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The Passive and Interconnecting Electronic Components Market Size was valued at USD 187.65 billion in 2023 and is expected to reach USD 297.42 billion by 2032 and grow at a CAGR of 5.28% over the forecast period 2024-2032.
The passive and interconnecting electronic components market growth is triggered by the rapid pace of technology evolutions, miniaturization of electronic equipment, and development & deployment of IoT and AI. The demand for smart homes and intelligent devices increases, implying that the components that ensure the work of the smart devices should be extremely reliable and durable. Smart homes reached around USD 140 billion in 2023, and the market's prevalence is largely due to the indispensable nature of these components in a wide array of electronic devices and systems. According to IBEF, the Indian appliance and consumer electronics market reached USD 10.93 billion in 2019. The appliances and consumer electronics industry is expected to double to reach USD 21.18 billion by 2025.
The automotive industry's shift towards electric vehicles (EVs) and advanced driver-assistance systems (ADAS) has created substantial opportunities. EVs require efficient power management systems, which in turn drive the need for passive components like capacitors and inductors. For instance, Vishay Intertechnology recently introduced a new series of high-voltage capacitors designed for automotive and industrial applications, enhancing its product portfolio in the Passive and Interconnecting Electronic Components Market. According to the Governor’s Highway Safety Association, to recover the initial investment, over 95% of all new models sold would have to feature at least one ADAS. Currently, over 90% of vehicles on sale in the U.S. offer at least one advanced system, and there is a commitment to making Automatic Emergency Braking standard by 2022.
Market Dynamics
Drivers
The global expansion of cloud computing, data storage, and high-speed internet services industries has led to the development of many data centers worldwide. These facilities require a wide range of electronic components to ensure fast and efficient operation in terms of data processing, storage, and transmission. Passive components in power supply units UPS are easily applicable in control cabinets for power supply. These components include supercapacitors, ceramic and aluminum electrolytic capacitors, transformers, chokes or inductors, resistors, and varistors.
Due to the nature and efficient high-speed operation, 5G technology requires high-frequency passive and interconnecting components and connectors with significantly higher data rates as well as reduced signal travel times. In addition, the growing use of edge computing and IoT technology ensures that overall operations and maintenance networking solutions are decentralized, which is likely to increase the need for passive and interconnecting components on the world market.
Solar power, wind power, and other renewable energy sources require passive and interconnecting components for power conversion and energy storage. Capacitors, resistors, inductors, and connectors are among the necessary components used in renewable sources to facilitate power usage and energy authentication. In solar power, the components are used for the photovoltaic inverter, battery management, and power optimizers. For wind power, the components are used in various parts of a wind turbine, for instance, power generation and control; communication in the machine is facilitated by connectors, and various control systems also use the unique components.
Integration of renewable energy into the grid is also one factor that enhances the need for advanced passive and interconnecting components to help in achieving grid power flow, voltage control, and grid stability. Furthermore, renewable energy is the trend globally, with countries aiming to switch to sustainable energy and reduction of carbonizing energy. This has led to investment in the passive and interconnecting electronic components market as new opportunities are available from the number of new renewable energy projects raised by governments and private facilitates.
Restraints
The global supply chain for electronic components is complex and consists of several stages that include raw material extraction, component manufacturing, assembling the end product, and distributing it to the final customers. Thus, any problem at any stage of the supply chain might affect the availability and the pricing of components. For example, the most recent COVID-19 pandemic revealed the weakness of global supply chains and caused issues with component availability and the delay of many end products. The outcome of these disruptions causes longer lead time for the components, higher prices, and lower availability for the whole industry.
There are very serious environmental aspects to the production and disposal of electronic components, as a result, regulatory bodies are focusing more and more on complying with these standards. New regulations and governmental bodies are constantly emerging to reduce or eliminate the impact that electronic components leave on the environment, these can be quite complex and difficult to comply with. An example of such a regulation could be the restriction of hazardous substances as a result of this regulation being enforced in the European Union manufacturers would need to find alternatives to hazardous materials while also redesigning their manufacturing processes which can cost a lot of financial resources, in addition, some producers may find it difficult to comply with these standards, which can result in an interruption of the supply chain.
