About Passive Electronic Components
Passive electronic components is defined as the components which consume energy and don't need an external power source to function. It is incapable of providing power gain. It is widely used in various application such as aerospace & defense, medical electronics, information technology, automotive, among others. Rising demands in electric vehicles & power Converters and increasing incorporation of infotainment and navigation features is projected to drive the global passive electronic components market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.41% |
The market is highly fragmented with the presence of various players in the market. Some of the major players which are operating in the market are ABB (Switzerland), Murata Manufacturing Co., Ltd. (Japan), Nichicon Corporation (Japan), among others. Analyst at AMA Research estimates that United States and Japan Players will contribute the maximum growth to Global Passive Electronic Components market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are TDK (Japan), Taiyo Yuden (United States), Nippon Chemi-Con (Japan), Panasonic (Japan), Rubycon (Japan), TT Electronics (United Kingdom), Vishay Intertechnology, Inc. (United States) and Walsin Technology (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Passive Electronic Components market by Type (Resistors, Potentiometer, Capacitors, Inductors, Switches and Others), Application (Aerospace & Defense, Medical Electronics, Information Technology, Automotive, Industrial and Others) and Region.
On the basis of geography, the market of Passive Electronic Components has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material Capabilities, the sub-segment i.e. Aluminum will boost the Passive Electronic Components market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Use of Electronic Components in new Standard Cars
Market Growth Drivers:
Rising Demands in Electric Vehicles and Power Converters and Increasing Use of the Internet of Things and Automotive Technologies in Electronic Devices
Challenges:
Lack of Standardization of Passive Electronic Components Products
Restraints:
High Cost of Raw material
Opportunities:
Growing Demand from Emerging Market such as China, India, among others and Increasing Demand for High-Performance Electronic Device
Market Leaders and their expansionary development strategies
In December 2023, Murata Manufacturing Co., Ltd. (Japan) and Qualcomm Incorporated (USA) announced a collaboration to develop integrated passive devices (IPDs) for smartphones and other mobile devices.
In November 2023, AVX Corporation introduced a new line of high-temperature MLCCs for use in harsh environments.
Key Target Audience
Raw Material Suppliers and Distributors, Passive Electronic Components Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.