Product Code: 70129
The Passive Electronic Components Market is expected to register a CAGR of approximately 4.2% during the forecast period (2020 - 2025). The increasing adoption of digitalization and coupled with increased connectivity and mobility demand is further increasing the complexity of electronics. This is accelerating the demand for passive components in the electronics.
- Inductors are also experiencing steady growth, due to the increasing number of product launches and developments in the consumer electronics sector. The growing demand for technologically advanced consumer electronics globally, such as smartphones, tablets, portable gaming consoles, laptops, and others, is majorly driving the demand for inductors.
- Furthermore, market players are viewing R&D investments as an important step in technology innovation and new product development. For instance, in December 2019, the manufacturing facility of Vishay Intertechnology, Inc. in Italy, was granted the industrialization of research results (IR2) R&D grant from the European Union and the Regional Government of Piedmont. The investment was made for the SINERGY project (power Semiconductor for INtegrated ENERGY distribution), which will be focused on emerging applications for private and public sustainable mobility, the production of energy from renewable sources, and the efficient conversion of energy.
- Also, in February 2020, ROHM introduced shunt resistors, GMR50 series, delivering 4W rated power in the compact 5.0mm×2.5mm size. It is ideally used for application in motors and power supply circuits used in automotive systems and industrial equipment, for current detection.
Key Market Trends
Automotive Industry Expected to Show Significant Adoption
- The automotive electronics are electronic systems used in road vehicles (ignition, radio, telematics, engine management, and in-car entertainment systems, among others). The automotive market is fast emerging to be the most profitable, with increasing opportunities for product innovation. With the increasing demand for hybrid electric vehicles, the need for passive electronic components is on the rise.
- Furthermore, owing to emission and energy concerns, electric vehicles have gained significant prominence. Even with a minor role of capacitors in micro to mild hybrid cars, energy savings can add up to 15%. In contrast, for more significant functions, such as energy storage systems in electrical trams, trains, and subways, energy savings can add up to 25% of the electricity used. Therefore, these factors are motivating automotive vendors to invest in the market studied.
- In March 2020, KEMET Corporation launched new metal composite power inductors, which are ideal for the growing demands of the automotive market. These new inductors are used in DC to DC switching power supplies, which play an essential role in the growing electrification of modern vehicles.
- Also, resistors are ideal for automotive technicians for diagnosing and testing sensors and monitored circuits. For instance, in March 2020, KOA planned to introduce a new range of wire wound and metal oxide high-power resistors in a ceramic case, which will be dedicatedly used for automotive pre-charge/discharge applications.
Asia-Pacific Expected to Dominate the Market
- The Asia-Pacific region is expected to dominate the market studies in the forecast period, owing to the presence of several market players, such as Panasonic Corporation, TDK Corporation, Murata Manufacturing, and Yageo Corporation, amongst other players in the region.
- Also, several technological advancements, such as the exponential growth of smartphones in the region, coupled with the number of smartphone users in the countries has been growing, which is poised to drive the market studied in this region.
- Further, smart city initiatives in the region have also been on the rise, which contributes to the growth of inductors in the region. Countries in the Asia-Pacific region, such as China, India, Japan, and South Korea, lead such initiatives. Smart City initiatives propel the growth of digitalization, 5G technology, and the deployment of several IoT sensors.
- The regional market players are viewing strategic investments as a lucrative opportunity for growth in the region. For instance, in January 2020, Yageo Corp. plans to invest NTD 10 billion for local investment. According to the company, Taiwan is a hub of the company's research and development, as well as production. The investment will be aimed at developing high-end items for automotive electronics use and 5G applications.
The competitive landscape of the Passive Electronic Components Market is fragmented owing to the presence of several market players globally. The market players are making several product developments and innovations to capture the maximum market share. Moreover, the market players are considering startegic partnerships and investments to gain maximum market traction.
- April 2020 - Bourns, Inc., introduced its new AEC-Q200 compliant series of thick film chip resistors. Also, the company aims to maintain its leadership position in introducing space-saving resistor products by offering its latest Model CRxxxxA series in eight compact form factors-from small 0201 (0603 Metric) up to 2512 (6431 Metric).
