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Global Passive Electronic Components Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Passive electronic components are ones that do not require a source of energy to perform their intended functions. They are the cornerstone of all electronics, both in terms of physical design and the language of circuit models that describe electrical behaviour in more complex systems. They're used for everything from power conversion to power stability, filtering, and configuring integrated circuits.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to its innovations and developments. China, which is becoming more and more significant in the global automobile market, has a booming automotive sector. Two of the key nations boosting the market for capacitors are Japan and South Korea. One of the vital infrastructures that sustained the Japanese economy and developed alongside other sectors is the transportation industry. To develop electric vehicle technology for electric automobiles, including mini-vehicles, SUVs, passenger cars, and light trucks, the largest automaker in the nation, Toyota, has teamed up with another participant, Mazda. The Asian-Pacific area accounts for the majority of the demand for inductors.
Some of the key players profiled in the Passive Electronic Components Market include Panasonic Corporation, Eaton Corporation, Honeywell International Inc, Coilcraft Inc., Yageo Corporation, TT Electronics PLC, Bourns Inc, KOA Speer Electronics Inc., Fortive Corporation, TE Connectivity Ltd, AVX Corporation, Ohmite Manufacturing Company, Murata Manufacturing Co. Ltd, Susumu Co. Ltd, TDK Corporation, Arcol UK Limited, KEMET Corporation, Cornell Dubilier Electronics In, Vishay Intertechnology Inc. and Sagami Elec Co. Ltd.
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