By Components
The interconnecting segment held the largest revenue share of 55.0% in 2023. The segment’s growth is credited to the need for a reliable and secure method of connecting different electronic components in an electronic circuit. Connectors allow manufacturers to easily assemble, repair, or upgrade various components of an electronic system. As such, their versatility is critical in the modern technologically advancing world where adaptability decreases costs and shortens the time to market for new products.
The passive segment captured the fastest CAGR during the forecast period 2024-2032. The growth of the segment is probably due to the growing advancements and invention of smaller passive electronic components that can fit in small electronic devices.
By Application
The consumer electronics segment occupied a market share of 35.0% in 2023. The dominance of the market rise is primarily attributed to the rising growth of consumer electronic devices, such as smartphones and home appliances. Moreover, the increase in the segment is driven by the advent of smart devices.
The automotive segment is expected to experience the fastest CAGR during the forecast period 2024-2032. The rise is owed to various factors, including vehicle electrification, rising sales of ADAS technologies, and increasing integration of connected car technologies in vehicles. For Example, Murata Manufacturing Co., Ltd., launched a new series of compact-type high-capacitance multilayer ceramic capacitors with enhanced reliability for the automotive industry.
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Regional Analysis
Asia Pacific, the dominating region, captured a market share revenue of 47.15% in 2023. The growth of the electronics manufacturing base and technical advancements of 5G technology boost the market in the region. There is a wide range of electronic products manufacturing and exporting companies in the region, which significantly raises the target market’s growth rate. China is a worldwide leader in the manufacturing of electronic components. Although a wide range of the industry’s companies document-producing large firms already exists, the market growth in the country is tremendously driven by the well-developed base of electronics manufacturing.
The North American market is expected to grow at a CAGR of 5.68% from 2024 to 2032. The growth of the market in the region is largely attributed to the rising demand for advanced technologies as well as increasing industrial automation. The U.S. and Canadian governments and businesses invest in such technological advancements as AI, IoT, etc. These technologies require a wide range of passive and interconnecting electronic components as well as increasing industrial automation, which significantly boosts the target market’s growth rate. The anticipated rise of the 5G network infrastructure significantly boosts the market demand for new installation of networks and telecom devices.
The key players in the Passive and Interconnecting Electronic Components market are Kyocera AVX Corporation, Vishay Intertechnology Inc., Murata Manufacturing Co., TDK Corporation, Taiyo Yuden Ltd, TE Connectivity, Samsung Electro-mechanics, Hosiden Corporation, Yageo Group, Nichicon Corporation, Fenghua Electronics Ltd., ROHM Co. Ltd., Molex, Samtec, Amphenol Corp, Panasonic Corporation, Fujitsu, Hon Hai Precision, Hirose Electric Co. Ltd, Mouser Electronics, & Other Players.
Recent Development
In February 2024, the TDK company released the MHQ1005075HA series of inductors for an automotive high-frequency circuit. An inductor is made with a fail-safe structure designated for a 1005 size format 1.0 x 0.5 x 0.7 mm and varies an inductor from 1.0 nH to 56 nH. The line of inductors was adapted to improve the systems of cars and their reliability.
In November 2023, the Finolex Cables company presented to its current line business LAN cable passives. The release reflected not in cables but in LAN passive components: patch cords, information outlets, patch cards, and faceplates were introduced. The line was produced for the data center, IT network, conference room, and branch office. The new line was introduced to increase connectivity.
|
Report Attributes |
Details |
|---|---|
|
Market Size in 2023 |
USD 187.65 billion |
|
Market Size by 2032 |
USD 297.42 Billion |
|
CAGR |
CAGR of 5.28% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Components (Passive, Interconnecting) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
Kyocera AVX Corporation, Vishay Intertechnology Inc., Murata Manufacturing Co., TDK Corporation, Taiyo Yuden Ltd, TE Connectivity, Samsung Electro-mechanics, Hosiden Corporation, Yageo Group, Nichicon Corporation, Fenghua Electronics Ltd., ROHM Co. Ltd., Molex, Samtec, Amphenol Corp, Panasonic Corporation, Fujitsu, Hon Hai Precision, Hirose Electric Co. Ltd, Mouser Electronics |
|
Key Drivers |
• Expansion of Data Centers and Telecommunications Infrastructure |
|
RESTRAINTS |
• Disruptions in supply chains due to various factors like geopolitical tensions and natural disasters, etc. |
Ans: The Passive and Interconnecting Electronic Components Market is expected to grow at a CAGR of 5.28%.
