Passive Electronic Components Category Is Estimated To Move Ahead At A Cagr Of 5.4% From 2024 to 2030Posted by rahul nikade on July 26th, 2024 Passive Electronic Components Procurement Intelligence The passive electronic components category is anticipated to grow at a CAGR of 5.4% from 2024 to 2030. The increasing adoption of IoT devices, expanding automotive electronics, and the proliferation of consumer electronics drive demand for passive electronic components such as resistors, capacitors, and inductors. Global demand for resistors is anticipated to grow over the forecast period due to a rise in medical equipment, automotive, and consumer electronics production. Demand for capacitors is also expected to increase, driven by a surge in renewable energy production. Order your copy of the Passive Electronic Components category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Passive Electronic Components Procurement Intelligence Report Scope The Passive Electronic Components category is expected to have pricing growth outlook of 5% - 9% increase (Annually), with below pricing models.
Supplier Selection Scope of Report
Supplier selection criteria of Report
Passive Electronic Components Procurement Intelligence Report Coverage Grand View Research will cover the following aspects in the report:
Passive Electronic Components Procurement Cost and Supplier Intelligence Raw materials (nickel, copper, aluminum, zinc, palladium), labor, machinery, facility, packaging and shipping, are some of the key costs incurred in manufacturing. Other costs include office supplies, IT costs, repairs & maintenance, and utilities. Passive electronic components require a significant amount of raw materials. The mass production of surface mount electronic components typically relies on engineered powder and pastes. Engineered powder and pastes constitute the primary variable cost in capacitor and resistor production. The primary variable cost in production of the category is raw materials. These variable expenses, including raw materials and labor, make up 40% to 50% of the total cost structure. Fixed costs range from 15% to 20%. Any fluctuation in prices and availability of raw materials can have a negative impact on the profit margins of the manufacturers. For instance, the prices of aluminum in January 2024 were around USD 2,192.8 per metric ton, which was 0.47% increase as compared to December 2023 which was USD 2,182.4 per metric ton. Such increase in raw material price can result in rising prices of components where aluminum is utilized. Under sourcing intelligence, end-use companies, or clients of components such as smartphones, laptops, and other electronic device manufacturers fully outsource their component manufacturing as a form of engagement model. Electronic device manufacturers focus on assembling and developing the final product and they outsource components manufacturing. For instance, in addition to Nvidia, Dell, IBM, Toshiba, YAGEO Corporation manufactures components for various other companies. Many electronics manufacturing companies such as Foxconn, Compal, and Pegatron outsource their services to YAGEO corporation. By outsourcing passive component manufacturing, device manufacturers can streamline their supply chains and potentially reduce production costs. List of Key Suppliers
Add-on Services provided by Grand View Research Pipeline: Should Cost Analysis
Rate Benchmarking
Salary Benchmarking
Supplier Newsletter
Browse through Grand View Research’s collection of procurement intelligence studies:
Brief about Pipeline by Grand View Research: A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. Our services include (not limited to):
Like it? Share it!More by this author |