The global Passive and Interconnecting Components market 2020 can attain a growth rate of 6% during the forecast period (2016-2022), reveals Market Research Future (MRFR). MRFR also mentions in its latest report that the market can reach a valuation of USD 211 billion by the end of 2022.
Leading players in the worldwide market for Passive and Interconnecting Components include-
Hon Hai Precision Industry Co., Ltd., (U.S.), Molex, LLC (U.S.), Delphi Automotive PLC (U.K.), Ametek, Inc. (U.S.), Amphenol Corporation (U.S.), AVX Corporation (U.S.), Hubbell Incorporated (U.S.), Cisco Systems, Inc. (U.S.), Panasonic Corporation (Japan), Hirose Electric Co., Ltd. (Japan), to name a few.
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Top Drivers and Key Barriers
The growth of the consumer electronics industry has been a highly beneficial factor in the Passive and Interconnecting Components market expansion since these elements find extensive use in numerous electronics like GPS devices, cellular phones, tablets, wearables and modems. Not just the consumer electronics sector, but Passive and Interconnecting Components are used across a broad range of industries including telecommunications, automotive, healthcare and military and defense.
The Passive and Interconnecting Components market growth is also supplemented by the continuous innovations and launch of new and advanced products by several manufacturers. The rising adoption of automation across a variety of industries is expected to stimulate the need for communication devices that are embedded with Passive and Interconnecting Components. Thus, the market’s future prospects look bright, and it has the potential to gain significant traction in the following years.
Some other important growth-inducing factors in the market growth include the rising generation of data coupled with the advent of high-speed internet. With that said, the reduced margins of Passive and Interconnecting Components can slow down the market growth rate in the years ahead. On the bright side, the mounting need for Passive and Interconnecting Components across multiple, in the face of growing industrialization across the world, can lead the market to a better position in subsequent years.
There is a rising trend to bring down the size of electronic devices along with the launching of technologically advanced and highly innovative products by vendors, in order to stay ahead of the competition.
- Technology Providers
- Semiconductor Manufacturing Companies
- Semiconductor Distributors
- Consumer Electronic Manufacturers
- Consumer Electronic Suppliers
- Research Institutes
Market segmentation for Passive and Interconnecting Components includes passive components, interconnects and application.
With respect to passive components, the market segments are inductors, resistors, transformers, diodes, and capacitors.
Interconnects-based segments covered in the report are connectors, printed circuit boards, relays, switches, and others such as terminals, sockets, adapters, and splices.
Application-wise, the market has been considered for data processing, consumer electronics, military and aerospace, telecommunications, industrial, healthcare, and automotive.
The regional segments of the global Passive and Interconnecting Components market covered in the MRFR report are Europe, Asia Pacific (APAC), North America, and the rest of the world (RoW).
APAC exhibits maximum potential to achieve the top position in the global Passive and Interconnecting Components market, on account of the soaring need for highly efficient consumer electronic products. India, Japan, and China are the top contributing markets in the region, given the expansive customer base as well as the rising adoption of solar-based devices. The region exudes huge growth opportunities, which stem from factors like easy availability of raw materials, cheap labor, combined with low costs of production. The prospering consumer electronics industry, mostly in China, favors the growth of the Passive and Interconnecting Components market in the region. In the context of the consumer electronics sector, the rising per capita incomes of the middle-class population have led to better living standards, which has triggered the demand for LED, LCD displays, smartphones, and various other electronic devices. All these factors are believed to be encouraging market growth in the region.
North America can witness strong growth in the Passive and Interconnecting Components market in the years to come, with the leading countries being the United States (US) and Canada. These countries are ahead of the game, given the surge in technological developments as well as advancements in the field of electronics. Some of the prime interconnects and passive component vendors in the U.S. are Molex LLC, Ametek, Inc., Cisco Systems Inc. and AVX Corporation, who are entirely focused on developing energy efficient consumer appliances. Intense efforts being given by these vendors in order to retain their position in the region can benefit the regional market in the ensuing years.
Europe’s transition towards communication standards like 3G and 4G LTE has made it one of the top contenders in the global Passive and Interconnecting Components market. Additionally, expansion of Internet bandwidth paired with the rising adoption of Internet services has pushed the demand for electronic devices and components. This factor is anticipated to serve well for the regional market from 2016 to 2022.
Study Objectives of Global Passive and Interconnecting Components Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Passive and Interconnecting Components Market.
- To provide insights about factors affecting the market growth.
- To analyze the Global Passive and Interconnecting Components Market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by components, application and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Passive and Interconnecting Components market.
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Table of Contents
1. Executive Summary
2. Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3. Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
List of Tables
Table 1 Global Passive and Interconnecting Components Market, by Components
Table 2 Global Passive and Interconnecting Components Market, by Applications
Table 3 Global Passive and Interconnecting Components Market, by Regions
Table 4 North America Passive and Interconnecting Components Market, by Country
Table 5 North America Passive and Interconnecting Components Market, by Components
Table 6 North America Passive and Interconnecting Components Market, by Applications
Table 7 Europe Passive and Interconnecting Components Market, by Country
Table 8 Europe Passive and Interconnecting Components Market, by Components
Table 9 Europe Passive and Interconnecting Components Market, by Applications
List of Figures
Figure 1 Research Methodology
Figure 2 Global Passive and Interconnecting Components Market: by Components (%)
Figure 3 Global Passive and Interconnecting Components Market: by Applications (%)
Figure 4 Global Passive and Interconnecting Components Market: by Region
Figure 5 North America Passive and Interconnecting Components Market, by Components (%)
Figure 6 North America Passive and Interconnecting Components Market, by Applications (%)
Figure 7 North America Passive and Interconnecting Components Market, by Countries (%)
Figure 8 Europe Passive and Interconnecting Components Market, by Components (%)
Figure 9 Europe Passive and Interconnecting Components Market, by Applications (%)
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