- December 2019 - The Taiwan-based Yageo Corporation is planning to acquire passives component supplier Kemet Corporation based in the US to create a new global giant in the manufacture of capacitors, magnetic components and other electronic components.
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Table of Contents
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.2.1 Increasing Complexity of Electronics
- 4.2.2 Growth in Data and Digitalization of Society
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
- 4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
- 5.1 Capacitors
- 5.1.1 By Type
- 18.104.22.168 Ceramic
- 22.214.171.124 Tantalum
- 126.96.36.199 Aluminum Electrolytic
- 188.8.131.52 Paper & Plastic
- 5.1.2 By End-user Industry
- 184.108.40.206 Automotive
- 220.127.116.11 Industrial
- 18.104.22.168 Aerospace & Defense
- 22.214.171.124 Energy
- 126.96.36.199 Communications/Server/Data Storage
- 188.8.131.52 Consumer Electronics
- 184.108.40.206 Medical
- 5.1.3 By Geography
- 220.127.116.11 Americas
- 18.104.22.168 Europe, Middle East and Africa
- 22.214.171.124 Asia-Pacific (Excl. Japan & Korea)
- 126.96.36.199 Japan & Korea
- 5.2 Inductor
- 5.2.1 By Type
- 188.8.131.52 Power
- 184.108.40.206 Frequency
- 5.2.2 By End-user Industry
- 220.127.116.11 Automotive
- 18.104.22.168 Aerospace & Defense
- 22.214.171.124 Communications
- 126.96.36.199 Consumer Electronics & Computing
- 188.8.131.52 Other End-user Industries
- 5.2.3 By Geography
- 184.108.40.206 North America
- 220.127.116.11 Europe
- 18.104.22.168 Asia-Pacific
- 22.214.171.124 Rest of the World
- 5.3 Resistors
- 5.3.1 By Type
- 126.96.36.199 Film (Thick, Thin, Metal & Carbon)
- 188.8.131.52 Carbon Composition
- 184.108.40.206 Wirewound
- 220.127.116.11 Current Sense
- 18.104.22.168 Other Types
- 5.3.2 By End-user Industry
- 22.214.171.124 Automotive
- 126.96.36.199 Aerospace & Defense
- 188.8.131.52 Communications
- 184.108.40.206 Consumer Electronics & Computing
- 220.127.116.11 Other End-user Industries
- 5.3.3 By Geography
- 18.104.22.168 North America
- 22.214.171.124 Europe
- 126.96.36.199 Asia-Pacific
- 188.8.131.52 Rest of the World
6 COMPETITIVE LANDSCAPE
- 6.1 Company Profiles
- 6.1.1 KEMET Corporation
- 6.1.2 Panasonic Corporation
- 6.1.3 TDK Corporation
- 6.1.4 Vishay Intertechnology Inc.
- 6.1.5 Murata Manufacturing Co Ltd.
- 6.1.6 AVX Corporation
- 6.1.7 Taiyo Yuden Co Ltd.
- 6.1.8 Nichicon Corporation
- 6.1.9 WIMA GmbH & Co KG
- 6.1.10 Cornell Dubilier Electronics Inc.
- 6.1.11 Yageo Corporation
- 6.1.12 Lelon Electronics Corp
- 6.1.13 United Chemi-Con (Nippon Chemi-con Corporation)
- 6.1.14 Bourns Inc.
- 6.1.15 Wurth Elektronik Group
- 6.1.16 API Delevan (Fortive Corporation)
- 6.1.17 Eaton Corporation
- 6.1.18 Coilcraft Inc.
- 6.1.19 TT Electronics PLC
- 6.1.20 KOA Speer Electronics Inc.
- 6.1.21 TE Connectivity Ltd
- 6.1.22 Ohmite Manufacturing Company
- 6.1.23 Susumu Co. Ltd
- 6.1.24 Arcol UK Limited
- 6.1.25 Honeywell International Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS