Passive Electrical Components Market was valued at USD 20.5 Billion in 2022 and is projected to reach USD 33.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global passive electrical components market was valued at approximately USD 350 billion in 2022, reflecting a robust growth trajectory driven by increasing demand across various industries such as automotive, consumer electronics, and industrial automation. The market is anticipated to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2028. This growth is attributed to the rising adoption of advanced electronic systems and increasing investments in technological advancements. Key drivers include the proliferation of electronic devices and the integration of passive components in emerging technologies like 5G and IoT, which are expected to bolster market expansion.
Opportunities within the passive electrical components market are significant, particularly in regions experiencing rapid industrialization and technological advancement. Emerging markets, including parts of Asia-Pacific and Latin America, present lucrative opportunities due to their growing electronics manufacturing sectors and increasing consumer electronics consumption. Additionally, the push towards miniaturization and higher efficiency in electronic devices is fueling innovation in passive components, such as resistors, capacitors, and inductors. This evolving landscape offers substantial growth prospects for companies that are able to adapt to the shifting demands and technological advancements within the industry.
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AVX Corporation
Vishay Intertechnology
Inc.
Mouser Electronics
Inc.
Murata Manufacturing Co.
Ltd.
TDK Corporation
Taiyo Yuden Co.
Ltd.
Samsung Electro-Mechanics
Hosiden Corporation
Yageo Corporation
Nichicon Corporation
Panasonic Corporation
Fujitsu Component Limited
Fenghua (HK) Electronics Ltd.
Rohm Co.
Ltd.
United Chemi-Con
TE connectivity
Molex Incorporated
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Passive Electrical Components Market
Consumer Electronics
IT & Telecommunication
Automotive
Industrial
Aerospace & Defense
Healthcare
Others
Based on Types the Market is categorized into Below types that held the largest Passive Electrical Components market share In 2023.
Resistors
Capacitors
Inductors
Transformers
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Passive Electrical Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Passive Electrical Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Passive Electrical Components Market, By Type
6. Global Passive Electrical Components Market, By Application
7. Global Passive Electrical Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Passive Electrical Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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