Ans: The Passive and Interconnecting Electronic Components Market size was USD 187.65 billion in 2023 and is expected to Reach USD 297.42 billion by 2032.
Ans: The rise in data centers and the telecommunication industry drives the Passive and Interconnecting Electronic Components Market.
Ans: The consumer electronics segment by application is dominating the Passive and Interconnecting Electronic Components Market.
Ans: Asia Pacific dominates the Passive and Interconnecting Electronic Components Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Passive and Interconnecting Electronic Components Market Segmentation, By Components
7.1 Introduction
7.2 Passive
7.3 Interconnecting
8. Passive and Interconnecting Electronic Components Market Segmentation, By Application
8.1 Introduction
8.2 Consumer Electronics
8.3 IT & Telecommunication
8.4 Automotive
8.5 Industrial
8.6 Healthcare
8.7 Others
9. Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 Trend Analysis
9.2.2 North America Passive and Interconnecting Electronic Components Market by Country
9.2.3 North America Passive and Interconnecting Electronic Components Market By Components
9.2.4 North America Passive and Interconnecting Electronic Components Market By Application
9.2.5 USA
9.2.5.1 USA Passive and Interconnecting Electronic Components Market By Components
9.2.5.2 USA Passive and Interconnecting Electronic Components Market By Application
9.2.6 Canada
9.2.6.1 Canada Passive and Interconnecting Electronic Components Market By Components
9.2.6.2 Canada Passive and Interconnecting Electronic Components Market By Application
9.2.7 Mexico
9.2.7.1 Mexico Passive and Interconnecting Electronic Components Market By Components
9.2.7.2 Mexico Passive and Interconnecting Electronic Components Market By Application
9.3 Europe
9.3.1 Trend Analysis
9.3.2 Eastern Europe
9.3.2.1 Eastern Europe Passive and Interconnecting Electronic Components Market by Country
9.3.2.2 Eastern Europe Passive and Interconnecting Electronic Components Market By Components
9.3.2.3 Eastern Europe Passive and Interconnecting Electronic Components Market By Application
9.3.2.4 Poland
9.3.2.4.1 Poland Passive and Interconnecting Electronic Components Market By Components
9.3.2.4.2 Poland Passive and Interconnecting Electronic Components Market By Application
9.3.2.5 Romania
9.3.2.5.1 Romania Passive and Interconnecting Electronic Components Market By Components
9.3.2.5.2 Romania Passive and Interconnecting Electronic Components Market By Application
9.3.2.6 Hungary
9.3.2.6.1 Hungary Passive and Interconnecting Electronic Components Market By Components
9.3.2.6.2 Hungary Passive and Interconnecting Electronic Components Market By Application
9.3.2.7 Turkey
9.3.2.7.1 Turkey Passive and Interconnecting Electronic Components Market By Components
9.3.2.7.2 Turkey Passive and Interconnecting Electronic Components Market By Application
9.3.2.8 Rest of Eastern Europe
9.3.2.8.1 Rest of Eastern Europe Passive and Interconnecting Electronic Components Market By Components
9.3.2.8.2 Rest of Eastern Europe Passive and Interconnecting Electronic Components Market By Application
9.3.3 Western Europe
9.3.3.1 Western Europe Passive and Interconnecting Electronic Components Market by Country
9.3.3.2 Western Europe Passive and Interconnecting Electronic Components Market By Components
9.3.3.3 Western Europe Passive and Interconnecting Electronic Components Market By Application
9.3.3.4 Germany
9.3.3.4.1 Germany Passive and Interconnecting Electronic Components Market By Components
9.3.3.4.2 Germany Passive and Interconnecting Electronic Components Market By Application
9.3.3.5 France
9.3.3.5.1 France Passive and Interconnecting Electronic Components Market By Components
9.3.3.5.2 France Passive and Interconnecting Electronic Components Market By Application
9.3.3.6 UK
9.3.3.6.1 UK Passive and Interconnecting Electronic Components Market By Components
9.3.3.6.2 UK Passive and Interconnecting Electronic Components Market By Application
9.3.3.7 Italy
