Press release
Through-Hole Passive Components Global Market Trends 2024: Innovations and Market Forecast
Through-Hole Passive Components Market Drivers
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9458&type=smp
According to The Business Research Company's, The through-hole passive components market size has grown strongly in recent years. It will grow from $36.26 billion in 2023 to $38.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to electronics manufacturing boom, industrial automation and control systems, consumer electronics adoption, automotive electronics integration, telecommunication infrastructure development.
The through-hole passive components market size is expected to see strong growth in the next few years. It will grow to $50.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to renewable energy systems, smart grid technologies, Internet of things (IoT) expansion, electric vehicles (EVs) market growth, 5G network deployment. Major trends in the forecast period include expansion of application areas in automotive electronics, integration of through-hole components in IoT devices, emphasis on high-temperature and harsh environment components, introduction of low-profile through-hole inductors, increased automation in through-hole component manufacturing.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/through-hole-passive-components-global-market-report
Market Drivers and Trends:
Rising demand for consumer electronic devices is expected to propel the growth of the through-hole passive component market going forward. A consumer electronic device is any gadget that contains an electronic circuit board and is intended for use by individuals on a daily basis. The rising adoption of smart home gadgets, wearables, and other connected devices drives up demand for electrical components, thus rising popularity of through-hole passive component. For instance, in January 2023, according to a statistical report published by the U.S. Census Bureau, a US-based agency of the U.S. Federal Statistical System, the monthly retail sales of electronics and appliances in the United States were $7.59 billion in May 2022. This shows an impressive $3.37 billion increase in retail sales of electronics and appliances over the two-year period. Therefore, the rising demand for consumer electronic devices will drive the through-hole passive component market.
Product innovations are a key trend in gaining popularity in the through-hole passive component market. Major companies operating in the through-hole passive component market are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Diodes Incorporated, a US-based semiconductor manufacturer and supplier, launched its debut line of silicon carbide (SiC) Schottky barrier diodes (SBD). The portfolio consists of eight 1200V products (2A, 5A, and 10A) from the DSCxx120 series and eleven 650V products from the DSCxxA065 series. This product's unique characteristic is its wide bandgap for SBD, which provides the benefits of greatly higher efficiency and high-temperature dependability while also answering market requests for lower system operating costs and minimal maintenance.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Panasonic Holdings Corporation, Fujitsu Ltd., Texas Instruments Inc., TE Connectivity Ltd., TDK Corporation, Infineon Technologies AG, Murata Manufacturing Co Ltd., NXP Semiconductors NV, Microchip Technology Inc., Rohm Co Ltd., YAGEO Corp, Vishay Intertechnology Inc., Bourns Inc., Taiyo Yuden Co Ltd., Würth Elektronik Group, AVX Corporation, Nichicon Corporation, KEMET Corporation, Nippon Chemi-Con Corporation, KYOCERA AVX Components Corporation, Rubycon Corporation, Holy Stone Enterprise Co Ltd., EPCOS AG, Lelon Electronics Corp, Elna Co Ltd., Sagami Elec Co Ltd., Cornell Dubilier Electronics Inc., KOA Speer Electronics Inc., NIC Components Corporation, WIMA GmbH & Co KG
Through-Hole Passive Components Market 2024 Key Insights:
• The through-hole passive components market size is expected to see strong growth in the next few years. It will grow to $50.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Growing Consumer Electronics Demand Fuels Through-Hole Passive Component Market Surge
• Diodes Incorporated Pioneers The Through-Hole Passive Component Market With Silicon Carbide Schottky Barrier Diodes
• Asia-Pacific was the largest region in the through-hole passive component market in 2023, is expected to be the fastest-growing region in the global through-hole passive component market report during the forecast period
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9458&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Through-Hole Passive Components Global Market Trends 2024: Innovations and Market Forecast here
News-ID: 3779920 • Views: …
More Releases from The Business research company
Handguns Market Overview, Emerging Developments, and Key Player Analysis
An Overview of the Expanding Handguns Market
The global handguns market is set to experience significant growth in the coming years, driven by innovations and increasing demand across various user groups. This report offers insights into the market size, key drivers, prominent players, emerging trends, and segmentation, providing a comprehensive understanding of the industry's current landscape and future prospects.
