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Passive Component Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Demand for Communication Equipment to Boost the Market Growth | Technavio
[July 30, 2020]

Passive Component Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Demand for Communication Equipment to Boost the Market Growth | Technavio


Technavio has been monitoring the passive component market and it is poised to grow by USD 11.68 billion during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200730005723/en/

Technavio has announced its latest market research report titled Global Passive Component Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Passive Component Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • What was the size of the passive component market in 2019?
  • Technavio says that the value of the market was USD 28.98 billion in 2019 and is projected to reach USD 40.66 billion by 2024.
  • Based on segmentation by product, which is the leading segment in the market?
  • The capacitors segment is expected to be the leading segment in the global market during the forecast period.
  • At what rate is the market projected to grow?
  • The market is expected to grow at a CAGR of about 7% during the forecast period.
  • Who are the top players in the market?
  • AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic (News - Alert) Corp., Ryosan Company Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and YAGEO Corp. are some of the major market participants.
  • What are the key market drivers and challenges?
  • The increasing demand for communication equipment and the advancements of IoT in industries are the major factors driving the market. However, the rising metals prices restraints the market growth.
  • How big is the APAC market?
  • The market in the APAC region was valued at USD 17.26 billion in 2019 which is anticipated to grow at USD 24.06 billion during 2024.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. AVX Corp., KEMET Electronics Corp., Murata Manufacturing Co. Ltd., Nichicon Corp., Nippon Chemi-Con Corp., Panasonic Corp., Ryosan Company Ltd., Samsung (News - Alert) Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., and YAGEO Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing demand for communication equipment has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.


Passive Component Market 2020-2024: Segmentation

Passive Component Market is segmented as below:

  • Product
    • Capacitors
    • Resistors
    • Inductors
  • End-user
    • Telecom Industry
    • Consumer Electronics
    • Industrial Machinery
    • Automotive Industry
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41100

Passive Component Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The passive component market report covers the following areas:

  • Passive Component Market Size
  • Passive Component Market Trends
  • Passive Component Market Analysis

This study identifies the advancement of IoT in industries as one of the prime reasons driving the passive component market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Passive Component Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist passive component market growth during the next five years
  • Estimation of the passive component market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the passive component market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of passive component market, vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Capacitors - Market size and forecast 2019-2024
  • Resistors - Market size and forecast 2019-2024
  • Inductors - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Telecom industry - Market size and forecast 2019-2024
  • Consumer electronics - Market size and forecast 2019-2024
  • Industrial machinery - Market size and forecast 2019-2024
  • Automotive industry - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AVX (News - Alert) Corp.
  • KEMET Electronics Corp.
  • Murata Manufacturing Co. Ltd.
  • Nichicon Corp.
  • Nippon Chemi-Con Corp.
  • Panasonic Corp.
  • Ryosan Company Ltd.
  • Samsung Electro-Mechanics Co. Ltd.
  • Taiyo Yuden Co. Ltd.
  • YAGEO Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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