing complexity and miniaturization of electronic devices have also fueled the demand for high-performance components, leading to supply shortages in components like high-frequency capacitors and inductors.
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What is Passive Electronic Components Market Segmentation?
Passive Electronic Components Market by Type
1.Capacitors
2.Resistors
3.Inductors
The passive electronic components, by kind Capacitors, resistors, inductors, and others are included in the market segmentation based on type. Due to their widespread use in numerous electronic products, including smartphones, laptops, and automotive applications, capacitors are anticipated to have the biggest market share. Audio systems and power supply circuits both require capacitors. The growth of the capacitor market is anticipated to be fueled by the rising demand for energy-efficient electronics and the expansion of the automotive sector.
Passive Electronic Components Market by Material
1.Ceramic
2.Aluminium
3.Tantalum
4.Others
By Material: Ceramic, Aluminium, Tantalum, and Others are among the materials used to segment the market for passive electronic components. Due to its use in numerous applications, including smartphones, laptops, automobiles, and medical equipment, the ceramic category is anticipated to hold the greatest market share. The great frequency and temperature stability of ceramic capacitors make them ideal for use in audio systems and power supply circuits. Due to its use in power electronics and automotive applications, the aluminium industry is also anticipated to experience significant growth.
Passive Electronic Components Market by End-User
1.Consumer Electronics
2.Automotive
3.Healthcare
4.Telecommunications
5.Aerospace
6.Defence
7.Others
Consumer Electronics, Automotive, Healthcare, Telecommunications, Aerospace & Defence, and Others are some of the end-user segments for passive electronic components. Due to the rising demand for smartphones, laptops, and other electronic devices, the consumer electronics segment is anticipated to hold the biggest market share. Due to the rising popularity of electric vehicles and the use of passive components in numerous automotive applications, including lighting, infotainment systems, and powertrain systems, the automotive sector is also anticipated to experience substantial growth.
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Who are Passive Electronic Components Market Key Players?
1.Murata Manufacturing Co. Ltd.
2.TDK Corporation
3. Taiyo Yuden Co. Ltd.
4.Panasonic Corporation
5. Samsung Electro-Mechanics
6. Vishay Intertechnology
7. KEMET Corporation
8.AVX Corporation
9.Walsin Technology Corporation
10. Yageo Corporation
11. Nippon Chemi-Con Corporation
12. Nichicon Corporation
13.Rubycon Corporation
14. Rohm Co. Ltd.
15.EPCOS AG
16.Koa Corporation
17. Sumida Corporation
18. Chilisin Electronics Corp.
19.Holy Stone Holdings Co. Ltd.
20.Johanson Technology Inc.
21.CTS Corporation
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Table of content for the Passive Electronic Components Market includes:
Global Passive Electronic Components Market: Research Methodology
Global Passive Electronic Components Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Passive Electronic Components Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Passive Electronic Components Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Material (2021-2029)
Global Market, by End-User (2021-2029)
Regional Passive Electronic Components Market(2021-2029)
Regional Market, by Type (2021-2029)
Global Market, by Material (2021-2029)
Global Market, by End-User (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
The Asia-Pacific region dominates the Passive Electronic Components Market, holding a share of 50% in 2022. The region's growth is driven by the increasing demand for consumer electronics and automotive applications. China, with its robust manufacturing base, plays a significant role in the region's market.
North America and Europe hold the second and third-highest market shares at around 25% and 20%, respectively. These regions are expected to witness significant growth due to the increasing adoption of electric vehicles, deployment of 5G technology, and the adoption of renewable energy and smart grid technology.
The South American and Middle East & Africa regions are also expected to witness significant growth, driven by the increasing demand for consumer electronics, automotive applications, and infrastructure investments.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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