Interconnects and Passive Components Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

In a recent report, the global interconnects and passive components market showcased significant growth, with the market size reaching US$ 195 billion in 2024, a notable increase from US$ 187.6 billion in 2022. Projections indicate a promising future, with a forecasted 8.0% Compound Annual Growth Rate (CAGR) over the next ten years. By 2031, the total market value is expected to exceed US$ 335 billion, propelled by various factors influencing demand across sectors.

Key Trends Driving Market Growth

Rising Applications Across Diverse Sectors

The market is experiencing increased demand across multiple sectors such as automotive, consumer electronics, industrial machinery, medical devices, and solar energy. This surge in demand is primarily attributed to the growing applications of interconnects and passive components in these sectors, further fueled by technological advancements and digitalization trends.

3C Applications Boosting Market Momentum

The market is witnessing a boost from the growing demand for interconnects and passive components in computing, communication, and consumer electronics (3C) applications. This trend is expected to continue, driving further growth in the market as these sectors evolve and expand.

Industrial Automation and Industry 4.0

The high adoption rates of industrial automation and advancements in industrial Machine-to-Machine (M2M) communication technology are opening new avenues for manufacturers. With the rapid penetration of digitalization and Industry 4.0, manufacturers of passive components and interconnects are poised to capitalize on these growth opportunities.

Electric and Autonomous Vehicles on the Rise

The growing popularity of electric and autonomous vehicles is anticipated to have a positive impact on interconnect and passive component sales. These vehicles require durable high-performance components, driving demand in the market.

Increasing Adoption of Robotics

The increasing adoption of robots in industrial settings is expected to bolster interconnect and passive component sales by improving efficiency and reducing lag times in manufacturing processes.

Significant Opportunities in Asia Pacific

Thriving Market Dynamics

Asia Pacific remains at the epicenter of the interconnects and passive components industry, offering lucrative revenue-generation opportunities for manufacturers. With the market size reaching US$ 99 billion in 2023, sales across the region are projected to surge at a robust pace, reaching US$ 170 billion by 2031.

Rising Production in Key Countries

Key contributors to this growth include China, Japan, and India, which are witnessing a rise in production and sales of various electronic products, particularly in the automotive and consumer electronics sectors.

Smartphone Market Dynamics

Countries like China and the United States are experiencing substantial growth in their smartphone markets, driving demand for interconnects and passive components. As smartphone penetration continues to rise, so does the demand for these essential components.

United States Market Outlook

Booming Sectoral Demand

The United States interconnects and passive components market is projected to reach a massive valuation of US$ 50 billion by 2031. Booming sectors such as consumer electronics, medical devices, and defense are expected to drive market growth, creating significant opportunities for manufacturers.

Smartphone Market Dominance

With the United States boasting a significant share of the global smartphone market, the demand for interconnects and passive components is expected to remain high, driven by the increasing number of smartphone users.

China Market Performance

Steady Growth Trajectory

China's interconnects and passive components market is set to witness a robust CAGR of 8.7% through 2031, driven by increasing smartphone penetration and the rising popularity of electric vehicles.

Dominance in Smartphone Market

China's dominant position in the global smartphone market translates to substantial demand for interconnects and passive components. The electrification of the automotive sector further propels growth opportunities in the region.

Maximizing Growth Potential

Focus on Passive Components

The passive components segment is expected to generate maximum growth opportunities for manufacturers. With a forecasted CAGR of 7.0% from 2024 to 2031, this segment holds significant potential due to its widespread usage in modern electronic devices.

Highly Remunerative Automotive Sector

The automotive segment stands out as a highly remunerative application of interconnects and passive components. With a projected CAGR of 6.8% from 2024 to 2031, the automotive sector offers lucrative opportunities for manufacturers, particularly in power management and sensor systems.

Competitive Landscape

Leading manufacturers are actively expanding their portfolios and investing in research and development to meet evolving market demands. Partnerships, acquisitions, and agreements are also being leveraged to bolster revenues and maintain a competitive edge in the market.As the global demand for interconnects and passive components continues to surge across various industries, manufacturers are poised to capitalize on these opportunities, driving innovation and growth in the market.

