The global Passive Electronic Components Market was valued at 40670 million in 2024 and is projected to reach US$ 77860 million by 2031, at a CAGR of 10.0% during the forecast period.
Passive Electronic Components Market OverviewPassive electronic components are essential building blocks in all electronic circuits. They do not require external power to operate and do not amplify signals.
Basic Passive Components:- Resistors
- Capacitors
- Inductors
- Transformers
- Diodes
- Thermistors
- Varactors
- Transducers
- Other miscellaneous components
- China: Largest market with over 40% share
- Japan: Approx. 15% market share
- Europe: Approx. 10% market share
We have surveyed the Passive Electronic Components companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks
This report aims to provide a comprehensive presentation of the global market for Passive Electronic Components, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Passive Electronic Components. This report contains market size and forecasts of Passive Electronic Components in global, including the following market information:
- Global Passive Electronic Components market revenue, 2020-2025, 2026-2031, ($ millions)
- Global top five Passive Electronic Components companies in 2024 (%)
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Passive Electronic Components Key Market Trends :- Rising Demand for Consumer Electronics
The growing use of smartphones, laptops, smart TVs, and wearables is driving the demand for passive components, especially capacitors and resistors. - Surge in Automotive Electronics
Electric vehicles (EVs), advanced driver-assistance systems (ADAS), and infotainment units are increasing the adoption of passive electronic components in the automotive sector. - Miniaturization of Components
The trend toward compact and lightweight electronic devices is leading to increased demand for smaller, high-performance passive components. - Expansion in Industrial Automation
With the rise in automation and Industry 4.0, passive components are being increasingly used in sensors, controllers, and robotics. - Growing Investments in 5G Infrastructure
The global rollout of 5G networks is boosting the need for high-frequency passive components to support faster data transmission.
Global Passive Electronic Components market, by Type, 2020-2025, 2026-2031 ($ millions)
Global Passive Electronic Components market segment percentages, by Type, 2024 (%)
- Capacitor
- Resistor
- Inductor
Global Passive Electronic Components market, by Application, 2020-2025, 2026-2031 ($ millions)
Global Passive Electronic Components market segment percentages, by Application, 2024 (%)
- Consumer Electronics
- Automotive
- Industrial Applications
- Defense & Military
- Others
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Passive Electronic Components revenues in global market, 2020-2025 (estimated), ($ millions)
- Key companies Passive Electronic Components revenues share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Murata
- TDK Corporation
- Samsung Electro-Mechanics
- Taiyo Yuden Co., Ltd.
- Yageo
- Kyocera
- Vishay
- TE Connectivity Ltd.
- Omron
- Xiamen Faratronic Co., Ltd
- Hunan Aihua Group
- Sunlord Electronics
- CCTC
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Q: What are the key driving factors and opportunities in the Passive Electronic Components market?
A:Key drivers include demand in consumer electronics, automotive digitalization, and miniaturization trends. Opportunities lie in emerging markets, 5G rollout, and IoT growth.
Q: Which region is projected to have the largest market share?
A:China holds the largest market share, contributing over 40% of the global revenue due to strong electronics manufacturing and exports.
Q: Who are the top players in the global Passive Electronic Components market?
A:Top players include Murata Manufacturing, TDK Corporation, and other major electronics component manufacturers holding over 30% combined market share.
Q: What are the latest technological advancements in the industry?
A:Advancements include component miniaturization, improved materials for higher performance, and development of high-frequency components for 5G.
Q: What is the current size of the global Passive Electronic Components market?
A:The market was valued at USD 40,670 million in 2024 and is projected to reach USD 77,860 million by 2031, growing at a CAGR of 10.0%.