Passive Electronic Components Market to reach USD 43.95 Bn by 2029 at a growth rate of 6.03 percent over the forecast period

May 20, 2023

Passive Electronic Components Market is segmented based on Type, material, and end user. Primary and secondary research methods were used to collect data from the Passive Electronic Components Market. Vast use of electronic components in various end-use industries is expected to boost the Passive Electronic Components Market growth. The Passive Electronic Components Market size was estimated using a bottom-up approach.

Pune, June 06, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, a global Electronics market research firm, has published a competitive intelligence and market research report on "Passive Electronic Components Market". The Passive Electronic Components Market size was valued at USD 29.17 Bn in 2022. The total Passive Electronic Components Market revenue is expected to grow at a CAGR of 6.03 percent from 2022 to 2029, reaching USD 43.95 Bn during the forecast period.

Market Size in 2022

USD 29.17 Bn

Market Size in 2029

USD 43.95 Bn

CAGR

6.03 percent (2023-2029)

Forecast Period

2023-2029

Base Year

2022

Number of Pages

270

No. of Tables

126

No. of Charts and Figures

121

Segment Covered

By Type, material, and end user

Regional Scope

North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage

Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Passive Electronic Components Market Scope and Research Methodology

The report is a detailed analysis of the Passive Electronic Components Market covering all the major aspects such as segments, country-wise, and region-wise. For a better understanding of Communication Platform as a Service Industry penetration, competitive structure, pricing analysis, and demand analysis of the market are undertaken at the local, regional and global levels.

Major companies are mentioned by region, along with their revenue, portfolio, developments, mergers & acquisitions, and strategic alliances, for competitive analysis of the Passive Electronic Components Market. Growth potential and business forecast for new market entrants are provided in the Passive Electronic Components Market report.

Passive Electronic Components Market is segmented based on Type, material, and end user to understand the variables and impact on the market growth. Bottom-up approach was used to estimate the Passive Electronic Components Market size. The primary and secondary methods were used to collect data from the Passive Electronic Components Market. SWOT analysis was conducted to provide the strengths and weaknesses of the Passive Electronic Components Market.

Passive Electronic Components Market overview

Passive Electronic components are the cornerstone of all electronics, in physical design and the language of circuit models, which describes electrical behaviour on complex systems. Integrated circuits include these components and also circuit boards contain some of the discrete passive components. The properties of the passive electronic components are No power generation and No power source. The increasing demand for the electronics devices is expected to boost the Passive Electronic Component market growth.

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Emergence of new technologies such as IoT and 5G to boost the Passive Electronic Components Market growth

Increased demand for electronic devices such as smartphones, laptops and other consumer electronics devices is expected to boost the Passive Electronic Component market growth. New technologies have been adopted on a high scale including IoT and 5G. Growing automotive industry, increasing trend for automation and robotics in end-use industry is significantly contributing for the market growth. There is a huge demand for high-performance passive electronic components driving the market growth. Investment in Research and Development activities to develop new technologies due to the need for high-performance components is expected to fuel the market growth.

Disruption in the supply chain, and restrictions in trade are challenging factors for the growth of the market. Due to these factors, there is a shortage of components and an increase in prices is expected to restrain the Passive Electronic Components Market growth. Availability of substitute components and lack of standardization is expected to hamper the market growth.

Asia Pacific region to dominate the Passive Electronic Components Market growth over the forecast period

Asia Pacific region dominated the market in 2022 with the largest market share of 50 percent and is expected to dominate the market over the forecast period. Growing demand for consumer electronics and automotive industry with presence of key players and manufacturers is expected to boost the market growth. Increasing demand for gaming machines, handsets and automotive applications helps businesses to boost the market growth. The sales of batteries in the Asia Pacific region has increased, which is expected to boost the market growth.

North America region holds the second largest Passive Electronic Components market share in 2022 with 25 percent of the total market share. Increasing adoption of electric vehicles and the deployment of 5G technology is expected to boost the regional market growth over the forecast period.

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Passive Electronic Components Market Segmentation

By Type:

Capacitors

Resistors

Inductors

Based on type, the Passive Electronic Components market is segmented into Capacitors, Resistors, and Inductors. Capacitor segment held the largest Passive Electronic Components market share in 2022 and is expected to dominate the market over the forecast period. Use of capacitors in electronic devices, and power supply circuits is expected to fuel the segment growth in the market. Demand for energy-efficient devices by the end-use industry is significantly contributing for the segment growth in the market.

By Material:

Ceramic

Aluminium

Tantalum

Others

Based on Material, the market is segmented into Ceramic, Aluminium, Tantalum, and Others. Ceramic segment held the largest Passive Electronic Components market share in 2022 and is expected to dominate the market over the forecast period. Capacitors use in applications such as smartphones, laptops, and many of the automotive devices, which is expected to boost the market growth. Ceramic capacitors are widely used in power supply circuits and audio systems due to its high frequency, which is significantly contributing for the market growth.

By End-User:

Consumer Electronics

Automotive

Healthcare

Telecommunications

Aerospace

Defence

Others

Based on End-user, the market is segmented into Consumer Electronics, Automotive, Healthcare, Telecommunications, Aerospace, Defence, and Others. Consumer electronics segment dominated the Passive Electronic Components market in 2022 and is expected to continue the dominance over the forecast period. Demand for the smartphones, laptops, and electronic devices is expected to boost the segment growth in the market over the forecast period.

Passive Electronic Components market key players include

Murata Manufacturing Co. Ltd.

TDK Corporation

Taiyo Yuden Co. Ltd.

Panasonic Corporation

Samsung Electro-Mechanics

Vishay Intertechnology

KEMET Corporation

AVX Corporation

Walsin Technology Corporation

Yageo Corporation

Nippon Chemi-Con Corporation

Nichicon Corporation

Rubycon Corporation

Rohm Co. Ltd.

EPCOS AG

Koa Corporation

Sumida Corporation

Chilisin Electronics Corp.

Holy Stone Holdings Co. Ltd.

Johanson Technology Inc.

CTS Corporation

Pulse Electronics Corporation

Laird PLC

Bourns Inc.

Diodes Incorporated

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Key questions answered in the Passive Electronic Components Market are:

What are Passive Electronic Components?

What was the Passive Electronic Components Market size in 2022?

What is the expected Passive Electronic Components Market size by 2029?

What is the growth rate of the Passive Electronic Components Market?

Which are the factors expected to drive the Passive Electronic Components Market growth?

Which segment dominated the Passive Electronic Components Market growth?

What is the demand pattern for the Passive Electronic Components Market?

Which region held the largest share in the Passive Electronic Components Market?

Who are the key players in the Passive Electronic Components Market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)

Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022−2029

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

Market Segmentation – A detailed analysis by Type, material, and end user

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER's analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis

Recommendations

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Electronic Flight Bag Market : The total market was worth USD 3.96 Bn in 2022 and overall revenue is expected to grow at a rate of 10.57 percent from 2023 to 2029, reaching USD 8.21 Bn in 2029. The need for more fuel-efficient aircraft is expected to boost the market growth.

Medical Electronics Market : The total market size is expected to reach USD 10.34 Bn by 2029 at a CAGR of 6.40 percent during the forecast period. Increasing use of telemetry and remote monitoring devices in medical is expected to boost the market growth.

Discrete Power Electronics Market : The total market size was USD 1.327 Bn in 2022 and is expected to grow to USD 2.32 Bn by 2029 at a CAGR of 8.3 percent. Increasing demand for discrete power electronics in consumer electronics is expected to boost the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.