Some key companies are:

TE Connectivity Limited
Amphenol Corporation
Molex Incorporated
Hirose Electric Co., Ltd.
Delphi Automotive LLP
Koch Industries
Japan Aviation Electronics Industry
AVX Corporation
Cisco
Panasonic Corporation

Global Interconnects and Passive Components Market Segmentation:

By Product Type:

Interconnects
Passive components

By Application:

Consumer Electronics
Data Processing
Telecommunication
Military & Aerospace
Automotive
Industrial
Healthcare

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Interconnects and Passive Components Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value & Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. Global Demand Response System, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Price Trend Analysis, 2018-2023,

4.1. Key Highlights
4.2. Global Average Price Analysis, by Type, US$ per Unit
4.3. Prominent Factors Affecting Demand Response System Prices
4.4. Global Average Price Analysis, by Region, US$ per Unit

5. Global Interconnects and Passive Components Market Outlook, 2018 - 2031

5.1. Global Interconnects and Passive Components Market Outlook, by Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Interconnects
  - 5.1.1.2. Passive components
5.2. Global Interconnects and Passive Components Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Consumer Electronics
  - 5.2.1.2. Data Processing
  - 5.2.1.3. Telecommunication
  - 5.2.1.4. Military & Aerospace
  - 5.2.1.5. Automotive
  - 5.2.1.6. Industrial
  - 5.2.1.7. Healthcare
5.3. Global Interconnects and Passive Components Market Outlook, by Region, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Interconnects and Passive Components Market Outlook, 2018 - 2031

6.1. North America Interconnects and Passive Components Market Outlook, by Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Interconnects
  - 6.1.1.2. Passive components
6.2. Europe Interconnects and Passive Components Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Consumer Electronics
  - 6.2.1.2. Data Processing
  - 6.2.1.3. Telecommunication
  - 6.2.1.4. Military & Aerospace
  - 6.2.1.5. Automotive
  - 6.2.1.6. Industrial
  - 6.2.1.7. Healthcare
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Interconnects and Passive Components Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Interconnects and Passive Components Market Outlook, 2018 - 2031

7.1. Europe Interconnects and Passive Components Market Outlook, by Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Interconnects
  - 7.1.1.2. Passive components
7.2. Europe Interconnects and Passive Components Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Consumer Electronics
  - 7.2.1.2. Data Processing
  - 7.2.1.3. Telecommunication
  - 7.2.1.4. Military & Aerospace
  - 7.2.1.5. Automotive
  - 7.2.1.6. Industrial
  - 7.2.1.7. Healthcare
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Interconnects and Passive Components Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.5. France Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.6. France Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Interconnects and Passive Components Market Material, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Interconnects and Passive Components Market Outlook, 2018 - 2031

8.1. Asia Pacific Interconnects and Passive Components Market Outlook, by Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Interconnects
  - 8.1.1.2. Passive components
8.2. Asia Pacific Interconnects and Passive Components Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Consumer Electronics
  - 8.2.1.2. Data Processing
  - 8.2.1.3. Telecommunication
  - 8.2.1.4. Military & Aerospace
  - 8.2.1.5. Automotive
  - 8.2.1.6. Industrial
  - 8.2.1.7. Healthcare
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Interconnects and Passive Components Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.2. China Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.7. India Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.8. India Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Interconnects and Passive Components Market Outlook, 2018 - 2031

9.1. Latin America Interconnects and Passive Components Market Outlook, by Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Interconnects
  - 9.1.1.2. Passive components
9.2. Latin America Interconnects and Passive Components Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Consumer Electronics
  - 9.2.1.2. Data Processing
  - 9.2.1.3. Telecommunication
  - 9.2.1.4. Military & Aerospace
  - 9.2.1.5. Automotive
  - 9.2.1.6. Industrial
  - 9.2.1.7. Healthcare
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Interconnects and Passive Components Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Interconnects and Passive Components Market Outlook, 2018 - 2031

10.1. Middle East & Africa Interconnects and Passive Components Market Outlook, by Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Interconnects
  - 10.1.1.2. Passive components
10.2. Middle East & Africa Interconnects and Passive Components Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Consumer Electronics
  - 10.2.1.2. Data Processing
  - 10.2.1.3. Telecommunication
  - 10.2.1.4. Military & Aerospace
  - 10.2.1.5. Automotive
  - 10.2.1.6. Industrial
  - 10.2.1.7. Healthcare
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Interconnects and Passive Components Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Interconnects and Passive Components Market Product Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Interconnects and Passive Components Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Manufacturer vs Product Type Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. TE Connectivity Limited
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Amphenol Corporation
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Molex Incorporated
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Hirose Electric Co., Ltd.
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Delphi Automotive LLP
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Koch Industries
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Japan Aviation Electronics Industry
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. AVX Corporation
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Cisco
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. Panasonic Corporation
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations