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 : Feb 2025

Code : CMI5454

Pages :167

Formats :

Excel and PDF

Industry : Semiconductors

Passive Electronic Components Market Size and Trends

The passive electronic components market is estimated to be valued at US$ 34.24 Bn in 2025 and is expected to reach US$ 49.84 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.

Passive Electronic Components Market Key Factors

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The market is expected to witness positive growth over the forecast period due to increased demand for passive electronic components from the automobile and telecommunication industries. Key factors such as growing demand for smart homes, smartphones, and connected cars are driving the need for higher capacity and more durable passive components. Additionally, the rise in 5G infrastructure and adoption of Electric Vehicles (Evs) is anticipated to boost the demand for specialized passive components. New technology advancements in capacitors, resistors, and magnetic segments will create new revenue channels for component manufacturers operating in this market.

Rising Demand for Consumer Electronics

The demand for various consumer electronics such as smartphones, tablets, laptops, gaming consoles, cameras, wearables, and home appliances have significantly grown over the past decade. Miniaturization of chipsets and components have enabled manufacturers to integrate more features and functionalities into consumer devices without substantially increasing their size. This allows consumers to remain connected constantly through various smart devices and wirelessly control smart home products for convenience and comfort. As newer generations of devices are constantly being launched in the market with advanced specifications and capabilities, consumers worldwide are upgrading their existing devices more frequently in order to have the latest technologies. With rising disposable incomes as well, people across regions are able to spend more on purchasing the latest smartphones, appliances, and other gadgets for productivity and entertainment needs. This continuous growth in the consumer electronics industry directly increases the requirement for various passive electronic components used inside these devices including capacitors, resistors, inductors, connectors, and others. Component manufacturers are placing larger orders to meet the surging demand from consumer device makers, thus boosting the market growth.