Active and Passive Electronic Component - Market Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Active and Passive Electronic Component - Market Size
The global market for Active and Passive Electronic Component was estimated to be worth US$ 455720 million in 2023 and is forecast to a readjusted size of US$ 634980 million by 2030 with a CAGR of 5.3% during the forecast period 2024-2030

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Market Trends in the Active and Passive Electronic Component Market:

1. Surge in Consumer Electronics Demand:
The increasing demand for consumer electronics such as smartphones, wearables, and home appliances is driving the need for active and passive electronic components. As these devices become more complex and feature-rich, the demand for high-quality and reliable electronic components is growing, spurring market expansion.
2. Rise of Electric Vehicles (EVs):
The global push for sustainability and the growing adoption of electric vehicles (EVs) are major drivers of the active and passive electronic component market. EVs require a range of electronic components, including semiconductors, sensors, and connectors, to manage power, connectivity, and battery systems. This trend is fueling growth in the market, as automakers and suppliers continue to integrate advanced electronic components into vehicles.
3. Advancements in 5G and IoT:
The rollout of 5G networks and the expansion of the Internet of Things (IoT) are leading to higher demand for electronic components that can support faster, more efficient communications. Active components like semiconductors and passive components like capacitors and resistors are essential for the functioning of IoT devices and 5G infrastructure. This is boosting the market for both active and passive components across various industries.
4. Miniaturization and Integration:
A key trend in the active and passive electronic component market is the miniaturization of components to fit smaller, more compact devices. As consumer electronics, medical devices, and automotive systems become more integrated, manufacturers are focusing on designing smaller, more efficient components. This drives innovation and introduces opportunities for new product offerings.
5. Focus on Sustainable Manufacturing:
There is a growing emphasis on sustainability in the manufacturing of active and passive electronic components. As environmental concerns continue to rise, many manufacturers are adopting eco-friendly practices, such as reducing waste, using recyclable materials, and improving energy efficiency in their production processes. This trend is pushing for greener alternatives and is expected to influence the market in the coming years.
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Challenges in the Active and Passive Electronic Component Market:

1. Supply Chain Disruptions:
The active and passive electronic component market is highly sensitive to supply chain disruptions. The COVID-19 pandemic and geopolitical tensions have highlighted the vulnerability of the global supply chain. Shortages of key materials, such as semiconductors, as well as delays in manufacturing and transportation, continue to pose challenges to the market's growth.
2. Intense Price Competition:
The market for electronic components is highly competitive, with numerous manufacturers offering similar products. This has led to price pressures, particularly in commodity-type components. Companies must differentiate themselves through quality, performance, and technological innovation to stay competitive while maintaining profitability.
3. Technological Complexity:
As electronic devices become more advanced, the complexity of the components required increases. The demand for more sophisticated and customized components presents a challenge for manufacturers who need to continuously innovate and adapt to meet the diverse requirements of industries like telecommunications, automotive, and healthcare.
4. Environmental Regulations:
Stringent regulations surrounding electronic waste and the environmental impact of production processes are forcing manufacturers to adopt more sustainable practices. Compliance with these regulations, while beneficial in the long term, adds complexity and cost to the manufacturing of electronic components, presenting a challenge to market players.
5. Raw Material Shortages:
The availability of raw materials, particularly for semiconductors and other active components, is a growing concern. The competition for essential materials like rare earth metals, which are critical for electronics production, is intensifying. Fluctuations in raw material prices can affect production costs and lead to supply shortages.

Segment by Type:

• Transistor
• Diode
• Resistor
• Capacitor
• Inductor
• Transducer
• Others

Segment by Application

• Automotive
• Communications
• Lighting
• Industrial
• Medical
• Others

By Company

Texas Instruments, Murata, STMicroelectronics, NXP Semiconductors, Kyocera, Omron, Amphenol, ON Semiconductor, Infineon Technologies, Samsung Electro-Mechanics, TDK Corporation, Analog Devices, Inc., Molex, Vishay, Qorvo, Nippon Mektron, Vectron, Yageo, Skyworks, Taiyo Yuden Co., Ltd., Eaton Corp., TE Connectivity Ltd., Littelfuse, Panasonic Corporation, KEMET, Nippon Chemi-Con, Microchip

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