Interconnect And Passive Components Market: Business Opportunities, Strategies, Top Players And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Interconnect And Passive Components Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $257.57 billion In 2028 At A CAGR Of 6.2% :

The interconnect and passive components market size has grown strongly in recent years. It will grow from $188.94 billion in 2023 to $202.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to booming consumer electronics, telecommunications expansion, industrial automation, growing automotive electronics.

The interconnect and passive components market size is expected to see strong growth in the next few years. It will grow to $257.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to 5g network rollout, electric vehicle (ev) revolution, internet of things (iot) expansion, growing aerospace and defense. Major trends in the forecast period include miniaturization and technology advancements, high-frequency and rf components, sustainable and eco-friendly components, customization and modular designs developments.

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Interconnect And Passive Components Market Major Segments
The interconnect and passive components market covered in this report is segmented -

1) By Product: Passive Components; Interconnects
2) By Application: Consumer Electronics; Data Processing; Telecommunication; Military And Aerospace; Automotive; Industrial; Healthcare

Key Driver - Consumer Electronics Production Driving Growth In Interconnect And Passive Components Market

The increasing production of consumer electronics is expected to propel the growth of the interconnect and passive components market going forward. Consumer electronics refers to electronic devices and gadgets designed for personal use by individuals for entertainment, communication, productivity and other everyday purposes. Consumer electronics production will fuel the need for interconnect and passive components as they enable seamless connectivity, miniaturization and enhanced functionality within consumer electronic devices, meeting the demands of modern product complexity and integration. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan accounted for $6,722 million (¥771,457 million). In addition, consumer electronics production reached $280 million (¥ 32,099 million) in May 2023, compared to $230.9 million (¥25,268 million) in May 2022. Therefore, increasing the production of consumer electronics will drive the growth of the interconnect and passive component market.

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Prominent Trend - Innovation In High-Frequency Passive Components For Satellite Communication

Major companies operating in the interconnect and passive components market are focused on developing innovative components, such as high-frequency passive components, to support reliable and high-performance satellite communication and sustain their position in the market. For instance, in August 2023, Smiths Interconnect Inc., a US-based electronic components manufacturer, launched its E-Band passive components with WR12 couplers, loads and isolators. These broadband WR12 waveguide components are designed for next-gen E-Band terrestrial uplinks to Low Earth Orbit (LEO) constellations and payloads. They are optimized to manage the high RF power required for robust communication links. The product series is ideal for reliable applications like prestigious space missions, with in-house design, manufacturing and testing. The WR12 waveguide hybrids are suitable for global use, featuring broad tuning, high-power termination and stable performance over the 71-76 and 81-86 GHz bands.

Interconnect And Passive Components Market Players
Major players in the interconnect and passive components market are Foxconn Electronics Inc., Nichicon Corporation, Koch Industries Inc., Panasonic Corporation, Cisco Systems Inc., KYOCERA AVX Components Corporation, TE Connectivity Corporation, TDK Corporation, Molex Incorporated, YAZAKI Corporation, Amphenol Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., AMETEK Inc., Hubbell Inc., Delphi Technologies PLC, Yageo Corporation, Vishay Intertechnology Inc., Bourns Inc., Taiyo Yuden Co. Ltd., Japan Aviation Electronics Industry Ltd., KEMET Electronics Corporation, HIROSE ELECTRIC CO., Sumida Corporation, TT Electronics PLC, Rubycon Corporation, Pulse Electronics Corporation, J.S.T. Mfg. Co., Chogori Technology Co. Ltd., Zeeteq Electronics Co. Ltd. .

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the interconnect and passive components market in 2023. The regions covered in interconnect and passive components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Interconnect And Passive Components Market Report Structure
3. Interconnect And Passive Components Market Trends And Strategies
4. Interconnect And Passive Components Market - Macro Economic Scenario
5. Interconnect And Passive Components Market Size And Growth
…..
27. Interconnect And Passive Components Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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