Interconnects and Passive components Market Size is expected to grow USD 256.3 Billion with a 5.30% CAGR by the end of the year 2022-2030.
The COVID-19 pandemic has changed everything in the world by influencing negatively global businesses. The global Interconnects and passive components market was in high demand before the lockdowns. Due to the government regulations and lockdowns, people remained in their houses and the lack of manpower breaks production and demand, creating supply chain disruption and also showing the financial impact on firms and financial markets.
By increasing the demand for electronic components and their advanced technologies can grow the Global Interconnects and passive components Market.
All kinds of electronic devices and appliances need passive components which are part of electronic circuitry and stand as the major backbone of industries like computing, communications, and consumer electronics (3C) applications which drives the growth of Interconnects and passive components market. Connectors are mostly used interconnect types across telecommunication and consumer electronics applications. So, high-speed and high bandwidth networks are having huge demand, and PCs are expected to be the driving factor for the growth of Interconnects and Passive components Market
Restraint:Declining Profit Margins of Manufactures
Advanced device technology lowers the cost of hardware and for the constant demand for sophisticated and diversified types, we maintain the increase in cost. It impacts the prices of passive components and interconnects. So, it affects the cost of advanced technology-driven products.
Advanced technologies like the transition from3G to voice-over Long-Term Evolution (LTE/4G) and 5G are expected to boost the Interconnects and passive components market growth. Telecommunication applications like mobile phones, landline phones, set-top boxes, etc., are highly demanding products that increase the growth of the global market.
The cost of worldwide products was fallen which is hampering the growth of the market. Manufacturers’ turnover margins are going to be decreased which restricts the growth of the market. These are the challenges for the Interconnect and Passive Components Industry.
The advanced technology transition from 3G to LTE/4G and 5G helps in the growth of Interconnects and Passive components market.
Study Objectives -
To provide insights that affect the growth of the Interconnects market.
To provide a detailed analysis and forecast of the segments and sub-segments of the global Interconnects and passive components growth market.
Analyzing the Interconnects and passive components market report-based Porter five force analysis.
To provide historical and forecast revenue of the segments related to four geographic countries: North America, Asia, Europe, and the Rest of the World.
By providing country-level analysis concerning the current market size and future prospective.
To provide country-level analysis for segments related to the application, region, and components.
To provide key players in the market, analyze core competencies, and draw a competitive landscape.
To track and analyze competitive developments like joint ventures, new developments, strategic alliances, and research related to the Interconnects and Passive Components Market share.
Global industries are trying different ways to increase their demand and supply. The Interconnects and Passive Components market growth is segmented based on region, components, and applications.
Based on Component Type
Passive components like resistors, inductors, capacitors, transformers and diodes, PCBs (printed circuit boards), switches, connectors, relays, and others
Based on Application
Consumer electronics, data processing, military and aerospace, automotive, data processing, industrial, telecommunication, and healthcare.
Based on Region
North America, Europe, Asia- Pacific, and the rest of the world. Out of these Asia-Pacific is expected to grow the highest CAGR over the forecast period 2022-2030 for their easy availability of raw materials, cheap labor, and low production cost.
The prominent key players in the Interconnects and Passive Components Market Share are as follows:
The AVX Corporation, MOLEX LLC, and Ametek in the U.S are developing energy-efficient consumer appliances in the North American region. They introduce advanced electronic infrastructure which leads to an increase in the market share.
In April 2019, TAIYO YUDEN CO., LTD. introduce nine amazing products that are compatible with AEC-Q200 for passive components testing of electronic products. These are used in manufacturing and entertainment systems for power supply circuits and IT facilities like base station communication devices and computers.
In November 2018, Yageo Corporation provides the advanced high-power non-surge device resistor, the high-power SR spectrum. It has 100ppm/0^C TCR features with durable composition. Triple and quadruple powers for the SR series are available.
The full report is inclusive of the following:
By Component Type
Resistors, inductors, capacitors, transformers, diodes, PCBs, relays, and others
Consumer electronics, data processing, telecommunication, military and aerospace, automotive, industrial, and healthcare
North America, Asia-Pacific, Europe, and the Rest of the world
|Market Size||USD 256.3 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Components, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cisco Systems Inc (U.S), AVX Corporation (U.S), MOLEX LLC (U.S), Panasonic Corporation (Japan), Ametek Inc (U.S), Amphenol Corporation (U.S), Delhi Automotive PLC (U.K), Hubbell Incorporated (U.S), Hirose Electric Co. Ltd (Japan), Hon Hai Precision Industry Co. Ltd. (U.S)|
|Key Market Opportunities||Highly demanding products that increase the growth|
|Key Market Drivers||
Interconnects and Passive components Market is set to grow at a CAGR of 5.30% to hit USD 256.3 Billion by 2030
Cisco Systems, Inc. (U.S.), AVX Corporation (U.S.), Molex, LLC (U.S.), Panasonic Corporation (Japan), Ametek, Inc. (U.S.), Amphenol Corporation (U.S.), Delphi Automotive PLC (U.K.) are among the competitors impacting the market growth.
The advance in the importance of OEMs is projected to guide the market progress in the approaching period.
The application and component segments are estimated to create better insight into the market.
The APAC region is expected to be at the apex of market growth throughout the duration of the forecast owing to the strong presence of semiconductor manufacturing.