Passive Electronic Components Market, By Type (Capacitors, Resistors, and Inductors), By End User (Consumer Electronics, Automotive, Healthcare, Telecommunications, Aerospace, Defence, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI5454

Pages :167

Formats :

Excel and PDF

Industry : Semiconductors

Market Concentration and Competitive Landscape

Passive Electronic Components Market Concentration By Players

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Emergence of Electric Vehicles

The increasing adoption of electric vehicles globally has emerged as another significant driver for the passive components industry. Electric Vehicles (EVs) require a complex network of passive components within their powertrains and on-board charging systems to efficiently distribute and manage high voltage power flows. Unlike conventional vehicles, EVs deploy advanced lithium-ion battery packs. They also feature more robust charging and power distribution systems, which involve extensive use of various passive components. The push for greener mobility is now compelling leading automakers to invest heavily in developing affordable EVs for mass market consumers. They are launching multiple new electric car models every year and expanding production capacities globally. This widespread shift towards electrification of the automotive sector translates to the magnified demand for specialized passive components that can withstand high temperatures, voltages, and offer longevity under rigorous operating conditions expected inside EVs. With governments raising emission norms as well, the EV market is projected to experience exponential growth over the next decade. This will correspondingly drive higher consumption of passive electronic components needed for the manufacturing of next-gen powertrains as well as supporting charging infrastructure expansion.

Key Players