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 https://www.lucintel.com/passive-component-market.aspx 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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