Increased Application across Many Industries Fuels Global High and Medium Power Passive Components Market

The growing use of passive components in many applications such as laptops, smartphones, and others is prognosticated to accelerate the growth of global high and medium power passive components market.
The high and medium power passive components are utilized across wide range of industry verticals, such as automotive and industrial, data processing, consumer electronics, aerospace and defense, telecommunication, and others.

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Increased Demand for Thinner Consumer Products to Drive Market Growth

Passive devices refer to the major components that are utilized in various consumer electronic products such as capacitors and transformers, inductors, and resistors. These components are needed in the manufacturing of any electronic or electrical circuit.

The global high and medium power passive components market is anticipated to gain traction from the relentless efforts of the manufacturers to provide components at a reasonable price. Passive components like microwave components, radio frequency (RF) components, and many other such components are widely used across numerous industries worldwide. Such high use of passive components is likely to stimulate the growth of global high and medium power passive components market.

The massive use of passive components by the smartphone industry is the major force that is catalyzing the global high and medium power passive components market. The major manufacturers of passive components have forayed into a market where smartphones account for nearly 80% of the overall phone market. Dominance of smartphones will necessitate the demand for passive component market. A large number of passive components are required for the purpose of integration smartphones, and it will propel the growth of global high and medium power passive components market.

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To cater to the rising demand for reduced size of products, particularly in the consumer electronics industry, use of multilayer ceramic capacitors has been made popular. It has resulted in the integration of passive component into semiconductor dies and the packaging of consumer electronics.

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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Perpetual Demand for Electronics to Boost Passive Components Market

San Francisco, California, September 08, 2017: The global high and medium power passive components market is predicted to exhibit a healthy growth on account of the ever accruing demand for electronics and electronic goods. TMR Research anticipates the rise of the market to be bolstered on account of the advances in automotive, information technology and communication industry. According to a report authored by the market research company, titled, “High and Medium Power Passive Components Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” the mentioned factors could provide ample impetus to the demand of passive components globally.

The rise of the high and medium power passive components market development is connected to the surge in electronic devices and gadgets. From smartphones to televisions, each electronic gadget needs these passive components. With the gargantuan rise of communications, automotive and the IT industry, the market is anticipated to become stronger each passing day. In perspective of its highlights, the utilization of passive can be done over an extensive variety of uses extending from health services industrial applications. Vendors are expected to utilize the electronics industry boom to their benefit accordingly.

Geographically, the high and medium power passive components market is likely witness lucrative opportunities in Asia Pacific. The region, witnessing the advent of industrial electronics, computers, data processing, consumer audio/videos, and consumer and professional markets, RF technology, and more, these businesses are leading to the rise of the demand of passive components. The rising population with higher instances of disposable incomes could be responsible for driving the business. Additionally, Europe and North America are predicted to hold large market shares as well.

The chief players operating in the worldwide high and medium power passive components market could capitalize on various opportunities witnessed in emerging economies all over the world. There is a substantial appeal for electronic merchandise and the market is additionally ready with new and technologically advanced products, prompting a steady interest for passive components, and contributing towards development of the market. The market is predicted to be donned by constant endeavors from makers and providers to convey cost-effective segments. The key market players such as Lelon Electronics, Panasonic, Murata Manufacturing, FENGHUA (H.K.) Electronics and Nippon Chemi-Con are anticipated to make their existence known globally.

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