Passive Component Market is expected to reach $40.6 Billion by 2027 – An exclusive market research report by Lucintel

November 23 21:26 2022
Passive Component Market is expected to reach $40.6 Billion by 2027 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Passive Component Market
Trends, opportunities and forecast in passive component market to 2027 by end use (telecom, consumer electronics, industrial machinery, and automotive), product type (capacitors, resistors, and inductors), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that passive component provides attractive opportunities in the telecom, consumer electronics, industrial machinery, and automotive industries. The passive component market is expected to reach $40.6 billion by 2027 with a CAGR of 3.5%. In this market, telecom is the largest segment by end use, whereas capacitor is largest by product type.

Download Brochure of this report by clicking on Based on end use, the passive component market is segmented into telecom, consumer electronics, industrial machinery, and automotive. The telecom segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for consumer electronics products, growing demand for premium smartphones, and increasing production of electric vehicles.

Browse in-depth TOC on “Passive Component Market”

68 – Tables

107 – Figures

205 – Pages

The Passive Component Market is marked by the presence of several big and small players. Some of the prominent players offering passive component include KYOCERA AVX Corporation, Kemet Electronics, Murata Manufacturing, Nichicon, Nippon Chemi-Con, Panasonic, Ryosan, Samsung Electro-Mechanics, Taiyo Yuden.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

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