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Global Passive Electronic Components Market Size, Forecast: By Type: Capacitor, Inductor, Resistor; By End Use: Automotive, Consumer Electronics and Computing, Aerospace and Defence, Communications, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Passive Electronic Components Market Outlook
The global market for passive electronic components reached a value of about USD 32.26 billion in 2021. The market is further expected to grow at a CAGR of about 4.80% in the forecast period of 2024-2032 to reach a value of around USD 42.69 billion by 2027, owing to the growth in the automotive industry.
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Asia Pacific to be a Significant Regional Market for Passive Electronic Components
The Asia Pacific region is a significant market for capacitors due to considerable growth in China and India. China's automotive industry is rapidly expanding, and the country is becoming increasingly important in the global automotive market. The government considers the automobile industry, especially the auto components sector, a core industry for the country. This is expected to accelerate the demand for capacitors in the forecast period, propelling the passive electronic components market growth. The expanding electronics industry is driving several multinational corporations to establish production operations in Asian countries, independently or through joint ventures with other regional enterprises. This includes large global organisations such as Tyco Electronics, FCI OEN, Vishay, and EPCOS. This is further anticipated to drive the local manufacturing activity of resistors in Asia Pacific. The Asia Pacific region has the highest demand for inductors, with numerous countries such as Japan, China, South Korea, and Taiwan holding enormous factories and foundries for several key passive electronic powerhouses. Due to its fast-increasing semiconductor industry and industrial automation, China is one of the largest sources of demand for inductor components in the current market scenario. Such factors are anticipated to augment the market for passive electronic components in Asia Pacific.
Automotive Industry Expected to Drive the Market Growth
Significant growth in the automotive industry across the globe is expected to create a positive outlook for the market. Passive electronic components are widely used in specialised and high-performing components, such as emergency brake assistance systems and infotainment. Consequently, the rising demand for electric cars (EVs) due to environmental and pollution concerns is propelling the market growth. The increased use of hybrids and electric vehicles (EVs) is significantly reducing the environmental load and increasing the number of electronic control units (ECUs), resulting in increased demand for electronic components, whose miniaturisation and performance improvements have been increasing. The demand for electronic components in automotive applications is driven by new automotive features and functionality such as autonomous vehicle technologies, vehicle-to-vehicle (V2V) communications, advanced driver-assistance systems (ADAS), and other safety and sensing systems such as backup cameras and lane-departure detectors. Passive components such as capacitors are necessary to ensure design stability and interference-free operation.
Market Segmentations
Passive electronic components are electrical parts that do not generate electricity and cannot gain power. They consist of resistors, capacitors, transformers, inductors, and coils. Tantalum, ceramic, aluminium electrolytic, paper, and plastic films are used in their production. These components absorb energy and do not need electricity to function. They are dependable, simple to design, inexpensive, and capable of handling high voltage currents and power without needing a power source or amplifying elements.
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Based on type, the market is divided into:
- Capacitor
- Ceramic Capacitors
- Tantalum Capacitors
- Aluminium Electrolytic Capacitors
- Paper and Plastic Film Capacitors
- Supercapacitors
- Inductor
- Power
- Frequency
- Resistor
- Surface-Mounted Chips
- Network
- Wire Wound
- Film/Oxide/Foil
- Carbon
The end-uses of the components are as follows:
- Automotive
- Consumer Electronics and Computing
- Aerospace and Defence
- Communications
- Others
The regional markets for passive electronic components can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Increasing Digitalisation of Various Sectors Propelling the Market Growth
The passive electronic components market is expected to grow significantly during the forecast period, owing primarily to the increasing digitalisation of various sectors. This will result in increased adoption of consumer electronics across these sectors and increased demand for connectivity and mobility. With these advancements, the complexity of electronic products is also increasing. This is accelerating the demand for passive components in the electronics and automotive industries. The increasing number of product launches, innovations in the consumer electronics sector, the expanding use of inductors in automotive electronics, and the increasing acceptance of smart grids are also contributing to the continuous rise of inductors. The key element driving demand for inductors is the increased need for consumer electronics, such as smartphones, tablets, laptops, set-top boxes, and portable gaming consoles. Apart from this, the increasing use of inductors in medical devices linked with sensors to collect data about patients, significant research and development (RD&D), and the introduction of diverse shapes and geometries of inductors are expected to propel the market forward.
Key Players in the Global Market for Passive Electronic Components
The report gives a detailed analysis of the following key players in the global passive electronic components market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- YAGEO Group
- TDK Corporation
- KYOCERA Corporation
- Murata Manufacturing Co., Ltd.
- Ohmite Mfg Co.
- Nippon Chemi-Con Corporation
- WIMA GmbH & Co. KG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Passive Electronic Components Market Analysis
8.1 Key Industry Highlights
8.2 Global Passive Electronic Components Historical Market (2018-2023)
8.3 Global Passive Electronic Components Market Forecast (2024-2032)
8.4 Global Passive Electronic Components Market by Type
8.4.1 Capacitor
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Capacitor Type
8.4.1.3.1 Ceramic Capacitors
8.4.1.3.2 Tantalum Capacitors
8.4.1.3.3 Aluminum Electrolytic Capacitors
8.4.1.3.4 Paper and Plastic Film Capacitors
8.4.1.3.5 Supercapacitors
8.4.2 Inductor
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Inductor Type
8.4.2.3.1 Power
8.4.2.3.2 Frequency
8.4.3 Resistor
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Resistor Type
8.4.3.3.1 Surface-Mounted Chips
8.4.3.3.2 Network
8.4.3.3.3 Wire Wound
8.4.3.3.4 Film/Oxide/Foil
8.4.3.3.5 Carbon
8.5 Global Passive Electronic Components Market by End Use
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Consumer Electronics and Computing
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Aerospace and Defence
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Communications
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Passive Electronic Components Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Passive Electronic Components Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Passive Electronic Components Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Passive Electronic Components Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Passive Electronic Components Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Passive Electronic Components Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 YAGEO Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 TDK Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 KYOCERA Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Murata Manufacturing Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ohmite Mfg Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Murata Manufacturing Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ohmite Mfg Co.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Passive Electronic Components Market: Key Industry Highlights, 2018 and 2032
2. Global Passive Electronic Components Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Passive Electronic Components Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Passive Electronic Components Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Passive Electronic Components Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Passive Electronic Components Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Passive Electronic Components Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Passive Electronic Components Market Structure.
Key Questions Answered in the Report
In 2021, the global passive electronic components market attained a value of nearly USD 32.26 billion.
The market is projected to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 42.69 billion by 2027.
The major drivers of the market include the increasing digitalisation of various sectors, increasing number of product launches, expanding use of inductors in automotive electronics, increasing acceptance of smart grids, increasing use of inductors in medical devices, and introduction of diverse shapes and geometries of inductors.
Significant growth in the automotive industry and increased adoption of consumer electronics are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is divided into capacitors, inductors, and resistors. The capacitor is further divided into ceramic capacitors, tantalum capacitors, aluminium electrolytic capacitors, paper and plastic film capacitors, and supercapacitors, while the inductor is sub-divided into power and frequency. The resistor is broken down into surface-mounted chips, network, wire wound, film/oxide/foil, and carbon.
The end-uses of the market are automotive, consumer electronics and computing, aerospace and defence, and communications, among others.
The major players in the industry are YAGEO Group, TDK Corporation, KYOCERA Corporation, Murata Manufacturing Co., Ltd.", Ohmite Mfg Co., Nippon Chemi-Con Corporation, and WIMA GmbH & Co. KG, among others.
Analyst Review
The global passive electronic components market attained a value of nearly USD 32.26 billion, driven by significant growth in the automotive industry. Aided by the increasing digitalisation of various sectors and increased adoption of consumer electronics, the market is expected to grow at a CAGR of 4.80% in the forecast period of 2024-2032. The market is estimated to reach USD 42.69 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into capacitors, inductors, and resistor. Capacitor is further divided into ceramic capacitors, tantalum capacitors, aluminium electrolytic capacitors, paper and plastic film capacitors, and supercapacitors, while inductor is sub-divided into power and frequency. The resistor can further be broken down into surface-mounted chips, networks, wire wound, film/oxide/foil, and carbon. The end-uses of the market are automotive, consumer electronics and computing, aerospace and defence, and communications, among others. The major regional markets for passive electronic components are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are YAGEO Group, TDK Corporation, KYOCERA Corporation, Murata Manufacturing Co., Ltd.", Ohmite Mfg Co., Nippon Chemi-Con Corporation, and WIMA GmbH & Co. KG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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