Stratview Research has released a new report, entitled, Passive Electronic Components Market. The report offers a broad analysis of key growth strategies, motivations, opportunities, key segment and competitive landscape. The report proposes key motivations that reinforce the growth in the passive electronic components market. These insights help market players develop strategies to gain market presence. The study also outlines market constraints.
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The study offers a detailed segmentation of the market for passive electronic components. According to this report, the market is estimated to grow from $ 1888.2 million in 2021 to $ 236.9 million by 2026 at a healthy CAGR of 4.0% during the forecast period.
Key sections analyzed in the study include Type, process, application, end user and geography. The market is analyzed based on regions and competitive landscape.
Key players
The study offers an extensive analysis of key players active in the passive electronic components market. Here are some key players mentioned in the report –
- Avalanche Technologies Inc.
- Crossbar Inc.
- Fujitsu Ltd.
- Honeywell International Inc.
- Intel Corporation
- Maxim Integrated Products Inc.
- Micron Technologies Inc.
- ROHM Co. Ltd.
- Samsung Electronics Ltd.
- STMicroelectronics NV.
Growth motives and market value:
This report, by Stratview Research Passive Electronics Components Value and Growth Motivation Throughout the Trend Period of 2021-26. According to the article –
The market for passive electronic components is expected to have a CAGR of 4.0% during the forecast period. Rapid digitalization growth along with increased demand for connectivity and mobility is leading to the complexity of electronics, fueling the growth of the passive electronic components market during the forecast period.
Segment analysis:
Based on by type of inductors:
Based on the inductors type, the market is segmented as consumer electronics and automotive. Consumer electronics is estimated to be the larger consumer of inductors in the market during the forecast period, owing to various applications of inductor, such as filters in the circuits to cut off frequencies, for power supply in several complex circuits, and for managing current. Shifting trends toward connected and smart devices are going to lead to an increased circuitry, generating an increased demand for inductors in consumer goods, such as television sets, computing devices, and wearable devices which keep a constant demand for inductors, fueling the segment growth over the forecast period.
Based on Regional:
In terms of regions, Asia-Pacific is considered to be the dominant region in the market with India, China, Japan and South Korea being the main countries with lucrative growth opportunities thanks to the presence of a number of market players in the region. Factors such as technological improvements, exponential growth of smartphones in the region along with a growing number of smartphone users in the region countries, and smart city initiatives to increase digitalisation growth are expected to fuel the growth of the regional market over the forecast period. North America and Europe are also expected to offer significant; Market growth opportunities during the forecast period.
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Key benefits:
• The report provides a qualitative and quantitative analysis of the market of current passive electronic components
Trends, forecasts and market size from 2021 to 2026 to set new opportunities.
• The major countries in each region are valued and their revenue contribution is mentioned.
Main suggestions of the report:
• Key factors and opportunities: For the purpose of strategy, a detailed examination of motivational factors and opportunities was conducted in various sectors.
• Recent trends and forecasts: A comprehensive analysis of the latest trends, developments and forecasts is mentioned in the report.
Sectoral Analysis: Each segment analysis and motivational factors along with revenue forecasts and growth rate analysis are taken for documentation.
• Regional analysis
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