NEW YORK , Sept. 9, 2022 /PRNewswire/ -- The "Passive Component Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026" report by Technavio expects the market size to grow by USD 14.18 billion and accelerate at a CAGR of 5.71% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here
The global passive component market is fragmented and comprises several vendors. Most of them manufacture passive components along with other electronic components, while a few concentrate only on the passive component segment. The top 10 players in the global passive component market occupy 50% of the market share, which indicates the existence of intense competition in the market.
All manufacturers aim at integrating their production process with the IoT to have a competitive edge over others. The need to manufacture nano-components having high capacitance is increasing because of the advancement in technological devices. The automotive sector creates a huge demand for passive components, and every company is making efforts to capture the market share in this segment.
The report identifies Fenghua HK Electronics Ltd, KEMET Corp., KOA Corp., KYOCERA AVX Components Corp, Kyocera Corp., Mouser Electronics Inc., Murata Manufacturing Co. Ltd., NICHICON Corp, Nippon Chemi Con Corp, Panasonic Corp., ROHM Co. Ltd., Rubycon Corp, Ryosan Co, Samsung Electro Mechanics Co. Ltd, SUMIDA Corp, TAIYO YUDEN CO. LTD., TDK Corp., Vishay Intertechnology Inc., Walsin Technology Corp., and Yageo Corp as some of the major market participants.
Although the rise in the need for passive components in space applications will offer immense growth opportunities, the volatility in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here
The global passive component market is segmented as below:
The capacitors segment will have the largest share of the market over the forecast period. The segment is driven by the rising demand for consumer electronics, such as smartphones, smart TVs, and camera flashlights.
The consumer electronics industry is the prime end-user in the market. The segment is driven by the increasing demand for miniaturized and high-performance electronic devices, as well as the rising government support for healthcare devices.
APAC will emerge as the key market, occupying 61% of the global market share. Factors such as technologically advanced product launches and expansion strategies by major passive component-manufacturing companies are fostering the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our passive component market report covers the following areas:
Passive Component Market Industry Analysis
Passive Component Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the passive component market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the passive component market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Passive Component Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist passive component market growth during the next five years
Estimation of the passive component market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the passive component market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of passive component market vendors
MRAM Market by Type, End-user, and Geography - Forecast and Analysis 2022-2026
3D Sensors Market by Application and Geography - Forecast and Analysis 2022-2026
Accelerate at a CAGR of 5.71%
APAC, Europe, North America, Middle East and Africa, and South America
US, China, Taiwan, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
Fenghua HK Electronics Ltd, KEMET Corp., KOA Corp., KYOCERA AVX Components Corp, Kyocera Corp., Mouser Electronics Inc., Murata Manufacturing Co. Ltd., NICHICON Corp, Nippon Chemi Con Corp, Panasonic Corp., ROHM Co. Ltd., Rubycon Corp, Ryosan Co, Samsung Electro Mechanics Co. Ltd, SUMIDA Corp, TAIYO YUDEN CO. LTD., TDK Corp., Vishay Intertechnology Inc., Walsin Technology Corp., and Yageo Corp
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Capacitors - Market size and forecast 2021-2026
5.4 Resistors - Market size and forecast 2021-2026
5.5 Inductors - Market size and forecast 2021-2026
5.6 Diode - Market size and forecast 2021-2026
5.7 Transformers - Market size and forecast 2021-2026
6.3 Consumer electronics - Market size and forecast 2021-2026
6.4 IT and telecom industry - Market size and forecast 2021-2026
6.5 Automotive industry - Market size and forecast 2021-2026
6.6 Industrial machinery - Market size and forecast 2021-2026
6.7 Others - Market size and forecast 2021-2026
8.3 APAC - Market size and forecast 2021-2026
8.4 Europe - Market size and forecast 2021-2026
8.5 North America - Market size and forecast 2021-2026
8.6 Middle East and Africa - Market size and forecast 2021-2026
8.7 South America - Market size and forecast 2021-2026
8.8 China - Market size and forecast 2021-2026
8.9 US - Market size and forecast 2021-2026
8.10 Taiwan - Market size and forecast 2021-2026
8.11 Germany - Market size and forecast 2021-2026
8.12 Japan - Market size and forecast 2021-2026
9.3 Impact of drivers and challenges
11.10 Samsung Electro Mechanics Co. Ltd
12.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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