High and Medium Power Passive Components Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The global high and medium power passive components market has gained immensely over the last few years. The vast application array of passive components, ranging from medical and healthcare to industrial applications, have the most significant impact on this market.
Passive components are considered to be either low, medium, or high in nature on the basis of how much power is used in managing or controlling these components. These components account for more than 70% of the components in a system in terms of the material costs in standard electronic systems, such as smartphones, tablets, and medical devices. In fact, there isn’t a single electronic equipment, which does not possess a passive component.
The worldwide high and medium power passive components market demonstrates a competitive and highly fragmented landscape due to the presence of a large pool of companies involved in the production of passive component across the world. These companies are relying mostly on continued technological advancements and innovation in products. The increase in the production volume is expected to benefit these companies over the next few years. A shift in the focus of the leading players towards mergers, acquisitions, and alliances, in order to regularize the rivalry, can be observed in the near future.
A passive component does not require any external energy source for operations, and use the energy that is already present within the system. Passive components is a crucial industry that plays an important role in the development of electronic industry. The high and medium power passive components market growth of passive components is related with the growth of electronics sector. From television to smartphones, every electronic device requires passive components. With great escalation in the automotive, communication and information technology, and electronics industry, the market for passive components is expected to grow further in the near future. In view of its features, passive components can be used across a wide range of applications ranging from healthcare to even industrial applications.
This research report provides an in-depth analysis of the global high and medium power passive components market based on segments and geography.
There is always a high demand for electronic goods and the market is also ripe with new and advanced products, leading to a constant demand for passive components, and contributing towards growth of the passive component market. The passive component market growth is sported by continuous efforts from manufacturers and suppliers to deliver cheaper components. In addition, Asia Pacific region offers great opportunity for the passive component market growth. This is because high penetration level of new technology in the region.
Capacitor segment has the highest share in the passive components market. In spite of high degree of involvement of passive components in electronic devices, the production or assembly cost is very minimal. Global passive component industry is highly fragmented as only 10 major players contribute to over half of the overall market share. The market experiences high degree of competition as there are large number of medium and big players. Moreover, low product differentiation supports the high degree of competition.
The high and medium power passive components market is segmented on the basis of application sector, application type, and component family. Application sector include telecommunications, consumer audio-video, industrial electronics, computers and data processing, automotive, domestic, and defense. Application type include automotive, professional markets, and consumer markets. Component family include ferrites, capacitors, resistors, chokes and inductors, and crystal filters.
Geographically, Asia Pacific is the leading region in the high and medium passive component market. Advent of new technologies also adds to the high and medium power passive components market growth of this region. In addition, high population, growing demand for the components such as RF chip, RF parts, and capacitors are other factors responsible for the regional demand. On the other hand, North America and Europe are projected to drive the demand growth of the market as well.
The key players in the global high and medium power passive components market include FENGHUA (H.K.) Electronics, Lelon Electronics, Murata Manufacturing, Nippon Chemi-Con, and Panasonic.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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