The interconnect and passive components market size is expected to see strong growth in the next few years. It will grow to $257.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to 5g network rollout, electric vehicle (ev) revolution, internet of things (iot) expansion, growing aerospace and defense. Major trends in the forecast period include miniaturization and technology advancements, high-frequency and rf components, sustainable and eco-friendly components, customization and modular designs developments.
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Segmentation & Regional Insights
The interconnect and passive components market covered in this report is segmented –
1) By Product: Passive Components; Interconnects
2) By Application: Consumer Electronics; Data Processing; Telecommunication; Military And Aerospace; Automotive; Industrial; Healthcare
Asia-Pacific was the largest region in the interconnect and passive components market in 2023. The regions covered in interconnect and passive components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing production of consumer electronics is expected to propel the growth of the interconnect and passive components market going forward. Consumer electronics refers to electronic devices and gadgets designed for personal use by individuals for entertainment, communication, productivity and other everyday purposes. Consumer electronics production will fuel the need for interconnect and passive components as they enable seamless connectivity, miniaturization and enhanced functionality within consumer electronic devices, meeting the demands of modern product complexity and integration. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan accounted for $6,722 million (¥771,457 million). In addition, consumer electronics production reached $280 million (¥ 32,099 million) in May 2023, compared to $230.9 million (¥25,268 million) in May 2022. Therefore, increasing the production of consumer electronics will drive the growth of the interconnect and passive component market.
Key Industry Players
Major players in the interconnect and passive components market are Foxconn Electronics Inc., Nichicon Corporation, Koch Industries Inc., Panasonic Corporation, Cisco Systems Inc., KYOCERA AVX Components Corporation, TE Connectivity Corporation, TDK Corporation, Molex Incorporated, YAZAKI Corporation, Amphenol Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., AMETEK Inc., Hubbell Inc., Delphi Technologies PLC, Yageo Corporation, Vishay Intertechnology Inc., Bourns Inc., Taiyo Yuden Co. Ltd., Japan Aviation Electronics Industry Ltd., KEMET Electronics Corporation, HIROSE ELECTRIC CO., Sumida Corporation, TT Electronics PLC, Rubycon Corporation, Pulse Electronics Corporation, J.S.T. Mfg. Co., Chogori Technology Co. Ltd., Zeeteq Electronics Co. Ltd. .
The interconnect and passive components market report table of contents includes:
- Executive Summary
- Interconnect And Passive Components Market Characteristics
- Interconnect And Passive Components Market Trends And Strategies
- Interconnect And Passive Components Market – Macro Economic Scenario
- Global Interconnect And Passive Components Market Size and Growth
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- Global Interconnect And Passive Components Market Competitive Benchmarking
- Global Interconnect And Passive Components Market Competitive Dashboard
- Key Mergers And Acquisitions In Interconnect And Passive Components Market
- Interconnect And Passive Components Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Foxconn Electronics Inc.
- Nichicon Corporation
- Koch Industries Inc.
- Panasonic Corporation
- Cisco Systems Inc.
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