The global passive component market is projected to reach $40.6 billion by 2027, at a CAGR of 3.5% during 2021-2027. The growth of passive component market is driven by growing demand for communication equipment, rise in demand for smaller, cheaper, and higher quality parts along with better performance, and increasing demand for small and compact electronic devices with enhanced features drives the market.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the passive component market by end
use (telecom, consumer electronics, industrial machinery, and automotive),
product type (capacitors, resistors, and inductors), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the passive component market?
Q.4 What are some
changing demands of customers in the passive component market?
Q.5 What are the new
developments in the passive component market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this passive component area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this passive component market?
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clicking on https://www.lucintel.com/passive-component-market.aspx.
Market Segmentation:
Based on end use, the
passive component market is segmented into telecom, consumer electronics,
industrial machinery, and automotive. The telecom segment accounted for the
largest share of the market in 2021 and is expected to register the highest
CAGR during the forecast period, due to increasing demand for consumer
electronics products, growing demand for premium smartphones, and increasing
production of electric vehicles.
Asia Pacific is expected
to witness the highest growth over the forecast period due to growing demand
for smart automotive electronics devices.
Key Players in the
passive component market are KYOCERA AVX Corporation, Kemet Electronics, Murata
Manufacturing, Nichicon, Nippon Chemi-Con, Panasonic, Ryosan, Samsung
Electro-Mechanics, Taiyo Yuden.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/passive-component-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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