Passive Electronic Components Market Report by Type (Capacitor, Inductor, Resistor), End Use Industry (Aerospace and Defense, Consumer Electronics, Information Technology, Automotive, Industrial, and Others), and Region 2024-2032

Passive Electronic Components Market Report by Type (Capacitor, Inductor, Resistor), End Use Industry (Aerospace and Defense, Consumer Electronics, Information Technology, Automotive, Industrial, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5564
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Market Overview:

The global passive electronic components market size reached US$ 38.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 55.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 38.3 Billion
Market Forecast in 2032
US$ 55.6 Billion
Market Growth Rate 2024-2032 4.1%


Passive electronic components refer to electrical parts that do not generate power and are incapable of power gain. They consist of capacitors, resistors, transformers, inductors and coils. They are manufactured using tantalum, ceramic, aluminum electrolytic, paper and plastic films. Passive electronic components absorb energy and do not require electrical power to operate. They are commonly used in various electronic devices, such as computers, home appliances, smartphones and gaming consoles. They are reliable, easy to design, cost-effective and can easily handle large voltage currents and power without the requirement of a power supply and amplifying elements. As a result, passive electronic components are widely used across medical, automotive, aerospace, energy, telecommunications, defense, and data storage industries.

Global Passive Electronic Components Market

Passive Electronic Components Market Trends:

Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Passive electronic components are widely used in specialized and high-performing components, such as emergency brake assistance systems and infotainment. In line with this, the increasing demand for electric vehicles (EVs) due to environmental and emission concerns is favoring the market growth. Additionally, various new product innovations, such as the introduction of wire wound and metal oxide high-power resistors that assists in monitoring circuits and diagnosing and testing sensors, are providing an impetus to the market growth. Furthermore, the growing miniaturization of passive electrical components that can easily be used in consumer electronics, such as smartphones, cameras and speakers, is positively impacting the market growth. Apart from this, the widespread product utilization in medical devices integrated with sensors to collect data about patients, extensive research and development (RD&D) activities and the introduction of various shapes and geometries of inductors are anticipated to drive the market toward growth.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global passive electronic components market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and end use industry.

Breakup by Type:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Capacitor
    • Ceramic Capacitors
    • Tantalum Capacitors
    • Aluminum Electrolytic Capacitors
    • Paper and Plastic Film Capacitors
    • Supercapacitors
  • Inductor
    • Power
    • Frequency
  • Resistor
    • Surface-mounted Chips
    • Network
    • Wirewound
    • Film/Oxide/Foil
    • Carbon
       

Breakup by End Use Industry:

  • Aerospace and Defense
  • Consumer Electronics
  • Information Technology
  • Automotive
  • Industrial
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Eaton Corporation PLC, KOA Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity, TT Electronics Plc, Vishay Intertechnology Inc. and Yageo Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Eaton Corporation PLC, KOA Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity, TT Electronics Plc, Vishay Intertechnology Inc. and Yageo Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global passive electronic components market was valued at US$ 38.3 Billion in 2023.

We expect the global passive electronic components market to exhibit a CAGR of 4.1% during 2024-2032.

The extensive utilization of passive electronic components in various electronic devices, computers, home appliances, gaming consoles, smartphones, etc., as they do not require continuous electrical power to operate, is primarily driving the global passive electronic components market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for passive electronic components.

Based on the type, the global passive electronic components market has been segmented into capacitor, inductor, and resistor. Currently, capacitor holds the majority of the total market share.

Based on the end use industry, the global passive electronic components market can be divided into aerospace and defense, consumer electronics, information technology, automotive, industrial, and others. Among these, the consumer electronics industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global passive electronic components market include Eaton Corporation PLC, KOA Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity, TT Electronics Plc, Vishay Intertechnology Inc., and Yageo Corporation.

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Passive Electronic Components Market Report by Type (Capacitor, Inductor, Resistor), End Use Industry (Aerospace and Defense, Consumer Electronics, Information Technology, Automotive, Industrial, and Others), and Region 2024-2032
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