Rapid advancements in the high-end products deal with additional passive components integration, which is increasing the demand for both the high and medium power passive components. Increasing developments in industrial communication and automation have been encouraging the integration of passive components in the electronic devices and in-car infotainment systems. An IndustryARC report presents that the global high and medium power passive components’ market size is projected to reach $28.63m by 2024, and is set to grow with a CAGR of 5.7% throughout the forecast period 2018-2024.
The report is titled “High and Medium Passive Components Market: By Product Type (Capacitor, Resistor, Filter, Timing Device, Potentiometer, Magnetics, Circuit Protection, Connector, Switches and Relays and Others); By Application (Automotive, Telecom, Consumer Electronics, Aerospace and Defense, Industrial and Others); By Power Type (Medium and High) and By Geography Forecast (2018-2024).” It provides an analysis of the different power passive components used in varied applications. This analysis follows a precise research methodology and assists the new market investor in gaining market intelligence and for future decision-making too.
High and medium power passive components Market: Leading Segments
APAC is acknowledged as the leading region in terms of the global high and medium power passive components market, with a 35.36% share in 2017. China, Japan, India, and South Korea are the major countries contributing to APAC’s share in the global passive components market. China occupied a major share in worldwide vehicle production, it is especially rising the demand for passive components in the APAC region. Growth in the automotive, consumer electronics, and telecom industries of China are leading to growth in the power passive components market. Increasing demand for large screen TVs and full-screen smartphones with high resolution are also boosting the growth of both high and medium power passive components in China.
The application of passive components is growing at a faster pace in the automotive industry, which is estimated to propel at a CAGR of 6.3% during the forecast period. R&D investments by OEMs into product development is considered as the key contributor to growth in the automotive industry. The increasing need for controlling high frequency, temperature and voltage operations in fortified cars and technologically advanced gadgets such as entertainment and GPS systems are also influencing the incorporation of passive components. The shift in the demand towards autonomous vehicles equipped with advanced navigation systems and driver assistance systems is also driving the growth of passive components in the automobiles.
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High and medium power passive components Market: Disruptive Trends telecommunications and Consumer Electronics
Rapid development in the incorporation of the bulk number of passive components in the communication equipment across the world coupled with the evolution of high-speed LTE-based communication systems. Growing hunger for multilayer ceramic capacitors to reduce the product’s size in consumer electronics resulted in passive component integration in semiconductor dies and packaging in consumer electronics.
Widespread use of multi-layered ceramic capacitors in varied healthcare applications majorly in scanning equipment, patient bed sensors in ICU, and even in bed pressure meters has been driving the growth of passive components in the healthcare industry.
High and medium power passive components Market: Competitive Landscape
Panasonic, AVX, TDK, Samsung, and Murata are the foremost players operating in the global high and medium power passive components market.
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A. Digital Power Electronics Market
B. Radio frequency components Market
What can you expect from the report?
The High and Medium Passive Components Market is Prepared with the Main Agenda to Cover the following 20 points:
1. High and Medium Passive Components Market Size by Product Categories & Application
2. High and Medium Passive Components Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. High and Medium Passive Components Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. High and Medium Passive Components Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. High and Medium Passive Components Market Strategic Analysis
18. High and Medium Passive Components Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. High and Medium Passive Components Market Revenue and Volume Analysis
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