Global High and Medium Power Passive Components Market: Snapshot
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.
Global High and Medium Power Passive Components Market: Overview
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.
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Global High and Medium Power Passive Components Market: Trends and Prospects
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.
Global High and Medium Power Passive Components Market: Key Segments
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.
Global High and Medium Power Passive Components Market: Key Market Players
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.
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