PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484652
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484652
Passive Electronic Component Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The worldwide passive electronic component industry generated revenue of USD 44.1 billion in 2023, which is projected to experience a CAGR of 6.5% over the projection period, to attain USD 68.1 billion by the end of the decade. The driver that is behind the increased demand for electronic components is their wide usage in different applications.
Passive electronic components are typically utilized in the main components of electric vehicles that have specialized and high-performance features Car manufacturers are constantly developing the latest autonomous technology such as communications between vehicles, advanced driver assistance systems (ADAS), and safety & sensing systems like backup cameras and lane departure detection which are the key trends in the market.
Furthermore, the fast expansion of quantum computer technology all over the world is an aspect that is positively affecting market growth. We talk about the complexity and length of circuits in terms of quantum volume. The increased quantum volume may prove crucial when finding a solution to problems in the industrial and research &government areas.
The demand for small or slim devices from the users is growing, and therefore, the creation of passive electronic components is gaining popularity since they help resolve the emerging difficulties; complexities in particular. The desire for electronic gadgets has become so strong among consumers that they are constantly on the lookout for slimmer, yet appealing and edgy designs with edge-to-edge screens.
Key Insights
Capacitors are leading the industry because of their wide use in electronic devices such as smartphones, laptops, audio systems, and power supply circuits.
Over the projection period, the resistor category is estimated to advance at a high CAGR of 6.8%.
Resistors find extensive application in temp sensing, noise suppression, and voltage regulation devices.
Ceramic capacitors dominate the market with a 40% share in 2023 due to their durability and affordability, commonly used in electrical devices.
The use of tantalum capacitors can be projected to have one of the highest CAGRs in the segment with demand rising from applications in the avionics and military fields.
The leadership of the automotive sector originates from technical development besides hybrid electric vehicles' deployment of passive electronic components, like current measuring resistors.
Consumer electronic goods will register the highest CAGR of 7.2% and will be mainly supported by the rising demand for the development of next-generation capacitor technology efficient enough to meet the performance standards of smartphones.
Asia-Pacific holds the largest market share (50% in 2023), driven by smartphone and consumer electronics adoption, with India and China leading.
North America is the fastest-growing market (7.0% in 2023) due to electric vehicle adoption, 5G deployment, and IoT device usage.
March 2024: KYOCERA AVX released new surface-mount AEF Series wet aluminum V-chip electrolytic capacitors suitable for high-density PCBs in consumer and industrial electronics, qualified for basic industrial applications.
March 2023: TDK Corporation enlarged their CGA series of multilayer ceramic capacitors (MLCCs) to 2.2μF in 2012 size and 4.7μF in 3216 sizes, both 100-V products for automotive applications, with mass manufacturing beginning in March 2024.
November 2023: KYOCERA AVX introduced new Class X1/Y2 KGK and Class X2 KGH Series of safety-certified surface-mount MLCCs for commercial applications.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by material type
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Type (2017-2030)
- 6.3. Market Revenue, by Type (2017-2030)
- 6.4. Market Volume, by Material Type (2017-2030)
- 6.5. Market Revenue, by Material Type (2017-2030)
- 6.6. Market Volume, by End User (2017-2030)
- 6.7. Market Revenue, by End User (2017-2030)
- 6.8. Market Volume, by Region (2017-2030)
- 6.9. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Type (2017-2030)
- 7.3. Market Revenue, by Type (2017-2030)
- 7.4. Market Volume, by Material Type (2017-2030)
- 7.5. Market Revenue, by Material Type (2017-2030)
- 7.6. Market Volume, by End User (2017-2030)
- 7.7. Market Revenue, by End User (2017-2030)
- 7.8. Market Volume, by Country (2017-2030)
- 7.9. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Type (2017-2030)
- 8.3. Market Revenue, by Type (2017-2030)
- 8.4. Market Volume, by Material Type (2017-2030)
- 8.5. Market Revenue, by Material Type (2017-2030)
- 8.6. Market Volume, by End User (2017-2030)
- 8.7. Market Revenue, by End User (2017-2030)
- 8.8. Market Volume, by Country (2017-2030)
- 8.9. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Type (2017-2030)
- 9.3. Market Revenue, by Type (2017-2030)
- 9.4. Market Volume, by Material Type (2017-2030)
- 9.5. Market Revenue, by Material Type (2017-2030)
- 9.6. Market Volume, by End User (2017-2030)
- 9.7. Market Revenue, by End User (2017-2030)
- 9.8. Market Volume, by Country (2017-2030)
- 9.9. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Type (2017-2030)
- 10.3. Market Revenue, by Type (2017-2030)
- 10.4. Market Volume, by Material Type (2017-2030)
- 10.5. Market Revenue, by Material Type (2017-2030)
- 10.6. Market Volume, by End User (2017-2030)
- 10.7. Market Revenue, by End User (2017-2030)
- 10.8. Market Volume, by Country (2017-2030)
- 10.9. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Type (2017-2030)
- 11.3. Market Revenue, by Type (2017-2030)
- 11.4. Market Volume, by Material Type (2017-2030)
- 11.5. Market Revenue, by Material Type (2017-2030)
- 11.6. Market Volume, by End User (2017-2030)
- 11.7. Market Revenue, by End User (2017-2030)
- 11.8. Market Volume, by Country (2017-2030)
- 11.9. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Type (2017-2030)
- 12.3. Market Revenue, by Type (2017-2030)
- 12.4. Market Volume, by Material Type (2017-2030)
- 12.5. Market Revenue, by Material Type (2017-2030)
- 12.6. Market Volume, by End User (2017-2030)
- 12.7. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Type (2017-2030)
- 13.3. Market Revenue, by Type (2017-2030)
- 13.4. Market Volume, by Material Type (2017-2030)
- 13.5. Market Revenue, by Material Type (2017-2030)
- 13.6. Market Volume, by End User (2017-2030)
- 13.7. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Type (2017-2030)
- 14.3. Market Revenue, by Type (2017-2030)
- 14.4. Market Volume, by Material Type (2017-2030)
- 14.5. Market Revenue, by Material Type (2017-2030)
- 14.6. Market Volume, by End User (2017-2030)
- 14.7. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Type (2017-2030)
- 15.3. Market Revenue, by Type (2017-2030)
- 15.4. Market Volume, by Material Type (2017-2030)
- 15.5. Market Revenue, by Material Type (2017-2030)
- 15.6. Market Volume, by End User (2017-2030)
- 15.7. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Type (2017-2030)
- 16.3. Market Revenue, by Type (2017-2030)
- 16.4. Market Volume, by Material Type (2017-2030)
- 16.5. Market Revenue, by Material Type (2017-2030)
- 16.6. Market Volume, by End User (2017-2030)
- 16.7. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Type (2017-2030)
- 17.3. Market Revenue, by Type (2017-2030)
- 17.4. Market Volume, by Material Type (2017-2030)
- 17.5. Market Revenue, by Material Type (2017-2030)
- 17.6. Market Volume, by End User (2017-2030)
- 17.7. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Type (2017-2030)
- 18.3. Market Revenue, by Type (2017-2030)
- 18.4. Market Volume, by Material Type (2017-2030)
- 18.5. Market Revenue, by Material Type (2017-2030)
- 18.6. Market Volume, by End User (2017-2030)
- 18.7. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Type (2017-2030)
- 19.3. Market Revenue, by Type (2017-2030)
- 19.4. Market Volume, by Material Type (2017-2030)
- 19.5. Market Revenue, by Material Type (2017-2030)
- 19.6. Market Volume, by End User (2017-2030)
- 19.7. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Type (2017-2030)
- 20.3. Market Revenue, by Type (2017-2030)
- 20.4. Market Volume, by Material Type (2017-2030)
- 20.5. Market Revenue, by Material Type (2017-2030)
- 20.6. Market Volume, by End User (2017-2030)
- 20.7. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Type (2017-2030)
- 21.3. Market Revenue, by Type (2017-2030)
- 21.4. Market Volume, by Material Type (2017-2030)
- 21.5. Market Revenue, by Material Type (2017-2030)
- 21.6. Market Volume, by End User (2017-2030)
- 21.7. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Type (2017-2030)
- 22.3. Market Revenue, by Type (2017-2030)
- 22.4. Market Volume, by Material Type (2017-2030)
- 22.5. Market Revenue, by Material Type (2017-2030)
- 22.6. Market Volume, by End User (2017-2030)
- 22.7. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Type (2017-2030)
- 23.3. Market Revenue, by Type (2017-2030)
- 23.4. Market Volume, by Material Type (2017-2030)
- 23.5. Market Revenue, by Material Type (2017-2030)
- 23.6. Market Volume, by End User (2017-2030)
- 23.7. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Type (2017-2030)
- 24.3. Market Revenue, by Type (2017-2030)
- 24.4. Market Volume, by Material Type (2017-2030)
- 24.5. Market Revenue, by Material Type (2017-2030)
- 24.6. Market Volume, by End User (2017-2030)
- 24.7. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Type (2017-2030)
- 25.3. Market Revenue, by Type (2017-2030)
- 25.4. Market Volume, by Material Type (2017-2030)
- 25.5. Market Revenue, by Material Type (2017-2030)
- 25.6. Market Volume, by End User (2017-2030)
- 25.7. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Type (2017-2030)
- 26.3. Market Revenue, by Type (2017-2030)
- 26.4. Market Volume, by Material Type (2017-2030)
- 26.5. Market Revenue, by Material Type (2017-2030)
- 26.6. Market Volume, by End User (2017-2030)
- 26.7. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Type (2017-2030)
- 27.3. Market Revenue, by Type (2017-2030)
- 27.4. Market Volume, by Material Type (2017-2030)
- 27.5. Market Revenue, by Material Type (2017-2030)
- 27.6. Market Volume, by End User (2017-2030)
- 27.7. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Type (2017-2030)
- 28.3. Market Revenue, by Type (2017-2030)
- 28.4. Market Volume, by Material Type (2017-2030)
- 28.5. Market Revenue, by Material Type (2017-2030)
- 28.6. Market Volume, by End User (2017-2030)
- 28.7. Market Revenue, by End User (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Murata Manufacturing Co. Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. TDK Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Taiyo Yuden Co. Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Panasonic Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. EPCOS AG
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Samsung Electro-Mechanics
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Vishay IntertechnologyInc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. AVX Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Walsin Technology Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Yageo Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Johanson Technology Inc.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
