Passive Component Market | Market Highlights and Insights to Recovery from COVID-19
Market Recovery and Growth Projections 2020-2024

The Global passive component market is expected to grow by $ 11.68 bn, accelerating at a CAGR of about 7% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Passive Component Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented Product (Capacitors, Resistors, and Inductors), End-user (Telecom industry, Consumer electronics, Industrial machinery, and Automotive industry), and Geography (APAC, Europe, MEA, North America, and South America).
• The APAC region emerged as the leading segment in recent years. 58% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Passive Component Market size.

Passive Component Market: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• growth in demand for communication equipment will be a significant factor in driving the growth of the Passive Component Market.
• drivers.2 is another factor that will be instrumental in driving market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the declining demand for desktop computers and TV sets.

Passive Component Market: Vendor Analysis

• The market is concentrated.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic Corp., Ryosan Company Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and and YAGEO Corp. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of about 7%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 11.68 bn through 2020-2024.
    
3. What is a key factor driving this market?
   growth in demand for communication equipment will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, MEA, North America, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   58% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic Corp., Ryosan Company Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and and YAGEO Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Capacitors, Resistors, and Inductors), End-user (Telecom industry, Consumer electronics, Industrial machinery, and Automotive industry), and Geography (APAC, Europe, MEA, North America, and South America)

Passive Component Market | Growth and Analysis
Market Growth and Forecasts for 2020-2024

The passive component market and it is expected to grow by $ 11.68 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Passive Component Market: Market Segments and Key Trends

The Passive component market is segmented by Product (Capacitors, Resistors, and Inductors), End-user (Telecom industry, Consumer electronics, Industrial machinery, and Automotive industry), and Geography (APAC, Europe, MEA, North America, and South America). APAC led the market with 58% of the market growth set to originate from this region during the forecast period. Declining demand for desktop computers and tv sets is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Passive Component Market: Leading Factors to Drive Market Growth

One of the primary factors that will drive market growth is the growth in demand for communication equipment. The passive component market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Passive Component Market: Competitive Landscape

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic Corp., Ryosan Company Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and and YAGEO Corp. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Passive Component Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive passive component market growth during the next five years
• Precise estimation of the passive component market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the passive component market industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of passive component market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of about 7%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 11.68 bn through 2020-2024.
    
3. What is a key factor driving this market?
   growth in demand for communication equipment will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, MEA, North America, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   58% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic Corp., Ryosan Company Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and and YAGEO Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Capacitors, Resistors, and Inductors), End-user (Telecom industry, Consumer electronics, Industrial machinery, and Automotive industry), and Geography (APAC, Europe, MEA, North America, and South America)

Passive Component Market Size to Grow by $ 11.68 bn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the passive component market and it is expected to grow by $ 11.68 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Passive Component Market: Receive Free Sample Report

Passive Component Market: Emerging Trends to Impact Market Growth

Advancement of iot in industries to emerge as a key trend in the industrial passive component market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Passive Component Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic Corp., Ryosan Company Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and and YAGEO Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report