9.3.3.7.1 Italy Passive and Interconnecting Electronic Components Market By Components
9.3.3.7.2 Italy Passive and Interconnecting Electronic Components Market By Application
9.3.3.8 Spain
9.3.3.8.1 Spain Passive and Interconnecting Electronic Components Market By Components
9.3.3.8.2 Spain Passive and Interconnecting Electronic Components Market By Application
9.3.3.9 Netherlands
9.3.3.9.1 Netherlands Passive and Interconnecting Electronic Components Market By Components
9.3.3.9.2 Netherlands Passive and Interconnecting Electronic Components Market By Application
9.3.3.10 Switzerland
9.3.3.10.1 Switzerland Passive and Interconnecting Electronic Components Market By Components
9.3.3.10.2 Switzerland Passive and Interconnecting Electronic Components Market By Application
9.3.3.11 Austria
9.3.3.11.1 Austria Passive and Interconnecting Electronic Components Market By Components
9.3.3.11.2 Austria Passive and Interconnecting Electronic Components Market By Application
9.3.3.12 Rest of Western Europe
9.3.3.12.1 Rest of Western Europe Passive and Interconnecting Electronic Components Market By Components
9.3.2.12.2 Rest of Western Europe Passive and Interconnecting Electronic Components Market By Application
9.4 Asia-Pacific
9.4.1 Trend Analysis
9.4.2 Asia Pacific Passive and Interconnecting Electronic Components Market by Country
9.4.3 Asia Pacific Passive and Interconnecting Electronic Components Market By Components
9.4.4 Asia Pacific Passive and Interconnecting Electronic Components Market By Application
9.4.5 China
9.4.5.1 China Passive and Interconnecting Electronic Components Market By Components
9.4.5.2 China Passive and Interconnecting Electronic Components Market By Application
9.4.6 India
9.4.6.1 India Passive and Interconnecting Electronic Components Market By Components
9.4.6.2 India Passive and Interconnecting Electronic Components Market By Application
9.4.7 Japan
9.4.7.1 Japan Passive and Interconnecting Electronic Components Market By Components
9.4.7.2 Japan Passive and Interconnecting Electronic Components Market By Application
9.4.8 South Korea
9.4.8.1 South Korea Passive and Interconnecting Electronic Components Market By Components
9.4.8.2 South Korea Passive and Interconnecting Electronic Components Market By Application
9.4.9 Vietnam
9.4.9.1 Vietnam Passive and Interconnecting Electronic Components Market By Components
9.4.9.2 Vietnam Passive and Interconnecting Electronic Components Market By Application
9.4.10 Singapore
9.4.10.1 Singapore Passive and Interconnecting Electronic Components Market By Components
9.4.10.2 Singapore Passive and Interconnecting Electronic Components Market By Application
9.4.11 Australia
9.4.11.1 Australia Passive and Interconnecting Electronic Components Market By Components
9.4.11.2 Australia Passive and Interconnecting Electronic Components Market By Application
9.4.12 Rest of Asia-Pacific
9.4.12.1 Rest of Asia-Pacific Passive and Interconnecting Electronic Components Market By Components
9.4.12.2 Rest of Asia-Pacific Passive and Interconnecting Electronic Components Market By Application
9.5 Middle East & Africa
9.5.1 Trend Analysis
9.5.2 Middle East
9.5.2.1 Middle East Passive and Interconnecting Electronic Components Market by Country
9.5.2.2 Middle East Passive and Interconnecting Electronic Components Market By Components
9.5.2.3 Middle East Passive and Interconnecting Electronic Components Market By Application
9.5.2.4 UAE
9.5.2.4.1 UAE Passive and Interconnecting Electronic Components Market By Components
9.5.2.4.2 UAE Passive and Interconnecting Electronic Components Market By Application
9.5.2.5 Egypt
9.5.2.5.1 Egypt Passive and Interconnecting Electronic Components Market By Components
9.5.2.5.2 Egypt Passive and Interconnecting Electronic Components Market By Application
9.5.2.6 Saudi Arabia
9.5.2.6.1 Saudi Arabia Passive and Interconnecting Electronic Components Market By Components
9.5.2.6.2 Saudi Arabia Passive and Interconnecting Electronic Components Market By Application
9.5.2.7 Qatar
