PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388804
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388804
Through-hole passive components are defined as electronic components that are created to be installed on a printed circuit board (PCB) employing leads that pass via holes in the board. These components include inductors, resistors, and capacitors devices and are extensively used in several electronic applications including power supplies, amplifiers, and various high-performance electronic systems. Moreover, through-hole passive components are built with leads that can be inserted into holes in the PCB and commonly bent at a 90-degree angle, then soldered to the opposite board side, offering a secure electrical and mechanical connection.
The most frequently utilized electrical equipment is connectors, almost all electronic industries and manufacturers use millions of connectors each week. Connectors use through-hole passive components because of their high reliability. In addition, high reliability in these components is attained as the passive elements used in these pieces are soldered to their place and go through the board. The passive through-hole technology mechanisms are utilized additional than the surface mount expertise as a strong connection is required to be maintained between the printed circuit boards (PCB) and other components. However, the availability of alternative faster assembly processes is expected to hinder the market demand for the through-hole passive components. Furthermore, in the automotive industry, the rising demand for functionality is resulting in raised incorporation of motors and ECUs. The limited real estate on boards, particularly with their increased miniaturization them, is demanding compact and more powerful components; as a result, the use of through-hole passive components has spread. Thereby, producers are now producing parts that meet the required output in compact sizes.
The increasing demand for products such as home appliances, smartphones, and laptops is driving the growth of the through-hole passive components market.
The global through-hole passive components market is segmented on the basis of component, leads model, application, and region.
The market is divided into three categories based on components: sensors, resistors, capacitors, transducers, diodes, inductors, and others. The capacitors segment is accounted to possess the highest growth rate over the forecast period. The segment growth is attributed to the growing demand for electrical and electronics products in industries such as healthcare and medical, industrial, automotive, and telecommunication. With the growing production of numerous types of industrial digital devices, home appliances, and other consumer electronic goods, the demand for the segment is expected to grow rapidly.
The market is divided into two categories based on applications: industrial, consumer electronics, healthcare, it & telecommunication, aerospace & defense, automotive, and others. The consumer electronics segment is likely to hold the largest revenue share in the coming years. The consumer electronics sector is classified by a greater demand for electronic devices including televisions, smartphones, computers, home appliances, and gaming consoles. Additionally, the devices need a diverse range of through-hole components for their functionality, such as diodes, transistors, capacitors, and resistors, thus, increasing the demand for the segment.
Asia Pacific market is likely to dominate the fastest-growing rate. The growth of the market can be anticipated due to the implementation of these modules in various industries, including consumer electronics, industrial applications, and automotive. Rapid implementation of robotic processes across various industries particularly in the consumer electronics and automotive sector is boosting the demand in the regional market. Moreover, North America is likely to have a robust industrial sector comprising, aerospace, energy, automation, and manufacturing. These industries majorly rely on through-hole components for their applications and involve machinery control, robotics, infrastructure, and power electronics development. The innovation and continuous growth in these sectors drive the demand for these modules in the North American region.
Through-hole passive components are employed in several industrial applications, including automation systems, power supplies, and motor controls. With the rising adoption of automation and Industry 4.0 technologies, the demand for through-hole passive components is predicted to rise. Moreover, the market is anticipated to witness increased competition owing to the presence of various players. New product launches, mergers & acquisitions, collaboration, partnerships, and joint ventures are the key strategies adopted by these players to gain a competitive foothold in the market. Additionally, numerous market players are launching new components with improved performance to enhance their market share, for regional expansion, and broaden their product portfolio.
For instance, in August 2022, Vishay Intertechnology announced its initial AEC-Q200-qualified IHSR elevated temperatures inductance in the 19.0 mm 17.1 mm and 7.0 mm 6767 package size, with a present rating of 155 A.
The scope of this report covers the market by its major segments, which include as follows: