Market Overview and Growth Outlook
The Passive and Interconnecting Electronic Components Market is projected to increase from US$163.87 billion in 2022 to US$223.39 billion by 2028. Passive components hold the larger market share and are expected to remain dominant throughout the forecast period. The Passive and Interconnecting Electronic Components Market is expected to grow at a CAGR of 5.2% during 2023-2028.
Significant demand for capacitors across consumer electronics, industrial applications, and other end-use sectors is supporting expansion of the Passive and Interconnecting Electronic Components Market size.
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Market Segmentation Analysis
By Component Type, the market includes Passive and Interconnecting components.
The Passive segment holds the larger share and is expected to remain dominant.
Its growth is attributed to significant demand for different types of capacitors that need to be fabricated for consumer electronics, industrial, and other applications.
Passive electronic components include resistors, capacitors, and inductors.
Regional Market Insights
Asia-Pacific is expected to remain both the largest and fastest-growing market.
China, Japan, India, and Australia offer promising opportunities, supported by rising per-capita income, construction-industry growth, and a strong manufacturing presence.
North America and Europe are also expected to provide substantial growth opportunities.
Emerging Trends Shaping the Passive and Interconnecting Electronic Components Market
Capacitors, resistors, and inductors remain fundamental elements of electronic circuits.
Capacitors store and release electrical energy, resistors regulate current flow, and inductors store energy in a magnetic field.
Growing electronics usage across consumer and industrial applications continues to reinforce the importance of passive components.
Key Growth Drivers of the Market
Capacitor demand: Consumer electronics and industrial applications support growth.
Circuit requirements: Passive components remain essential to electronic-system operation.
Device proliferation: Expanding electronics use increases component demand.
Industrial applications: Wider use of electronic systems supports passive components.
Consumer electronics: Device manufacturing sustains high-volume component requirements.
Competitive Landscape
Top Companies in the Market
AVX Corporation
Hosiden Corporation
Mouser Electronics, Inc.
Murata Manufacturing Co., Ltd.
NICHICON CORPORATION
Panasonic Corporation
SAMSUNG ELECTRO-MECHANICS
TAIYO YUDEN CO., LTD.
TDK Corporation
Vishay Intertechnology, Inc
Conclusion and Strategic Outlook
Passive components are expected to remain the leading component category in the Passive and Interconnecting Electronic Components Market. Capacitor demand, electronic-device growth, industrial applications, and continued use of core circuit elements are expected to support the segment through 2028.
FAQs – Passive and Interconnecting Electronic Components Market
1. Which component segment holds the larger market share?
The Passive segment holds the larger share.
2. Is the Passive segment expected to remain dominant?
Yes. It is expected to remain dominant during the forecast period.
3. Which passive components are highlighted?
Resistors, capacitors, and inductors are highlighted.
4. What supports Passive segment growth?
Strong demand for different types of capacitors across consumer electronics and industrial applications supports growth.
5. What is the market forecast for 2028?
The market is projected to reach US$223.39 billion.