Download a free sample of the handguns market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25341&type=smp
Projected Growth and Market Size…
Leading Companies Fueling Growth and Innovation in the Ground Handling Systems M …
The ground handling systems market is on track for notable expansion as the aviation sector increasingly embraces advanced technologies and sustainability initiatives. This growth reflects broader trends in airport infrastructure development, cargo logistics, and digital innovation, which are reshaping how ground operations are managed globally. Let's explore the market's growth expectations, leading players, emerging trends, and detailed segmentation.
Projected Market Growth and Size of the Ground Handling Systems Market
The ground…
Future Prospects: Key Trends Shaping the GEO Satellite Market Until 2030
The global GEO satellite market is positioned for meaningful growth over the coming years, driven by advancements in technology and increasing demand across various sectors. Understanding the market's size, key players, technological trends, and segmentation provides valuable insight into the evolving landscape and future opportunities of this industry.
Projected Market Growth and Size of the GEO Satellite Market by 2030
The GEO satellite market is anticipated to experience steady expansion, reaching…
Emerging Sub-Segments Transforming the Flying Taxis Market Landscape
The concept of flying taxis has moved from science fiction toward becoming a practical mode of transportation. With rapid technological advancements and increasing investments, this market is positioned for impressive growth as it aims to redefine urban mobility and reduce ground traffic congestion. Below is an overview of the flying taxis market, its growth drivers, key players, and emerging trends shaping the future of urban air travel.
Anticipated Growth of the…
More Releases for Corp
Updated 3D Display Market Size 2021-2030 | Major Players- Sony Corp., Panasonic …
Allied Market Research published a report titled, "3D Display Market: Global Opportunity Analysis and Industry Forecast, 2022-2030." According to the reportThe global 3D display market was valued at $76.50 billion in 2020, and is projected to reach $378.55 billion by 2030, registering a CAGR of 17.6% from 2021 to 2030.
The 3D Display Market report offers a current market analysis throughout the forecast timeframe. The research report provides an in-depth…
Investment Opportunities in 3D Display Market 2021-2027 for Sony Corp., Panasoni …
Allied Market Research published a new report, titled, "3D Display Market by Type (Volumetric Display, Stereoscopic Display, and HMD), Technology (Digital Light Processing (DLP), Plasma Display Panels (PDP), Organic LEDs (OLED), and LED), Access Methods (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Movie Projectors, HMD, and Others) - Global Opportunity Analysis and Industry Forecast, 2019-2027."
The market report provides an all-inclusive analysis of the…
Homeland Security Market Outlook - Post COVID-19 Scenario | IBM Corp, Lockheed M …
The homeland security market in Asia-Pacific region is projected to grow at significant rate during the forecast period, owing to increasing number terrorist activities, territorial wars, political unrest, protests, and government inclination towards police modernization in countries including India, Japan, China, and Sri Lanka.
North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period due to heavy investment…
Emerging 3D Display Market to 2027 | Sony Corp., Panasonic Corp., LG Electronics …
3D display provides three dimensional visualization and a sense of depth to the viewer. 3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense and engineering simulation. It is one of the new developments in the electronic industry as it offers a very immersive 3D viewing experience. Consumer electronics manufacturers (CEMs) are trying to change the user experience by enhancing their product…
3D Display Market | Sony Corp., Panasonic Corp., LG Electronics Inc., Samsung El …
A new market research report on the Global 3D Display market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global 3D Display market. The Global 3D Display analysis is broken down on different segmentation levels including Market By Type, By Technology, By Access Methods, By Application.
3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense, and engineering simulation. It is one of the…
D Television Market 2019: Industry Analysis By Samsung, LG Corp, Sony Corp, Shar …
D Television Market research report gives detailed information of major players like manufacturers, suppliers, distributors, traders, customers, investors and etc. D Television market Report presents a professional and deep analysis on the present state of D Television Market that Includes major types, major applications, Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc. Industry chain, manufacturing process, cost structure,…
