Press release
Passive Electronic Components Market to Surge at 6.03% CAGR, Reaching USD 46.60 Bn by 2030!
Passive Electronic Components Market
The global passive electronic components market is experiencing robust expansion, driven by the escalating demand for electronic devices and the adoption of advanced technologies. Valued at approximately USD 30.93 billion in 2023, the market is projected to reach nearly USD 46.60 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 6.03% during the forecast period.
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Competitive Landscape
The passive electronic components industry is characterized by a blend of prominent global players. Leading companies such as Murata Manufacturing Co. Ltd., TDK Corporation, Taiyo Yuden Co. Ltd., Panasonic Corporation, and Samsung Electro-Mechanics are at the forefront, continually innovating to meet the evolving demands of various sectors, including consumer electronics, automotive, and telecommunications.
Regional Demand Highlights
The Asia Pacific region holds a dominant position in the passive electronic components market, accounting for a significant share of global revenue. This dominance is attributed to the region's strong manufacturing base, particularly in countries like China and Japan, and the rapid adoption of electronic devices and technologies.
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Segmentation Analysis
by Type
Resistor
Capacitor
Inductor
Transformer
Others
Because of their wide range of end uses in electronic devices such as laptops, cellphones, and automotive systems, capacitors are the market leader for passive electronic components and are expected to hold the highest share. Additionally, circuits for power supplies and audio systems depend heavily on capacitors. The growing need for energy-efficient gadgets and the thriving automotive sector are driving the capacitor market. The resistor segment, which finds applications in a variety of end users, including voltage regulation, noise reduction, and temperature sensing, is expected to increase significantly at the same time.
by Material
Ceramic
Metal
Polymer
Others
In 2023, the ceramic category dominated the market thanks to its diverse end users in the automotive, medical, laptop, and smartphone industries. Ceramic capacitors are useful in power supply circuits and audio systems because of their great frequency and temperature stability. Ceramic is perfect for capacitors, resistors, and inductors-all of which are essential components in electronic circuits for filtering, energy storage, and noise reduction-because of its high dielectric constant, low loss factor, and stability over a broad temperature range.
by End User
Consumer Electronics
Automotive
Industrial
Telecommunications
Healthcare
Aerospace & Defense
Energy & Power
Others
The market for passive electronic components has a wide range of end-user segments, which significantly influences its dynamics. The market was dominated by the consumer electronics segment, but the automotive industry is expected to develop significantly due to the widespread use of passive components in automotive end users, such as powertrain, infotainment, and lighting systems, as well as the rise in the adoption of electric vehicles.
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Key Market Participants:
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
22. Pulse Electronics Corporation
23. Laird PLC
24. Bourns Inc.
25. Diodes Incorporated
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