Booming Consumer Electronics Industry Boosts High and Medium Power Passive Components Market

San Francisco, California, January 23, 2019 : The global high and medium power passive components market is a progressive one. The booming consumer electronics industry and modernization of the healthcare sector in emerging economies are some key factors driving the high and medium power passive components market. Passive components are integral to a range of electronics such as television and music system, smartphones, and laptops. Passive components do not require external energy source, and function using stored energy.

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Furthermore, exploding growth of the automotive sector and growth of the information and communication technology (ICT) industry the demand for passive components is expected to be on the rise. Rising adoption of technology for healthcare is likely to benefit the high and medium power passive components market to a great extent.

Below are presented some key facts pertaining to the high and medium power passive components market. Market players could leverage these observations to capitalize on market opportunities;

• Among the key product types, capacitor has the leading share in the high and medium power passive components market. In general, production and assembly cost of passive components is not high despite their excessive demand.
• The global high and medium power passive components market displays a fragmented vendor landscape. Top 10 players hold more than half market share. Low entry barriers and low product differentiation makes the vendor landscape highly competitive.
• Asia Pacific, among other geographical regions, dominates the high and medium power passive components market. The massive growth of the consumer electronics industry in the region is a key factor driving the high and medium power passive components market in the region. In addition, rising consumerism, modernization of the healthcare sector in emerging economies, and growth of the automotive sector are some key factors fueling the high and medium power passive components market in the region.
• North America and Europe collectively are anticipated to hold substantial share in the high and medium power passive component market.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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