Passive Component Market by Type, Material Used, Application

List of Tables

[184 Pages Report] The Passive Component Market size was estimated at USD 35.94 billion in 2023 and expected to reach USD 38.06 billion in 2024, at a CAGR 6.13% to reach USD 54.52 billion by 2030.

Passive components are basic electronic components that do not require any form of electrical supply to operate and only receive and store energy temporarily. Common examples of passive components include resistors, capacitors, and inductors. These components are essential in creating electronic circuits, helping to manage voltage, current, and signal flow. These components are crucial across diverse sectors, enhancing device functionality and system reliability in telecommunications, automotive, consumer electronics, healthcare, and industrial manufacturing. Growth in the passive component market is primarily driven by increased adoption of electronics, the expansion of automotive technologies, and extensive development in telecommunication infrastructures. However, the market faces challenges, including the volatility of raw material prices required to manufacture passive components owing to global supply chain disruptions. Despite these challenges, research and innovation focused on miniaturization, improving performance attributes, including efficiency and heat resistance, utilizing eco-friendly materials to lessen environmental impacts, and opening up new growth avenues. The advent of 5G technology, the proliferation of the Internet of Things, and innovations in renewable energy systems present significant market opportunities by demanding more advanced, efficient, and compact passive components.

KEY MARKET STATISTICS
Base Year [2023]	USD 35.94 billion
Estimated Year [2024]	USD 38.06 billion
Forecast Year [2030]	USD 54.52 billion
CAGR (%)	6.13%

Regional Insights

The passive component market showcases robust diversity and complexity, influenced significantly by regional market demands and global innovation trends. In the Americas, particularly the United States and Canada, the market is propelled by the consumer electronics and automotive industries, which demand high-performance and durable passive components. In Europe, Middle East, and Africa, the drive towards sustainable and energy-efficient solutions shapes the market. The European Union, in particular, prioritizes environmental considerations, leading to a demand for passive components that align with strict energy and environmental regulations. Conversely, the markets in the Middle East and Africa are still developing, with a focus on infrastructure and telecommunications. Asia-Pacific is showcasing robust demand for passive components owing to China and South Korea's vast electronics production capabilities. Japan is noted for its focus on quality and precision, which is crucial for its dominant electronics and automotive sectors. Meanwhile, India is experiencing rapid market growth driven by the consumer electronics, automotive, and renewable energy sectors, bolstered by initiatives like "Make in India" aimed at enhancing domestic manufacturing.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Passive Component Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing adoption of wearable devices and medical electronics
- Supportive government programs for semiconductor manufacturing

Market Restraints
- Fluctuation in the prices of the raw material required for passive component manufacturing

Market Opportunities
- Advancements and innovations in passive components
- Rapid expansion of the automotive sectors with the introduction of electric and autonomous vehicles

Market Challenges
- Operational issues associated with passive components

Market Segmentation Analysis
- Type: Rising development of ultra-high capacitance multilayer ceramic capacitors specifically designed for automotive applications
- Application: Growing demand for passive components with extreme environmental tolerance and long service life in military and aerospace applications

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Passive Component Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Passive Component Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Expansion by Farnell in the Passive Component Industry Amidst Growing Demand

Premier Farnell Limited has augmented its inventory of passive components, incorporating new products from prominent manufacturers such as YAGEO, Kemet, Murata, Wurth Electronik, and Panasonic. This expansion aligns with the projected growth of the passive component market, fueled by the rising demand in sectors such as consumer and automotive electronics, as well as industrial automation. Among the notable additions to Farnell's portfolio are Kemet's advanced KC-LINK capacitors with KONNEKT technology, Yageo's precision VT thin film resistor series, Wurth's efficient SMT power inductors, and Panasonic's durable ERJ-PM8 anti-surge resistors. [Published On: 2024-04-04]

Finolex Cables Introduces Comprehensive LAN Passive Components in India

Finolex Cables Limited has expanded its product portfolio by launching a new range of local area network (LAN) passive components in India. This range comprises essential components such as patch cords, faceplates, and information outlets, which are vital for enhancing data transmission in high-demand environments such as data centers, IT networks, and office settings. [Published On: 2023-11-24]

Enhanced RF Capabilities with X-FAB's Innovative Integrated Passive Device Fabrication

X-FAB Silicon Foundries SE has revealed its new integrated passive device (IPD) fabrication capability at European Microwave Week in Berlin. This new technology, known as XIPD, enhances the company's portfolio by enabling customers to directly integrate passive components such as inductors, resistors, and capacitors into chip designs. [Published On: 2023-11-14]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Passive Component Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Passive Component Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABB Ltd., American Electronic Components, Amphenol Corporation, API Tech Company, Eaton Corporation PLC, Fujitsu Limited, Hirose Electric Co., Ltd., Hosiden Corporation, Japan Aviation Electronics Industry, Ltd., Molex Incorporated by Koch Industries, Inc., Murata Manufacturing Co., Ltd., Nichicon Corporation, Panasonic Corporation, STMicroelectronics International N.V., TAIYO YUDEN Group, TDK Corporation, and Vishay Intertechnology, Inc..

Market Segmentation & Coverage

This research report categorizes the Passive Component Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Capacitors
- Inductors
- Resistors
- Transistors

Material Used
- Ceramic
- Metal
- Plastic

Application
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Military & Aerospace
- Telecommunication

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-62667ADFB40B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing adoption of wearable devices and medical electronics
  - 5.1.1.2. Supportive government programs for semiconductor manufacturing
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in the prices of the raw material required for passive component manufacturing
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements and innovations in passive components
  - 5.1.3.2. Rapid expansion of the automotive sectors with the introduction of electric and autonomous vehicles
- 5.1.4. Challenges
  - 5.1.4.1. Operational issues associated with passive components
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising development of ultra-high capacitance multilayer ceramic capacitors specifically designed for automotive applications
- 5.2.2. Application: Growing demand for passive components with extreme environmental tolerance and long service life in military and aerospace applications
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Passive Component Market, by Type

6.1. Introduction
6.2. Capacitors
6.3. Inductors
6.4. Resistors
6.5. Transistors

7. Passive Component Market, by Material Used

7.1. Introduction
7.2. Ceramic
7.3. Metal
7.4. Plastic

8. Passive Component Market, by Application

8.1. Introduction
8.2. Automotive
8.3. Consumer Electronics
8.4. Healthcare
8.5. Industrial
8.6. Military & Aerospace
8.7. Telecommunication

9. Americas Passive Component Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Passive Component Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Passive Component Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Strategic Expansion by Farnell in the Passive Component Industry Amidst Growing Demand
- 12.3.2. Finolex Cables Introduces Comprehensive LAN Passive Components in India
- 12.3.3. Enhanced RF Capabilities with X-FAB's Innovative Integrated Passive Device Fabrication
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio