The passive electronic components market is estimated to be valued at US$ 32.45 Bn in 2024 and is expected to reach US$ 46.70 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

Passive electronic components are semiconductor devices that are used to store electric charges, control the flow of current, and obstruct electromagnetic interference. They play an integral role in numerous electronic circuits by facilitating signal processing, voltage regulation, noise filtering, and power handling capabilities In recent years, the passive electronic components market has grown steadily, fueled by strong demand from consumer electronics, automotive, telecommunications, and industrial sectors. Miniaturization of devices and the surging popularity of portable electronics has propelled the need for compact, efficient passive components. Moreover, evolution of Internet of Things (IoT) technologies, automation, and rising electrification of vehicles present lucrative opportunities for market expansion in the coming years.

Market Dynamics:

The passive electronic components market is primarily driven by a strong demand for smartphones, tablets, laptops, and other consumer electronic devices. The growing penetration of mobile internet, rising disposable incomes, and upgrades in telecom infrastructure have boosted the consumption of smartphones across developing regions. Additionally, the proliferation of electric vehicles and increasing electrification of automobiles have accelerated the requirement for efficient passive components like capacitors, resistors, and inductors in automotive applications. On the other hand, stringent environmental norms regarding the use of hazardous substances and volatility in raw material prices remain longstanding challenges for industry participants. Furthermore, availability of inexpensive alternatives from Asian manufacturers intensifies competition. Nevertheless, the emergence of next-generation technologies such as 5G networks and autonomous driving present lucrative opportunities for the development of advanced passive components over the forecast period.

Key Features of the Study:

• This report provides an in-depth analysis of the global passive electronic components market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global passive electronic components market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments, Inc., Panasonic Corporation, Murata Manufacturing Co. Ltd, Eaton Corporation, TE Connectivity Ltd., Honeywell International Inc., Toshiba Corp., Vishay Intertechnology Inc., YAGEO Corporation, TDK Corporation, KEMET Corporation (Yageo Corporation), AVX Corporation (Kyocera Corp), Lelon Electronics Corporation, and Taiyo Yuden Co. Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global passive electronic components market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global passive electronic components market.

Detailed Segmentation-

• By Type
  • Capacitors
  • Resistors
  • Inductors
• By End User
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Telecommunications
  • Aerospace
  • Defence
  • Others
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

• Infineon Technologies AG
• NXP Semiconductors NV
• Texas Instruments, Inc.
• Panasonic Corporation
• Murata Manufacturing Co. Ltd
• Eaton Corporation
• TE Connectivity Ltd.
• Honeywell International Inc.
• Toshiba Corp.
• Vishay Intertechnology Inc.
• YAGEO Corporation
• TDK Corporation
• KEMET Corporation (Yageo Corporation)
• AVX Corporation (Kyocera Corp)
• Lelon Electronics Corporation
• Taiyo Yuden Co. Ltd