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Global Interior And Exterior Passenger Car Parts Market Projected to Grow at 6.3% CAGR, Reaching $281.84 Billion by 2029
Interior And Exterior Passenger Car Parts
What Is the Expected CAGR for the Through-Hole Passive Components Market Through 2025?
The market size for through-hole passive components has been experiencing consistent growth in the last few years. The size is predicted to increase from $38.18 billion in 2024 to $39.92 billion in 2025, with a compound annual growth rate (CAGR) of 4.6%. This growth during the historical period can largely be credited to the surge in electronics manufacturing, the advancement in industrial automation and control systems, consumer electronic adoption, the integration of automotive electronics, and the progress of telecommunication infrastructure.
What's the Projected Size of the Global Through-Hole Passive Components Market by 2029?
The market for through-hole passive components is predicted to demonstrate substantial growth over the upcoming years. It is predicted to amplify to $51.21 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. This growth during the expected period can be credited to the adoption of renewable energy systems, the advancement in smart grid technologies, the swell of the Internet of Things (IoT), the surge in the electric vehicles (EVs) market, and the escalation in 5G network deployment. Key developments during this anticipated period include the broadening of application scope in automotive electronics, the consolidation of through-hole parts in IoT devices, the focus on components that can endure high-temperatures and severe environments, the development of low-profile through-hole inductors, and the rise in automation within the manufacturing process of through-hole components.
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Top Growth Drivers in the Through-Hole Passive Components Industry: What's Accelerating the Market?
The growth of the through-hole passive component market is forecasted to be driven by the increasing demand for consumer electronic devices. Any gadget that features an electronic circuit board and is designed for everyday use by individuals can be classified as a consumer electronic device. The growing preference for smart home devices, wearables, and other connected devices escalates the need for electrical components, hence, boosting the popularity of through-hole passive components. For example, a statistical report released by the U.S. Census Bureau in January 2023 showed that the monthly retail sales of electronics and appliances in the United States stood at $7.59 billion in May 2022. This represents a remarkable increase of $3.37 billion in retail sales of electronics and appliances over a two-year duration. Consequently, the escalating demand for consumer electronic devices will stimulate the through-hole passive component market.
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Which Emerging Trends Are Transforming the Through-Hole Passive Components Market in 2025?
In the through-hole passive component market, the creation of novel products is becoming increasingly important as a trend. The principal companies in this market are honing in on the development of groundbreaking solutions to fortify their market positioning. In a case in point, Diodes Incorporated, a semiconductor manufacturer and supplier based in the United States, unveiled its premier range of silicon carbide (SiC) Schottky barrier diodes (SBD) in January 2023. This selection comprises eight 1200V products (2A, 5A, and 10A) under the DSCxx120 series umbrella, and another eleven 650V products within the DSCxxA065 line. A standout feature of this product is its wide bandgap for SBD, delivering advantages like significantly enhanced efficiency and reliability at high temperatures. It also fulfills market demand for lower operating expenses and minimal maintenance.
What Are the Main Segments in the Through-Hole Passive Components Market?
The through-hole passive components market covered in this report is segmented -
1) By Component: Resistors, Capacitors, Inductors, Diodes, Transducers, Sensors, Other Components
2) By Leads Model: Axial, Radial
3) By Application: Consumer Electronics, Automotive, Industrial, IT And Telecom, Aerospace And Defense, Healare And Life Sciences, Other Applications
Subsegments:
1) By Resistors: Fixed Resistors, Variable Resistors, Specialty Resistors
2) By Capacitors: Ceramic Capacitors, Electrolytic Capacitors, Film Capacitors, Tantalum Capacitors
3) By Inductors: Air Core Inductors, Iron Core Inductors, Ferrite Core Inductors, Power Inductors
4) By Diodes: Rectifier Diodes, Zener Diodes, Schottky Diodes, Signal Diodes
5) By Transducers: Pressure Transducers, Temperature Transducers, Force Transducers
6) By Sensors: Temperature Sensors, Proximity Sensors, Light Sensors, Humidity Sensors
7) By Other Components: Filters, Ferrite Beads, Resistor Networks
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Which Top Companies are Driving Growth in the Through-Hole Passive Components Market?
Major companies operating in the through-hole passive components market include Panasonic Holdings Corporation, TE Connectivity Ltd., TDK Corporation, Murata Manufacturing Co Ltd., 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., 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
Which Regions Will Dominate the Through-Hole Passive Components Market Through 2029?
Asia-Pacific was the largest region in the through-hole passive component market in 2024, is expected to be the fastest-growing region in the global through-hole passive component market report during the forecast period. The regions covered in the through-hole passive components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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