Active and Passive Electronic Component Market was valued at USD 450 Billion in 2022 and is projected to reach USD 650 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
During the 2018-2022 period, the active electronic component market saw strong growth in response to the increasing need for advanced technologies in smartphones, automotive electronics, and consumer goods. Notably, the advent of 5G technology fueled demand for high-performance semiconductors, which were integral to the development of next-generation communication networks. On the other hand, passive components played a crucial role in stabilizing these high-performance devices by ensuring smooth electrical flow, reducing energy consumption, and improving reliability. The growth in smart devices, wearables, and automation also led to rising demand for passive components, often used in circuit boards and signal processing systems. A clear shift was observed toward miniaturization, as smaller components were needed to accommodate shrinking device sizes.
Looking ahead from 2023 to 2033, the market for active and passive components will face new challenges and opportunities. The continued rollout of 5G networks will drive sustained demand for active components, as more devices require high-speed connectivity and processing power. Additionally, the rise of AI, machine learning, and edge computing will increase the need for faster and more energy-efficient semiconductors. On the passive component side, growing industries like electric vehicles (EVs) and renewable energy will create a strong demand for power management systems, where passive components like capacitors and inductors are essential for controlling energy flow. However, the global shift towards sustainability and eco-friendly alternatives will also affect the market, leading to the development of new materials and designs in both active and passive components.
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The active and passive electronic component market has experienced significant transformations from 2018 to 2022, with rapid advancements in technology and shifts in demand across various industries. Active components, including semiconductors, transistors, and integrated circuits, have driven much of the innovation during this period. Meanwhile, passive components, such as resistors, capacitors, and inductors, have seen steady growth in demand, supporting the electronic systems where active components are implemented. As the world increasingly embraces technologies like 5G, Internet of Things (IoT), and electric vehicles, the market for these components has been propelled forward. Yet, while growth was strong from 2018 to 2022, the demand in the following decade, 2023-2033, will witness a different set of dynamics shaped by emerging trends and challenges.
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
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 Active and Passive Electronic Component Market
Automotive
Communications
Lighting
Industrial
Medical
Others
Based on Types the Market is categorized into Below types that held the largest Active and Passive Electronic Component market share In 2023.
Transistor
Diode
Resistor
Capacitor
Inductor
Transducer
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 Active and Passive Electronic Component 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 Active and Passive Electronic Component Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Active and Passive Electronic Component Market, By Type
6. Global Active and Passive Electronic Component Market, By Application
7. Global Active and Passive Electronic Component Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Active and Passive Electronic Component Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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