Innovations and Miniaturization in Consumer Electronics Drive Growth: Global Passive Electronic Components Market Capitalizes on Emerging Trends
DUBLIN, Sept. 15, 2023 /PRNewswire/ -- The "Passive Electronic Components Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global passive electronic components market showed significant growth in 2022, reaching a total valuation of US$ 36.6 billion. According to this report the market is expected to continue its upward trajectory, with a projected value of US$ 49.3 billion by 2028, reflecting a robust compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2028.
Passive electronic components encompass a range of electrical parts that do not generate power and do not amplify signals. These components include capacitors, resistors, transformers, inductors, and coils. They are fabricated using materials such as tantalum, ceramic, aluminum electrolytic, paper, and plastic films. Passive electronic components are essential in various electronic devices, including computers, home appliances, smartphones, and gaming consoles.
Known for their reliability, ease of design, cost-effectiveness, and ability to handle large voltage currents and power without additional power supplies or amplification elements, passive electronic components find applications in multiple industries, including medical, automotive, aerospace, energy, telecommunications, defense, and data storage.
Market Trends and Drivers:
The global passive electronic components market report by [Publisher Name] provides a detailed analysis of key trends in each sub-segment and offers forecasts at the global, regional, and country levels for the period from 2023 to 2028. The market is segmented based on type and end-use industry.
The report offers a comprehensive analysis of the competitive landscape, featuring key players such as Eaton Corporation PLC, KOA Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TE Connectivity, TT Electronics Plc, Vishay Intertechnology Inc., and Yageo Corporation.
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/e881rx
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