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| Title | Passive Electronic Components Market Size Share, forecast and Region - 2025-2033 |
|---|---|
| Category | Business --> Advertising and Marketing |
| Meta Keywords | Passive Electronic Components Market |
| Owner | Bobby Yadav |
| Description | |
| Market Overview The global Passive Electronic Components Market was valued at USD 39.86 Billion in 2024 and is expected to reach USD 57.23 Billion by 2033. The market is forecast to grow at a CAGR of 3.90% during the period from 2025 to 2033. Growth is driven by rising demand in consumer electronics, electric vehicles, advanced automotive systems, and renewable energy infrastructure, which require efficient energy management and reliable passive electronic components. Study Assumption Years
Passive Electronic Components Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/passive-electronic-components-market/requestsample Market Growth Factors The global passive electronic components market is primarily driven by the increasing demand for consumer electronics. Devices such as smartphones, laptops, tablets, and wearable technology depend heavily on components like capacitors, resistors, and inductors for efficient power management and signal processing. For instance, wearable device shipments grew by 8.8% year-over-year in the first quarter of 2024, reaching 113.1 million units, highlighting the surge in passive component demand fueled by continuous tech innovations. Expansion in the automotive industry also significantly boosts the passive electronics components market. With nearly 14 million new electric vehicles registered globally in 2023, and a total of 40 million EVs on the road as per the International Energy Agency (IEA), demand for components in battery management, power electronics, and ECUs is intensifying. Advanced driver-assistance systems increasingly rely on these components, making them critical for improved vehicle efficiency and safety. Renewable energy system growth is another key driver, as passive components enable efficient energy conversion, storage, and management in solar, wind, and bioenergy systems. The IEA projects that in 2024, wind and solar photovoltaic systems are expected to produce more electricity than hydropower for the first time globally. This milestone underlines the increased integration of renewable infrastructure and corresponding rise in demand for passive electronic components that optimize system performance and reliability. Market Segmentation By Type:
By End Use Industry:
Regional Insights In 2024, North America led the passive electronic components market with over 35.8% market share. This dominance is due to a strong industrial base, advanced technology infrastructure, considerable R&D investments, and leading industries like aerospace, defense, telecommunications, and automotive. The fast-growing electric vehicle and renewable energy markets are fueling demand for capacitors, resistors, and inductors, supported by robust supply chains and government policies. Recent Developments & News
Key Players
Customization Note If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. Request for customization: https://www.imarcgroup.com/request?type=report&id=5564&flag=E About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91 120 433 0800, United States: +1-201971-6302 | |