The passive component market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The report identifies growth in demand for communication equipment as one of the major factors driving the growth of the market. Also, the advancement of IoT in industries will be crucial in fueling the growth of the market over the forecast period. However, factors such as declining demand for desktop computers and TV sets may impede the market growth.
The passive component market analysis includes the product (capacitors, resistors, and inductors), end-user (telecom industry, consumer electronics, industrial machinery, and automotive industry), and geography (APAC, Europe, MEA, North America, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
58% of the market's growth will originate from APAC during the forecast period. China, Taiwan, and Japan are the key markets for passive components in APAC. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period.
Some Companies Mentioned
KEMET Electronics Corp.
Murata Manufacturing Co. Ltd.
Nippon Chemi-Con Corp.
Ryosan Company Ltd.
Samsung Electro-Mechanics Co. Ltd.
Taiyo Yuden Co. Ltd.
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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