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Passive and Interconnecting Electronic Components Market Trends

  • Report ID: GMI9848
  • Published Date: Jun 2024
  • Report Format: PDF

Passive and Interconnecting Electronic Components Market Trends

The integration of advanced materials is becoming a significant trend in the passive and interconnecting electronic components market. Manufacturers are increasingly using materials, such as ceramics, polymers, and advanced alloys, to enhance the performance, reliability, and efficiency of components. These materials offer improved electrical, thermal, and mechanical properties, enabling the development of components that can operate under more demanding conditions and provide better performance in various applications. Advancements in manufacturing technologies including automation, precision machining, and additive manufacturing (3D printing) are transforming the production of passive and interconnecting electronic components. These technologies enable manufacturers to produce components with higher precision, better performance characteristics, and greater consistency. Additionally, advancements in semiconductor manufacturing processes are enhancing the capabilities of interconnecting components, leading to improved signal integrity and faster data transmission.
 

With the ongoing trend toward miniaturization in electronics, there is a growing demand for smaller, more compact components with higher density. This trend is driven by the need for lightweight, portable devices and the incorporation of more functionality into smaller form factors. As a result, manufacturers are focused on developing miniaturized passive and interconnecting components that can be integrated into increasingly compact electronic devices without compromising performance. The rollout of 5G networks is creating a substantial demand for advanced passive components and interconnects that can handle higher frequencies and faster data rates. Components, such as antennas, filters, and capacitors, designed for 5G applications are in high demand. This trend is expected to continue as 5G infrastructure expands globally.
 

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for passive and interconnecting electronic components was USD 196.5 billion in 2023 and is projected to expand at over 5% CAGR from 2024 to 2032, due to the rapid transition toward electric and hybrid vehicles.

The passive segment in the passive and interconnecting electronic components industry is projected to garner over USD 1.5 billion by 2032, owing to the increasing adoption across consumer electronics, automotive, healthcare, and telecommunications.

The consumer electronics application segment in the passive and interconnecting electronic components market recorded over 20% share in 2023 and is estimated to depict notable CAGR between 2024 and 2032, led by the continuous launch of innovative products with advanced features and functionalities.

Asia Pacific industry held over 30% share 2023, attributed to the presence of major manufacturing hub for electronic devices and equipment.

Passive and Interconnecting Electronic Components Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 239
  • Countries covered: 21
  • Pages: 250
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