Passive and Interconnecting Electronic Components Market - Present Scenario and

Posted by RASHMI on June 6th, 2019

The burgeoning demand for combined modules such as system-on-a-chip and multichip is providing a significant momentum to the global market for passive and interconnecting electronic components. They form an indispensable part of the electronics industry and therefore, the growing trend of automation is benefitting the market. The lower prices, good availability, and shorter lead times of these components are auguring well for the profitability of manufacturers, thereby reflecting positively on the overall revenue generation of the market.

The growth of the global passive and interconnecting electronic components market is primarily supplemented by the continuous innovations and introduction of advanced and efficient technologies in the electronics industry. The proliferation of consumer electronics such as portable music players, digital cameras, laptops, and gaming consoles is providing a considerable push to the market. Moreover, the increasing incorporation of infotainment and navigation features such as global positioning systems (GPS) in automobiles is working in favor of the growth of the market. The emergence of remote communication facilities is also contributing to the growth of the market.

Despite the tremendous potential, the growth of the market is adversely affected by the overall drop in the global commodity prices. Furthermore, with the rising advancements to ensure high functionality, the complexity of passive and interconnecting electronic components is increasing. This, in turn, is negatively influencing the growth of the market.

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The global passive and interconnecting electronic components market can be broadly classified into passive electronic components and interconnecting electronic components. Passive electronic components can be further divided into resistors, inductors, transformers, and capacitors.

The sub-segments of interconnecting electronic components are printed circuit boards, relays and switches, connectors, and others. Both passive and interconnecting components have a widespread adoption across industries such as consumer electronics, automotive, healthcare, telecommunication, defense services, industrial, and information technology (IT).