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Global Passive Electronic Components Market: By Type: Capacitor, Inductor, Resistor; By End Use: Automotive, Consumer Electronics and Computing, Aerospace and Defence, Communications, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

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 2022-2027 to reach a value of around USD 42.69 billion by 2027, owing to the growth in the automotive industry.

 

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.

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.

 

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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • 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
Breakup by End Use
  • Automotive
  • Consumer Electronics and Computing
  • Aerospace and Defence
  • Communications
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • YAGEO Group
  • TDK Corporation
  • KYOCERA Corporation
  • Murata Manufacturing Co., Ltd.
  • Ohmite Mfg Co.
  • Nippon Chemi-Con Corporation
  • WIMA GmbH & Co. KG
  • Others
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 (2017-2021) 
    8.3    Global Passive Electronic Components Market Forecast (2022-2027)
    8.4    Global Passive Electronic Components Market by Type
        8.4.1    Capacitor
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Capacitor Type
                8.4.1.4.1    Ceramic Capacitors
                8.4.1.4.2    Tantalum Capacitors
                8.4.1.4.3    Aluminum Electrolytic Capacitors
                8.4.1.4.4    Paper and Plastic Film Capacitors
                8.4.1.4.5    Supercapacitors
        8.4.2    Inductor
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Inductor Type
                8.4.2.4.1    Power
                8.4.2.4.2    Frequency
        8.4.3    Resistor
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
            8.4.3.4    Breakup by Resistor Type
                8.4.3.4.1    Surface-Mounted Chips
                8.4.3.4.2    Network
                8.4.3.4.3    Wire Wound
                8.4.3.4.4    Film/Oxide/Foil
                8.4.3.4.5    Carbon
    8.5    Global Passive Electronic Components Market by End Use
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Consumer Electronics and Computing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Aerospace and Defence
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Communications
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others    
    8.6    Global Passive Electronic Components Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021) 
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021) 
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021) 
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021) 
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021) 
            8.6.5.3    Forecast Trend (2022-2027)
9    North America  Passive Electronic Components Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Passive Electronic Components Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Passive Electronic Components Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Passive Electronic Components Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Passive Electronic Components Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    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
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Passive Electronic Components Market: Key Industry Highlights, 2017 and 2027
2.    Global Passive Electronic Components Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Passive Electronic Components Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Passive Electronic Components Historical Market: Breakup by End Use (USD Billion), 2017-2021
5.    Global Passive Electronic Components Market Forecast: Breakup by End Use (USD Billion), 2022-2027
6.    Global Passive Electronic Components Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Passive Electronic Components Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Passive Electronic Components Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Passive Electronic Components Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027. 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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