Passive component Global Market Report 2025

The passive component market size has grown strongly in recent years. It will grow from $33.8 billion in 2024 to $35.89 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth during the historical period can be attributed to the expansion of consumer electronics, the development of telecommunications, the rise in automotive electronics, growing demand for renewable energy systems, the trend toward device miniaturization, and the worldwide spread of mobile and computing technologies.

The passive component market size is expected to see strong growth in the next few years. It will grow to $45.21 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The projected growth in the forecast period can be attributed to the increasing demand for electric vehicles, the expansion of 5G networks, the rising adoption of IoT devices, continued miniaturization in consumer electronics, and growing investments in aerospace and defense technologies. Key trends expected during this period include the miniaturization of components, the development of high-frequency and high-capacitance components, the use of advanced materials for enhanced performance, integration into system-in-package (SiP) designs, and progress in renewable energy and smart grid technologies.

The growing demand for consumer electronics is anticipated to drive the expansion of the passive components market in the coming years. Consumer electronics refer to devices designed for personal use, mainly for entertainment, communication, and personal productivity, with an emphasis on user-friendly technology that simplifies everyday tasks. This demand is increasing due to the widespread adoption of smart devices, which are becoming integral to daily life for functions such as communication, entertainment, work, and home automation. Passive components in these devices help manage current flow, filter signals, store energy, and maintain stable circuit performance. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that consumer electronics production reached $204.67 million (¥32,099 million), showing a 127% increase compared to the same month in the previous year. As a result, the growing demand for consumer electronics is significantly contributing to the growth of the passive components market.

Leading companies in the passive component industry are emphasizing innovations such as thin film chip resistors to achieve higher precision, reduced size, and better performance in compact and high-frequency electronic devices. These resistors are small, accurate components that maintain stable resistance through a thin resistive layer applied to a ceramic base. For instance, in April 2023, YAGEO Corporation, a Taiwan-based electronics manufacturer, introduced the VT series of high-voltage chip resistors, designed for enhanced reliability with resistance to moisture and sulfur. These thin film, high-precision resistors provide stable performance even in demanding environments, making them well-suited for high-voltage applications in sectors such as automotive, industrial, and energy. This innovation enhances both the durability and accuracy of electronic circuits.

In May 2024, Amphenol Corporation, a U.S.-based manufacturer of electronic connectors, acquired the Carlisle Interconnect Technologies (CIT) division from Carlisle Companies Incorporated for $2.025 billion. The acquisition was aimed at broadening Amphenol's interconnect solutions portfolio and enhancing its presence in the aerospace and defense industries by leveraging CIT's advanced technologies. Carlisle Interconnect Technologies, also based in the U.S., is a manufacturer of passive components.

Major players in the passive component market are Panasonic Holdings Corporation, ABB Ltd., Fujitsu Limited, 3M Company, TDK Corporation, TE Connectivity Ltd., Kyocera Corporation, Murata Manufacturing Co. Ltd., Amphenol Corporation, Samsung Electro Mechanics Co. Ltd, KEMET Corp., Yageo Corporation, Rohm Semiconductor, Vishay Intertechnology, Inc., Bourns, Inc., TAIYO YUDEN CO. LTD., Hirose Electric Co., Ltd., NICHICON Corp, Walsin Technology Corporation, Nippon Chemi-Con Corporation.

Asia-Pacific was the largest region in the passive component market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in passive component report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the passive component market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A passive component is a device used in electronic circuits that cannot generate energy by itself but can absorb, store, or release it. Examples include resistors, capacitors, and inductors. These components help regulate electrical signals by maintaining stability, filtering out noise, and controlling the flow of energy within circuits all without changing the signal's strength or needing an external power source.

The primary types of passive components include capacitors, resistors, inductors, diodes, and transformers. A capacitor is a passive electronic device that stores and releases electrical energy in a circuit. It comprises elements such as passive and interconnecting components. These parts are produced using a variety of materials, including ceramics, metals, polymers, and others. Passive components are widely utilized across multiple industries, such as information technology and telecommunications, consumer electronics, automotive, industrial machinery, and more.

The passive component market research report is one of a series of new reports that provides passive component market statistics, including the passive component industry global market size, regional shares, competitors with the passive component market share, detailed passive component market segments, market trends, and opportunities, and any further data you may need to thrive in the passive component industry. This passive component market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The passive component market includes sales of MI filters, RF filters, signal conditioning components, ferrite beads and cores, and oscillators. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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