Passive component Market Report 2026

The passive component market size has grown strongly in recent years. It will grow from $35.89 billion in 2025 to $38.1 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing consumer electronics demand, expansion of it & telecommunication infrastructure, increasing automotive electronics adoption, rising industrial automation, standardization of electronic components.

The passive component market size is expected to see strong growth in the next few years. It will grow to $47.84 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to advancements in ai-enabled electronics, growth in electric vehicles, expansion of smart grid and iot infrastructure, development of high-frequency communication networks, demand for energy-efficient and eco-friendly components. Major trends in the forecast period include miniaturization of passive components, high-frequency and high-speed performance, enhanced thermal and power handling, advanced material integration, smart passive components.

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 companies operating 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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the passive components market by increasing costs of raw materials and electronic components, causing supply chain disruptions. Segments such as capacitors and resistors are most affected, particularly in regions like asia-pacific where manufacturing is concentrated. While tariffs create cost challenges, they also encourage local production and innovation in cost-efficient component design, benefiting manufacturers who adapt quickly.

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.

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.Asia-Pacific was the largest region in the passive component market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the passive component market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passive component market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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 that 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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