The article cited AMA's Global Passive Electronic Components Market Study explored substantial growth with CAGR of 6.41%. According the report, Increase in the Use of Electronic Components in new Standard Cars is one of the primary growth factors for the market. Rising Demands in Electric Vehicles and Power Converters is also expected to contribute significantly to the Passive Electronic Components market. Overall, Aerospace & Defense applications of Passive Electronic Components, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ABB (Switzerland), Murata Manufacturing Co., Ltd. (Japan), Nichicon Corporation (Japan), KOA Corporation (United States), AVX Corporation (United States), Kemet Electronics Corporation (United States), ROHM Co., Ltd. (Japan), Samsung Electro-Mechanics (South Korea) and Sumida Electric Hong Kong Company Ltd. (Hong Kong) may see astonishing sales in this Market and certainly improve revenue growth.

The Material Capabilities, such as Aluminum, is boosting the Passive Electronic Components market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Passive Electronic Components market identified that the demand is rising in many different parts of the world as "Growing Demand from Emerging Market such as China, India, among others ". Furthermore, some recent industry insights like "In November 2023, AVX Corporation introduced a new line of high-temperature MLCCs for use in harsh environments." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Standardization of Passive Electronic Components Products"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Passive Electronic Components market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Passive Electronic Components market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Passive Electronic Components market tight?
• Which application/end-user category or Product Type [Resistors, Potentiometer, Capacitors, Inductors, Switches and Others] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Passive Electronic Components market and other related sub-markets covered in the study.

o Key & emerging players in the Passive Electronic Components market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Passive Electronic Components market size is calculated using market estimation process, the Passive Electronic Components market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Passive Electronic Components market size has been validated using both top-down and bottom-up approaches.