Daten aus dem Cache geladen. Passive Electronic Components Market Anticipated to Witness High...

Passive Electronic Components Market Anticipated to Witness High Growth Owing to Rising Demand for Consumer Electronic Devices

0
675

The passive electronic components market has been gaining massive traction in recent years. Passive electronic components such as resistors, capacitors, and inductors are widely used in consumer electronic devices such as smartphones, laptops, wearables, and home appliances. The soaring popularity of smart and connected devices has significantly bolstered the demand for passive components in circuit boards and semiconductors. Advancements in technology have enabled manufacturers to design compact devices with more powerful performance using a smaller number of passive components.

The global passive electronic components market is estimated to be valued at US$ 41.66 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period of 2024 to 2031.

Emerging technologies such as Internet of Things (IoT), artificial intelligence (AI), and 5G have opened up new opportunities for applications of passive components in areas of smart homes, autonomous vehicles, and medical devices.

Key Takeaways

Key players operating in the passive electronic components market are ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla Inc. These leading manufacturers are investing heavily in research and development to develop innovative and miniaturized passive component solutions.

There is a rising  Passive Electronic Components Market Demand for energy efficient and compact consumer devices which has opened up opportunities for passive component manufacturers to collaborate with OEMs and ODMs in the design and development of next-generation circuit boards. Many players are also focusing on expanding their global footprint by establishing manufacturing facilities in developing Asian and European countries to cater to the growing local demand.

Get More Insights on- Passive Electronic Components Market

Pesquisar
Categorias
Leia Mais
Outro
Exploring the Cap Applicator Market: Key Drivers, Challenges, and Emerging Opportunities
The cap applicator market is a rapidly evolving sector driven by technological advancements and...
Por Jack Smith 2024-11-14 11:19:09 0 157
Gardening
Top Online Slots with Free Play Options
On the web slots have grown to be a cornerstone of the internet gaming market, providing...
Por Traveltourism Traveltourism 2024-07-20 07:48:26 0 448
Music
Harmony in Water: Exploring No Chemical Share Paradises
Lately, there is a growing development and a change in perception in regards to recreational...
Por Elxa Zander 2023-12-02 17:32:31 0 1K
Food
Buy Star Citizen aUEC: Your Ultimate Guide to In-Game Currency
Star Citizen, the groundbreaking space simulation game, has captivated millions of players with...
Por Mother of Bride Dresses 2025-01-01 12:45:52 0 2
Outro
Landscaping Projects Better Left to the Experts
Outdoor projects can really take it out of you. No one wants to spend weekend after weekend...
Por Kritika Bhayana 2024-01-12 10:32:07 0 1K