Press release
2025-2034 Interconnect And Passive Components Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Interconnect And Passive Components
What Will the Interconnect And Passive Components Industry Market Size Be by 2025?
The market size for interconnect and passive components has seen significant expansion in the past few years. It is projected to increase from $202.24 billion in 2024 to $212.72 billion in 2025 with a compound annual growth rate (CAGR) of 5.2%. This surge during the historic period can be traced back to flourishing consumer electronics, expansion in telecommunications, industrial automation, and a rise in automotive electronics.
What's the Long-Term Growth Forecast for the Interconnect And Passive Components Market Size Through 2029?
Projected to experience robust growth in the coming years, the market size of interconnect and passive components is anticipated to reach $269.09 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. This upward trajectory is primarily attributed to factors such as the unfolding of 5G networks, the rising popularity of electric vehicles (EVs), the expansion of the Internet of Things (IoT), and growth in aerospace and defense. The advancement and miniaturization of technology, high-frequency and RF components, sustainable and ecosafe components, and the introduction of customization and modular designs are identified as key trends for the forecast period.
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What Are the Key Growth Drivers Fueling the Interconnect And Passive Components Market Expansion?
The growth of the interconnect and passive components market is predicted to be driven by the rising production of consumer electronics. Consumer electronics, which are electronic devices and gadgets intended for personal use in entertainment, communication, productivity, and other daily tasks, will necessitate the use of interconnect and passive components. These components facilitate flawless connectivity, miniaturization, and improved functionality in consumer electronic devices, catering to the complexities and integrations of modern products. As reported by the Japan Electronics and Information Technology Industries Association in May 2023, Japan's total electronic equipment production stood at $6,722 million (¥771,457 million). Furthermore, the production of consumer electronics hit $280 million (¥ 32,099 million) in May 2023, an increase from $230.9 million (¥25,268 million) the previous year. As a result, the upsurge in consumer electronics production will stimulate the growth of the interconnect and passive component market.
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What Are the Key Trends Driving Interconnect And Passive Components Market Growth?
Leading businesses in the interconnect and passive components industry are putting efforts into creating novel components such as high-frequency passive components. The aim is not only to bolster reliable and superior satellite communication but also to maintain their market positioning. For instance, in August 2023, Smiths Interconnect Inc., an electronic components firm based in the US, introduced its E-Band passive components that came with WR12 couplers, loads, and isolators. These innovative WR12 waveguide components have been curated with forward-thinking E-Band terrestrial uplinks for Low Earth Orbit (LEO) constellations and payloads in mind. They are specifically enhanced to handle the high RF power necessary for sturdy communication links. This product lineup is perfect for dependable applications such as high-profile space missions. They are solely created in-house from designing to manufacturing to testing. Featuring wide-ranging tuning, high power termination and steady performance over the 71-76 and 81-86 GHz bands makes WR12 waveguide hybrids suitable for worldwide use.
How Is the Interconnect And Passive Components Market Segmented?
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
Subsegments:
1) By Passive Components: Resistors, Capacitors, Inductors, Filters, Crystals And Oscillators, Sensors
2) By Interconnects: Connectors, Cables And Wires, Circuit Board Connectors, Terminals, Adapters, Sockets And Plugs
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Which Companies Are Leading the Charge in Interconnect And Passive Components Market Innovation?
Major companies operating 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.
Which Regions Are Leading the Global Interconnect And Passive Components Market in Revenue?
Asia-Pacific was the largest region in the interconnect and passive components market in 2024. 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.
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