Interconnects and Passive Components Market by Passive Components (Resistor, Capacitor, Inductor, Transformer, and Diode), Interconnect Type (PCB, Connector, Switch, Relay, Adapter, Terminal, Splice, and Socket), Application, and Region - Global Forecast to 2022
“Interconnects and passive components market expected to grow at a CAGR of 4.41% between 2017 and 2022”
According to the new market research report, the interconnects and passive components market is expected to grow from USD 144.35 billion in 2016 to USD 187.55 Billion by 2022, growing at a CAGR of 4.41% between 2017 and 2022. The growth of the interconnects and passive components market could be attributed to the increasing demand for miniaturized and high-performance electronic devices, and proliferation of automotive infotainment and consumer electronics, and increasing government support for healthcare IT solutions. The main restraints in interconnects and passive components market are the overall drop in commodity prices and declining profit margins for manufacturers. The key reasons behind these factors are aggressive competition among manufacturers, severe price erosion, and changing end-use markets.
“Data processing application is expected to dominate the interconnects and passive components market between 2017 and 2022”
Data processing application is expected to dominate interconnects and passive components market during the forecast period. This growth is attributed to the increased demand for data processing products, such as laptops, desktops, personal computers, servers and peripherals, in residential and commercial applications, thereby creating a huge demand for passive components and interconnects.
“Interconnects and passive components market in Asia-Pacific is expected to have the largest share”
This report covers regions such as Americas, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The APAC is expected to have the largest share of interconnects and passive components market between 2017 and 2022. The key market drivers are the easy availability of raw material, cheap labor, and low production-cost in this region. Moreover, countries in APAC such as India, Taiwan, South Korea and Malaysia, which add new manufacturing facilities year by year are contributing to the growth of the interconnects and passive components market. Furthermore, automotive is the fastest growing application sector in interconnects and passive components market due to which major automotive companies in APAC region have the largest market share.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of the profile of primary participants is given below:
By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
By Designation: C-Level – 50%, Director Level – 35%, and Others – 15%
By Region: Americas – 35%, Europe – 22%, APAC – 30%, RoW – 13%
The major players in the interconnects and passive components market are TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Molex Incorporated (U.S.), Hirose Electric Co., Ltd. (Japan), and Delphi Automotive LLP (U.K.).
This report covers the product type segment, which consists of passive components and interconnects. In terms of passive component type, the market is segmented into resistors, capacitors, inductors, diodes and transformers. Interconnects and passive components consists of interconnect types that include PCBs, connectors, switches, relays, and others. Others include adapters, sockets, terminals, and splices. Moreover, the market for interconnects and passive components is segmented on the basis of application into consumer electronics, data processing, telecommunication, healthcare, automotive, military and aerospace. The overall interconnects and passive components market is divided on the basis of region into Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW).
Key Benefits of Buying the Report:
This report includes the market statistics pertaining to the passive component type, interconnect type, application, and region along with their respective revenues
Porter’s five forces framework has been provided along with the value chain analysis to provide an insight into the interconnects and passive components market
The major drivers, restraints, challenges, and opportunities for the interconnects and passive components market have been detailed in this report
Illustrative segmentation, analysis, and forecast for the interconnects and passive components market based on product type, passive component type, interconnect type, application, and region have been conducted to provide an overall view of the interconnects and passive components market
A detailed competitive landscape has been provided that includes key players, in-depth analysis, and revenues of the key players
The available customizations for the report offer further country-wise segmentation of interconnects and passive components market in terms of value. Further breakdown of the industry could be provided along with the profiling of additional companies in the report