Passive components Market Domineering by the Multi-Layered Ceramic Capacitors

Posted by industryarc on August 8th, 2019

Rapid advancements in the high-end products deals with additional passive components integration, which are increasing the demand for both the high and medium power passive components. Increasing developments in industrial communication and automation has been encouraging the integration of passive components in the electronic devices and in-car infotainment systems. An IndustryARC report presents that the global high and medium power passive components’ market size is projected to reach .63m by 2024, and is set to grow with a CAGR of 5.7% throughout the forecast period 2018-2024.

The report is titled “High and Medium Passive Components Market: By Product Type (Capacitor, Resistor, Filter, Timing Device, Potentiometer, Magnetics, Circuit Protection, Connector, Switches and Relays and Others); By Application (Automotive, Telecom, Consumer Electronics, Aerospace and Defense, Industrial and Others); By Power Type (Medium and High) and By Geography Forecast (2018-2024).” It provides an analysis of the different power passive components used in varied applications. This analysis follows a precise research methodology and assists the new market investor in gaining market intelligence and for future decision-making too.

View Full Table Of Content Of High and Medium Passive Components Market

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High and medium power passive components Market: Leading Segments
APAC is acknowledged as the leading region in terms of the global high and medium power passive components market, with a 35.36% share in 2017. China, Japan, India and South Korea are the major countries contributing to APAC’s share in the global passive components market. China occupied a major share in the worldwide vehicle production, it is especially rising the demand for passive components in APAC region. Growth in the automotive, consumer electronics, and telecom industries of China are leading to growth in the power passive components market. Increasing demand for large screen TVs and full screen smartphones with high resolution are also boosting growth of both high and medium power passive components in China.

Application of passive components is growing at a faster pace in the automotive industry, which is estimated to propel at a CAGR of 6.3% during the forecast period. R&D investments by OEMs into product development is considered as the key contributor for growth in the automotive industry. Increasing need for controlling high frequency, temperature and voltage operations in fortified cars and technologically advanced gadgets such as entertainment and GPS systems are also influencing incorporation of passive components. Shift in the demand towards autonomous vehicles equipped with advanced navigation systems and driver assistance systems is also driving growth of passive components in the automobiles.

High and medium power passive components Market: Disruptive Trends
Telecommunications and Consumer Electronics

Rapid development in the incorporation of bulk number of passive components in the communication equipment across the world coupled with the evolution of high speed LTE-based communication systems. Growing hunger for multilayer ceramic capacitors to reduce the products size in consumer electronics, resulted in passive component integration in semiconductor dies and packaging in consumer electronics.

Healthcare Industry

Widespread use of multi-layered ceramic capacitors in varied healthcare applications majorly in scanning equipment, patient bed sensors in ICU, and even in bed pressure meters has been driving the growth of passive components in healthcare industry.
High and medium power passive components Market: Competitive Landscape
Panasonic, AVX, TDK, Samsung, and Murata are the foremost players operating in the global high and medium power passive components market.

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