9.5.2.7.1 Qatar Passive and Interconnecting Electronic Components Market By Components
9.5.2.7.2 Qatar Passive and Interconnecting Electronic Components Market By Application
9.5.2.8 Rest of Middle East
9.5.2.8.1 Rest of Middle East Passive and Interconnecting Electronic Components Market By Components
9.5.2.8.2 Rest of Middle East Passive and Interconnecting Electronic Components Market By Application
9.5.3 Africa
9.5.3.1 Africa Passive and Interconnecting Electronic Components Market by Country
9.5.3.2 Africa Passive and Interconnecting Electronic Components Market By Components
9.5.3.3 Africa Passive and Interconnecting Electronic Components Market By Application
9.5.2.4 Nigeria
9.5.2.4.1 Nigeria Passive and Interconnecting Electronic Components Market By Components
9.5.2.4.2 Nigeria Passive and Interconnecting Electronic Components Market By Application
9.5.2.5 South Africa
9.5.2.5.1 South Africa Passive and Interconnecting Electronic Components Market By Components
9.5.2.5.2 South Africa Passive and Interconnecting Electronic Components Market By Application
9.5.2.6 Rest of Africa
9.5.2.6.1 Rest of Africa Passive and Interconnecting Electronic Components Market By Components
9.5.2.6.2 Rest of Africa Passive and Interconnecting Electronic Components Market By Application
9.6 Latin America
9.6.1 Trend Analysis
9.6.2 Latin America Passive and Interconnecting Electronic Components Market by Country
9.6.3 Latin America Passive and Interconnecting Electronic Components Market By Components
9.6.4 Latin America Passive and Interconnecting Electronic Components Market By Application
9.6.5 Brazil
9.6.5.1 Brazil Passive and Interconnecting Electronic Components Market By Components
9.6.5.2 Brazil Passive and Interconnecting Electronic Components Market By Application
9.6.6 Argentina
9.6.6.1 Argentina Passive and Interconnecting Electronic Components Market By Components
9.6.6.2 Argentina Passive and Interconnecting Electronic Components Market By Application
9.6.7 Colombia
9.6.7.1 Colombia Passive and Interconnecting Electronic Components Market By Components
9.6.7.2 Colombia Passive and Interconnecting Electronic Components Market By Application
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Passive and Interconnecting Electronic Components Market By Components
9.6.8.2 Rest of Latin America Passive and Interconnecting Electronic Components Market By Application
10. Company Profiles
10.1 Kyocera AVX Corporation
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
10.1.4 The SNS View
10.2 Vishay Intertechnology Inc.
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 The SNS View
10.3 Murata Manufacturing Co.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 The SNS View
10.4 TDK Corporation
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 The SNS View
10.5 Taiyo Yuden Ltd
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 The SNS View
10.6 TE Connectivity
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 The SNS View
10.7 Samsung Electro-mechanics
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 The SNS View
10.8 Hosiden Corporation
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 The SNS View
10.9 Yageo Group, Nichicon Corporation
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 The SNS View
10.10 Nichicon Corporation
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/ Services Offered
10.10.4 The SNS View
11. Competitive Landscape
11.1 Competitive Benchmarking
11.2 Market Share Analysis
11.3 Recent Developments
11.3.1 Industry News
11.3.2 Company News
11.3.3 Mergers & Acquisitions
12. USE Cases and Best Practices
13. Conclusion
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Key Segments:
By Components
Passive
Interconnecting
By Application
Consumer Electronics
IT & Telecommunication
Automotive
Industrial
Healthcare
Others
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Product Analysis
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Company Information
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